Mmodx Correlations

MMODX Fund

9.35 0.01 0.11%

The current 90-days correlation between Mmodx and Fbanjx is 0.29 (i.e., Modest diversification). The correlation of Mmodx 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.

Mmodx Correlation With Market

Very good diversification

The correlation between Mmodx and DJI is -0.22 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mmodx 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 Mmodx. 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 Mmodx Mutual Fund

0.78

MPSAX

Massmutual Premier

Pair Corr

Moving against Mmodx Mutual Fund

0.45	MMELX	Massmutual Select Mid	Pair Corr
0.44	MMIEX	Mm Sp 500	Pair Corr
0.44	MMINX	Mm Sp 500	Pair Corr
0.44	MMIZX	Mm Sp 500	Pair Corr
0.44	MMNGX	Mmngx	Pair Corr
0.43	MMOJX	Mmojx	Pair Corr
0.42	MOORX	Massmutual Premier Small	Pair Corr
0.4	MMFFX	Mm Sp 500	Pair Corr
0.4	MMNJX	Mmnjx	Pair Corr
0.4	DLBMX	Massmutual Premier Small	Pair Corr
0.39	MMGEX	Massmutual Select Small	Pair Corr
0.36	MMNBX	Mmnbx	Pair Corr
0.32	MMJCX	Massmutual Advantage	Pair Corr
0.43	MOSNX	Massmutual Select	Pair Corr
0.43	MOSLX	Massmutual Select	Pair Corr
0.43	MOSZX	Massmutual Select	Pair Corr
0.43	MOSYX	Massmutual Select	Pair Corr
0.43	MOSFX	Massmutual Select	Pair Corr
0.43	MSERX	Massmutual Select Small	Pair Corr
0.41	MSCDX	Massmutual Premier Small	Pair Corr
0.41	MSCLX	Massmutual Premier Small	Pair Corr
0.41	MSCYX	Massmutual Select Small	Pair Corr
0.4	MOSAX	Massmutual Select	Pair Corr

Related Correlations Analysis

	FFCGX	LMUSX	FWNHTX	FANISX	IEMSX	FBANJX
FFCGX		0.91	-0.72	-0.63	0.87	0.99	FFCGX
LMUSX	0.91		-0.77	-0.58	0.66	0.9	LMUSX
FWNHTX	-0.72	-0.77		0.61	-0.57	-0.69	FWNHTX
FANISX	-0.63	-0.58	0.61		-0.64	-0.56	FANISX
IEMSX	0.87	0.66	-0.57	-0.64		0.82	IEMSX
FBANJX	0.99	0.9	-0.69	-0.56	0.82		FBANJX
	FFCGX	LMUSX	FWNHTX	FANISX	IEMSX	FBANJX

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

FBANJX	+ 0.99	FFCGX
LMUSX	+ 0.91	FFCGX
FBANJX	+ 0.9	LMUSX
IEMSX	+ 0.87	FFCGX
FBANJX	+ 0.82	IEMSX
IEMSX	+ 0.66	LMUSX

High negative correlations

FWNHTX	- 0.77	LMUSX
FWNHTX	- 0.72	FFCGX
FBANJX	- 0.69	FWNHTX
IEMSX	- 0.64	FANISX
FANISX	- 0.63	FFCGX
FANISX	- 0.58	LMUSX

Risk-Adjusted Indicators

There is a big difference between Mmodx Mutual Fund performing well and Mmodx 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 Mmodx'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
FFCGX	0.54	0.03	0.03	0.09	0.73	(0.52)	1.03	(1.31)	2.84
LMUSX	0.62	0.03	0.02	0.09	0.77	(0.62)	1.14	(1.35)	4.94
FWNHTX	0.52	(0.26)	0.00	0.70	0.00	0.00	0.01	(0.02)	8.62
FANISX	0.20	(0.04)	0.00	(0.32)	0.00	0.00	0.33	(0.43)	1.23
IEMSX	0.66	0.14	0.10	0.90	0.83	(0.73)	1.43	(1.62)	4.17
FBANJX	0.44	0.00	(0.02)	0.04	0.55	(0.47)	0.95	(1.05)	2.55

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

2026 Macroaxis LLC