Muirfield Fund Correlations

Mutual Funds . USA . 
Fund . Muirfield Fund Retail
FLMFX Fund  USD 9.48  0.12  1.28%   
The current 90-days correlation between Muirfield Fund Retail and Quantex Fund Retail is 0.99 (i.e., No risk reduction). 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 Retail and DJI is 0.36 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Muirfield Fund Retail 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 Retail. 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 census.

Moving together with Muirfield Mutual Fund

  0.91SRUAX Spectrum Fund AdviserPairCorr
  0.92SRUIX Spectrum Fund InstitPairCorr
  0.92QNTAX Quantex Fund AdviserPairCorr
  0.98QNTIX Quantex Fund InstituPairCorr
  0.68IFAAX Infrastructure FundPairCorr
  0.61IFAIX Infrastructure FundPairCorr
  0.94BLNIX Balanced Fund InstitPairCorr
  0.98BLNAX Balanced Fund AdviserPairCorr
  1.0FLCGX Quantex Fund RetailPairCorr
  0.91FLDOX Dividend OpportunitiesPairCorr
  1.0FLDGX Dynamic GrowthPairCorr
  0.83FLDFX Balanced Fund RetailPairCorr
  0.93FLFGX Global OpportunitiesPairCorr
  1.0FLMIX Muirfield Fund InstiPairCorr
  0.98FLMAX Muirfield Fund AdviserPairCorr
  0.69FLRUX Infrastructure FundPairCorr
  0.99FLSPX Spectrum Fund RetailPairCorr
  0.91DVOIX Dividend OpportunitiesPairCorr
  0.97DVOAX Dividend OpportunitiesPairCorr
  0.81GBPAX Global OpportunitiesPairCorr
  0.92GBPIX Global OpportunitiesPairCorr
  0.98DYGIX Dynamic GrowthPairCorr
  0.98DYGAX Dynamic GrowthPairCorr
  0.77PAALX All Asset FundPairCorr
  0.78PATRX Pimco All AssetPairCorr
  0.71PAAIX All Asset FundPairCorr
  0.76PALPX Pimco All AssetPairCorr
  0.74PASAX All Asset FundPairCorr
  0.8PASCX All Asset FundPairCorr
  0.78PAANX Pimco All AssetPairCorr
  0.8PAUPX Pimco All AssetPairCorr
  0.74PAUIX Pimco All AssetPairCorr
  0.75ABRIX Invesco Balanced RiskPairCorr

Moving against Muirfield Mutual Fund

  0.67AGPXX Invesco Short TermPairCorr
  0.46NFRAX Nuveen Symphony FloatingPairCorr
  0.41CDICX 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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