Mndvux Correlations
| MNDVUX Fund | 20.39 0.24 1.16% |
The current 90-days correlation between Mndvux and Vanguard Total Stock is 0.14 (i.e., Average diversification). The correlation of Mndvux 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.
Mndvux Correlation With Market
Modest diversification
The correlation between Mndvux and DJI is 0.28 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mndvux and DJI in the same portfolio, assuming nothing else is changed.
Mndvux |
Moving together with Mndvux Fund
| 0.62 | NCLEX | Nicholas Edition | PairCorr |
| 0.62 | WISEX | Azzad Wise Capital | PairCorr |
| 0.7 | RBENX | American Funds 2060 | PairCorr |
Moving against Mndvux Fund
| 0.47 | GGNPX | Goldman Sachs High | PairCorr |
| 0.43 | FMUSX | Federated Municipal | PairCorr |
| 0.41 | LLDYX | Lord Abbett Short | PairCorr |
| 0.4 | DFCMX | Dfa Calfrna Shrt | PairCorr |
| 0.4 | WSHNX | Short Duration Income | PairCorr |
| 0.35 | MCSAX | Mfs Modity Strategy | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between Mndvux Fund performing well and Mndvux 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 Mndvux'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| VTSAX | 0.64 | 0.04 | (0.02) | 0.19 | 0.87 | 1.30 | 5.93 | |||
| VFIAX | 0.61 | 0.03 | (0.03) | 0.18 | 0.85 | 1.23 | 5.48 | |||
| VTSMX | 0.64 | 0.04 | (0.02) | 0.19 | 0.87 | 1.29 | 5.95 | |||
| VITSX | 0.64 | 0.04 | (0.02) | 0.19 | 0.87 | 1.30 | 5.95 | |||
| VSTSX | 0.64 | 0.04 | (0.02) | 0.19 | 0.87 | 1.29 | 5.94 | |||
| VSMPX | 0.64 | 0.04 | (0.02) | 0.19 | 0.87 | 1.29 | 5.94 | |||
| VFINX | 0.61 | 0.03 | (0.03) | 0.18 | 0.85 | 1.23 | 5.48 | |||
| VFFSX | 0.61 | 0.03 | (0.02) | 0.18 | 0.85 | 1.23 | 5.47 | |||
| VGTSX | 0.53 | (0.04) | (0.13) | (0.03) | 0.74 | 1.13 | 3.44 | |||
| VTIAX | 0.53 | (0.04) | (0.13) | (0.03) | 0.75 | 1.12 | 3.47 |
Mndvux Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Mndvux fund to make a market-neutral strategy. Peer analysis of Mndvux could also be used in its relative valuation, which is a method of valuing Mndvux by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |