Marketfield Fund Correlations

MFLDX Fund

USD 23.75 0.11 0.46%

The current 90-days correlation between Marketfield Fund Mar and Small Pany Growth is 0.59 (i.e., Very weak diversification). The correlation of Marketfield Fund 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.

Marketfield Fund Correlation With Market

Weak diversification

The correlation between Marketfield Fund Marketfield and DJI is 0.35 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Marketfield Fund Marketfield 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 Marketfield Fund Marketfield. 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 unemployment.

Moving together with Marketfield Mutual Fund

1.0	MFADX	Marketfield Fund Mar	Pair Corr
0.62	PWLIX	Pimco Rae Worldwide Steady Growth	Pair Corr
0.62	IVHIX	Ivy High Income	Pair Corr
0.62	IHIFX	Ivy High Income	Pair Corr
0.88	SAMAX	Moderately Aggressive	Pair Corr
0.85	FTVZX	Fuller Thaler Behavioral	Pair Corr
0.9	AAEFX	American Century One	Pair Corr
0.77	CSQ	Calamos Strategic Total	Pair Corr
0.64	PEBCX	Emerging Markets Bond	Pair Corr
0.81	IPSHX	Pinnacle Sherman Multi	Pair Corr
0.95	MLMAX	Global E Portfolio	Pair Corr
0.89	ORIYX	Oak Ridge Small	Pair Corr
0.84	ASCYX	Alger Funds	Pair Corr
0.85	JHRVX	Retirement Living Through	Pair Corr
0.81	GICPX	Gamco Global Growth	Pair Corr
0.82	DOXBX	Dodge Cox Balanced	Pair Corr
0.72	FAGIX	Fidelity Capital Income	Pair Corr

Related Correlations Analysis

	MSSGX	FBJYGX	FABWX	FWNHTX	WABMSX	FVKVWX	FLKYPX
MSSGX		-0.3	0.05	-0.33	-0.21	-0.17	0.08	MSSGX
FBJYGX	-0.3		0.7	0.56	0.77	0.45	0.74	FBJYGX
FABWX	0.05	0.7		0.28	0.73	0.45	0.5	FABWX
FWNHTX	-0.33	0.56	0.28		0.38	0.08	0.32	FWNHTX
WABMSX	-0.21	0.77	0.73	0.38		0.44	0.75	WABMSX
FVKVWX	-0.17	0.45	0.45	0.08	0.44		0.25	FVKVWX
FLKYPX	0.08	0.74	0.5	0.32	0.75	0.25		FLKYPX
	MSSGX	FBJYGX	FABWX	FWNHTX	WABMSX	FVKVWX	FLKYPX

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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

WABMSX	+ 0.77	FBJYGX
FLKYPX	+ 0.75	WABMSX
FLKYPX	+ 0.74	FBJYGX
WABMSX	+ 0.73	FABWX
FABWX	+ 0.7	FBJYGX
FWNHTX	+ 0.56	FBJYGX

High negative correlations

FWNHTX	- 0.33	MSSGX
FBJYGX	- 0.3	MSSGX
WABMSX	- 0.21	MSSGX
FVKVWX	- 0.17	MSSGX

Risk-Adjusted Indicators

There is a big difference between Marketfield Mutual Fund performing well and Marketfield Fund 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 Marketfield Fund'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
MSSGX	1.58	0.38	0.19	0.76	1.51	(2.01)	3.81	(2.32)	11.74
FBJYGX	0.51	0.16	0.12	2.88	0.36	(0.59)	1.27	(0.76)	2.57
FABWX	0.93	0.13	0.02	(25.70)	1.65	(0.98)	1.52	(1.12)	6.74
FWNHTX	0.02	0.00	(3.12)	0.00	0.00	(0.03)	0.07	(0.04)	0.12
WABMSX	0.51	0.16	0.12	1.31	0.39	(0.62)	1.13	(0.86)	2.33
FVKVWX	0.53	0.28	0.00	6.00	0.00	0.00	1.28	(1.24)	2.52
FLKYPX	0.92	0.14	0.00	0.45	0.00	0.00	1.87	(4.50)	2.72

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