Modern Capital Correlations

MCTOX Fund

USD 12.54 0.06 0.48%

The current 90-days correlation between Modern Capital Tactical and Modern Capital Tactical is 0.99 (i.e., No risk reduction). The correlation of Modern Capital 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.

Modern Capital Correlation With Market

Poor diversification

The correlation between Modern Capital Tactical and DJI is 0.7 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Modern Capital Tactical 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 Modern Capital Tactical. 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 persons.

Moving together with Modern Mutual Fund

1.0	MCTDX	Modern Capital Tactical	Pair Corr
0.87	FBONX	American Funds American	Pair Corr
0.87	FBAFX	American Funds American	Pair Corr
0.87	ABALX	American Balanced	Pair Corr
0.87	BALCX	American Balanced	Pair Corr
0.87	BALFX	American Balanced	Pair Corr
0.87	RLBCX	American Balanced	Pair Corr
0.86	RLBBX	American Balanced	Pair Corr
0.87	CLBAX	American Balanced	Pair Corr
0.87	CLBEX	American Balanced	Pair Corr
0.88	RLBFX	American Balanced	Pair Corr
0.71	VMRXX	Vanguard Money Market	Pair Corr
0.85	RFNFX	American Funds Funda	Pair Corr
0.7	GOPIX	Aberdeen China Oppty	Pair Corr
0.79	TIMVX	Tiaa-cref Mid-cap	Pair Corr
0.84	NMT	Nuveen Massachusetts	Pair Corr
0.86	VIIIX	Vanguard Institutional	Pair Corr
0.72	FSSNX	Fidelity Small Cap	Pair Corr
0.85	PHK	Pimco High Income	Pair Corr
0.9	FGB	First Trust Specialty	Pair Corr
0.91	TNHRX	1290 High Yield	Pair Corr
0.71	PHYRX	High Yield Fund	Pair Corr
0.76	GAB	Gabelli Equity Trust	Pair Corr
0.73	CLM	Cornerstone Strategic	Pair Corr
0.66	DABMX	Dreyfus Yield Enhancement	Pair Corr
0.85	VTCLX	Vanguard Tax Managed	Pair Corr
0.78	TRPIX	T Rowe Price	Pair Corr
0.83	SLGYX	Large Capitalization	Pair Corr

Related Correlations Analysis

	MCTDX	SMERX	RWSIX	VWEHX	THMAX	LLPFX	LEOIX	VNSNX	INDEX
MCTDX		0.75	0.82	0.77	0.9	0.85	0.89	0.84	0.86	MCTDX
SMERX	0.75		0.96	0.45	0.89	0.81	0.75	0.89	0.92	SMERX
RWSIX	0.82	0.96		0.54	0.95	0.9	0.78	0.94	0.95	RWSIX
VWEHX	0.77	0.45	0.54		0.61	0.51	0.67	0.48	0.48	VWEHX
THMAX	0.9	0.89	0.95	0.61		0.93	0.81	0.98	0.97	THMAX
LLPFX	0.85	0.81	0.9	0.51	0.93		0.84	0.94	0.95	LLPFX
LEOIX	0.89	0.75	0.78	0.67	0.81	0.84		0.77	0.83	LEOIX
VNSNX	0.84	0.89	0.94	0.48	0.98	0.94	0.77		0.98	VNSNX
INDEX	0.86	0.92	0.95	0.48	0.97	0.95	0.83	0.98		INDEX
	MCTDX	SMERX	RWSIX	VWEHX	THMAX	LLPFX	LEOIX	VNSNX	INDEX

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Risk-Adjusted Indicators

There is a big difference between Modern Mutual Fund performing well and Modern Capital 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 Modern Capital'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
MCTDX	0.29	0.04	(0.13)	0.22	0.10	(0.35)	0.68	(0.48)	1.62
SMERX	0.93	0.02	0.08	0.14	0.83	(1.03)	2.46	(1.53)	7.60
RWSIX	0.58	0.00	(0.02)	0.12	0.49	(0.67)	1.23	(1.20)	4.11
VWEHX	0.10	0.00	(0.52)	0.25	0.00	(0.22)	0.19	(0.18)	0.73
THMAX	0.36	(0.01)	(0.13)	0.10	0.34	(0.43)	0.73	(0.78)	2.29
LLPFX	0.54	0.01	(0.03)	0.14	0.54	(0.62)	1.05	(1.20)	3.15
LEOIX	0.09	0.03	(0.66)	5.79	0.00	(0.15)	0.24	(0.12)	0.58
VNSNX	0.67	(0.04)	(0.04)	0.08	1.02	(0.69)	1.52	(1.67)	4.90
INDEX	0.55	0.00	(0.02)	0.12	0.65	(0.61)	1.16	(1.32)	3.84

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Modern Capital Correlations

Modern Capital Correlation With Market

Poor diversification

Moving together with Modern Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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