Mmzkx Correlations

Mutual Funds . USA . 
Fund . Mmzkx
MMZKX Fund   12.75  0.05  0.39%   
The current 90-days correlation between Mmzkx and Vanguard Target Retirement is -0.05 (i.e., Good diversification). The correlation of Mmzkx 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.

Mmzkx Correlation With Market

Good diversification

The correlation between Mmzkx and DJI is -0.2 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mmzkx 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 Mmzkx. 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 industry.

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Mmzkx Mutual Fund performing well and Mmzkx 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 Mmzkx'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
VLXVX  0.43  0.01 (0.06) 0.11  0.40 
(0.47)
 1.07 
(0.80)
 2.93 
FBMTX  0.44  0.07 (0.01) 1.08  0.45 
(0.48)
 0.92 
(0.83)
 2.97 
RCPTX  0.44  0.02 (0.03) 0.12  0.48 
(0.46)
 0.84 
(0.83)
 3.01 
FAXTX  0.44  0.02 (0.03) 0.12  0.50 
(0.45)
 0.84 
(0.83)
 2.99 
RBEOX  0.44  0.02 (0.03) 0.12  0.48 
(0.45)
 0.79 
(0.84)
 3.02 
AAOTX  0.44  0.02 (0.03) 0.12  0.44 
(0.45)
 0.84 
(0.83)
 2.94 
RDLTX  0.43  0.02 (0.03) 0.12  0.45 
(0.46)
 0.78 
(0.78)
 3.05 
RHLTX  0.44  0.02 (0.03) 0.12  0.47 
(0.45)
 0.84 
(0.83)
 3.03 
RFVTX  0.44  0.02 (0.03) 0.12  0.49 
(0.46)
 0.83 
(0.83)
 3.02 
RBOTX  0.44  0.07 (0.02) 0.97  0.46 
(0.47)
 0.94 
(0.85)
 2.98 

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