Marsico Focus Correlations

MFOCX Fund

USD 33.54 0.13 0.39%

The current 90-days correlation between Marsico Focus and Ave Maria Rising is 0.26 (i.e., Modest diversification). The correlation of Marsico Focus 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.

Marsico Focus Correlation With Market

Good diversification

The correlation between Marsico Focus Fund and DJI is -0.18 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Marsico Focus Fund 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 Marsico Focus Fund. 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 services.

Moving together with Marsico Mutual Fund

0.69	MGRIX	Marsico Growth	Pair Corr
0.61	MIGWX	Marsico Growth	Pair Corr
0.84	FAFGX	American Funds	Pair Corr
0.84	FFAFX	American Funds	Pair Corr
0.67	GFACX	Growth Fund	Pair Corr
0.67	GFAFX	Growth Fund	Pair Corr
0.67	AGTHX	Growth Fund	Pair Corr
0.67	CGFFX	Growth Fund	Pair Corr
0.65	CGFCX	Growth Fund	Pair Corr
0.67	CGFAX	Growth Fund	Pair Corr
0.67	CGFEX	Growth Fund	Pair Corr
0.84	RGAEX	Growth Fund	Pair Corr
0.66	VTSAX	Vanguard Total Stock	Pair Corr
0.68	VFIAX	Vanguard 500 Index	Pair Corr
0.66	VTSMX	Vanguard Total Stock	Pair Corr
0.66	VSMPX	Vanguard Total Stock	Pair Corr
0.66	VSTSX	Vanguard Total Stock	Pair Corr
0.66	VITSX	Vanguard Total Stock	Pair Corr
0.68	VFINX	Vanguard 500 Index	Pair Corr
0.67	VFFSX	Vanguard 500 Index	Pair Corr
0.61	VGTSX	Vanguard Total Inter	Pair Corr
0.61	VTIAX	Vanguard Total Inter	Pair Corr
0.83	FDGRX	Fidelity Growth Pany	Pair Corr
0.61	FCTRX	Nuveen Necticut Municipal	Pair Corr
0.66	LPDAX	Blackrock Lifepath	Pair Corr
0.64	GMMPX	Goldman Sachs Multi	Pair Corr

Related Correlations Analysis

	AVEDX	NOITX	GSSQX	HSPCX	NEAIX	AVEGX	ARSIX	LYRBX	GASFX
AVEDX		-0.79	-0.71	-0.75	-0.71	0.62	0.59	-0.01	-0.54	AVEDX
NOITX	-0.79		0.93	0.94	0.79	-0.44	-0.2	0.46	0.66	NOITX
GSSQX	-0.71	0.93		0.98	0.78	-0.21	-0.06	0.58	0.57	GSSQX
HSPCX	-0.75	0.94	0.98		0.81	-0.27	-0.11	0.56	0.63	HSPCX
NEAIX	-0.71	0.79	0.78	0.81		-0.25	-0.13	0.47	0.62	NEAIX
AVEGX	0.62	-0.44	-0.21	-0.27	-0.25		0.7	0.38	-0.31	AVEGX
ARSIX	0.59	-0.2	-0.06	-0.11	-0.13	0.7		0.67	-0.24	ARSIX
LYRBX	-0.01	0.46	0.58	0.56	0.47	0.38	0.67		0.31	LYRBX
GASFX	-0.54	0.66	0.57	0.63	0.62	-0.31	-0.24	0.31		GASFX
	AVEDX	NOITX	GSSQX	HSPCX	NEAIX	AVEGX	ARSIX	LYRBX	GASFX

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

HSPCX	+ 0.98	GSSQX
HSPCX	+ 0.94	NOITX
GSSQX	+ 0.93	NOITX
NEAIX	+ 0.81	HSPCX
NEAIX	+ 0.79	NOITX
NEAIX	+ 0.78	GSSQX

High negative correlations

NOITX	- 0.79	AVEDX
HSPCX	- 0.75	AVEDX
NEAIX	- 0.71	AVEDX
GSSQX	- 0.71	AVEDX
GASFX	- 0.54	AVEDX
AVEGX	- 0.44	NOITX

Risk-Adjusted Indicators

There is a big difference between Marsico Mutual Fund performing well and Marsico Focus 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 Marsico Focus' 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
AVEDX	0.51	(0.07)	0.00	0.63	0.00	0.00	1.15	(1.10)	3.01
NOITX	0.09	0.03	(0.71)	(1.46)	0.00	(0.15)	0.21	(0.10)	0.61
GSSQX	0.47	0.04	0.04	0.17	0.43	(0.56)	1.18	(0.65)	4.13
HSPCX	1.07	0.10	0.12	0.18	1.14	(1.15)	3.13	(2.02)	7.85
NEAIX	1.07	0.05	0.09	0.15	1.01	(1.27)	2.61	(1.82)	6.60
AVEGX	0.57	(0.13)	0.00	(0.01)	0.00	0.00	1.15	(1.09)	4.44
ARSIX	0.66	(0.14)	(0.16)	(0.01)	0.71	(0.89)	1.86	(1.19)	5.11
LYRBX	0.64	(0.09)	(0.08)	0.04	0.80	(0.69)	1.45	(0.95)	5.61
GASFX	0.51	(0.02)	(0.16)	0.02	0.63	(0.54)	1.02	(1.14)	2.74

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