Mairs Power Correlations

Mutual Funds . USA . 
Fund . Mairs Power Growth
MPGFX Fund  USD 180.18  0.78  0.43%   
The current 90-days correlation between Mairs Power Growth and Meridian Trarian Fund is -0.02 (i.e., Good diversification). The correlation of Mairs Power 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.

Mairs Power Correlation With Market

Good diversification

The correlation between Mairs Power Growth and DJI is -0.05 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mairs Power Growth 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 Mairs Power Growth. 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 census.

Moving together with Mairs Mutual Fund

  0.89MAPOX Mairs Power BalancedPairCorr
  0.81MSCFX Mairs Power SmallPairCorr
  0.93VTSAX Vanguard Total StockPairCorr
  0.98VFIAX Vanguard 500 IndexPairCorr
  0.93VTSMX Vanguard Total StockPairCorr
  0.99VITSX Vanguard Total StockPairCorr
  0.93VSMPX Vanguard Total StockPairCorr
  0.93VSTSX Vanguard Total StockPairCorr
  0.98VFINX Vanguard 500 IndexPairCorr
  0.93VFFSX Vanguard 500 IndexPairCorr
  0.93VINIX Vanguard InstitutionalPairCorr
  0.93VIIIX Vanguard InstitutionalPairCorr
  0.87SMPIX Semiconductor UltrasectorPairCorr
  0.8SMPSX Semiconductor UltrasectorPairCorr
  0.88LSHEX Kinetics Spin Off Steady GrowthPairCorr
  0.82RSNRX Victory Global NaturalPairCorr
  0.8RSNYX Victory Global NaturalPairCorr
  0.8FIKGX Fidelity Advisor SemPairCorr
  0.96RMQAX Monthly RebalancePairCorr
  0.79RGNCX Victory Global NaturalPairCorr
  0.96RMQHX Monthly RebalancePairCorr
  0.91LSHAX Horizon Spin Off Steady GrowthPairCorr
  0.92JHEQX Jpmorgan Hedged EquityPairCorr
  0.98VIGAX Vanguard Growth IndexPairCorr
  0.92FAGIX Fidelity Capital IncomePairCorr
  0.73FSAHX Fidelity Short DurationPairCorr
  0.82FFRHX Fidelity Advisor FloatingPairCorr
  0.78VDAFX Dynamic AllocationPairCorr
  0.89JDCAX Janus Forty FundPairCorr
  0.89HFMIX Hartford MidcapPairCorr
  0.9VWENX Vanguard WellingtonPairCorr
  0.76LEOIX Lazard Enhanced OppoPairCorr
  0.62VMIAX Vanguard Materials IndexPairCorr
  0.85SMAPX Salient Mlp EnergyPairCorr
  0.72VFORX Vanguard Target RetiPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Mairs Mutual Fund performing well and Mairs Power 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 Mairs Power'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.

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