Mh Elite Correlations

MHESX Fund

USD 6.55 0.01 0.15%

The current 90-days correlation between Mh Elite Select and Touchstone International Equity is 0.07 (i.e., Significant diversification). The correlation of Mh Elite 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.

Mh Elite Correlation With Market

Significant diversification

The correlation between Mh Elite Select and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mh Elite Select 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 Mh Elite Select. 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 real.

Moving together with MHESX Mutual Fund

0.93	MHEFX	Mh Elite Fund	Pair Corr
0.75	MHEIX	Mh Elite Income	Pair Corr
0.89	MHELX	Mh Elite Small	Pair Corr
0.79	CIBFX	Capital Income Builder	Pair Corr
0.84	CAIBX	Capital Income Builder	Pair Corr
0.79	CIBCX	Capital Income Builder	Pair Corr
0.79	RIRAX	Capital Income Builder	Pair Corr
0.79	RIREX	Capital Income Builder	Pair Corr
0.79	RIRCX	Capital Income Builder	Pair Corr
0.79	RIRFX	Capital Income Builder	Pair Corr
0.79	CIRCX	Capital Income Builder	Pair Corr
0.79	CIREX	Capital Income Builder	Pair Corr
0.84	RIRBX	Capital Income Builder	Pair Corr
0.78	WHIAX	Ivy High Income	Pair Corr
0.77	IVHIX	Ivy High Income	Pair Corr
0.8	IHIFX	Ivy High Income	Pair Corr
0.69	WRHIX	Ivy High Income	Pair Corr
0.78	WHIYX	Ivy High Income	Pair Corr
0.81	DHTYX	Diamond Hill All	Pair Corr
0.85	DUGCX	Delaware Core Plus	Pair Corr
0.87	FZILX	Fidelity Zero Intern	Pair Corr
0.91	MSSOX	Global Strategist	Pair Corr
0.81	FIDSX	Financial Services	Pair Corr
0.81	IVFIX	Federated International	Pair Corr
0.67	FPURX	Fidelity Puritan	Pair Corr
0.79	TRGLX	T Rowe Price	Pair Corr
0.71	SHMDX	Stone Harbor Emerging	Pair Corr
0.71	MIGHX	Massachusetts Investors	Pair Corr
0.82	ONECX	Jpmorgan Investor Growth	Pair Corr
0.77	WFAIX	Wells Fargo Index	Pair Corr
0.77	OCMGX	Ocm Mutual Fund	Pair Corr
0.84	GGSAX	Goldman Sachs Growth	Pair Corr
0.83	THMGX	Thornburg Investment	Pair Corr
0.78	TWN	Taiwan Closed	Pair Corr
0.84	COFYX	Columbia Trarian Core	Pair Corr

Moving against MHESX Mutual Fund

0.61	ERH	Allspring Utilities And	Pair Corr
0.36	CSJZX	Cohen Steers Realty	Pair Corr
0.35	CSRSX	Cohen Steers Realty	Pair Corr

Related Correlations Analysis

	TOIIX	PAEIX	ARTNX	GSCYX	TRWIX	CIESX	SEHAX
TOIIX		0.89	0.97	0.91	0.96	0.78	0.91	TOIIX
PAEIX	0.89		0.91	0.83	0.93	0.86	0.91	PAEIX
ARTNX	0.97	0.91		0.93	0.97	0.82	0.93	ARTNX
GSCYX	0.91	0.83	0.93		0.89	0.7	0.85	GSCYX
TRWIX	0.96	0.93	0.97	0.89		0.86	0.93	TRWIX
CIESX	0.78	0.86	0.82	0.7	0.86		0.89	CIESX
SEHAX	0.91	0.91	0.93	0.85	0.93	0.89		SEHAX
	TOIIX	PAEIX	ARTNX	GSCYX	TRWIX	CIESX	SEHAX

Risk-Adjusted Indicators

There is a big difference between MHESX Mutual Fund performing well and Mh Elite 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 Mh Elite'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
TOIIX	0.67	0.11	0.10	0.17	0.83	(0.71)	1.33	(1.28)	8.41
PAEIX	0.60	0.04	0.04	0.11	0.73	(0.63)	1.29	(1.27)	2.96
ARTNX	0.61	0.12	0.16	0.18	0.45	(0.68)	1.28	(0.97)	4.97
GSCYX	1.05	0.15	0.14	0.17	0.95	(1.15)	2.01	(1.67)	13.07
TRWIX	0.64	0.13	0.14	0.23	0.60	(0.74)	1.33	(1.14)	4.54
CIESX	0.68	0.15	0.13	0.56	0.55	(0.75)	1.32	(1.07)	5.87
SEHAX	0.62	0.06	0.07	0.13	0.68	(0.64)	1.30	(1.26)	5.90

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