Congress Mid Correlations

IMIDX Fund

USD 20.02 0.27 1.37%

The current 90-days correlation between Congress Mid Cap and Mairs Power Balanced is 0.48 (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

Almost no diversification

The correlation between Congress Mid Cap and DJI is 0.9 (i.e., Almost no 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 median.

Moving together with Congress Mutual Fund

1.0	CMIDX	Congress Mid Cap	Pair Corr
0.97	CAMLX	Congress Large Cap	Pair Corr
0.87	CSMCX	Century Small Cap	Pair Corr
0.71	CSMVX	Century Small Cap	Pair Corr
0.95	PAMCX	T Rowe Price	Pair Corr
0.84	RRMGX	T Rowe Price	Pair Corr
0.67	PCBIX	Midcap Fund Institutional	Pair Corr
0.91	PEMGX	Midcap Fund Class Potential Growth	Pair Corr
0.94	PMBCX	Midcap Fund Class	Pair Corr
0.95	TRQZX	T Rowe Price	Pair Corr
0.8	PRJIX	T Rowe Price	Pair Corr
0.85	RPMGX	T Rowe Price	Pair Corr
0.97	TRUZX	T Rowe Price	Pair Corr
0.92	JGRCX	Janus Enterprise	Pair Corr
0.86	FTYPX	Fidelity Freedom Index	Pair Corr
0.88	FFBTX	Fidelity Freedom Blend	Pair Corr
0.81	GAAVX	Gmo Alternative Allo	Pair Corr
0.92	GCAVX	Gmo Small Cap	Pair Corr
0.94	GQLOX	Gmo Quality Fund	Pair Corr
0.87	GHVIX	Gmo High Yield	Pair Corr
0.91	GMCQX	Gmo Equity Allocation	Pair Corr
0.84	RYPMX	Precious Metals	Pair Corr
0.89	NELIX	Nuveen Equity Longshort	Pair Corr
0.86	FRCJX	Fidelity Freedom Blend	Pair Corr
0.73	SACVX	Spirit Of America	Pair Corr
0.92	RUNTX	Us Small Cap	Pair Corr
0.87	LNOAX	Ladenburg Income Growth	Pair Corr
0.9	LIMAX	Lateef Focused Growth	Pair Corr
0.88	ABLSX	American Beacon Balanced	Pair Corr
0.85	MGXIX	Mainstay Growth Allo	Pair Corr
0.95	GVIRX	Goldman Sachs Equity	Pair Corr
0.78	SDHIX	Lord Abbett Short	Pair Corr
0.85	GLVNX	Oppenheimer Gbl Value	Pair Corr
0.88	FIJFX	Materials Portfolio	Pair Corr
0.8	ESGIX	Dana Epiphany Esg	Pair Corr
0.78	SDGFX	Sdit Short Duration	Pair Corr

Moving against Congress Mutual Fund

0.61

GABFX

Gmo Asset Allocation

Pair Corr

Related Correlations Analysis

	SMFYX	EGORX	WFLLX	MDLVX	IYSYX	GWGVX	AFVLX	STMPX	NWJFX	MAPOX
SMFYX		0.76	0.65	0.73	0.76	0.81	0.85	0.8	0.86	0.82	SMFYX
EGORX	0.76		0.91	0.94	0.9	0.92	0.83	0.96	0.77	0.94	EGORX
WFLLX	0.65	0.91		0.95	0.92	0.89	0.8	0.92	0.67	0.9	WFLLX
MDLVX	0.73	0.94	0.95		0.95	0.95	0.88	0.97	0.8	0.95	MDLVX
IYSYX	0.76	0.9	0.92	0.95		0.96	0.85	0.96	0.74	0.95	IYSYX
GWGVX	0.81	0.92	0.89	0.95	0.96		0.85	0.97	0.82	0.97	GWGVX
AFVLX	0.85	0.83	0.8	0.88	0.85	0.85		0.87	0.86	0.88	AFVLX
STMPX	0.8	0.96	0.92	0.97	0.96	0.97	0.87		0.81	0.98	STMPX
NWJFX	0.86	0.77	0.67	0.8	0.74	0.82	0.86	0.81		0.85	NWJFX
MAPOX	0.82	0.94	0.9	0.95	0.95	0.97	0.88	0.98	0.85		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	0.79	(0.07)	0.00	(0.02)	0.00	0.00	1.46	(1.72)	3.66
EGORX	0.71	0.10	0.11	0.18	0.66	(0.83)	1.17	(1.43)	9.62
WFLLX	0.37	0.00	0.05	0.00	0.21	(0.62)	0.96	(0.70)	2.56
MDLVX	0.57	0.16	0.19	0.78	0.34	(0.65)	1.34	(0.99)	4.87
IYSYX	0.63	0.10	0.13	0.16	0.52	(0.72)	1.43	(1.20)	3.59
GWGVX	0.79	0.08	0.08	0.13	0.81	(0.91)	1.73	(1.44)	4.17
AFVLX	0.61	0.00	(0.05)	0.06	0.76	(0.63)	1.23	(1.23)	3.75
STMPX	0.80	0.10	0.11	0.14	0.71	(0.91)	2.18	(1.45)	4.87
NWJFX	0.96	0.03	0.00	0.11	1.21	(0.97)	1.78	(2.06)	7.61
MAPOX	0.38	0.02	0.00	0.08	0.43	(0.40)	0.96	(0.59)	2.16

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