Quantex Fund Correlations

Mutual Funds . USA . 
Fund . Quantex Fund Retail
FLCGX Fund  USD 38.56  0.31  0.81%   
The current 90-days correlation between Quantex Fund Retail and Muirfield Fund Retail is 0.98 (i.e., Almost no diversification). The correlation of Quantex Fund 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.

Quantex Fund Correlation With Market

Very poor diversification

The correlation between Quantex Fund Retail and DJI is 0.82 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Quantex Fund Retail and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Quantex Fund Retail. 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 rate.

Moving together with Quantex Mutual Fund

  0.98SRUAX Spectrum Fund AdviserPairCorr
  0.98SRUIX Spectrum Fund InstitPairCorr
  1.0QNTAX Quantex Fund AdviserPairCorr
  1.0QNTIX Quantex Fund InstituPairCorr
  0.97IFAAX Infrastructure FundPairCorr
  0.97IFAIX Infrastructure FundPairCorr
  0.99BLNIX Balanced Fund InstitPairCorr
  0.99BLNAX Balanced Fund AdviserPairCorr
  0.97FLBDX Total Return BondPairCorr
  0.98FLDOX Dividend OpportunitiesPairCorr
  0.99FLDGX Dynamic GrowthPairCorr
  0.99FLDFX Balanced Fund RetailPairCorr
  0.98FLFGX Global OpportunitiesPairCorr
  0.99FLMIX Muirfield Fund InstiPairCorr
  0.99FLMFX Muirfield Fund RetailPairCorr
  0.99FLMAX Muirfield Fund AdviserPairCorr
  0.97FLRUX Infrastructure FundPairCorr
  0.98FLSPX Spectrum Fund RetailPairCorr
  0.98DVOIX Dividend OpportunitiesPairCorr
  0.98DVOAX Dividend OpportunitiesPairCorr
  0.97BNDAX Total Return BondPairCorr
  0.97BNDIX Total Return BondPairCorr
  0.98GBPAX Global OpportunitiesPairCorr
  0.98GBPIX Global OpportunitiesPairCorr
  0.99DYGIX Dynamic GrowthPairCorr
  0.99DYGAX Dynamic GrowthPairCorr
  0.99CGRGX American Funds GrowthPairCorr
  0.99FPGGX American Funds GrowthPairCorr
  0.99FGPGX American Funds GrowthPairCorr
  0.79MUTHX Franklin Mutual SharesPairCorr
  0.78TESRX Franklin Mutual SharesPairCorr
  0.79FMSHX Franklin Mutual SharesPairCorr
  0.99GWPCX American Funds GrowthPairCorr
  0.99GWPFX American Funds GrowthPairCorr
  0.99GWPAX American Funds GrowthPairCorr
  0.99CGQGX American Funds GrowthPairCorr
  0.87HUMDX Huber Capital MidPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Quantex Mutual Fund performing well and Quantex Fund 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 Quantex Fund'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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2025 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY