Mesirow Financial Correlations

MSVIX Fund

USD 5.16 0.07 1.34%

The current 90-days correlation between Mesirow Financial Small and Ab Bond Inflation is -0.11 (i.e., Good diversification). The correlation of Mesirow Financial 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.

Mesirow Financial Correlation With Market

Pay attention - limited upside

The correlation between Mesirow Financial Small and DJI is -0.72 (i.e., Pay attention - limited upside) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mesirow Financial 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 Mesirow Financial 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 gross domestic product.

Moving together with Mesirow Mutual Fund

0.96

MSVVX

Mesirow Financial Small

Pair Corr

Moving against Mesirow Mutual Fund

0.84	PRVIX	T Rowe Price	Pair Corr
0.81	PASVX	T Rowe Price	Pair Corr
0.7	VSMAX	Vanguard Small Cap	Pair Corr
0.7	VSCIX	Vanguard Small Cap	Pair Corr
0.7	VSCPX	Vanguard Small Cap	Pair Corr
0.68	NAESX	Vanguard Small Cap	Pair Corr
0.66	FTHSX	Fuller Thaler Behavioral	Pair Corr
0.66	FTHNX	Fuller Thaler Behavioral	Pair Corr
0.65	DFSTX	Us Small Cap	Pair Corr
0.63	MFHIX	Mesirow Financial High	Pair Corr
0.63	FSSNX	Fidelity Small Cap	Pair Corr
0.53	LSHEX	Kinetics Spin Off	Pair Corr
0.49	OEPSX	Oil Equipment Services	Pair Corr
0.49	OEPIX	Oil Equipment Services	Pair Corr
0.96	HRACX	Hartford Growth	Pair Corr
0.82	OSCIX	Oppenheimer Intl Small	Pair Corr
0.8	DMCYX	Dreyfus Opportunistic	Pair Corr
0.77	ICLLX	Transamerica Asset	Pair Corr
0.74	VARBX	Vivaldi Merger Arbitrage	Pair Corr
0.73	FPIOX	Strategic Advisers Income	Pair Corr
0.72	EKWDX	Wells Fargo Advantage	Pair Corr
0.72	TIHYX	Tiaa-cref High-yield	Pair Corr
0.71	NWEIX	Nationwide Destination	Pair Corr
0.69	BLAVX	Lord Abbett Multi	Pair Corr
0.67	AMKIX	Emerging Markets	Pair Corr
0.67	EMSLX	Shelton Emerging Markets	Pair Corr
0.65	GCIGX	Gamco International	Pair Corr
0.63	LFTAX	Lincoln Inflation Plus	Pair Corr
0.61	NCATX	Northern California Tax	Pair Corr
0.54	VHYAX	Vanguard High Dividend	Pair Corr
0.43	SRGIX	Stringer Growth	Pair Corr
0.92	WIGRX	Wasatch E Growth	Pair Corr
0.89	WMKTX	Wesmark Tactical Opp	Pair Corr
0.84	BSCFX	Baron Small Cap	Pair Corr
0.83	HDGCX	Hartford Dividend	Pair Corr
0.72	THOGX	Thornburg Global Opp	Pair Corr
0.68	CUSOX	Columbia Ultra Short	Pair Corr

Related Correlations Analysis

	ANBIX	ABNCX	AUNTX	QCILIX	FIFGX	WAFAX	GSCFX	ABNTX
ANBIX		0.92	0.91	0.98	0.88	0.86	0.85	1.0	ANBIX
ABNCX	0.92		0.85	0.91	0.8	0.89	0.89	0.93	ABNCX
AUNTX	0.91	0.85		0.88	0.91	0.73	0.71	0.91	AUNTX
QCILIX	0.98	0.91	0.88		0.86	0.91	0.9	0.98	QCILIX
FIFGX	0.88	0.8	0.91	0.86		0.73	0.72	0.88	FIFGX
WAFAX	0.86	0.89	0.73	0.91	0.73		0.99	0.86	WAFAX
GSCFX	0.85	0.89	0.71	0.9	0.72	0.99		0.86	GSCFX
ABNTX	1.0	0.93	0.91	0.98	0.88	0.86	0.86		ABNTX
	ANBIX	ABNCX	AUNTX	QCILIX	FIFGX	WAFAX	GSCFX	ABNTX

Risk-Adjusted Indicators

There is a big difference between Mesirow Mutual Fund performing well and Mesirow Financial 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 Mesirow Financial'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
ANBIX	0.08	0.00	(0.27)	(0.17)	0.00	(0.11)	0.19	(0.19)	0.38
ABNCX	0.07	0.00	(0.29)	(0.05)	0.00	(0.10)	0.10	(0.20)	0.39
AUNTX	0.08	0.02	(0.12)	0.77	0.00	(0.12)	0.19	(0.09)	0.37
QCILIX	0.09	0.00	(0.27)	(0.44)	0.00	(0.10)	0.21	(0.16)	0.42
FIFGX	0.97	0.28	0.18	6.81	1.05	(1.09)	1.97	(1.68)	6.34
WAFAX	0.14	0.00	(0.16)	0.06	0.10	(0.18)	0.32	(0.21)	0.64
GSCFX	0.13	0.00	(0.18)	0.02	0.10	(0.17)	0.32	(0.22)	0.65
ABNTX	0.08	0.00	(0.24)	(0.19)	0.00	(0.11)	0.19	(0.19)	0.39

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