Mairs Power Correlations

MSCFX Fund

USD 33.37 0.48 1.46%

The current 90-days correlation between Mairs Power Small and Mairs Power Balanced is 0.89 (i.e., Very 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

Very poor diversification

The correlation between Mairs Power Small and DJI is 0.86 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mairs Power Small 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 Small. 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

0.81	MPGFX	Mairs Power Growth	Pair Corr
0.93	MAPOX	Mairs Power Balanced	Pair Corr
0.86	VSMAX	Vanguard Small Cap	Pair Corr
0.86	VSCIX	Vanguard Small Cap	Pair Corr
0.86	VSCPX	Vanguard Small Cap	Pair Corr
0.94	NAESX	Vanguard Small Cap	Pair Corr
0.88	FSSNX	Fidelity Small Cap	Pair Corr
0.87	DFSTX	Us Small Cap	Pair Corr
0.96	PASVX	T Rowe Price	Pair Corr
0.87	PRVIX	T Rowe Price	Pair Corr
0.87	TRZVX	T Rowe Price	Pair Corr
0.96	PRSVX	T Rowe Price	Pair Corr
0.97	CSDGX	Copeland Smid Cap	Pair Corr
0.8	VIGAX	Vanguard Growth Index	Pair Corr
0.87	RIFYX	Victory Rs Science	Pair Corr
0.78	FMILX	Fidelity New Millennium	Pair Corr
0.85	CLXRX	Columbia Large Cap	Pair Corr
0.68	ATAGX	Anchor Risk Managed	Pair Corr
0.71	RRTMX	T Rowe Price	Pair Corr
0.85	VINIX	Vanguard Institutional	Pair Corr
0.63	LEOIX	Lazard Enhanced Oppo	Pair Corr
0.89	HFMIX	Hartford Midcap	Pair Corr
0.62	FSAHX	Fidelity Short Duration	Pair Corr

Moving against Mairs Mutual Fund

0.56	GPBFX	Gmo E Plus	Pair Corr
0.43	GAAGX	Gmo Alternative Allo	Pair Corr
0.42	GAAKX	Gmo Alternative Allo	Pair Corr
0.35	GPMFX	Guidepath Managed Futures	Pair Corr

Related Correlations Analysis

	MAPOX	MPGFX	POSKX	PARMX	FMIJX
MAPOX		0.89	0.84	0.95	0.33	MAPOX
MPGFX	0.89		0.8	0.86	0.11	MPGFX
POSKX	0.84	0.8		0.86	0.45	POSKX
PARMX	0.95	0.86	0.86		0.35	PARMX
FMIJX	0.33	0.11	0.45	0.35		FMIJX
	MAPOX	MPGFX	POSKX	PARMX	FMIJX

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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
MAPOX	0.36	(0.02)	(0.17)	0.08	0.29	(0.38)	0.77	(0.65)	2.56
MPGFX	0.58	0.07	(0.06)	(1.36)	0.70	(0.56)	1.17	(1.31)	4.78
POSKX	0.65	(0.07)	(0.09)	0.05	0.83	(0.65)	1.40	(1.37)	3.64
PARMX	0.59	0.00	(0.03)	0.12	0.55	(0.66)	1.43	(1.10)	3.41
FMIJX	0.56	(0.07)	(0.16)	0.02	0.61	(0.65)	1.14	(0.99)	3.05

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