Mid-cap Value Correlations

MLPSX Fund

USD 90.47 0.30 0.33%

The current 90-days correlation between Mid Cap Value and Intermediate Term Bond Fund is 0.1 (i.e., Average diversification). The correlation of Mid-cap Value 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 Value Correlation With Market

Good diversification

The correlation between Mid Cap Value Profund and DJI is -0.14 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mid Cap Value Profund 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 Value Profund. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as various price indices.

Moving together with Mid-cap Mutual Fund

0.97	VSIIX	Vanguard Small Cap	Pair Corr
0.98	VISVX	Vanguard Small Cap	Pair Corr
0.98	DFSVX	Us Small Cap	Pair Corr
0.97	DFFVX	Us Targeted Value	Pair Corr
0.87	UBVCX	Undiscovered Managers	Pair Corr
0.87	UBVAX	Undiscovered Managers	Pair Corr
0.88	UBVSX	Undiscovered Managers	Pair Corr
0.98	AVFIX	American Beacon Small	Pair Corr
0.9	PVFAX	Paradigm Value	Pair Corr
0.64	XOM	Exxon Mobil Corp	Pair Corr
0.73	HPQ	HP Inc	Pair Corr
0.88	DD	Dupont De Nemours	Pair Corr
0.84	BAC	Bank of America	Pair Corr

Moving against Mid-cap Mutual Fund

0.56	MSFT	Microsoft	Pair Corr
0.48	KO	Coca Cola Earnings Call This Week	Pair Corr

Related Correlations Analysis

	UIITX	FARIX	WDIAX	SMPIX	TRHBX	TIODX
UIITX		0.9	0.83	0.78	0.86	0.98	UIITX
FARIX	0.9		0.91	0.88	0.91	0.88	FARIX
WDIAX	0.83	0.91		0.78	0.98	0.86	WDIAX
SMPIX	0.78	0.88	0.78		0.77	0.74	SMPIX
TRHBX	0.86	0.91	0.98	0.77		0.89	TRHBX
TIODX	0.98	0.88	0.86	0.74	0.89		TIODX
	UIITX	FARIX	WDIAX	SMPIX	TRHBX	TIODX

Risk-Adjusted Indicators

There is a big difference between Mid-cap Mutual Fund performing well and Mid-cap Value 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 Value'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
UIITX	0.19	0.05	(0.02)	(0.56)	0.00	(0.26)	0.44	(0.22)	0.98
FARIX	0.27	0.04	(0.02)	(1.04)	0.22	(0.33)	0.61	(0.41)	2.09
WDIAX	0.41	0.08	0.04	(0.47)	0.37	(0.51)	1.01	(0.70)	3.11
SMPIX	1.81	0.30	0.08	(0.67)	2.48	(1.83)	4.27	(4.47)	14.79
TRHBX	0.87	0.16	0.09	(0.55)	0.88	(1.01)	2.51	(1.35)	6.85
TIODX	0.15	0.03	(0.15)	(0.41)	0.00	(0.20)	0.41	(0.21)	0.73

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