Extended Market Correlations

USMIX Fund

USD 21.82 0.13 0.59%

The current 90-days correlation between Extended Market Index and Mh Elite Fund is -0.1 (i.e., Good diversification). The correlation of Extended Market 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.

Extended Market Correlation With Market

Poor diversification

The correlation between Extended Market Index and DJI is 0.7 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Extended Market Index and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Extended Market Index. 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 gross domestic product.

Moving together with Extended Mutual Fund

0.61	SSGSX	Victory Sycamore Small	Pair Corr
0.83	MMECX	Victory Integrity	Pair Corr
0.66	MMEAX	Victory Integrity	Pair Corr
0.68	RSDGX	Victory Rs Select	Pair Corr
0.81	RSIGX	Victory Rs International	Pair Corr
0.74	RSPYX	Victory Rs Partners	Pair Corr
0.69	RSSYX	Victory Rs Select	Pair Corr
0.75	RSVYX	Victory Rs Value	Pair Corr
0.8	RSYEX	Victory Rs Small	Pair Corr
0.65	VSCVX	Victory Integrity Small	Pair Corr
0.8	VSVIX	Victory Integrity Small	Pair Corr
0.7	RVACX	Victory Rs Value	Pair Corr
0.63	MAIMX	Victory Integrity Mid	Pair Corr
0.73	URFRX	Target Retirement 2040	Pair Corr
0.75	URFFX	Target Retirement 2050	Pair Corr
0.65	URINX	Target Retirement Income	Pair Corr
0.71	URTRX	Target Retirement 2030	Pair Corr

Related Correlations Analysis

	MHEFX	SMPIX	STARX	PRNHX	LANIX	PATFX	URNQX
MHEFX		0.65	0.8	0.66	0.81	0.33	0.73	MHEFX
SMPIX	0.65		0.66	0.67	0.82	0.63	0.93	SMPIX
STARX	0.8	0.66		0.91	0.93	0.19	0.82	STARX
PRNHX	0.66	0.67	0.91		0.86	0.32	0.79	PRNHX
LANIX	0.81	0.82	0.93	0.86		0.46	0.93	LANIX
PATFX	0.33	0.63	0.19	0.32	0.46		0.58	PATFX
URNQX	0.73	0.93	0.82	0.79	0.93	0.58		URNQX
	MHEFX	SMPIX	STARX	PRNHX	LANIX	PATFX	URNQX

Risk-Adjusted Indicators

There is a big difference between Extended Mutual Fund performing well and Extended Market 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 Extended Market'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
MHEFX	0.52	0.06	0.00	1.11	0.80	(0.54)	1.10	(1.17)	3.50
SMPIX	2.36	0.00	0.02	0.07	3.36	(2.30)	4.70	(5.51)	12.43
STARX	0.36	(0.01)	(0.07)	0.04	0.52	(0.36)	0.78	(0.85)	2.18
PRNHX	0.88	(0.02)	0.00	0.05	1.19	(0.91)	1.80	(2.02)	5.73
LANIX	0.51	(0.02)	(0.03)	0.05	0.81	(0.47)	1.01	(1.21)	3.01
PATFX	0.10	0.01	(0.38)	(0.80)	0.00	(0.14)	0.27	(0.18)	0.72
URNQX	0.83	(0.04)	(0.02)	0.03	1.43	(0.78)	1.82	(2.07)	4.69

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC

Extended Market Correlations

Extended Market Correlation With Market

Poor diversification

Moving together with Extended Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY