Marsico Focus Correlations

Mutual Funds . USA . 
Fund . Marsico Focus
MIFOX Fund  USD 28.21  0.14  0.49%   
The current 90-days correlation between Marsico Focus and Marsico International Opportunities is 0.82 (i.e., Very poor diversification). 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

Very poor diversification

The correlation between Marsico Focus and DJI is 0.85 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Marsico Focus 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. 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 metropolitan statistical area.

Moving together with Marsico Mutual Fund

  0.73MFOCX Marsico FocusPairCorr
  0.77MXXIX Marsico 21st CenturyPairCorr
  0.79MGLBX Marsico GlobalPairCorr
  0.77MIDFX Marsico Midcap GrowthPairCorr
  0.79MIGOX Marsico GlobalPairCorr
  0.77MIGWX Marsico GrowthPairCorr
  0.86MIIOX Marsico InternationalPairCorr
  0.86MIOFX Marsico InternationalPairCorr
  0.77GFACX Growth FundPairCorr
  0.75AGTHX Growth FundPairCorr
  0.78GFAFX Growth FundPairCorr
  0.74FAFGX American FundsPairCorr
  0.74FFAFX American FundsPairCorr
  0.74CGFFX Growth FundPairCorr
  0.72CGFCX Growth FundPairCorr
  0.74CGFAX Growth FundPairCorr
  0.73CGFEX Growth FundPairCorr
  0.61NHS Neuberger Berman HighPairCorr
  0.71ASICX Invesco Asia PacificPairCorr
  0.93LANIX Qs Growth FundPairCorr
  0.83COFRX Columbia Trarian CorePairCorr
  0.67MEIKX Mfs Value FundPairCorr
  0.64VEMAX Vanguard Emerging MarketsPairCorr
  0.72CPCRX Comstock Capital ValuePairCorr
  0.7GIMDX Goldman Sachs LocalPairCorr
  0.74BMGAX Blackrock Mid CapPairCorr
  0.78JORNX Janus Global SelectPairCorr
  0.7GTCSX Small Cap EquityPairCorr
  0.72TWQIX Transamerica Large CapPairCorr
  0.68CEUFX Europacific GrowthPairCorr

Related Correlations Analysis


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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