Maingate Mlp Correlations

MLCPX Fund

USD 9.16 0.06 0.66%

The current 90-days correlation between Maingate Mlp and Cb Large Cap is 0.38 (i.e., Weak diversification). The correlation of Maingate Mlp 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.

Maingate Mlp Correlation With Market

Weak diversification

The correlation between Maingate Mlp Fund and DJI is 0.37 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Maingate Mlp 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 Maingate Mlp 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 american community survey.

Moving together with Maingate Mutual Fund

1.0	AMLPX	Maingate Mlp	Pair Corr
1.0	IMLPX	Maingate Mlp	Pair Corr
0.99	TORCX	Tortoise Mlp Pipeline	Pair Corr
0.97	MLPTX	Oppenheimer Steelpath Mlp	Pair Corr
0.99	OSPSX	Oppenheimer Steelpath Mlp	Pair Corr
0.95	MLPZX	Oppenheimer Steelpath Mlp	Pair Corr
0.91	OSPMX	Oppenheimer Steelpath Mlp	Pair Corr
0.95	MLPDX	Oppenheimer Steelpath Mlp	Pair Corr
0.94	MLPRX	Oppenheimer Steelpath Mlp	Pair Corr
0.99	GMLPX	Goldman Sachs Mlp	Pair Corr
0.99	GLPIX	Goldman Sachs Mlp	Pair Corr
0.96	GLPRX	Goldman Sachs Mlp	Pair Corr
0.98	NML	Neuberger Berman Mlp	Pair Corr
0.88	ABVCX	Ab Value Fund	Pair Corr
0.81	VFIAX	Vanguard 500 Index	Pair Corr
0.83	BDJ	Blackrock Enhanced Equity	Pair Corr
0.84	AMEIX	Equity Growth	Pair Corr
0.88	BPIRX	Boston Partners Longshort	Pair Corr
0.86	LMBAX	Qs Small Capitalization	Pair Corr
0.93	AMGOX	Alger Mid Cap	Pair Corr
0.81	TWQZX	Transamerica Large Cap	Pair Corr
0.81	FXAIX	Fidelity 500 Index	Pair Corr
0.86	GUMPX	Guggenheim Market Neutral	Pair Corr
0.85	VLISX	Vanguard Large Cap	Pair Corr
0.81	VFINX	Vanguard 500 Index	Pair Corr
0.86	NUSAX	Nationwide Government	Pair Corr
0.72	THOPX	Thompson Bond	Pair Corr
0.86	FSKAX	Fidelity Total Market	Pair Corr
0.8	PWTAX	Ubs Allocation	Pair Corr

Moving against Maingate Mutual Fund

0.61	NHS	Neuberger Berman High	Pair Corr
0.44	PFHCX	Pacific Funds Small	Pair Corr

Related Correlations Analysis

	CBLSX	DOXGX	LMISX	FIOOX	PCPAX	LMTIX	TAGRX
CBLSX		0.89	0.92	0.91	0.96	0.92	0.94	CBLSX
DOXGX	0.89		0.94	0.97	0.93	0.94	0.9	DOXGX
LMISX	0.92	0.94		0.94	0.98	1.0	0.98	LMISX
FIOOX	0.91	0.97	0.94		0.94	0.94	0.91	FIOOX
PCPAX	0.96	0.93	0.98	0.94		0.98	0.97	PCPAX
LMTIX	0.92	0.94	1.0	0.94	0.98		0.98	LMTIX
TAGRX	0.94	0.9	0.98	0.91	0.97	0.98		TAGRX
	CBLSX	DOXGX	LMISX	FIOOX	PCPAX	LMTIX	TAGRX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Maingate Mutual Fund performing well and Maingate Mlp 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 Maingate Mlp'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
CBLSX	0.49	(0.03)	(0.10)	0.08	0.51	(0.57)	0.94	(1.01)	2.58
DOXGX	0.52	0.09	(0.05)	(1.61)	0.45	(0.59)	0.94	(0.93)	4.22
LMISX	0.60	0.03	0.02	0.16	0.72	(0.69)	1.28	(1.49)	4.05
FIOOX	0.52	0.10	(0.03)	4.69	0.35	(0.63)	1.06	(0.84)	3.54
PCPAX	0.50	(0.01)	(0.06)	0.11	0.34	(0.60)	0.96	(0.90)	3.97
LMTIX	0.60	0.03	0.02	0.16	0.72	(0.68)	1.33	(1.49)	4.07
TAGRX	0.58	(0.01)	(0.03)	0.11	0.73	(0.58)	0.99	(1.43)	4.03

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC