Muirfield Fund Correlations

Mutual Funds . USA . 
Fund . Muirfield Fund Retail
FLMFX Fund  USD 10.85  0.06  0.56%   
The current 90-days correlation between Muirfield Fund Retail and Quantex Fund Retail is 0.93 (i.e., Almost no 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

Very poor diversification

The correlation between Muirfield Fund Retail and DJI is 0.85 (i.e., Very poor 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

  1.0SRUAX Spectrum Fund AdviserPairCorr
  1.0SRUIX Spectrum Fund InstitPairCorr
  0.9QNTAX Quantex Fund AdviserPairCorr
  0.9QNTIX Quantex Fund InstituPairCorr
  0.97BLNIX Balanced Fund InstitPairCorr
  0.97BLNAX Balanced Fund AdviserPairCorr
  0.68FLBDX Total Return BondPairCorr
  0.97FLCGX Quantex Fund RetailPairCorr
  0.85FLDOX Dividend OpportunitiesPairCorr
  0.88FLDGX Dynamic GrowthPairCorr
  0.86FLDFX Balanced Fund RetailPairCorr
  0.69FLFGX Global OpportunitiesPairCorr
  0.99FLMIX Muirfield Fund InstiPairCorr
  1.0FLMAX Muirfield Fund AdviserPairCorr
  0.99FLSPX Spectrum Fund RetailPairCorr
  0.86DVOIX Dividend OpportunitiesPairCorr
  0.86DVOAX Dividend OpportunitiesPairCorr
  0.71BNDAX Total Return BondPairCorr
  0.69BNDIX Total Return BondPairCorr
  0.72GBPAX Global OpportunitiesPairCorr
  0.72GBPIX Global OpportunitiesPairCorr
  0.98DYGIX Dynamic GrowthPairCorr
  0.98DYGAX Dynamic GrowthPairCorr
  0.84SMPIX Semiconductor UltrasectorPairCorr
  0.88SMPSX Semiconductor UltrasectorPairCorr
  0.85RSNRX Victory Global NaturalPairCorr

Moving against Muirfield Mutual Fund

  0.4PAUPX Pimco All AssetPairCorr
  0.34PAUIX Pimco All AssetPairCorr

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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