Madison Mid Cap Fund Manager Performance Evaluation

MERAX Fund  USD 13.89  -0.12  -0.86%   
The fund has a Beta (Market Sensitivity) of -0.17, which means very low measured sensitivity to broad market movements. As returns on the market increase, returns on MADISON MID tend to move in the opposite direction, though by a smaller magnitude. During a bear market, however, MADISON MID is likely to outperform the market.
Risk-Adjusted Performance
Weak
 
Weak
 
Strong
Madison Mid Cap has delivered negative risk-adjusted returns across the last 90 days, suggesting that volatility was not compensated by return. The result matters because weak risk-adjusted return can persist even when isolated price moves briefly look constructive. Despite latest weak performance, the fund's basic indicators remain strong and the current disturbance on Wall Street may also be a sign of long term gains for the fund's investors. Learn More
Expense Ratio Date28th of February 2026
Expense Ratio1.1500
  

Relative Risk vs. Return Landscape

If you had invested $ 1,493 in Madison Mid Cap on December 22, 2025 and sold it today you would have lost $ 104.00 from holding Madison Mid Cap or given up 6.97% of portfolio value over 90 days. Madison Mid Cap is currently producing negative expected returns and carries 0.8646% volatility of returns over 90 trading days. Put another way, 7% of traded mutual funds are less volatile than MADISON, and 99% of all traded equity instruments are likely to generate higher returns over the next 90 trading days.
  Expected Return   
       Risk  
This relative risk-return summary reviews how the instrument behaves against its benchmark. It highlights whether the current reward profile compensates for the level of uncertainty assumed. Assuming a 90-day horizon MADISON MID is expected to under-perform the market. In addition to that, the fund is 1.06 times more volatile than its market benchmark. It trades about -0.13 of its total potential returns per unit of risk. The Dow Jones Industrial is currently generating roughly -0.11 per unit of volatility.

Target Price Odds to finish over Current Price

The tendency of MADISON Mutual Fund price to converge on an average value over time is a well-known pattern in finance. Despite this pattern, historical data suggests that some funds remain persistently mispriced until markets correct.
Current PriceHorizonTarget PriceOdds moving above the current price in 90 days
13.89 90 days 13.89
close to 99
Based on a normal probability distribution, the odds of MADISON MID moving above the current price in 90 days from now are close to 99 . The calculation reflects the observed volatility and distributional characteristics of this fund. (This Madison Mid Cap probability density function shows the probability of MADISON Mutual Fund falling within a particular price range over 90 days). Wider distributions indicate higher uncertainty about where MADISON Mutual Fund will trade after 90 days.
Assuming a 90-day horizon Madison Mid Cap has a beta of -0.17. This indicates that as returns on the benchmark increase, returns on MADISON MID tend to move in the opposite direction, though by a smaller magnitude. During a bear market, however, Madison Mid Cap is likely to outperform the market. Additionally, Madison Mid Cap has a negative alpha, implying that the risk taken by holding this instrument is not justified. The fund is significantly underperforming the Dow Jones Industrial.
   MADISON MID Price Density   
       Price  

Predictive Modules for MADISON MID

Numerous approaches exist for forecasting the fund market and estimating future values of Madison Mid Cap. Although accurate forecasting remains elusive, the process of modeling scenarios is a valuable part of decision-making.
Experienced market participants anticipate that MADISON MID's price will even out over time. Periods when MADISON MID's deviates significantly from its historical mean may warrant further fundamental analysis.
Hype
Prediction
LowEstimatedHigh
13.0313.8914.75
Details
Intrinsic
Valuation
LowRealHigh
12.1012.9615.28
Details
Analyzing MADISON MID in isolation is insufficient for informed investment decisions. This peer-relative view often uncovers mispricing that single-company analysis would miss.

Primary Risk Indicators

The last 10-20 years have been a volatile period for the mutual fund market, and MADISON MID is no exception. MADISON MID has experienced periods of rapid price declines followed by equally strong recoveries.
α
Alpha over Dow Jones
-0.1389
β
Beta against Dow Jones-0.17
σ
Overall volatility
0.46
Ir
Information ratio -0.0282

Investor Alerts and Insights

Automated alerts tied to MADISON MID help investors stay ahead of material changes in fund conditions. Madison Mid Cap notifications flag important changes in technical indicators, fundamentals, and market conditions.
Madison Mid Cap generated a negative expected return over the last 90 days
The fund maintains 95.58% of its assets in stocks

MADISON MID Fundamentals Growth

MADISON Mutual Fund prices reflect investors' perceptions of MADISON MID's future prospects and financial health. Revenue trajectory, earnings quality, profit margins, and leverage levels shape MADISON Mutual Fund market performance.

Performance Metrics & Calculation Methodology

MADISON MID performance is typically evaluated through NAV-based returns relative to category peers and stated objectives. Risk-adjusted measures provide context for return efficiency across regimes.

Unless otherwise specified, data for Madison Mid Cap is compiled from fund disclosures and market reference feeds and standardized for comparability. Updates may occur throughout the day. Return and risk statistics are calculated from historical price series.

This content is curated and reviewed by:

Ellen Johnson - Member of Macroaxis Editorial Board
Last reviewed on March 21st, 2026