Quantex Fund Correlations

Mutual Funds . USA . 
Fund . Quantex Fund Adviser
QNTAX Fund  USD 38.86  0.61  1.59%   
The current 90-days correlation between Quantex Fund Adviser and Quantex Fund Institutional is 1.0 (i.e., No risk reduction). The correlation of Quantex Fund 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.

Quantex Fund Correlation With Market

Very good diversification

The correlation between Quantex Fund Adviser and DJI is -0.29 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Quantex Fund Adviser and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Quantex Fund Adviser. 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 nation.

Moving together with Quantex Mutual Fund

  0.99SRUAX Spectrum Fund AdviserPairCorr
  0.99SRUIX Spectrum Fund InstitPairCorr
  1.0QNTIX Quantex Fund InstituPairCorr
  0.98IFAAX Infrastructure FundPairCorr
  0.98IFAIX Infrastructure FundPairCorr
  0.99BLNIX Balanced Fund InstitPairCorr
  0.99BLNAX Balanced Fund AdviserPairCorr
  0.98FLBDX Total Return BondPairCorr
  0.75FLCGX Quantex Fund RetailPairCorr
  0.75FLDGX Dynamic GrowthPairCorr
  0.74FLDFX Balanced Fund RetailPairCorr
  0.97FLFGX Global OpportunitiesPairCorr
  0.75FLMFX Muirfield Fund RetailPairCorr
  1.0FLMAX Muirfield Fund AdviserPairCorr
  0.71FLRUX Infrastructure FundPairCorr
  0.99FLSPX Spectrum Fund RetailPairCorr
  0.99DVOIX Dividend OpportunitiesPairCorr
  0.99DVOAX Dividend OpportunitiesPairCorr
  0.98BNDAX Total Return BondPairCorr
  0.98BNDIX Total Return BondPairCorr
  0.99CGRGX American Funds GrowthPairCorr
  0.99FPGGX American Funds GrowthPairCorr
  0.99FGPGX American Funds GrowthPairCorr
  0.8MUTHX Franklin Mutual SharesPairCorr
  0.79TESRX Franklin Mutual SharesPairCorr
  0.8FMSHX Franklin Mutual SharesPairCorr
  0.99GWPCX American Funds GrowthPairCorr
  0.99GWPFX American Funds GrowthPairCorr
  0.99GWPAX American Funds GrowthPairCorr
  0.99CGQGX American Funds GrowthPairCorr
  1.0VSTSX Vanguard Total StockPairCorr
  1.0VSMPX Vanguard Total StockPairCorr
  1.0VITSX Vanguard Total StockPairCorr
  1.0VFFSX Vanguard 500 IndexPairCorr
  0.75VFIAX Vanguard 500 IndexPairCorr
  0.96VTISX Vanguard Total InterPairCorr
  0.72VTSNX Vanguard Total InterPairCorr
  0.96VTPSX Vanguard Total InterPairCorr
  0.75VINIX Vanguard InstitutionalPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Quantex Mutual Fund performing well and Quantex Fund 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 Quantex Fund'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.

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