Congress Mid Correlations

IMIDX Fund

USD 20.33 0.28 1.36%

The current 90-days correlation between Congress Mid Cap and Mairs Power Balanced is 0.54 (i.e., Very weak diversification). The correlation of Congress Mid 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.

Congress Mid Correlation With Market

Poor diversification

The correlation between Congress Mid Cap and DJI is 0.77 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Congress Mid Cap and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Congress Mid Cap. 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 discontinued.

Moving together with Congress Mutual Fund

1.0	CMIDX	Congress Mid Cap Potential Growth	Pair Corr
0.83	CSMCX	Century Small Cap	Pair Corr
0.93	CSMVX	Century Small Cap	Pair Corr
0.85	PRJIX	T Rowe Price	Pair Corr
0.63	TRUZX	T Rowe Price	Pair Corr
0.88	LIIAX	Columbia Porate Income	Pair Corr
0.85	SRINX	Columbia Porate Income	Pair Corr
0.65	WHIAX	Ivy High Income	Pair Corr
0.65	IHIFX	Ivy High Income	Pair Corr
0.62	IVHIX	Ivy High Income	Pair Corr
0.85	KSCYX	Kinetics Small Cap	Pair Corr
0.83	VCIGX	Valic Company I	Pair Corr
0.85	FLIPX	Fidelity Freedom Index	Pair Corr
0.81	CUSDX	Six Circles Ultra	Pair Corr
0.88	CGNFX	American Funds Growth	Pair Corr
0.7	AOOIX	One Choice 2045	Pair Corr
0.76	LTUGX	Thornburg Limited Term	Pair Corr
0.88	TRCIX	Tiaa Cref Lifecycle	Pair Corr
0.84	SGIIX	First Eagle Global	Pair Corr
0.84	TECFX	Tax Exempt Fund	Pair Corr
0.83	AGGNX	Global Gold Fund Steady Growth	Pair Corr
0.61	ANORX	Small Cap Growth	Pair Corr
0.84	ACTIX	Advisors Capital Tactical	Pair Corr
0.77	DNINX	Dunham International	Pair Corr
0.88	GPIGX	Guidepath Growth And	Pair Corr
0.76	OAZEX	Oakmark International	Pair Corr

Moving against Congress Mutual Fund

0.45	PCBIX	Midcap Fund Institutional	Pair Corr
0.39	CAMLX	Congress Large Cap	Pair Corr
0.38	CMLIX	Congress Large Cap	Pair Corr

Related Correlations Analysis

	SMFYX	EGORX	WFLLX	MDLVX	IYSYX	GWGVX	AFVLX	STMPX	NWJFX	MAPOX
SMFYX		0.81	0.21	0.24	0.27	0.29	0.53	0.39	0.46	0.29	SMFYX
EGORX	0.81		0.56	0.59	0.64	0.6	0.87	0.68	0.73	0.64	EGORX
WFLLX	0.21	0.56		0.9	0.89	0.9	0.77	0.88	0.89	0.92	WFLLX
MDLVX	0.24	0.59	0.9		0.96	0.94	0.84	0.95	0.88	0.96	MDLVX
IYSYX	0.27	0.64	0.89	0.96		0.97	0.9	0.95	0.85	0.97	IYSYX
GWGVX	0.29	0.6	0.9	0.94	0.97		0.84	0.95	0.86	0.97	GWGVX
AFVLX	0.53	0.87	0.77	0.84	0.9	0.84		0.87	0.82	0.88	AFVLX
STMPX	0.39	0.68	0.88	0.95	0.95	0.95	0.87		0.85	0.96	STMPX
NWJFX	0.46	0.73	0.89	0.88	0.85	0.86	0.82	0.85		0.88	NWJFX
MAPOX	0.29	0.64	0.92	0.96	0.97	0.97	0.88	0.96	0.88		MAPOX
	SMFYX	EGORX	WFLLX	MDLVX	IYSYX	GWGVX	AFVLX	STMPX	NWJFX	MAPOX

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Risk-Adjusted Indicators

There is a big difference between Congress Mutual Fund performing well and Congress Mid 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 Congress Mid'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
SMFYX	0.85	(0.01)	0.00	0.07	0.96	(0.88)	1.80	(1.72)	5.96
EGORX	0.63	0.01	(0.01)	0.09	0.68	(0.69)	1.13	(1.37)	4.65
WFLLX	0.37	0.08	(0.01)	(0.82)	0.21	(0.62)	0.96	(0.70)	2.56
MDLVX	0.55	0.24	0.27	15.72	0.00	(0.67)	1.40	(0.96)	4.87
IYSYX	0.62	0.09	0.12	0.18	0.46	(0.74)	1.43	(1.06)	4.52
GWGVX	0.69	0.13	0.14	0.23	0.53	(0.82)	1.73	(1.35)	4.22
AFVLX	0.61	0.01	0.00	0.09	0.70	(0.65)	1.23	(0.93)	4.28
STMPX	0.79	0.13	0.16	0.21	0.58	(0.95)	2.18	(1.45)	5.31
NWJFX	1.01	0.20	0.09	4.76	1.05	(1.09)	1.83	(1.98)	8.31
MAPOX	0.33	0.05	0.02	0.19	0.13	(0.38)	0.91	(0.56)	2.03

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