Consumer Services Correlations

Mutual Funds . USA . 
Fund . Consumer Services Ultrasector
CYPSX Fund  USD 55.05  1.20  2.13%   
The current 90-days correlation between Consumer Services and Consumer Services Ultrasector is -0.01 (i.e., Good diversification). The correlation of Consumer Services 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.

Consumer Services Correlation With Market

Poor diversification

The correlation between Consumer Services Ultrasector and DJI is 0.7 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Consumer Services Ultrasector 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 Consumer Services Ultrasector. 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 state.

Moving together with Consumer Mutual Fund

  0.71TEPIX Technology UltrasectorPairCorr
  0.91TEPSX Technology UltrasectorPairCorr
  0.81LGPIX Large Cap GrowthPairCorr
  0.67LGPSX Profunds Large CapPairCorr
  0.95OTPIX Nasdaq 100 ProfundPairCorr
  0.88UJPIX Ultrajapan ProfundPairCorr
  0.94OTPSX Nasdaq 100 ProfundPairCorr
  0.88UJPSX Ultrajapan ProfundPairCorr
  0.93MLPSX Mid Cap ValuePairCorr
  0.78MLPIX Mid Cap ValuePairCorr
  0.67ENPIX Oil Gas UltrasectorPairCorr
  0.73BTCFX Bitcoin Strategy Profund Steady GrowthPairCorr
  0.69INPIX Internet UltrasectorPairCorr
  0.65INPSX Internet UltrasectorPairCorr
  0.8ULPIX Ultrabull ProfundPairCorr
  0.92ULPSX Ultrabull ProfundPairCorr
  0.65WCPIX Mobile TelecommunicatioPairCorr
  0.91WCPSX Mobile TelecommunicatioPairCorr
  0.69OEPSX Oil Equipment Services Downward RallyPairCorr
  0.85CYPIX Consumer ServicesPairCorr
  0.7OEPIX Oil Equipment Services Downward RallyPairCorr
  0.92SVPIX Small Cap ValuePairCorr
  0.87SVPSX Small Cap ValuePairCorr
  0.96UMPSX Ultramid Cap ProfundPairCorr
  0.81UMPIX Ultramid Cap ProfundPairCorr
  0.9UNPSX UltrainternationalPairCorr

Moving against Consumer Mutual Fund

  0.85UIPSX Ultrashort Mid Cap Steady GrowthPairCorr
  0.85BRPIX Bear Profund BearPairCorr
  0.85UKPSX Ultrashort Japan ProfundPairCorr
  0.82BRPSX Bear Profund BearPairCorr
  0.8UKPIX Ultrashort Japan ProfundPairCorr
  0.67UIPIX Ultrashort Mid Cap Steady GrowthPairCorr
  0.66SRPSX Short Real EstatePairCorr
  0.37GVPIX Us Government PlusPairCorr
  0.36GVPSX Us Government PlusPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Consumer Mutual Fund performing well and Consumer Services 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 Consumer Services' 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.

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