Praxis Genesis Correlations

MBAPX Fund

USD 15.69 0.05 0.32%

The current 90-days correlation between Praxis Genesis Balanced and Praxis Growth Index is 0.72 (i.e., Poor diversification). The correlation of Praxis Genesis 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.

Praxis Genesis Correlation With Market

Weak diversification

The correlation between Praxis Genesis Balanced and DJI is 0.38 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Praxis Genesis Balanced 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 Praxis Genesis Balanced. 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 american community survey.

Moving together with Praxis Mutual Fund

0.71	MMSCX	Praxis Small Cap	Pair Corr
0.74	MMSIX	Praxis Small Cap	Pair Corr
0.73	MPLAX	Praxis International	Pair Corr
0.74	MPLIX	Praxis International	Pair Corr
0.98	MCONX	Praxis Genesis Servative	Pair Corr
0.94	MVIIX	Praxis Value Index	Pair Corr
0.94	MVIAX	Praxis Value Index	Pair Corr
0.99	MGAFX	Praxis Genesis Growth	Pair Corr
0.81	MIIIX	Praxis Impact Bond	Pair Corr
0.82	MIIAX	Praxis Impact Bond	Pair Corr
0.99	FBONX	American Funds American	Pair Corr
0.99	FBAFX	American Funds American	Pair Corr
0.99	ABALX	American Balanced	Pair Corr
0.98	BALCX	American Balanced	Pair Corr
0.99	BALFX	American Balanced	Pair Corr
0.98	RLBCX	American Balanced	Pair Corr
0.98	RLBBX	American Balanced	Pair Corr
0.99	CLBAX	American Balanced	Pair Corr
0.98	CLBEX	American Balanced	Pair Corr
0.99	RLBFX	American Balanced	Pair Corr
0.77	JGVVX	Jpmorgan Growth Advantage	Pair Corr

Moving against Praxis Mutual Fund

0.66	BTTRX	Zero Pon 2025	Pair Corr
0.62	EIGMX	Eaton Vance Global	Pair Corr
0.49	LARCX	Floating Rate	Pair Corr
0.44	TSDCX	Touchstone Ultra Short	Pair Corr
0.59	CCLFX	Cliffwater Corporate	Pair Corr
0.52	SFHIX	Shenkman Floating Rate	Pair Corr

Related Correlations Analysis

	MMDEX	MMSCX	MMSIX	MPLAX	MPLIX	MBAPX	MCONX	MVIIX	MVIAX	MGAFX
MMDEX		0.53	0.5	-0.23	-0.22	0.09	-0.07	-0.18	-0.18	0.24	MMDEX
MMSCX	0.53		0.93	0.14	0.15	0.71	0.59	0.59	0.59	0.78	MMSCX
MMSIX	0.5	0.93		0.16	0.17	0.74	0.6	0.64	0.63	0.83	MMSIX
MPLAX	-0.23	0.14	0.16		1.0	0.73	0.8	0.66	0.67	0.66	MPLAX
MPLIX	-0.22	0.15	0.17	1.0		0.74	0.81	0.66	0.67	0.67	MPLIX
MBAPX	0.09	0.71	0.74	0.73	0.74		0.98	0.94	0.94	0.99	MBAPX
MCONX	-0.07	0.59	0.6	0.8	0.81	0.98		0.96	0.95	0.93	MCONX
MVIIX	-0.18	0.59	0.64	0.66	0.66	0.94	0.96		1.0	0.89	MVIIX
MVIAX	-0.18	0.59	0.63	0.67	0.67	0.94	0.95	1.0		0.89	MVIAX
MGAFX	0.24	0.78	0.83	0.66	0.67	0.99	0.93	0.89	0.89		MGAFX
	MMDEX	MMSCX	MMSIX	MPLAX	MPLIX	MBAPX	MCONX	MVIIX	MVIAX	MGAFX

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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

MPLIX	+ 1.0	MPLAX
MVIAX	+ 1.0	MVIIX
MGAFX	+ 0.99	MBAPX
MCONX	+ 0.98	MBAPX
MVIIX	+ 0.96	MCONX
MVIAX	+ 0.95	MCONX

High negative correlations

MPLAX	- 0.23	MMDEX
MPLIX	- 0.22	MMDEX
MVIAX	- 0.18	MMDEX
MVIIX	- 0.18	MMDEX
MCONX	- 0.07	MMDEX

Risk-Adjusted Indicators

There is a big difference between Praxis Mutual Fund performing well and Praxis Genesis 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 Praxis Genesis' 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
MMDEX	0.78	0.03	0.02	0.12	1.07	(0.78)	1.65	(1.84)	5.41
MMSCX	0.86	0.03	0.01	0.13	1.10	(0.92)	1.68	(1.58)	10.01
MMSIX	0.84	0.02	0.01	0.06	1.11	(0.91)	1.66	(1.58)	10.00
MPLAX	0.57	(0.10)	0.00	(0.37)	0.00	0.00	0.86	(1.44)	3.88
MPLIX	0.57	(0.10)	0.00	(0.36)	0.00	0.00	0.86	(1.51)	3.71
MBAPX	0.40	(0.06)	0.00	(0.22)	0.00	0.00	0.74	(0.94)	2.97
MCONX	0.29	(0.07)	0.00	(0.36)	0.00	0.00	0.50	(0.66)	3.13
MVIIX	0.61	(0.12)	0.00	(0.27)	0.00	0.00	1.04	(1.03)	10.01
MVIAX	0.62	(0.12)	0.00	(0.27)	0.00	0.00	0.98	(1.02)	10.04
MGAFX	0.47	(0.05)	0.00	(0.13)	0.00	0.00	0.74	(1.23)	3.95

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