Marsico International Correlations

MIIOX Fund

USD 25.11 0.19 0.76%

The current 90-days correlation between Marsico International and Plan Investment is 0.04 (i.e., Significant diversification). The correlation of Marsico International 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 International Correlation With Market

Very weak diversification

The correlation between Marsico International Opportun and DJI is 0.57 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Marsico International Opportun 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 International Opportunities. 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 persons.

Moving together with Marsico Mutual Fund

0.84	MFOCX	Marsico Focus	Pair Corr
0.72	MXXIX	Marsico 21st Century	Pair Corr
0.82	MGLBX	Marsico Global	Pair Corr
0.82	MGRIX	Marsico Growth	Pair Corr
0.71	MIDFX	Marsico Midcap Growth	Pair Corr
0.82	MIGOX	Marsico Global	Pair Corr
0.77	MIGWX	Marsico Growth	Pair Corr
0.84	MIFOX	Marsico Focus	Pair Corr
1.0	MIOFX	Marsico International	Pair Corr
0.81	VIGAX	Vanguard Growth Index	Pair Corr
0.76	WBCIX	William Blair Small	Pair Corr
0.8	VTSAX	Vanguard Total Stock	Pair Corr
0.85	THMAX	Thrivent Moderate	Pair Corr
0.76	VFIAX	Vanguard 500 Index	Pair Corr
0.83	AGTHX	Growth Fund	Pair Corr
0.8	FCNTX	Fidelity Contrafund	Pair Corr
0.77	VFINX	Vanguard 500 Index	Pair Corr
0.79	RYVYX	Nasdaq 100 2x	Pair Corr
0.65	SCRYX	Small Cap Core	Pair Corr
0.69	RIV	Rivernorth Opportunities	Pair Corr
0.88	VNSNX	Vaughan Nelson Select	Pair Corr
0.83	VTMFX	Vanguard Tax Managed	Pair Corr

Moving against Marsico Mutual Fund

0.62

PFHCX

Pacific Funds Small

Pair Corr

Related Correlations Analysis

	PIMXX	STPXX	TIMXX	FRQXX	INFXX	TRZXX	ESDCX	QCMMIX
PIMXX		0.85	0.92	0.37	0.37	0.37	0.61	0.52	PIMXX
STPXX	0.85		0.93	0.43	0.43	0.43	0.67	0.59	STPXX
TIMXX	0.92	0.93		0.4	0.4	0.4	0.64	0.56	TIMXX
FRQXX	0.37	0.43	0.4		1.0	1.0	0.52	0.86	FRQXX
INFXX	0.37	0.43	0.4	1.0		1.0	0.52	0.86	INFXX
TRZXX	0.37	0.43	0.4	1.0	1.0		0.52	0.86	TRZXX
ESDCX	0.61	0.67	0.64	0.52	0.52	0.52		0.6	ESDCX
QCMMIX	0.52	0.59	0.56	0.86	0.86	0.86	0.6		QCMMIX
	PIMXX	STPXX	TIMXX	FRQXX	INFXX	TRZXX	ESDCX	QCMMIX

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 International 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 International'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	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
PIMXX	0.03	0.00	0.00	0.41	0.00	0.00	0.00	1.01
STPXX	0.03	0.01	0.00	(0.12)	0.00	0.00	0.00	1.01
TIMXX	0.03	0.00	0.00	0.45	0.00	0.00	0.00	1.01
FRQXX	0.03	0.01	0.00	(0.38)	0.00	0.00	0.00	1.01
INFXX	0.03	0.01	0.00	(0.38)	0.00	0.00	0.00	1.01
TRZXX	0.03	0.01	0.00	(0.38)	0.00	0.00	0.00	1.01
ESDCX	0.07	0.00	(0.86)	0.99	(0.16)	0.11	(0.11)	0.57
QCMMIX	0.02	0.01	0.00	(2.65)	0.00	0.03	0.00	0.07

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