Mairs Power Correlations

MAPOX Fund

USD 113.73 0.64 0.56%

The current 90-days correlation between Mairs Power Balanced and Blackrock Lg Cap is 0.88 (i.e., Very poor diversification). The correlation of Mairs Power 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.

Mairs Power Correlation With Market

Very poor diversification

The correlation between Mairs Power Balanced and DJI is 0.83 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mairs Power Balanced 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 Mairs Power Balanced. 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 metropolitan statistical area.

Moving together with Mairs Mutual Fund

0.62	MPGFX	Mairs Power Growth	Pair Corr
0.66	MSCFX	Mairs Power Small	Pair Corr
0.72	ASG	Liberty All Star	Pair Corr
0.71	NFJ	Virtus Dividend Interest	Pair Corr

Related Correlations Analysis

	MDLVX	STVYX	TMMAX	AFVLX	GGT	EGORX	WFLLX	GWGVX	EKWYX	GWEIX
MDLVX		0.56	0.55	0.65	0.18	0.61	0.71	0.62	0.62	0.89	MDLVX
STVYX	0.56		1.0	0.54	0.45	0.31	0.04	0.64	0.6	0.52	STVYX
TMMAX	0.55	1.0		0.54	0.45	0.3	0.03	0.63	0.6	0.51	TMMAX
AFVLX	0.65	0.54	0.54		0.16	0.82	0.2	0.67	0.4	0.67	AFVLX
GGT	0.18	0.45	0.45	0.16		0.32	-0.36	0.39	0.09	0.13	GGT
EGORX	0.61	0.31	0.3	0.82	0.32		0.15	0.67	0.13	0.68	EGORX
WFLLX	0.71	0.04	0.03	0.2	-0.36	0.15		0.05	0.48	0.54	WFLLX
GWGVX	0.62	0.64	0.63	0.67	0.39	0.67	0.05		0.19	0.83	GWGVX
EKWYX	0.62	0.6	0.6	0.4	0.09	0.13	0.48	0.19		0.41	EKWYX
GWEIX	0.89	0.52	0.51	0.67	0.13	0.68	0.54	0.83	0.41		GWEIX
	MDLVX	STVYX	TMMAX	AFVLX	GGT	EGORX	WFLLX	GWGVX	EKWYX	GWEIX

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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

TMMAX	+ 1.0	STVYX
GWEIX	+ 0.89	MDLVX
GWEIX	+ 0.83	GWGVX
EGORX	+ 0.82	AFVLX
WFLLX	+ 0.71	MDLVX
GWEIX	+ 0.68	EGORX

High negative correlations

WFLLX

- 0.36

GGT

Risk-Adjusted Indicators

There is a big difference between Mairs Mutual Fund performing well and Mairs Power 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 Mairs Power'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
MDLVX	0.50	0.03	0.02	0.10	0.51	(0.57)	1.04	(1.01)	3.51
STVYX	0.38	(0.02)	(0.10)	0.02	0.45	(0.41)	0.88	(0.81)	2.51
TMMAX	0.38	(0.02)	(0.11)	0.02	0.45	(0.42)	0.87	(0.81)	2.46
AFVLX	0.57	0.00	0.00	0.07	0.79	(0.56)	0.98	(1.23)	3.37
GGT	0.74	(0.01)	(0.03)	0.04	0.96	(0.86)	1.46	(1.95)	5.30
EGORX	0.58	(0.03)	(0.03)	0.04	0.88	(0.55)	1.36	(1.41)	3.51
WFLLX	0.37	0.07	0.01	1.30	0.21	(0.62)	0.96	(0.70)	2.56
GWGVX	0.81	(0.05)	(0.04)	0.02	1.03	(0.82)	1.69	(1.34)	4.86
EKWYX	1.86	0.32	0.10	0.47	2.66	(1.87)	4.19	(4.31)	13.57
GWEIX	0.83	(0.02)	0.00	0.05	0.93	(0.93)	1.86	(1.54)	4.61

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