Matrix Advisors Correlations

MAVFX Fund

USD 104.82 1.11 1.07%

The current 90-days correlation between Matrix Advisors Value and Madison Investors Fund is 0.18 (i.e., Average diversification). The correlation of Matrix Advisors 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.

Matrix Advisors Correlation With Market

Modest diversification

The correlation between Matrix Advisors Value and DJI is 0.27 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Matrix Advisors Value 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 Matrix Advisors Value. 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 Matrix Mutual Fund

0.8	VVIAX	Vanguard Value Index	Pair Corr
0.88	DOXGX	Dodge Cox Stock	Pair Corr
0.63	AFMFX	American Mutual	Pair Corr
0.65	FFMMX	American Funds American	Pair Corr
0.65	FFFMX	American Funds American	Pair Corr
0.65	AMRMX	American Mutual	Pair Corr
0.62	AMFFX	American Mutual	Pair Corr
0.64	AMFCX	American Mutual	Pair Corr
0.72	DODGX	Dodge Stock Fund	Pair Corr
0.8	VIVAX	Vanguard Value Index	Pair Corr
0.81	LSHAX	Horizon Spin Off Steady Growth	Pair Corr
0.76	KNPYX	Kinetics Paradigm Steady Growth	Pair Corr
0.76	KNPAX	Kinetics Paradigm Steady Growth	Pair Corr
0.65	AIWEX	World Energy	Pair Corr
0.67	AOFCX	Alger Small Cap	Pair Corr
0.68	BMGAX	Blackrock Mid Cap	Pair Corr

Moving against Matrix Mutual Fund

0.31

BTTRX

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Pair Corr

Related Correlations Analysis

	MINVX	SSHFX	FAMVX	JENSX
MINVX		0.88	0.93	0.25	MINVX
SSHFX	0.88		0.91	0.43	SSHFX
FAMVX	0.93	0.91		0.25	FAMVX
JENSX	0.25	0.43	0.25		JENSX
	MINVX	SSHFX	FAMVX	JENSX

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Risk-Adjusted Indicators

There is a big difference between Matrix Mutual Fund performing well and Matrix Advisors 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 Matrix Advisors' 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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
MINVX	0.67	(0.08)	(0.32)	1.00	(1.24)	9.44
SSHFX	0.86	(0.27)	(0.43)	1.08	(0.90)	22.59
FAMVX	0.71	(0.06)	(0.11)	1.28	(0.97)	10.33
JENSX	0.67	(0.20)	(0.70)	1.01	(1.25)	11.28

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