Marsico Growth Correlations

Mutual Funds . USA . 
Fund . Marsico Growth Fund
MGRIX Fund  USD 27.98  0.05  0.18%   
The current 90-days correlation between Marsico Growth and Marsico International Opportunities is 0.89 (i.e., Very poor diversification). The correlation of Marsico Growth 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 Growth Correlation With Market

Poor diversification

The correlation between Marsico Growth Fund and DJI is 0.69 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Marsico Growth 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 Growth 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 gross domestic product.

Moving together with Marsico Mutual Fund

  0.99MFOCX Marsico FocusPairCorr
  0.95MXXIX Marsico 21st CenturyPairCorr
  0.92MGLBX Marsico GlobalPairCorr
  0.97MIDFX Marsico Midcap GrowthPairCorr
  0.92MIGOX Marsico GlobalPairCorr
  0.96MIGWX Marsico GrowthPairCorr
  0.99MIFOX Marsico FocusPairCorr
  0.83MIIOX Marsico InternationalPairCorr
  0.83MIOFX Marsico InternationalPairCorr
  0.95FAFGX American FundsPairCorr
  0.95FFAFX American FundsPairCorr
  0.95GFACX Growth FundPairCorr
  0.99GFAFX Growth FundPairCorr
  0.99AGTHX Growth FundPairCorr
  0.99CGFFX Growth FundPairCorr
  0.99CGFCX Growth FundPairCorr
  0.95CGFAX Growth FundPairCorr
  0.99CGFEX Growth FundPairCorr
  0.99RGAEX Growth FundPairCorr
  0.74PFN Pimco Income StrategyPairCorr
  0.85XNKGX Nuveen Georgia QualityPairCorr
  0.86XPPRX Voya Prime RatePairCorr
  0.84PCF Putnam High IncomePairCorr
  0.87LEOIX Lazard Enhanced OppoPairCorr
  0.86FFRHX Fidelity Advisor FloatingPairCorr
  0.85MSVVX Mesirow Financial SmallPairCorr
  0.99CLXRX Columbia Large CapPairCorr
  0.94VFINX Vanguard 500 IndexPairCorr
  0.98JHEQX Jpmorgan Hedged EquityPairCorr
  0.99VIGAX Vanguard Growth IndexPairCorr
  0.88CSDGX Copeland Smid CapPairCorr
  0.93SECIX Guggenheim Large CapPairCorr
  0.85FSAHX Fidelity Short DurationPairCorr
  0.86FEQIX Fidelity Equity IncomePairCorr

Moving against Marsico Mutual Fund

  0.66XNXJX Nuveen New JerseyPairCorr
  0.6XNBHX Neuberger Berman IntPairCorr
  0.34NXJ Nuveen New JerseyPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

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

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