Utilities Fund Correlations

BULIX Fund

USD 20.54 0.19 0.92%

The current 90-days correlation between Utilities Fund Investor and Science Technology Fund is -0.05 (i.e., Good diversification). The correlation of Utilities Fund is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Utilities Fund Correlation With Market

Weak diversification

The correlation between Utilities Fund Investor and DJI is 0.32 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Utilities Fund Investor and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Utilities Fund Investor. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

Moving together with Utilities Mutual Fund

0.62	AMEIX	Equity Growth	Pair Corr
0.66	AMKIX	Emerging Markets	Pair Corr
0.62	TWACX	Short Term Government	Pair Corr
0.62	TWCCX	Ultra Fund C	Pair Corr
0.63	TWARX	Short Term Government	Pair Corr
0.63	TWCUX	Ultra Fund Investor	Pair Corr
0.65	TWMIX	Emerging Markets	Pair Corr
0.67	TWTCX	Intermediate Term Tax	Pair Corr
0.71	TWTIX	Intermediate Term Tax	Pair Corr
0.61	TWUSX	Short Term Government	Pair Corr
0.63	TWUOX	Short Term Government	Pair Corr
0.7	TWWOX	Intermediate Term Tax	Pair Corr

Related Correlations Analysis

	USTCX	PTTEX	MTCCX	HTECX	NWHTX	PGKCX	VITAX
USTCX		0.95	0.89	0.59	0.8	0.96	0.91	USTCX
PTTEX	0.95		0.85	0.53	0.78	0.98	0.92	PTTEX
MTCCX	0.89	0.85		0.55	0.79	0.88	0.96	MTCCX
HTECX	0.59	0.53	0.55		0.91	0.47	0.65	HTECX
NWHTX	0.8	0.78	0.79	0.91		0.73	0.88	NWHTX
PGKCX	0.96	0.98	0.88	0.47	0.73		0.92	PGKCX
VITAX	0.91	0.92	0.96	0.65	0.88	0.92		VITAX
	USTCX	PTTEX	MTCCX	HTECX	NWHTX	PGKCX	VITAX

Risk-Adjusted Indicators

There is a big difference between Utilities Mutual Fund performing well and Utilities Fund Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Utilities Fund's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
USTCX	0.93	0.07	0.02	0.58	1.35	(0.88)	2.03	(2.38)	5.62
PTTEX	0.99	0.08	0.02	0.77	1.50	(0.94)	1.93	(2.27)	6.21
MTCCX	0.95	0.07	0.06	0.12	1.25	(0.97)	1.88	(2.58)	5.71
HTECX	0.97	(0.02)	0.00	0.04	1.34	(0.97)	1.86	(2.09)	5.80
NWHTX	1.00	0.00	0.01	0.05	1.52	(0.93)	1.97	(2.51)	6.17
PGKCX	1.00	0.08	0.02	0.77	1.38	(0.96)	2.08	(2.65)	6.20
VITAX	0.95	0.06	0.05	0.11	1.47	(0.91)	1.84	(2.72)	5.95

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Utilities Fund Correlations

Utilities Fund Correlation With Market

Weak diversification

Moving together with Utilities Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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