Upright Assets Correlations

Mutual Funds . USA . 
Fund . Upright Assets Allocation
UPAAX Fund  USD 15.30  0.06  0.39%   
The current 90-days correlation between Upright Assets Allocation and Upright Growth Income is 0.98 (i.e., Almost no diversification). The correlation of Upright Assets 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.

Upright Assets Correlation With Market

Very poor diversification

The correlation between Upright Assets Allocation and DJI is 0.85 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Upright Assets Allocation and DJI in the same portfolio, assuming nothing else is changed.
  
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Upright Assets Allocation. 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 nation.

Moving together with Upright Mutual Fund

  1.0UPDDX Upright Growth IncomePairCorr
  1.0UPUPX Upright GrowthPairCorr
  0.97PAALX All Asset FundPairCorr
  0.97PATRX Pimco All AssetPairCorr
  0.97PAAIX All Asset FundPairCorr
  0.97PALPX Pimco All AssetPairCorr
  0.95PASAX All Asset FundPairCorr
  0.97PASCX All Asset FundPairCorr
  0.97PAANX Pimco All AssetPairCorr
  0.94PAUPX Pimco All AssetPairCorr
  0.94PAUIX Pimco All AssetPairCorr
  0.76GAAKX Gmo Alternative AlloPairCorr
  0.75GAAGX Gmo Alternative AlloPairCorr
  0.67GPBFX Gmo E PlusPairCorr
  0.95DOMOX Domini Impact InternPairCorr
  0.99GGSCX Goldman Sachs GrowthPairCorr
  0.99MRLSX Amg Renaissance LargePairCorr
  0.97LVOPX Lord Abbett ValuePairCorr
  0.91RAPIX Cohen Steers RealPairCorr
  0.98WHGQX Westwood Quality ValuePairCorr
  0.83NEA Nuveen Amt FreePairCorr
  0.95UBVFX Undiscovered ManagersPairCorr
  0.99PNSCX Putnam Small CapPairCorr
  1.0CHRSX Invesco CharterPairCorr
  0.95PGIRX Polen Global GrowthPairCorr
  0.99JLDEX Retirement Living ThroughPairCorr
  0.79CPBFX Invesco E PlusPairCorr
  1.0DREQX Dreyfus Research GrowthPairCorr
  0.98PPQPX Midcap GrowthPairCorr
  0.99BDBPX Ishares Russell 2000PairCorr
  1.0VFINX Vanguard 500 IndexPairCorr
  1.0FNSFX Fidelity Freedom 2060PairCorr
  0.99MRMLX Massmutual RetiresmartPairCorr

Moving against Upright Mutual Fund

  0.47GPMFX Guidepath Managed FuturesPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Upright Mutual Fund performing well and Upright Assets 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 Upright Assets' 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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
UPAAX  1.42  0.33  0.23  0.31  1.15 
(1.60)
 4.24 
(2.97)
 10.19 
UPDDX  1.29  0.38  0.26  0.38  1.06 
(1.49)
 3.80 
(2.57)
 8.84 
UPUPX  1.07  0.27  0.23  0.36  0.79 
(1.26)
 3.00 
(2.08)
 7.22 
LRRKX  0.10  0.04 (0.59) 0.88  0.00 
(0.21)
 0.50 
(0.13)
 0.75 
FCNTX  0.75  0.16  0.17  0.31  0.43 
(0.96)
 2.26 
(1.11)
 4.75 
RERPX  0.28  0.07 (0.05) 0.32  0.00 
(0.33)
 0.79 
(0.52)
 1.83 
SMAAX  0.11  0.03 (0.55) 1.06  0.00 
(0.16)
 0.21 
(0.10)
 0.72 
JOEIX  0.49  0.19  0.16  0.79  0.00 
(0.59)
 1.63 
(0.83)
 3.07 
DLEUX  0.63  0.10 (0.03) 1.47  0.64 
(0.67)
 1.30 
(1.13)
 2.81 
MSICX  0.15  0.03 (0.51) 0.78  0.00 
(0.20)
 0.24 
(0.23)
 0.82 

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