Mid Cap Correlations

MGPIX Fund

USD 109.80 0.52 0.47%

The current 90-days correlation between Mid Cap Growth and Small Cap Growth Profund is 0.24 (i.e., Modest diversification). The correlation of Mid Cap 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.

Mid Cap Correlation With Market

Average diversification

The correlation between Mid Cap Growth Profund and DJI is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mid Cap Growth Profund 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 Mid Cap Growth Profund. 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 gross domestic product.

Moving together with Mid Mutual Fund

0.69	TEPIX	Technology Ultrasector	Pair Corr
0.68	TEPSX	Technology Ultrasector	Pair Corr
0.9	MLPSX	Mid Cap Value	Pair Corr
0.89	MLPIX	Mid Cap Value	Pair Corr
0.85	ULPIX	Ultrabull Profund	Pair Corr
0.86	ULPSX	Ultrabull Profund	Pair Corr
0.89	SVPIX	Small Cap Value	Pair Corr
0.89	SVPSX	Small Cap Value	Pair Corr
0.92	UMPSX	Ultramid Cap Profund Steady Growth	Pair Corr
0.92	UMPIX	Ultramid Cap Profund Steady Growth	Pair Corr

Moving against Mid Mutual Fund

0.98	UIPSX	Ultrashort Mid Cap	Pair Corr
0.91	UIPIX	Ultrashort Mid Cap	Pair Corr
0.79	BRPIX	Bear Profund Bear	Pair Corr
0.79	BRPSX	Bear Profund Bear	Pair Corr
0.6	SRPSX	Short Real Estate	Pair Corr
0.59	SRPIX	Short Real Estate	Pair Corr
0.6	RRPSX	Rising Rates Opportunity Potential Growth	Pair Corr
0.6	RRPIX	Rising Rates Opportunity Potential Growth	Pair Corr
0.49	RTPSX	Rising Rates Opportunity	Pair Corr
0.46	RTPIX	Rising Rates Opportunity	Pair Corr

Related Correlations Analysis

	SGPIX	MLPIX	SVPIX	MDPIX	LGPIX
SGPIX		0.94	0.93	0.95	0.04	SGPIX
MLPIX	0.94		0.97	1.0	0.19	MLPIX
SVPIX	0.93	0.97		0.96	0.33	SVPIX
MDPIX	0.95	1.0	0.96		0.18	MDPIX
LGPIX	0.04	0.19	0.33	0.18		LGPIX
	SGPIX	MLPIX	SVPIX	MDPIX	LGPIX

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Risk-Adjusted Indicators

There is a big difference between Mid Mutual Fund performing well and Mid Cap 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 Mid Cap'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
SGPIX	0.91	(0.04)	0.00	(0.05)	0.00	0.00	1.69	(1.67)	9.85
MLPIX	0.70	0.03	0.02	0.10	0.94	(0.71)	1.41	(1.40)	8.46
SVPIX	0.87	0.03	0.02	0.09	1.08	(0.94)	1.70	(1.72)	10.25
MDPIX	0.70	0.02	0.00	0.05	0.97	(0.70)	1.42	(1.20)	7.98
LGPIX	0.79	0.08	0.05	(1.66)	1.08	(0.76)	1.64	(1.86)	5.87

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