Technology Munications Correlations

STPCX Fund

USD 14.72 0.06 0.41%

The current 90-days correlation between Technology Munications and Forum Real Estate is 0.3 (i.e., Weak 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

Poor diversification

The correlation between Technology Munications Portfol and DJI is 0.79 (i.e., 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

0.63	DYSL	Dynasil Of	Pair Corr
0.82	DIDIY	Didi Global ADR	Pair Corr
0.83	WEBB	Web Global Holdings	Pair Corr
0.65	WGNR	Wegener	Pair Corr
0.73	CETXP	Cemtrex Pref	Pair Corr
0.63	WSTL	Westell Technologies	Pair Corr
0.71	DBD	Diebold Nixdorf,	Pair Corr
0.66	GVP	GSE Systems Earnings Call This Week	Pair Corr

Moving against Technology Mutual Fund

0.78	DLPX	Delphax Technologies	Pair Corr
0.77	DZSI	DZS Inc	Pair Corr
0.77	VVPR	VivoPower International	Pair Corr
0.76	VHAI	VHAI	Pair Corr
0.76	ELCO	Elcom International	Pair Corr
0.71	DMAN	Innovativ Media Group	Pair Corr
0.65	XELAP	Exela Technologies	Pair Corr
0.46	WBTN	WEBTOON Entertainment	Pair Corr
0.82	VLD	Velo3D Inc Tech Boost	Pair Corr
0.76	EVOL	Evolving Systems	Pair Corr
0.72	SBIGW	SpringBig Holdings	Pair Corr
0.36	WRNT	Warrantee American	Pair Corr
0.83	GETR	Getaround Financial Report 20th of December 2024	Pair Corr
0.8	ZPTA	Zapata Computing Holdings Symbol Change	Pair Corr
0.75	ZPTAW	Zapata Computing Holdings	Pair Corr
0.58	SURGW	SurgePays Warrant	Pair Corr
0.4	GTLL	Global Techs	Pair Corr

Related Correlations Analysis

	FORFX	GURPX	FIKMX	PNDIX	MSURX	RRRZX	HTMIX	MUSDX
FORFX		0.74	0.74	0.94	0.84	0.71	0.79	0.84	FORFX
GURPX	0.74		0.96	0.61	0.91	0.99	0.95	0.9	GURPX
FIKMX	0.74	0.96		0.6	0.88	0.97	0.93	0.87	FIKMX
PNDIX	0.94	0.61	0.6		0.82	0.57	0.72	0.83	PNDIX
MSURX	0.84	0.91	0.88	0.82		0.9	0.98	1.0	MSURX
RRRZX	0.71	0.99	0.97	0.57	0.9		0.95	0.89	RRRZX
HTMIX	0.79	0.95	0.93	0.72	0.98	0.95		0.98	HTMIX
MUSDX	0.84	0.9	0.87	0.83	1.0	0.89	0.98		MUSDX
	FORFX	GURPX	FIKMX	PNDIX	MSURX	RRRZX	HTMIX	MUSDX

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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
FORFX	0.07	0.02	0.00	0.64	0.00	0.00	0.11	0.00	1.03
GURPX	0.58	0.06	(0.09)	0.47	0.56	(0.68)	1.28	(0.95)	3.33
FIKMX	0.21	0.04	(0.40)	4.07	0.10	(0.25)	0.49	(0.41)	1.40
PNDIX	0.04	0.02	0.00	(1.55)	0.00	0.00	0.10	0.00	0.10
MSURX	0.51	0.08	(0.05)	0.50	0.34	(0.71)	1.16	(0.83)	3.64
RRRZX	0.67	0.09	(0.08)	3.36	0.73	(0.71)	1.38	(1.14)	4.00
HTMIX	0.50	0.05	(0.11)	0.40	0.39	(0.67)	1.20	(0.78)	3.74
MUSDX	0.52	0.09	(0.05)	0.53	0.35	(0.75)	1.15	(0.75)	3.49

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