Mai Managed Correlations

MAIPX Fund

USD 16.50 0.05 0.30%

The current 90-days correlation between Mai Managed Volatility and Mai Managed Volatility is -0.17 (i.e., Good diversification). The correlation of Mai Managed 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.

Mai Managed Correlation With Market

Significant diversification

The correlation between Mai Managed Volatility and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mai Managed Volatility and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Mai Managed Volatility. 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 inflation.

Moving together with Mai Mutual Fund

0.9	DIVPX	Mai Managed Volatility	Pair Corr
0.89	JHQCX	Jpmorgan Hedged Equity	Pair Corr
0.89	JHEQX	Jpmorgan Hedged Equity	Pair Corr
0.8	JHQAX	Jpmorgan Hedged Equity	Pair Corr
0.95	GTENX	Gateway Fund Class	Pair Corr
0.84	GTECX	Gateway Fund Class	Pair Corr
0.95	GTEYX	Gateway Fund Class	Pair Corr
0.85	GATEX	Gateway Fund Class	Pair Corr
0.81	JHDCX	Jpmorgan Hedged Equity	Pair Corr
0.83	JHDRX	Jpmorgan Hedged Equity	Pair Corr
0.82	JHDAX	Jpmorgan Hedged Equity	Pair Corr
0.62	RSNRX	Victory Global Natural	Pair Corr
0.62	RSNYX	Victory Global Natural	Pair Corr
0.62	RGNCX	Victory Global Natural	Pair Corr
0.72	PQTNX	Pimco Trends Managed	Pair Corr
0.86	VWELX	Vanguard Wellington	Pair Corr
0.69	FIWGX	Strategic Advisers	Pair Corr
0.77	CRATX	Community Reinvestment	Pair Corr
0.8	FGWMX	Fidelity New Markets	Pair Corr
0.86	VWENX	Vanguard Wellington	Pair Corr
0.67	TBILX	Tiaa Cref Bond	Pair Corr
0.83	XFFAX	First Tr Enhanced	Pair Corr
0.78	BHYIX	Blackrock High Yield	Pair Corr
0.64	JNGTX	Janus Global Technology	Pair Corr
0.84	SCFCX	Shenkman Short Duration	Pair Corr
0.65	STEZX	International Strategic	Pair Corr
0.91	HCVSX	The Hartford Servative	Pair Corr
0.67	TBIRX	Tiaa Cref Bond	Pair Corr
0.7	TFEBX	Tax Exempt Bond	Pair Corr
0.82	BIMPX	Blackrock Moderate	Pair Corr

Related Correlations Analysis

	DIVPX	BWLIX	BRLVX	DALCX	SPEDX	MIAPX	SILVX	DOPIX	IMANX	MVT
DIVPX		0.52	0.52	0.51	0.2	-0.28	0.3	0.77	0.79	0.53	DIVPX
BWLIX	0.52		1.0	0.37	-0.21	-0.45	0.75	0.53	0.33	0.13	BWLIX
BRLVX	0.52	1.0		0.37	-0.21	-0.45	0.75	0.53	0.33	0.13	BRLVX
DALCX	0.51	0.37	0.37		0.08	-0.3	0.22	0.83	0.63	0.12	DALCX
SPEDX	0.2	-0.21	-0.21	0.08		0.51	-0.17	0.28	0.35	-0.06	SPEDX
MIAPX	-0.28	-0.45	-0.45	-0.3	0.51		-0.3	-0.24	0.1	-0.14	MIAPX
SILVX	0.3	0.75	0.75	0.22	-0.17	-0.3		0.33	0.19	0.0	SILVX
DOPIX	0.77	0.53	0.53	0.83	0.28	-0.24	0.33		0.71	0.21	DOPIX
IMANX	0.79	0.33	0.33	0.63	0.35	0.1	0.19	0.71		0.42	IMANX
MVT	0.53	0.13	0.13	0.12	-0.06	-0.14	0.0	0.21	0.42		MVT
	DIVPX	BWLIX	BRLVX	DALCX	SPEDX	MIAPX	SILVX	DOPIX	IMANX	MVT

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

BRLVX	+ 1.0	BWLIX
DOPIX	+ 0.83	DALCX
IMANX	+ 0.79	DIVPX
DOPIX	+ 0.77	DIVPX
SILVX	+ 0.75	BWLIX
SILVX	+ 0.75	BRLVX

High negative correlations

MIAPX	- 0.45	BRLVX
MIAPX	- 0.45	BWLIX
SILVX	- 0.3	MIAPX
MIAPX	- 0.3	DALCX
MIAPX	- 0.28	DIVPX
DOPIX	- 0.24	MIAPX

Risk-Adjusted Indicators

There is a big difference between Mai Mutual Fund performing well and Mai Managed 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 Mai Managed'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
DIVPX	0.16	(0.01)	(0.21)	0.05	0.19	(0.17)	0.23	(0.40)	1.27
BWLIX	0.76	(0.08)	0.00	(0.03)	0.00	0.00	1.10	(1.13)	11.84
BRLVX	0.77	(0.09)	0.00	(0.03)	0.00	0.00	1.11	(1.13)	11.94
DALCX	0.56	0.00	(0.03)	0.00	0.67	(0.57)	1.29	(1.05)	3.00
SPEDX	0.52	(0.03)	(0.11)	(0.01)	0.67	(0.56)	1.27	(1.27)	3.60
MIAPX	0.83	(0.05)	0.00	(0.20)	0.00	0.00	1.75	(1.65)	6.37
SILVX	0.59	(0.10)	0.00	(0.10)	0.00	0.00	0.96	(1.13)	9.20
DOPIX	0.83	(0.04)	(0.02)	0.04	1.01	(0.87)	2.05	(1.84)	4.09
IMANX	0.77	0.08	0.00	(5.19)	1.09	(0.74)	1.35	(1.85)	4.62
MVT	0.35	0.02	(0.10)	0.19	0.38	(0.39)	0.76	(0.66)	2.36

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