Technology Munications Correlations

STPCX Fund

USD 12.61 0.01 0.08%

The current 90-days correlation between Technology Munications and Yuanbao American Depositary is 0.08 (i.e., Significant diversification). The correlation of Technology Munications 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.

Technology Munications Correlation With Market

Very poor diversification

The correlation between Technology Munications Portfol 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 Technology Munications Portfol 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 Technology Munications Portfolio. 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 Technology Mutual Fund

0.71	VVPR	VivoPower International Tech Boost	Pair Corr
0.95	DBD	Diebold Nixdorf,	Pair Corr
0.62	GENVR	Gen Digital Contingent	Pair Corr
0.65	CYCUW	Cycurion, Warrant Symbol Change	Pair Corr
0.77	BULLW	Webull Warrants Trending	Pair Corr
0.74	MIND	Mind Technology	Pair Corr
0.92	HPE-PC	Hewlett Packard Ente	Pair Corr
0.91	CORZZ	Core Scientific, Tranche	Pair Corr
0.73	RZLVW	Rezolve AI Limited	Pair Corr
0.84	SATX	SatixFy Communications	Pair Corr
0.9	STRF	MicroStrategy Incorporated	Pair Corr
0.98	SABAX	Salient Alternative Beta	Pair Corr
0.98	SABIX	Aggressive Balanced	Pair Corr
0.98	SABCX	Salient Alternative Beta	Pair Corr

Moving against Technology Mutual Fund

0.84	VSTE	Vast Renewables	Pair Corr
0.8	VISL	Vislink Technologies	Pair Corr
0.65	APCXW	AppTech Payments Corp	Pair Corr
0.59	EXOD	Exodus Movement, Tech Boost	Pair Corr
0.36	VBIX	Viewbix Common Stock	Pair Corr
0.36	DVLT	Datavault AI Symbol Change	Pair Corr
0.9	SMTK	SmartKem, Common Stock	Pair Corr
0.86	HPAIW	Helport AI Limited	Pair Corr
0.85	NOVA	Sunnova Energy Inter	Pair Corr
0.73	APCX	Apptech Corp	Pair Corr
0.51	ODYS	Odysightai Common Stock	Pair Corr
0.46	AXIL	AXIL Brands, Trending	Pair Corr
0.43	SLNHP	Soluna Holdings Preferred	Pair Corr

Related Correlations Analysis

	YB	VBIX	DVLT	VVPR	EXOD	SABAX	SABIX	SABCX	SAMAX	SAMCX
YB		-0.17	-0.54	-0.19	-0.04	0.0	0.0	0.0	0.0	0.0	YB
VBIX	-0.17		0.32	0.08	0.27	-0.36	-0.36	-0.36	-0.37	-0.38	VBIX
DVLT	-0.54	0.32		0.0	0.03	-0.3	-0.3	-0.29	-0.3	-0.32	DVLT
VVPR	-0.19	0.08	0.0		-0.44	0.7	0.7	0.7	0.69	0.69	VVPR
EXOD	-0.04	0.27	0.03	-0.44		-0.6	-0.6	-0.59	-0.6	-0.57	EXOD
SABAX	0.0	-0.36	-0.3	0.7	-0.6		1.0	1.0	1.0	0.99	SABAX
SABIX	0.0	-0.36	-0.3	0.7	-0.6	1.0		1.0	1.0	0.99	SABIX
SABCX	0.0	-0.36	-0.29	0.7	-0.59	1.0	1.0		1.0	0.99	SABCX
SAMAX	0.0	-0.37	-0.3	0.69	-0.6	1.0	1.0	1.0		0.99	SAMAX
SAMCX	0.0	-0.38	-0.32	0.69	-0.57	0.99	0.99	0.99	0.99		SAMCX
	YB	VBIX	DVLT	VVPR	EXOD	SABAX	SABIX	SABCX	SAMAX	SAMCX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

SABIX	+ 1.0	SABAX
SABCX	+ 1.0	SABAX
SAMAX	+ 1.0	SABAX
SABCX	+ 1.0	SABIX
SAMAX	+ 1.0	SABIX
SAMAX	+ 1.0	SABCX

High negative correlations

SAMAX	- 0.6	EXOD
SABIX	- 0.6	EXOD
SABAX	- 0.6	EXOD
SABCX	- 0.59	EXOD
SAMCX	- 0.57	EXOD
DVLT	- 0.54	YB

Risk-Adjusted Indicators

There is a big difference between Technology Mutual Fund performing well and Technology Munications 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 Technology Munications' 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
YB	3.76	1.07	0.27	4.66	3.01	(4.85)	14.01	(6.02)	27.13
VBIX	7.96	(0.07)	0.00	0.09	12.24	(8.38)	14.34	(20.18)	88.20
DVLT	5.15	(0.01)	0.00	0.12	5.83	(6.44)	12.33	(9.89)	33.36
VVPR	7.94	1.85	0.18	(19.07)	8.43	(9.98)	22.54	(11.48)	62.08
EXOD	6.56	0.03	0.00	0.18	8.48	(6.66)	16.85	(10.55)	43.33
SABAX	0.47	0.20	0.09	(1.85)	0.23	(0.58)	1.44	(0.99)	3.39
SABIX	0.47	0.20	0.09	(1.96)	0.21	(0.59)	1.43	(0.98)	3.37
SABCX	0.47	0.20	0.09	(1.85)	0.27	(0.58)	1.45	(1.00)	3.42
SAMAX	0.43	0.18	0.06	(2.01)	0.22	(0.52)	1.35	(0.90)	3.12
SAMCX	0.42	0.09	0.05	0.28	0.20	(0.51)	1.28	(0.91)	3.08

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