Mercer Funds Correlations

MSCQX Fund

11.95 0.07 0.59%

The current 90-days correlation between Mercer Funds and Mercer Emerging Markets is 0.45 (i.e., Very weak diversification). The correlation of Mercer Funds 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.

Mercer Funds Correlation With Market

Weak diversification

The correlation between Mercer Funds and DJI is 0.31 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mercer Funds 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 Mercer Funds . 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 producer price index.

Moving together with Mercer Mutual Fund

0.75	MNCSX	Mercer Non Core	Pair Corr
0.76	MNCEX	Mercer Non Core	Pair Corr

Related Correlations Analysis

	MNCSX	MNCEX	MOFTX	MOFIX	MSDYX	MCFIX	MCFQX	MEMSX
MNCSX		1.0	0.02	0.04	-0.15	0.12	0.18	0.24	MNCSX
MNCEX	1.0		0.04	0.06	-0.13	0.13	0.19	0.25	MNCEX
MOFTX	0.02	0.04		0.98	0.91	0.72	0.79	0.91	MOFTX
MOFIX	0.04	0.06	0.98		0.89	0.69	0.73	0.91	MOFIX
MSDYX	-0.15	-0.13	0.91	0.89		0.72	0.76	0.83	MSDYX
MCFIX	0.12	0.13	0.72	0.69	0.72		0.89	0.72	MCFIX
MCFQX	0.18	0.19	0.79	0.73	0.76	0.89		0.74	MCFQX
MEMSX	0.24	0.25	0.91	0.91	0.83	0.72	0.74		MEMSX
	MNCSX	MNCEX	MOFTX	MOFIX	MSDYX	MCFIX	MCFQX	MEMSX

Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

MNCEX	+ 1.0	MNCSX
MOFIX	+ 0.98	MOFTX
MSDYX	+ 0.91	MOFTX
MEMSX	+ 0.91	MOFTX
MEMSX	+ 0.91	MOFIX
MSDYX	+ 0.89	MOFIX

High negative correlations

MSDYX	- 0.15	MNCSX
MSDYX	- 0.13	MNCEX

Risk-Adjusted Indicators

There is a big difference between Mercer Mutual Fund performing well and Mercer Funds 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 Mercer Funds' 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
MNCSX	0.71	(0.01)	(0.03)	(2.51)	1.75	(0.69)	1.19	(1.24)	10.38
MNCEX	0.72	0.00	(0.03)	0.84	1.72	(0.73)	1.16	(1.23)	10.31
MOFTX	0.11	0.01	(0.27)	0.71	0.00	(0.18)	0.24	(0.12)	0.83
MOFIX	0.10	0.01	(0.23)	(3.36)	0.00	(0.17)	0.24	(0.12)	0.95
MSDYX	0.07	0.01	(0.38)	0.58	0.00	(0.18)	0.30	(0.10)	0.50
MCFIX	0.14	0.01	(0.19)	0.78	0.00	(0.18)	0.34	(0.22)	0.67
MCFQX	0.14	0.00	(0.24)	0.09	0.07	(0.19)	0.33	(0.22)	0.67
MEMSX	0.60	0.17	0.14	32.30	0.59	(0.67)	1.61	(1.17)	3.66

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2026 Macroaxis LLC