Overseas Portfolio Correlations
| JAIGX Fund | USD 44.96 0.38 0.85% |
The current 90-days correlation between Overseas Portfolio and Science Technology Fund is 0.12 (i.e., Average diversification). The correlation of Overseas Portfolio 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.
Overseas |
Moving together with Overseas Mutual Fund
| 0.74 | VGTSX | Vanguard Total Inter | PairCorr |
| 0.74 | VTIAX | Vanguard Total Inter | PairCorr |
| 0.74 | VTSNX | Vanguard Total Inter | PairCorr |
| 0.74 | VTPSX | Vanguard Total Inter | PairCorr |
| 0.74 | VTISX | Vanguard Total Inter | PairCorr |
| 0.64 | NXJ | Nuveen New Jersey | PairCorr |
| 0.64 | PFE | Pfizer Inc Aggressive Push | PairCorr |
| 0.67 | MCD | McDonalds Fiscal Year End 3rd of February 2025 | PairCorr |
Moving against Overseas Mutual Fund
| 0.42 | XPPRX | Voya Prime Rate | PairCorr |
| 0.54 | BAC | Bank of America Aggressive Push | PairCorr |
| 0.54 | DIS | Walt Disney Sell-off Trend | PairCorr |
| 0.42 | CVX | Chevron Corp Sell-off Trend | PairCorr |
| 0.41 | WMT | Walmart Aggressive Push | PairCorr |
| 0.33 | TRV | The Travelers Companies Fiscal Year End 17th of January 2025 | PairCorr |
Related Correlations Analysis
| -0.09 | 0.95 | 0.98 | 0.97 | 0.98 | USTCX | ||
| -0.09 | -0.07 | -0.19 | -0.14 | -0.17 | BIPIX | ||
| 0.95 | -0.07 | 0.95 | 0.94 | 0.93 | TEFQX | ||
| 0.98 | -0.19 | 0.95 | 0.99 | 0.99 | DTEYX | ||
| 0.97 | -0.14 | 0.94 | 0.99 | 0.99 | BSTSX | ||
| 0.98 | -0.17 | 0.93 | 0.99 | 0.99 | DRGTX | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Overseas Mutual Fund performing well and Overseas Portfolio 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 Overseas Portfolio'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| USTCX | 0.89 | 0.05 | 0.04 | 0.18 | 1.22 | 2.39 | 6.28 | |||
| BIPIX | 1.49 | (0.24) | 0.00 | (0.01) | 0.00 | 3.10 | 11.89 | |||
| TEFQX | 1.12 | (0.02) | 0.02 | 0.11 | 1.65 | 2.40 | 6.95 | |||
| DTEYX | 0.89 | 0.03 | 0.02 | 0.16 | 1.23 | 1.88 | 5.99 | |||
| BSTSX | 0.98 | 0.01 | 0.01 | 0.13 | 1.47 | 1.88 | 6.75 | |||
| DRGTX | 0.94 | 0.02 | 0.02 | 0.14 | 1.47 | 1.80 | 6.64 |