Global Concentrated Correlations

MLNIX Fund

USD 24.29 0.03 0.12%

The current 90-days correlation between Global Centrated Por and Morningstar Municipal Bond is -0.21 (i.e., Very good diversification). The correlation of Global Concentrated 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.

Global Concentrated Correlation With Market

Good diversification

The correlation between Global Centrated Portfolio and DJI is -0.04 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Global Centrated Portfolio 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 Global Centrated Portfolio. 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 Global Mutual Fund

0.99	MLMCX	Global E Portfolio	Pair Corr
0.94	MLNSX	Global Centrated Por	Pair Corr
0.94	MLMIX	Global E Portfolio	Pair Corr
0.99	MLMSX	Global E Portfolio	Pair Corr
0.94	MLNAX	Global Centrated Por	Pair Corr
0.88	MMCGX	Mid Cap Growth Steady Growth	Pair Corr
0.67	MNOPX	International Opportunity	Pair Corr
0.69	THYUX	High Yield Fund	Pair Corr
0.87	MPAIX	Advantage Portfolio Class	Pair Corr
0.85	MPEGX	Mid Cap Growth Steady Growth	Pair Corr
0.92	TLGUX	Large Cap Equity	Pair Corr
0.74	MRHYX	Msift High Yield	Pair Corr
0.67	MRNPX	Msif International	Pair Corr
0.89	MAAQX	Morgan Stanley Insti	Pair Corr
0.88	MAAUX	Morgan Stanley Insti	Pair Corr
0.85	MADSX	Msif Advantage Port	Pair Corr
0.85	MACGX	Mid Cap Growth Steady Growth	Pair Corr

Moving against Global Mutual Fund

0.79	TIIUX	Core Fixed Income	Pair Corr
0.72	MPFDX	Corporate Bond Portfolio	Pair Corr
0.65	TILUX	Inflation Linked Fixed	Pair Corr
0.47	TIEUX	International Equity	Pair Corr
0.74	MSBOX	Corporate Bond Portfolio	Pair Corr
0.55	MSBKX	Morgan Stanley Insti	Pair Corr
0.51	MSDKX	Morgan Stanley Insti	Pair Corr

Related Correlations Analysis

	MSTPX	FYMNX	TMNIX	OKMUX	BIDPX	ICAXX	VSBSX
MSTPX		0.87	0.98	0.88	0.98	0.0	0.76	MSTPX
FYMNX	0.87		0.85	0.75	0.87	0.0	0.73	FYMNX
TMNIX	0.98	0.85		0.9	0.98	0.0	0.76	TMNIX
OKMUX	0.88	0.75	0.9		0.94	0.0	0.63	OKMUX
BIDPX	0.98	0.87	0.98	0.94		0.0	0.78	BIDPX
ICAXX	0.0	0.0	0.0	0.0	0.0		0.0	ICAXX
VSBSX	0.76	0.73	0.76	0.63	0.78	0.0		VSBSX
	MSTPX	FYMNX	TMNIX	OKMUX	BIDPX	ICAXX	VSBSX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

TMNIX	+ 0.98	MSTPX
BIDPX	+ 0.98	MSTPX
BIDPX	+ 0.98	TMNIX
BIDPX	+ 0.94	OKMUX
OKMUX	+ 0.9	TMNIX
OKMUX	+ 0.88	MSTPX

High negative correlations

VSBSX	- 0.0	ICAXX
ICAXX	- 0.0	BIDPX
ICAXX	- 0.0	OKMUX
ICAXX	- 0.0	TMNIX
ICAXX	- 0.0	FYMNX
ICAXX	- 0.0	MSTPX

Risk-Adjusted Indicators

There is a big difference between Global Mutual Fund performing well and Global Concentrated 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 Global Concentrated'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
MSTPX	0.11	0.00	(0.26)	(0.02)	0.16	(0.17)	0.30	(0.30)	1.10
FYMNX	0.13	0.01	(0.28)	0.00	0.18	(0.20)	0.37	(0.28)	1.39
TMNIX	0.14	(0.01)	(0.23)	(0.04)	0.25	(0.21)	0.36	(0.36)	1.65
OKMUX	0.14	(0.02)	0.00	(0.24)	0.00	0.00	0.29	(0.47)	1.52
BIDPX	0.14	(0.01)	(0.28)	(0.07)	0.22	(0.18)	0.27	(0.45)	1.36
ICAXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
VSBSX	0.08	(0.01)	(0.92)	(0.75)	0.06	(0.10)	0.15	(0.10)	0.62

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