Mairs Power Correlations

MPGFX Fund

USD 173.57 0.99 0.57%

The current 90-days correlation between Mairs Power Growth and Meridian Trarian Fund is 0.69 (i.e., Poor 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

Weak diversification

The correlation between Mairs Power Growth and DJI is 0.38 (i.e., Weak 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

0.9	MAPOX	Mairs Power Balanced	Pair Corr
0.96	MSCFX	Mairs Power Small	Pair Corr
0.62	VINIX	Vanguard Institutional	Pair Corr
0.62	VIIIX	Vanguard Institutional	Pair Corr
0.8	LIIAX	Columbia Porate Income	Pair Corr
0.78	SRINX	Columbia Porate Income	Pair Corr
0.71	CIFRX	Columbia Porate Income	Pair Corr
0.84	WRHIX	Ivy High Income	Pair Corr
0.79	WHIAX	Ivy High Income	Pair Corr
0.83	IHIFX	Ivy High Income	Pair Corr
0.83	IVHIX	Ivy High Income	Pair Corr
0.77	MLMSX	Global E Portfolio	Pair Corr
0.82	AACJX	American Century One	Pair Corr
0.75	ETTGX	Eaton Vance Tax	Pair Corr
0.8	QGRCX	Oppenheimer Gbl Alloc	Pair Corr
0.91	VSIAX	Vanguard Small Cap	Pair Corr
0.68	RGELX	Rbc Global Equity	Pair Corr
0.77	RARPX	American Funds Retirement	Pair Corr
0.8	PODCX	Pacific Funds Portfolio	Pair Corr

Moving against MAIRS Mutual Fund

0.75	RYAQX	Inverse Government Long	Pair Corr
0.44	PMSBX	Midcap Fund R	Pair Corr
0.33	TFAIX	T Rowe Price	Pair Corr
0.49	PPNSX	Smallcap Growth	Pair Corr
0.49	CTYRX	Columbia Global Tech	Pair Corr
0.44	FORFX	Forum Real Estate	Pair Corr
0.43	MYFRX	Pioneer Multi Asset	Pair Corr

Related Correlations Analysis

	MVALX	MAPOX	CFIMX	MERDX	MUHLX
MVALX		0.87	0.81	0.86	0.79	MVALX
MAPOX	0.87		0.84	0.94	0.73	MAPOX
CFIMX	0.81	0.84		0.71	0.88	CFIMX
MERDX	0.86	0.94	0.71		0.6	MERDX
MUHLX	0.79	0.73	0.88	0.6		MUHLX
	MVALX	MAPOX	CFIMX	MERDX	MUHLX

Click cells to compare fundamentals

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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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
MVALX	0.81	0.01	(0.02)	0.10	1.10	(0.81)	1.48	(1.54)	7.35
MAPOX	0.40	0.00	(0.09)	0.09	0.46	(0.43)	0.98	(0.61)	3.89
CFIMX	0.78	(0.03)	(0.04)	0.00	1.67	(0.74)	1.18	(1.45)	12.43
MERDX	0.73	0.05	0.01	0.16	0.88	(0.72)	1.43	(1.49)	6.96
MUHLX	0.75	(0.12)	0.00	(0.15)	0.00	0.00	1.31	(1.24)	10.60

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