Muirfield Fund Correlations

Mutual Funds . USA . 
Fund . Muirfield Fund Adviser
FLMAX Fund  USD 9.63  0.11  1.16%   
The current 90-days correlation between Muirfield Fund Adviser and Ab Small Cap is 0.07 (i.e., Significant diversification). The correlation of Muirfield 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.

Muirfield Fund Correlation With Market

Weak diversification

The correlation between Muirfield Fund Adviser and DJI is 0.35 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Muirfield Fund Adviser and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Muirfield 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 Muirfield Mutual Fund

  0.92SRUAX Spectrum Fund AdviserPairCorr
  0.93SRUIX Spectrum Fund InstitPairCorr
  0.94QNTAX Quantex Fund AdviserPairCorr
  1.0QNTIX Quantex Fund InstituPairCorr
  0.68IFAAX Infrastructure FundPairCorr
  0.62IFAIX Infrastructure FundPairCorr
  0.96BLNIX Balanced Fund InstitPairCorr
  1.0BLNAX Balanced Fund AdviserPairCorr
  0.98FLCGX Quantex Fund RetailPairCorr
  0.93FLDOX Dividend OpportunitiesPairCorr
  0.98FLDGX Dynamic GrowthPairCorr
  0.81FLDFX Balanced Fund RetailPairCorr
  0.94FLFGX Global OpportunitiesPairCorr
  0.98FLMIX Muirfield Fund InstiPairCorr
  0.98FLMFX Muirfield Fund RetailPairCorr
  0.7FLRUX Infrastructure FundPairCorr
  0.98FLSPX Spectrum Fund RetailPairCorr
  0.99DVOAX Dividend OpportunitiesPairCorr
  0.79GBPAX Global OpportunitiesPairCorr
  0.94GBPIX Global OpportunitiesPairCorr
  1.0DYGAX Dynamic GrowthPairCorr
  0.76PAALX All Asset FundPairCorr
  0.77PATRX Pimco All AssetPairCorr
  0.72PAAIX All Asset FundPairCorr
  0.76PALPX Pimco All AssetPairCorr
  0.75PASAX All Asset FundPairCorr
  0.79PASCX All Asset FundPairCorr
  0.77PAANX Pimco All AssetPairCorr
  0.79PAUPX Pimco All AssetPairCorr
  0.76PAUIX Pimco All AssetPairCorr
  0.75ABRIX Invesco Balanced RiskPairCorr

Moving against Muirfield Mutual Fund

  0.68AGPXX Invesco Short TermPairCorr
  0.42NFRAX Nuveen Symphony FloatingPairCorr
  0.38CDICX Calvert Short DurationPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Muirfield Mutual Fund performing well and Muirfield 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 Muirfield 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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