Madison Dividend Income Fund Volatility
| MADAX Fund | USD 25.19 -0.18 -0.71% |
Madison Dividend Income continues to exhibit very low price volatility over the last 3 months. Madison Dividend Income reports a Sharpe ratio of 0.0726, indicating risk-adjusted returns over the last 3 months. The current setup includes 27 technical indicators relevant to risk behavior.
Sharpe Ratio = 0.0726
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | MADAX |
For Madison Dividend Income, recent data highlights a Market Risk Adjusted Performance of 0.03%, a Risk of 0.66, and a Risk Adjusted Performance of 0.03%. Based on monthly moving average positioning, Madison Dividend is operating near 5% of its observed historical performance range. Within a well-diversified portfolio, its contribution would depend on correlation and allocation weight.
Key indicators related to Madison Dividend's volatility include:90 Days Market Risk | Chance Of Distress | 90 Days Economic Sensitivity |
Madison Dividend Mutual Fund volatility depicts how high the prices fluctuate around the mean (or its average) price. In other words, it is a statistical measure of the distribution of Madison daily returns, and it is calculated using variance and standard deviation.
Madison |
Volatility Strategy
Madison Dividend Income price volatility may influence cost basis positioning and portfolio weighting over time. Price retracements and recoveries can alter allocation balance. Current statistical measures show total volatility near 0.66% with a beta coefficient of 0.61, indicating sensitivity relative to the broader market benchmark. Risk-adjusted efficiency, represented by a Sharpe ratio of 0.0726, evaluates return per unit of total risk. An alpha value of 0.0752 reflects performance relative to systematic market exposure. Expected return estimates near 0.0483% are derived from historical distribution modeling and help frame forward-looking return assumptions within a portfolio context. Volatility effects depend on underlying market structure and exposure characteristics.
Main indicators related to Madison Dividend's market risk premium analysis include:
Beta 0.61 | Alpha 0.0752 | Risk 0.66 | Sharpe Ratio 0.0726 | Expected Return 0.0483 |
Moving together with Madison Mutual Fund
| 0.87 | MADRX | Madison Funds | PairCorr |
| 0.81 | MAGSX | Madison Aggressive | PairCorr |
| 1.0 | BHBFX | Madison Dividend Income | PairCorr |
| 0.66 | MSCIX | Madison Small Cap | PairCorr |
| 0.66 | MSCRX | Madison Small Cap | PairCorr |
| 0.66 | MASMX | Madison Small Cap | PairCorr |
| 0.99 | MBLAX | Madison Diversified | PairCorr |
| 0.81 | MBOIX | Madison Core Bond | PairCorr |
| 0.81 | MBORX | Madison Funds | PairCorr |
| 0.8 | MBOYX | Madison E Bond | PairCorr |
| 0.83 | MBOAX | Madison E Bond | PairCorr |
| 0.83 | MCNAX | Madison Servative | PairCorr |
| 0.87 | MDMIX | Madison Dividend Income | PairCorr |
| 0.92 | MENIX | Madison Funds | PairCorr |
| 0.92 | MENRX | Madison Ered Call | PairCorr |
| 0.85 | MENYX | Madison Ered Call | PairCorr |
| 0.81 | MIIRX | Madison Funds | PairCorr |
| 0.79 | MIIBX | Madison High Quality | PairCorr |
| 0.96 | GTFHX | Madison Tax Free | PairCorr |
| 0.99 | VVIAX | Vanguard Value Index | PairCorr |
Sensitivity To Market
Madison Dividend beta coefficient measures the volatility of Madison mutual fund relative to the systematic risk of the overall market benchmark. Mathematically, beta represents the slope of the regression line comparing Madison returns against market returns. A beta of 0.61 indicates the degree of sensitivity to market-wide movements. Current total volatility is approximately 0.66%.Madison Dividend Income has shown noticeable price swings over the selected period. Downside deviation is about 0.75% and standard deviation is about 0.67%, which summarize how widely returns have moved. Funds with more equity exposure typically show higher volatility than more bond-heavy funds.
3 Months Beta |Analyze Madison Dividend Income Demand TrendCheck current 90 days Madison Dividend correlation with market (Dow Jones Industrial)Downside Risk
Madison standard deviation measures the daily dispersion of prices over your selected time horizon relative to its mean. A typical volatile entity has a high standard deviation, while the deviation of a stable instrument is usually low.
Standard Deviation | 0.66 |
It is essential to understand the difference between upside risk (as represented by Madison Dividend's standard deviation) and the downside risk, which can be measured by semi-deviation or downside deviation of Madison Dividend's daily returns or price. For Madison Dividend Income, recent data highlights a Downside Deviation of 0.75, a Downside Variance of 0.56, and a Maximum Drawdown of 2.74.
Mutual Fund Volatility Analysis
Volatility refers to the frequency at which Madison Dividend fund price increases or decreases within a specified period. These fluctuations usually indicate the level of risk that's associated with Madison Dividend's price changes.
Transformation |
This analysis covers sixty-one data points across the selected time horizon. Madison Dividend Income Average Price is the average of the sum of open, high, low and close daily prices of a bar. It can be used to smooth an indicator that normally takes just the closing price as input.
Projected Return Density Against Market
Assuming a 90-day horizon Madison Dividend has a beta of 0.6098 . This indicates as returns on the market go up, Madison Dividend's average returns are expected to increase less than the benchmark. However, during a bear market, the loss from holding Madison Dividend Income is expected to be smaller as well.Madison Dividend is exposed to both systematic and unsystematic risk. Systematic risk reflects broader mutual fund market movements, while company or sector-specific developments represent nonmarket drivers. Diversification may reduce specific risk, but market exposure remains. Beta and standard deviation help quantify volatility. For Madison Dividend Income, recent data highlights a Downside Deviation of 0.75, a Mean Deviation of 0.52, and a Semi Deviation of 0.68.
Predicted Return Density |
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What Drives Madison Dividend's Price Volatility?
Several factors can influence Madison Dividend's market volatility:Industry Dynamics
Sector-level events can directly affect Madison Dividend's price stability. Regulatory changes, supply disruptions, or shifts in demand within Madison Dividend's industry may create volatility even when the broader market is calm. Competitive dynamics and industry consolidation can also amplify price swings for companies like Madison Dividend.Political and Economic Environment
Macroeconomic conditions and policy decisions shape the backdrop for Madison Dividend's price movements. Interest rate changes, trade policy shifts, and fiscal legislation can all alter investor sentiment toward Madison Dividend. During periods of economic expansion, Madison Dividend's price tends to benefit from broader market optimism, while downturns can amplify selling pressure.Madison Dividend's Company-Specific Factors
Volatility can also stem from events unique to Madison Dividend. Earnings surprises, management changes, product launches, or legal developments may trigger sharp price reactions in Madison Dividend's stock. Conversely, operational setbacks, guidance revisions, or data breaches can weigh on Madison Dividend's share price.Mutual Fund Risk Measures
Assuming a 90-day horizon the coefficient of variation of Madison Dividend is 1376.54. The daily returns are distributed with a variance of 0.44 and standard deviation of 0.66. The mean deviation of Madison Dividend Income is currently at 0.51. For similar time horizon, the selected benchmark (Dow Jones Industrial) has volatility of 0.8
α | Alpha over Dow Jones | 0.08 | |
β | Beta against Dow Jones | 0.61 | |
σ | Overall volatility | 0.66 | |
Ir | Information ratio | 0.17 |
Mutual Fund Return Volatility
Madison Dividend historical daily return volatility represents how much of Madison Dividend fund's daily returns swing around its mean - it is a statistical measure of its dispersion of returns. The fund reported 0.6649% volatility on return distribution over a 90-day investment horizon. By contrast, Dow Jones Industrial has volatility of 0.8181% on return distribution over a 90-day investment horizon. Performance |
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Related Correlations Analysis
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | MYMXX | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | JHMXX | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | NCGXX | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | BMMIX | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | FTKXX | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | RPGXX | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | TIMXX | ||
Correlation Matchups
Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.High positive correlations
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Risk-Adjusted Indicators
There is a big difference between Madison Mutual Fund performing well and Madison Dividend 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 Madison Dividend'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| MYMXX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| JHMXX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| NCGXX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| BMMIX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| FTKXX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| RPGXX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| TIMXX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Risk Metrics, Assumptions & Methodology
Volatility for Madison Dividend reflects NAV dispersion and exposure stability across disclosure periods. Higher dispersion implies wider price swings across observed periods.
Unless otherwise specified, data for Madison Dividend Income is compiled from fund disclosures and market reference feeds and standardized for comparability. Updates may occur throughout the day. Volatility and downside metrics are estimated from historical return dispersion.
This content is curated and reviewed by:
Ellen Johnson - Member of Macroaxis Editorial BoardMadison Dividend Investment Opportunity
Dow Jones Industrial is about 1.24 times more volatile than Madison Dividend Income based on recent return behavior. That difference can matter when investors want a steadier position size or lower contribution to total portfolio risk.You can use Madison Dividend Income to protect your portfolios against small market fluctuations. This move summary looks at how the current session may translate into a basic near-term setup. It is most useful when combined with broader risk controls and position-sizing discipline. a moderate downward daily trend and can be a good diversifier. Check odds of Madison Dividend to be traded at $24.69 in 90 days.Weak diversification
The correlation between MADAX and DJI is 0.35, which Macroaxis classifies as Weak diversification for the selected horizon. This matters because lower overlap can improve diversification, while higher overlap leaves more of the same risk inside the portfolio.
Madison Dividend Additional Risk Indicators
Looking at additional risk metrics for Madison Dividend Income frames how the position may behave under different market and portfolio conditions. Used correctly, these measures can support both standalone risk assessment and portfolio-level hedging decisions.
| Risk Adjusted Performance | 0.0283 | |||
| Market Risk Adjusted Performance | 0.035 | |||
| Mean Deviation | 0.5212 | |||
| Semi Deviation | 0.6803 | |||
| Downside Deviation | 0.7492 | |||
| Coefficient Of Variation | 2645.93 | |||
| Standard Deviation | 0.6676 |
Madison Dividend Suggested Diversification Pairs
A pair strategy built around Madison Dividend Income is useful when investors want to reduce directional market exposure while still expressing a relative-value idea. The key question is whether the second leg adds real hedge value instead of just creating a more complex version of the same risk.
The effect of pair diversification on risk is to reduce it, but we should note this doesn't apply to all risk types. When we trade pairs against Madison Dividend as a counterpart, there is always some inherent risk that will never be diversified away no matter what. This volatility limits the effect of tactical diversification using pair trading. Madison Dividend's systematic risk is the inherent uncertainty of the entire market, and therefore cannot be mitigated even by pair-trading it against the equity that is not highly correlated to it. On the other hand, Madison Dividend's unsystematic risk describes the types of risk that we can protect against, at least to some degree, by selecting a matching pair that is not perfectly correlated to Madison Dividend Income.