Union Street Correlations

USPCX Fund

USD 30.56 0.34 1.13%

The current 90-days correlation between Union Street Partners and Gmo High Yield is -0.17 (i.e., Good diversification). The correlation of Union Street 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.

Union Street Correlation With Market

Poor diversification

The correlation between Union Street Partners and DJI is 0.71 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Union Street Partners 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 Union Street Partners. 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 main economic indicators.

Moving together with Union Mutual Fund

0.98	AFMFX	American Mutual	Pair Corr
0.98	FFMMX	American Funds American	Pair Corr
0.98	FFFMX	American Funds American	Pair Corr
0.98	AMRMX	American Mutual	Pair Corr
0.98	AMFCX	American Mutual	Pair Corr
0.98	DODGX	Dodge Stock Fund	Pair Corr
0.98	VIVAX	Vanguard Value Index	Pair Corr
0.93	ERH	Allspring Utilities And	Pair Corr
0.97	WHIYX	Ivy High Income	Pair Corr
0.97	IVHIX	Ivy High Income	Pair Corr
0.97	IHIFX	Ivy High Income	Pair Corr
0.97	WRHIX	Ivy High Income	Pair Corr
0.97	WHIAX	Ivy High Income	Pair Corr
0.75	CSJZX	Cohen Steers Realty	Pair Corr
0.75	CSRSX	Cohen Steers Realty	Pair Corr
0.61	CVX	Chevron Corp	Pair Corr

Moving against Union Mutual Fund

0.43

TRV

The Travelers Companies

Pair Corr

Related Correlations Analysis

	GHVIX	ABRUX	MRHYX	PHDTX	SISAX	0P0000A2WI
GHVIX		0.97	1.0	1.0	0.98	0.99	GHVIX
ABRUX	0.97		0.98	0.98	0.94	0.97	ABRUX
MRHYX	1.0	0.98		1.0	0.98	0.99	MRHYX
PHDTX	1.0	0.98	1.0		0.98	0.99	PHDTX
SISAX	0.98	0.94	0.98	0.98		0.97	SISAX
0P0000A2WI	0.99	0.97	0.99	0.99	0.97		0P0000A2WI
	GHVIX	ABRUX	MRHYX	PHDTX	SISAX	0P0000A2WI

Click cells to compare fundamentals

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Risk-Adjusted Indicators

There is a big difference between Union Mutual Fund performing well and Union Street 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 Union Street'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
GHVIX	0.17	0.09	(0.60)	(1.27)	0.00	(0.23)	0.48	(0.29)	1.35
ABRUX	0.42	0.24	0.03	(2.69)	0.00	(0.57)	1.24	(0.54)	2.85
MRHYX	0.15	0.08	(0.74)	(3.80)	0.00	(0.22)	0.37	(0.12)	1.10
PHDTX	0.12	0.08	(0.68)	(1.81)	0.00	(0.19)	0.34	(0.11)	0.92
SISAX	0.50	0.06	0.02	0.29	0.25	(0.62)	1.58	(0.90)	3.66
0P0000A2WI	0.16	0.06	(0.54)	2.92	0.00	(0.25)	0.46	(0.29)	1.06

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