Advantage Portfolio Correlations

MAPLX Fund

USD 24.09 0.03 0.12%

The current 90-days correlation between Advantage Portfolio Class and Lgm Risk Managed is 0.1 (i.e., Average diversification). The correlation of Advantage Portfolio 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.

Advantage Portfolio Correlation With Market

Significant diversification

The correlation between Advantage Portfolio Class and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Advantage Portfolio Class 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 Advantage Portfolio Class. 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 bureau of economic analysis.

Moving together with Advantage Mutual Fund

0.99	MMCGX	Mid Cap Growth	Pair Corr
0.67	THYUX	High Yield Fund	Pair Corr
0.81	TIFUX	International Fixed	Pair Corr
0.73	MORGX	Morgan Stanley Mortgage	Pair Corr
1.0	MPAIX	Advantage Portfolio Class	Pair Corr
0.78	MPEGX	Mid Cap Growth	Pair Corr
0.77	MRHYX	Msift High Yield	Pair Corr
1.0	MADSX	Msif Advantage Port	Pair Corr
0.78	MACGX	Mid Cap Growth	Pair Corr

Moving against Advantage Mutual Fund

0.72	MRGEX	Msif Emerging Markets	Pair Corr
0.66	TIEUX	International Equity	Pair Corr
0.66	MRJCX	Real Assets Portfolio	Pair Corr
0.65	MRJAX	Real Assets Portfolio	Pair Corr
0.65	MRJIX	Real Assets Portfolio	Pair Corr
0.54	TEMUX	Emerging Markets Equity	Pair Corr
0.53	MMKBX	Emerging Markets Por	Pair Corr
0.53	MMMPX	Msif Emerging Markets	Pair Corr
0.32	TILUX	Inflation Linked Fixed	Pair Corr
0.67	MSDFX	Morgan Stanley Insti	Pair Corr
0.67	MSDKX	Morgan Stanley Insti	Pair Corr
0.66	MSBKX	Morgan Stanley Insti	Pair Corr
0.65	MSBEX	Morgan Stanley Insti	Pair Corr
0.64	MRJSX	Real Assets Portfolio	Pair Corr
0.63	MSACX	Active International	Pair Corr
0.62	MAIJX	Morgan Stanley Insti	Pair Corr
0.62	MAIHX	Morgan Stanley Insti	Pair Corr

Related Correlations Analysis

	LBETX	LSYFX	BXHCX	DNHYX	AGDAX	RYIHX
LBETX		0.82	0.84	0.89	0.75	-0.39	LBETX
LSYFX	0.82		0.94	0.92	0.87	-0.4	LSYFX
BXHCX	0.84	0.94		0.94	0.94	-0.47	BXHCX
DNHYX	0.89	0.92	0.94		0.88	-0.4	DNHYX
AGDAX	0.75	0.87	0.94	0.88		-0.27	AGDAX
RYIHX	-0.39	-0.4	-0.47	-0.4	-0.27		RYIHX
	LBETX	LSYFX	BXHCX	DNHYX	AGDAX	RYIHX

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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

BXHCX	+ 0.94	LSYFX
DNHYX	+ 0.94	BXHCX
AGDAX	+ 0.94	BXHCX
DNHYX	+ 0.92	LSYFX
DNHYX	+ 0.89	LBETX
AGDAX	+ 0.88	DNHYX

High negative correlations

RYIHX	- 0.47	BXHCX
RYIHX	- 0.4	DNHYX
RYIHX	- 0.4	LSYFX
RYIHX	- 0.39	LBETX
RYIHX	- 0.27	AGDAX

Risk-Adjusted Indicators

There is a big difference between Advantage Mutual Fund performing well and Advantage Portfolio 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 Advantage Portfolio'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
LBETX	0.23	0.00	(0.05)	(0.07)	0.32	(0.26)	0.44	(0.52)	2.01
LSYFX	0.09	(0.01)	(0.11)	(0.14)	0.12	(0.17)	0.20	(0.20)	1.31
BXHCX	0.10	(0.01)	0.00	5.87	0.00	0.00	0.12	(0.25)	1.11
DNHYX	0.13	(0.01)	(0.09)	(0.48)	0.21	(0.16)	0.23	(0.23)	1.15
AGDAX	0.10	(0.01)	(0.10)	(0.30)	0.10	(0.24)	0.29	(0.29)	1.14
RYIHX	0.23	0.03	0.05	(1.57)	0.10	(0.32)	0.53	(0.38)	1.73

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