Mid Cap Correlations

MACGX Fund

USD 16.71 0.30 1.83%

The current 90-days correlation between Mid Cap Growth and Rmb Mendon Financial is -0.18 (i.e., Good diversification). The correlation of Mid Cap 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.

Mid Cap Correlation With Market

Significant diversification

The correlation between Mid Cap Growth and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mid Cap Growth and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Mid Cap Growth. 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 Mid Mutual Fund

0.79	MLNSX	Global Centrated Por	Pair Corr
0.81	MLNCX	Global Centrated Por	Pair Corr
0.82	MLNAX	Global Centrated Por	Pair Corr
0.79	MLNIX	Global Centrated Por	Pair Corr
0.94	MMCGX	Mid Cap Growth	Pair Corr
0.86	MNOPX	International Opportunity	Pair Corr
0.75	MPAIX	Advantage Portfolio Class	Pair Corr
0.94	MPEGX	Mid Cap Growth	Pair Corr
0.86	MRNPX	Msif International	Pair Corr
0.81	MADSX	Msif Advantage Port	Pair Corr
0.76	MSBQX	Morgan Stanley Insti	Pair Corr
0.76	MSBWX	Morgan Stanley Insti	Pair Corr
0.89	MSAQX	Asia Opportunity Por	Pair Corr
0.89	MSAWX	Asia Opportunity Por	Pair Corr
0.9	MSAUX	Asia Opportunity Por	Pair Corr
0.9	MSAYX	Asia Opportunity Por	Pair Corr

Moving against Mid Mutual Fund

0.84	DINDX	Global Fixed Income	Pair Corr
0.42	DINCX	Global Fixed Income	Pair Corr
0.49	MSDMX	Morgan Stanley Insti	Pair Corr
0.43	MSDQX	Morgan Stanley Susta	Pair Corr
0.42	MSDOX	Morgan Stanley Insti	Pair Corr

Related Correlations Analysis

	RMBLX	BTO	DVFYX	GCFSX	MSVIX	MFHIX	DFFCX	IAAEX
RMBLX		0.49	0.77	0.69	0.62	0.38	0.65	0.41	RMBLX
BTO	0.49		0.19	0.14	0.64	0.86	0.23	0.7	BTO
DVFYX	0.77	0.19		0.81	0.46	0.25	0.82	0.23	DVFYX
GCFSX	0.69	0.14	0.81		0.3	0.24	0.93	0.31	GCFSX
MSVIX	0.62	0.64	0.46	0.3		0.6	0.35	0.72	MSVIX
MFHIX	0.38	0.86	0.25	0.24	0.6		0.34	0.74	MFHIX
DFFCX	0.65	0.23	0.82	0.93	0.35	0.34		0.37	DFFCX
IAAEX	0.41	0.7	0.23	0.31	0.72	0.74	0.37		IAAEX
	RMBLX	BTO	DVFYX	GCFSX	MSVIX	MFHIX	DFFCX	IAAEX

Risk-Adjusted Indicators

There is a big difference between Mid Mutual Fund performing well and Mid Cap 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 Mid Cap'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
RMBLX	0.97	(0.02)	(0.01)	0.06	1.27	(1.07)	2.70	(1.59)	7.69
BTO	1.01	(0.18)	0.00	(0.09)	0.00	0.00	1.61	(2.33)	7.10
DVFYX	0.63	(0.03)	(0.03)	0.05	0.87	(0.66)	1.41	(1.37)	3.98
GCFSX	0.54	0.03	(0.05)	0.31	0.64	(0.60)	1.15	(1.04)	3.52
MSVIX	0.87	(0.06)	(0.04)	0.03	1.03	(0.98)	1.72	(1.56)	5.04
MFHIX	0.14	(0.03)	0.00	(0.11)	0.00	0.00	0.25	(0.36)	0.86
DFFCX	0.62	0.01	(0.06)	0.13	0.88	(0.67)	1.38	(1.39)	3.95
IAAEX	0.65	(0.03)	0.00	(0.08)	0.00	0.00	1.15	(1.16)	4.01

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