Software And Correlations
FSCSX Fund | USD 29.08 0.10 0.35% |
The current 90-days correlation between Software And It and Technology Portfolio Technology is 0.77 (i.e., Poor diversification). The correlation of Software And 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.
Software And Correlation With Market
Good diversification
The correlation between Software And It and DJI is -0.14 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Software And It and DJI in the same portfolio, assuming nothing else is changed.
Software |
Moving together with Software Mutual Fund
0.79 | CCIFX | Columbia Seligman | PairCorr |
0.95 | FSPTX | Technology Portfolio | PairCorr |
0.95 | FSELX | Fidelity Select Semi | PairCorr |
0.79 | SLMCX | Columbia Seligman | PairCorr |
0.95 | SCICX | Columbia Seligman | PairCorr |
0.96 | WSTRX | Ivy Science And | PairCorr |
0.79 | VSTSX | Vanguard Total Stock | PairCorr |
0.79 | VSMPX | Vanguard Total Stock | PairCorr |
0.95 | VITSX | Vanguard Total Stock | PairCorr |
0.79 | VFFSX | Vanguard 500 Index | PairCorr |
0.79 | VFIAX | Vanguard 500 Index | PairCorr |
0.75 | VTISX | Vanguard Total Inter | PairCorr |
0.75 | VTSNX | Vanguard Total Inter | PairCorr |
0.94 | VTPSX | Vanguard Total Inter | PairCorr |
0.95 | VINIX | Vanguard Institutional | PairCorr |
0.79 | VTSAX | Vanguard Total Stock | PairCorr |
0.72 | MAUKX | Pioneer Multi Asset | PairCorr |
0.97 | UIVMX | Mfs Intrinsic Value | PairCorr |
0.87 | PHK | Pimco High Income | PairCorr |
Related Correlations Analysis
1.0 | 0.86 | 0.32 | 0.26 | FSPTX | ||
1.0 | 0.84 | 0.31 | 0.25 | FSELX | ||
0.86 | 0.84 | 0.49 | 0.45 | FSRPX | ||
0.32 | 0.31 | 0.49 | 0.5 | FBSOX | ||
0.26 | 0.25 | 0.45 | 0.5 | FSMEX | ||
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Risk-Adjusted Indicators
There is a big difference between Software Mutual Fund performing well and Software And 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 Software And'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 | ||
---|---|---|---|---|---|---|---|---|---|---|
FSPTX | 0.85 | 0.41 | 0.19 | (21.48) | 0.22 | 2.12 | 7.18 | |||
FSELX | 1.24 | 0.57 | 0.26 | (17.73) | 0.70 | 3.44 | 9.90 | |||
FSRPX | 0.68 | 0.18 | (0.09) | (2.21) | 0.60 | 1.27 | 6.28 | |||
FBSOX | 0.75 | 0.12 | (0.11) | (0.50) | 1.19 | 1.65 | 5.76 | |||
FSMEX | 0.67 | 0.07 | (0.20) | (0.24) | 0.88 | 1.87 | 5.35 |