Science Technology Correlations

VCSTX Fund

USD 41.61 1.42 3.55%

The correlation of Science Technology 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.

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Moving together with Science Mutual Fund

0.97	VITAX	Vanguard Information	Pair Corr
0.91	CCIFX	Columbia Seligman	Pair Corr
0.92	FSPTX	Technology Portfolio	Pair Corr
0.93	FSELX	Fidelity Select Semi	Pair Corr
0.74	FSCSX	Software And It	Pair Corr
0.91	SLMCX	Columbia Seligman	Pair Corr
0.91	SCICX	Columbia Seligman	Pair Corr
0.98	WSTRX	Ivy Science And	Pair Corr
0.67	GPBFX	Gmo E Plus	Pair Corr
0.78	GPMFX	Guidepath Managed Futures	Pair Corr
0.68	PQTAX	Pimco Trends Managed	Pair Corr
0.71	PQTNX	Pimco Trends Managed	Pair Corr
0.68	PQTIX	Aa Pimco Tr	Pair Corr
0.84	WARCX	Wells Fargo Advantage	Pair Corr
0.72	GPICX	Guidepath Conservative	Pair Corr
0.68	CAT	Caterpillar	Pair Corr
0.9	GE	GE Aerospace	Pair Corr
0.76	IBM	International Business	Pair Corr
0.8	INTC	Intel Aggressive Push	Pair Corr
0.66	AA	Alcoa Corp	Pair Corr

Moving against Science Mutual Fund

0.69	VZ	Verizon Communications	Pair Corr
0.66	T	ATT Inc	Pair Corr
0.35	CVX	Chevron Corp Sell-off Trend	Pair Corr
0.31	BA	Boeing	Pair Corr

Related Correlations Analysis

	LANIX	HGOFX	EIPIX	GCIGX	MGAFX	SCGCX	PCLCX	LLLRX
LANIX		0.91	0.43	0.85	0.98	1.0	0.87	1.0	LANIX
HGOFX	0.91		0.18	0.68	0.89	0.92	0.93	0.92	HGOFX
EIPIX	0.43	0.18		0.46	0.41	0.44	0.07	0.44	EIPIX
GCIGX	0.85	0.68	0.46		0.91	0.86	0.71	0.85	GCIGX
MGAFX	0.98	0.89	0.41	0.91		0.98	0.89	0.98	MGAFX
SCGCX	1.0	0.92	0.44	0.86	0.98		0.88	1.0	SCGCX
PCLCX	0.87	0.93	0.07	0.71	0.89	0.88		0.87	PCLCX
LLLRX	1.0	0.92	0.44	0.85	0.98	1.0	0.87		LLLRX
	LANIX	HGOFX	EIPIX	GCIGX	MGAFX	SCGCX	PCLCX	LLLRX

Risk-Adjusted Indicators

There is a big difference between Science Mutual Fund performing well and Science Technology 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 Science Technology'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
LANIX	0.49	0.00	(0.01)	0.02	0.81	(0.44)	0.94	(1.21)	3.30
HGOFX	0.90	0.03	0.02	0.05	1.25	(0.91)	1.63	(2.13)	5.36
EIPIX	0.43	0.04	0.04	0.13	0.47	(0.44)	0.91	(0.75)	2.20
GCIGX	0.70	0.03	0.02	0.05	0.88	(0.69)	1.16	(1.61)	3.99
MGAFX	0.43	0.00	(0.01)	0.02	0.62	(0.42)	0.93	(0.93)	2.85
SCGCX	0.43	0.01	0.01	0.04	0.68	(0.40)	0.85	(1.06)	2.82
PCLCX	0.72	0.00	0.00	0.02	1.11	(0.67)	1.42	(1.84)	4.24
LLLRX	0.51	0.01	0.01	0.03	0.83	(0.46)	1.02	(1.23)	3.28

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Science Technology Correlations

Moving together with Science Mutual Fund

Moving against Science Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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