Marsico Growth Correlations

Mutual Funds . USA . 
Fund . Marsico Growth Fund
MGRIX Fund  USD 26.94  0.01  0.04%   
The current 90-days correlation between Marsico Growth and Marsico Focus Fund is 0.98 (i.e., Almost no 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

Modest diversification

The correlation between Marsico Growth Fund and DJI is 0.23 (i.e., Modest 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

  0.96MFOCX Marsico FocusPairCorr
  0.84MXXIX Marsico 21st CenturyPairCorr
  0.82MIDFX Marsico Midcap GrowthPairCorr
  0.92MIGWX Marsico GrowthPairCorr
  0.96MIFOX Marsico FocusPairCorr
  0.73MIIOX Marsico InternationalPairCorr
  0.77MIOFX Marsico InternationalPairCorr
  0.91FAFGX American FundsPairCorr
  0.91FFAFX American FundsPairCorr
  0.9GFACX Growth FundPairCorr
  0.91GFAFX Growth FundPairCorr
  0.91CGFFX Growth FundPairCorr
  0.9CGFCX Growth FundPairCorr
  0.91CGFAX Growth FundPairCorr
  0.91CGFEX Growth FundPairCorr
  0.91RGAEX Growth FundPairCorr
  0.79RYVLX Nasdaq 100 2xPairCorr
  0.79RYVYX Nasdaq 100 2xPairCorr
  0.86RYCCX Nasdaq 100 2xPairCorr
  0.64BIPIX Biotechnology UltrasectorPairCorr
  0.74FSCWX Nuveen Small CapPairCorr
  0.65NEZNX Loomis Sayles StrategicPairCorr
  0.74FCECX Fidelity Advisor SumerPairCorr

Related Correlations Analysis

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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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