Upright Assets Correlations

UPAAX Fund

USD 15.30 0.06 0.39%

The current 90-days correlation between Upright Assets Allocation and Morningstar Unconstrained Allocation is -0.16 (i.e., Good diversification). The correlation of Upright Assets 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.

Upright Assets Correlation With Market

Very poor diversification

The correlation between Upright Assets Allocation 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 Upright Assets Allocation 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 Upright Assets Allocation. 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 nation.

Moving together with Upright Mutual Fund

0.73	UPDDX	Upright Growth Income	Pair Corr
1.0	UPUPX	Upright Growth	Pair Corr
0.65	PALPX	Pimco All Asset	Pair Corr
0.65	PASCX	All Asset Fund	Pair Corr
0.73	PAANX	Pimco All Asset	Pair Corr
0.71	PAUIX	Pimco All Asset	Pair Corr
0.64	GAAKX	Gmo Alternative Allo	Pair Corr
0.63	GAAGX	Gmo Alternative Allo	Pair Corr
0.95	DOMOX	Domini Impact Intern	Pair Corr
0.99	GGSCX	Goldman Sachs Growth	Pair Corr
0.99	MRLSX	Amg Renaissance Large	Pair Corr
0.97	LVOPX	Lord Abbett Value	Pair Corr
0.91	RAPIX	Cohen Steers Real	Pair Corr
0.98	WHGQX	Westwood Quality Value	Pair Corr
0.72	NEA	Nuveen Amt Free	Pair Corr
0.95	UBVFX	Undiscovered Managers	Pair Corr
0.99	PNSCX	Putnam Small Cap	Pair Corr
1.0	CHRSX	Invesco Charter	Pair Corr
0.95	PGIRX	Polen Global Growth	Pair Corr
0.99	JLDEX	Retirement Living Through	Pair Corr
0.79	CPBFX	Invesco E Plus	Pair Corr
1.0	DREQX	Dreyfus Research Growth	Pair Corr
0.98	PPQPX	Midcap Growth	Pair Corr
0.73	BDBPX	Ishares Russell 2000	Pair Corr
0.75	VFINX	Vanguard 500 Index	Pair Corr
1.0	FNSFX	Fidelity Freedom 2060	Pair Corr
0.99	MRMLX	Massmutual Retiresmart	Pair Corr
0.99	DGTSX	Global Allocation 2575	Pair Corr
0.95	MSTIX	Mainstay Tax Advantaged	Pair Corr
0.99	SCRSX	Small Cap Core	Pair Corr
0.99	AULGX	Ultra Fund R5	Pair Corr
0.98	UIVMX	Mfs Intrinsic Value	Pair Corr

Moving against Upright Mutual Fund

0.37

GPMFX

Guidepath Managed Futures

Pair Corr

Related Correlations Analysis

	MSTSX	CMACX	GMCQX	JAAIX	RHSAX	LSAAX	LSAIX	WMFFX	TAAKX
MSTSX		1.0	1.0	0.98	0.99	0.73	0.73	0.99	0.75	MSTSX
CMACX	1.0		1.0	0.98	1.0	0.69	0.69	0.99	0.75	CMACX
GMCQX	1.0	1.0		0.98	0.99	0.71	0.71	0.99	0.74	GMCQX
JAAIX	0.98	0.98	0.98		0.98	0.72	0.72	0.99	0.72	JAAIX
RHSAX	0.99	1.0	0.99	0.98		0.69	0.69	0.99	0.74	RHSAX
LSAAX	0.73	0.69	0.71	0.72	0.69		1.0	0.73	0.48	LSAAX
LSAIX	0.73	0.69	0.71	0.72	0.69	1.0		0.73	0.48	LSAIX
WMFFX	0.99	0.99	0.99	0.99	0.99	0.73	0.73		0.73	WMFFX
TAAKX	0.75	0.75	0.74	0.72	0.74	0.48	0.48	0.73		TAAKX
	MSTSX	CMACX	GMCQX	JAAIX	RHSAX	LSAAX	LSAIX	WMFFX	TAAKX

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Risk-Adjusted Indicators

There is a big difference between Upright Mutual Fund performing well and Upright Assets 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 Upright Assets' 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
MSTSX	0.47	0.22	0.12	(2.22)	0.12	(0.58)	1.45	(0.88)	3.51
CMACX	0.36	0.17	0.07	(2.83)	0.00	(0.45)	1.22	(0.61)	2.71
GMCQX	0.61	0.32	0.29	(3.62)	0.00	(0.78)	1.80	(0.75)	4.77
JAAIX	0.12	0.07	(0.41)	(2.88)	0.00	(0.18)	0.37	(0.18)	0.89
RHSAX	0.91	0.44	0.33	(47.77)	0.18	(1.20)	3.06	(1.01)	5.95
LSAAX	0.31	0.12	(0.02)	(18.68)	0.00	(0.42)	0.75	(0.54)	2.49
LSAIX	0.30	0.00	(0.02)	0.00	0.00	(0.40)	0.64	(0.53)	2.50
WMFFX	0.50	0.26	0.22	(3.99)	0.00	(0.67)	1.56	(0.71)	3.88
TAAKX	0.58	0.14	0.13	0.31	0.36	(0.72)	1.77	(1.19)	3.95

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