Marsico Focus Correlations

Mutual Funds . USA . 
Fund . Marsico Focus Fund
MFOCX Fund  USD 31.05  0.08  0.26%   
The current 90-days correlation between Marsico Focus and Marsico Growth Fund is 0.99 (i.e., No risk reduction). The correlation of Marsico Focus 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.

Marsico Focus Correlation With Market

Poor diversification

The correlation between Marsico Focus Fund and DJI is 0.66 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Marsico Focus Fund 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 Marsico Focus Fund. 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 main economic indicators.

Moving together with Marsico Mutual Fund

  0.94MXXIX Marsico 21st CenturyPairCorr
  0.92MGLBX Marsico GlobalPairCorr
  0.99MGRIX Marsico GrowthPairCorr
  0.97MIDFX Marsico Midcap GrowthPairCorr
  1.0MIFOX Marsico FocusPairCorr
  0.84MIIOX Marsico InternationalPairCorr
  0.84MIOFX Marsico InternationalPairCorr
  0.95FAFGX American FundsPairCorr
  0.95FFAFX American FundsPairCorr
  0.94GFACX Growth FundPairCorr
  0.99GFAFX Growth FundPairCorr
  0.99AGTHX Growth FundPairCorr
  0.99CGFFX Growth FundPairCorr
  0.99CGFCX Growth FundPairCorr
  0.94CGFAX Growth FundPairCorr
  0.99CGFEX Growth FundPairCorr
  0.99RGAEX Growth FundPairCorr
  0.7PFN Pimco Income StrategyPairCorr
  0.81XNKGX Nuveen Georgia QualityPairCorr
  0.85XPPRX Voya Prime RatePairCorr
  0.81PCF Putnam High IncomePairCorr
  0.82LEOIX Lazard Enhanced OppoPairCorr
  0.83FFRHX Fidelity Advisor FloatingPairCorr
  0.87MSVVX Mesirow Financial SmallPairCorr
  0.99CLXRX Columbia Large CapPairCorr
  0.94VFINX Vanguard 500 IndexPairCorr
  0.98JHEQX Jpmorgan Hedged EquityPairCorr
  0.99VIGAX Vanguard Growth IndexPairCorr
  0.9CSDGX Copeland Smid CapPairCorr
  0.94SECIX Guggenheim Large CapPairCorr
  0.8FSAHX Fidelity Short DurationPairCorr
  0.84FEQIX Fidelity Equity IncomePairCorr
  0.67LIADX Lifex Inflation-protecPairCorr

Moving against Marsico Mutual Fund

  0.33XDSMX Dreyfus StrategicPairCorr
  0.67XNXJX Nuveen New JerseyPairCorr
  0.61XNBHX Neuberger Berman IntPairCorr
  0.39NXJ Nuveen New JerseyPairCorr

Related Correlations Analysis

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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   
SLASX
+ 0.94
MGRIX
PSFAX
+ 0.84
MGRIX
SLASX
+ 0.83
PSFAX
PSFAX
+ 0.65
PAHIX
PAHIX
+ 0.62
MGRIX
SLASX
+ 0.56
PAHIX
  
High negative correlations   
CIVVX
- 0.66
PSFAX
CIVVX
- 0.5
MGRIX
CIVVX
- 0.47
SLASX
CIVVX
- 0.22
PAHIX

Risk-Adjusted Indicators

There is a big difference between Marsico Mutual Fund performing well and Marsico Focus 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 Marsico Focus' 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.

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