Praxis Genesis Correlations

MBAPX Fund

USD 16.77 0.08 0.47%

The current 90-days correlation between Praxis Genesis Balanced and Clearbridge Energy Mlp is 0.14 (i.e., Average diversification). The correlation of Praxis Genesis 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.

Praxis Genesis Correlation With Market

Average diversification

The correlation between Praxis Genesis Balanced and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Praxis Genesis 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 Praxis Genesis 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 main economic indicators.

Moving together with Praxis Mutual Fund

0.88	MMDEX	Praxis Growth Index	Pair Corr
0.97	MMSCX	Praxis Small Cap	Pair Corr
0.91	MMSIX	Praxis Small Cap	Pair Corr
0.8	MPLAX	Praxis International	Pair Corr
0.71	MPLIX	Praxis International	Pair Corr
0.8	MCONX	Praxis Genesis Servative	Pair Corr
0.76	MVIIX	Praxis Value Index	Pair Corr
0.85	MVIAX	Praxis Value Index	Pair Corr
1.0	MGAFX	Praxis Genesis Growth	Pair Corr
0.77	ABALX	American Balanced	Pair Corr
0.98	BALCX	American Balanced	Pair Corr
0.75	BALFX	American Balanced	Pair Corr
0.94	RLBCX	American Balanced	Pair Corr
0.94	RLBBX	American Balanced	Pair Corr
0.8	CLBAX	American Balanced	Pair Corr
0.94	CLBEX	American Balanced	Pair Corr
0.94	RLBFX	American Balanced	Pair Corr
0.94	MXCCX	Federated Max Cap	Pair Corr
0.93	AADRX	Invesco Growth Allocation	Pair Corr
0.88	COFYX	Columbia Trarian Core	Pair Corr
0.89	VESIX	Vanguard European Stock	Pair Corr
0.75	ATPYX	Aquila Three Peaks	Pair Corr
0.89	SAGCX	Clearbridge Aggressive	Pair Corr
0.71	STIRX	Pioneer Strategic Income	Pair Corr
0.71	FBALX	Fidelity Balanced	Pair Corr
0.95	MBAAX	Global Strategist	Pair Corr

Moving against Praxis Mutual Fund

0.6	FBONX	American Funds American	Pair Corr
0.6	FBAFX	American Funds American	Pair Corr

Related Correlations Analysis

	XEMOX	TMCLX	FRNRX	GRHAX	ALTEX	PSPFX	PNRCX	CAEIX
XEMOX		0.93	0.66	0.42	-0.38	0.43	0.5	-0.15	XEMOX
TMCLX	0.93		0.54	0.41	-0.42	0.32	0.38	-0.25	TMCLX
FRNRX	0.66	0.54		0.86	0.17	0.86	0.89	0.31	FRNRX
GRHAX	0.42	0.41	0.86		0.46	0.78	0.82	0.35	GRHAX
ALTEX	-0.38	-0.42	0.17	0.46		0.27	0.33	0.6	ALTEX
PSPFX	0.43	0.32	0.86	0.78	0.27		0.95	0.37	PSPFX
PNRCX	0.5	0.38	0.89	0.82	0.33	0.95		0.47	PNRCX
CAEIX	-0.15	-0.25	0.31	0.35	0.6	0.37	0.47		CAEIX
	XEMOX	TMCLX	FRNRX	GRHAX	ALTEX	PSPFX	PNRCX	CAEIX

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

PNRCX	+ 0.95	PSPFX
TMCLX	+ 0.93	XEMOX
PNRCX	+ 0.89	FRNRX
GRHAX	+ 0.86	FRNRX
PSPFX	+ 0.86	FRNRX
PNRCX	+ 0.82	GRHAX

High negative correlations

ALTEX	- 0.42	TMCLX
ALTEX	- 0.38	XEMOX
CAEIX	- 0.25	TMCLX
CAEIX	- 0.15	XEMOX

Risk-Adjusted Indicators

There is a big difference between Praxis Mutual Fund performing well and Praxis Genesis 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 Praxis Genesis' 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
XEMOX	0.66	(0.03)	0.00	0.58	0.00	0.00	1.48	(1.72)	3.47
TMCLX	0.60	(0.02)	0.00	0.35	0.00	0.00	1.06	(1.39)	3.11
FRNRX	0.86	0.06	0.01	0.34	1.08	(0.90)	1.60	(1.93)	4.74
GRHAX	1.36	0.12	0.04	0.63	1.79	(1.42)	2.64	(3.38)	7.71
ALTEX	1.83	0.12	0.06	0.13	2.20	(1.89)	4.23	(4.62)	14.65
PSPFX	1.36	0.21	0.13	0.26	1.43	(1.55)	3.28	(3.02)	7.78
PNRCX	1.12	0.10	0.07	0.14	1.45	(1.12)	2.24	(2.62)	6.77
CAEIX	0.75	0.03	0.03	0.09	0.94	(0.76)	1.49	(1.70)	4.41

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