Health Care Correlations
| FSPHX Fund | USD 25.22 0.35 1.37% |
The current 90-days correlation between Health Care Portfolio and Biotechnology Portfolio Biotechnology is 0.84 (i.e., Very poor diversification). The correlation of Health Care 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.
Health |
Related Correlations Analysis
| 0.63 | 0.48 | 0.16 | 0.65 | FBIOX | ||
| 0.63 | 0.95 | 0.51 | 1.0 | FSPTX | ||
| 0.48 | 0.95 | 0.62 | 0.93 | FSCSX | ||
| 0.16 | 0.51 | 0.62 | 0.49 | FSMEX | ||
| 0.65 | 1.0 | 0.93 | 0.49 | FSELX | ||
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Risk-Adjusted Indicators
There is a big difference between Health Mutual Fund performing well and Health Care 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 Health Care'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| FBIOX | 1.21 | 0.16 | 0.01 | (3.45) | 1.68 | 2.17 | 8.79 | |||
| FSPTX | 0.99 | 0.56 | 0.50 | 5.26 | 0.00 | 2.85 | 7.18 | |||
| FSCSX | 0.92 | 0.45 | 0.32 | (8.98) | 0.37 | 2.57 | 6.93 | |||
| FSMEX | 0.66 | 0.04 | (0.08) | 0.65 | 0.88 | 1.87 | 5.35 | |||
| FSELX | 1.38 | 0.74 | 0.53 | 3.54 | 0.44 | 4.06 | 9.90 |