M Large Correlations

MTCGX Fund

USD 36.74 0.01 0.03%

The current 90-days correlation between M Large Cap and Vanguard Total Stock is 0.89 (i.e., Very poor diversification). The correlation of M Large 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.

M Large Correlation With Market

Poor diversification

The correlation between M Large Cap and DJI is 0.65 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding M Large Cap 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 M Large Cap. 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 price.

Moving together with MTCGX Mutual Fund

0.96	VTSAX	Vanguard Total Stock	Pair Corr
0.97	VFIAX	Vanguard 500 Index	Pair Corr
0.96	VTSMX	Vanguard Total Stock	Pair Corr
0.96	VITSX	Vanguard Total Stock	Pair Corr
0.96	VSTSX	Vanguard Total Stock	Pair Corr
0.96	VSMPX	Vanguard Total Stock	Pair Corr
0.97	VFINX	Vanguard 500 Index	Pair Corr
0.97	VFFSX	Vanguard 500 Index	Pair Corr
0.76	BAC	Bank of America Fiscal Year End 10th of January 2025	Pair Corr
0.67	DIS	Walt Disney Aggressive Push	Pair Corr
0.91	CSCO	Cisco Systems Aggressive Push	Pair Corr
0.76	HD	Home Depot	Pair Corr
0.68	XOM	Exxon Mobil Corp Sell-off Trend	Pair Corr
0.85	HPQ	HP Inc	Pair Corr
0.84	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr

Moving against MTCGX Mutual Fund

0.71	KO	Coca Cola Aggressive Push	Pair Corr
0.61	PFHCX	Pacific Funds Small	Pair Corr
0.77	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.73	JNJ	Johnson Johnson Fiscal Year End 28th of January 2025	Pair Corr
0.62	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr
0.58	PG	Procter Gamble	Pair Corr

Related Correlations Analysis

	VTSAX	VFIAX	VTSMX	VITSX	VSTSX	VSMPX	VFINX	VFFSX	VGTSX	VTIAX
VTSAX		1.0	1.0	1.0	1.0	1.0	1.0	1.0	-0.14	-0.14	VTSAX
VFIAX	1.0		1.0	1.0	1.0	1.0	1.0	1.0	-0.1	-0.1	VFIAX
VTSMX	1.0	1.0		1.0	1.0	1.0	1.0	1.0	-0.14	-0.14	VTSMX
VITSX	1.0	1.0	1.0		1.0	1.0	1.0	1.0	-0.14	-0.14	VITSX
VSTSX	1.0	1.0	1.0	1.0		1.0	1.0	1.0	-0.14	-0.14	VSTSX
VSMPX	1.0	1.0	1.0	1.0	1.0		1.0	1.0	-0.14	-0.14	VSMPX
VFINX	1.0	1.0	1.0	1.0	1.0	1.0		1.0	-0.1	-0.1	VFINX
VFFSX	1.0	1.0	1.0	1.0	1.0	1.0	1.0		-0.1	-0.1	VFFSX
VGTSX	-0.14	-0.1	-0.14	-0.14	-0.14	-0.14	-0.1	-0.1		1.0	VGTSX
VTIAX	-0.14	-0.1	-0.14	-0.14	-0.14	-0.14	-0.1	-0.1	1.0		VTIAX
	VTSAX	VFIAX	VTSMX	VITSX	VSTSX	VSMPX	VFINX	VFFSX	VGTSX	VTIAX

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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

VFIAX	+ 1.0	VTSAX
VTSMX	+ 1.0	VTSAX
VITSX	+ 1.0	VTSAX
VSTSX	+ 1.0	VTSAX
VSMPX	+ 1.0	VTSAX
VFINX	+ 1.0	VTSAX

High negative correlations

VTIAX	- 0.14	VSMPX
VGTSX	- 0.14	VSMPX
VTIAX	- 0.14	VSTSX
VGTSX	- 0.14	VSTSX
VTIAX	- 0.14	VITSX
VGTSX	- 0.14	VITSX

Risk-Adjusted Indicators

There is a big difference between MTCGX Mutual Fund performing well and M Large 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 M Large'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
VTSAX	0.58	0.01	0.00	0.13	0.64	(0.62)	1.29	(1.31)	4.11
VFIAX	0.56	0.00	(0.02)	0.12	0.65	(0.57)	1.17	(1.31)	3.84
VTSMX	0.58	0.01	0.00	0.13	0.64	(0.62)	1.29	(1.31)	4.11
VITSX	0.58	0.01	0.00	0.13	0.64	(0.62)	1.30	(1.31)	4.11
VSTSX	0.58	0.01	0.00	0.13	0.64	(0.62)	1.29	(1.31)	4.11
VSMPX	0.58	0.01	0.00	0.13	0.64	(0.62)	1.29	(1.30)	4.11
VFINX	0.56	0.00	(0.02)	0.12	0.65	(0.58)	1.17	(1.31)	3.84
VFFSX	0.56	0.00	(0.02)	0.12	0.65	(0.57)	1.17	(1.31)	3.84
VGTSX	0.63	(0.10)	0.00	(0.08)	0.00	0.00	1.45	(1.56)	4.09
VTIAX	0.63	(0.10)	0.00	(0.08)	0.00	0.00	1.44	(1.59)	4.11

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