Praxis Value Correlations

MVIIX Fund

USD 20.30 0.03 0.15%

The current 90-days correlation between Praxis Value Index and Vanguard Value Index is 0.99 (i.e., No risk reduction). The correlation of Praxis Value 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.

Praxis Value Correlation With Market

Almost no diversification

The correlation between Praxis Value Index and DJI is 0.92 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Praxis Value Index 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 Praxis Value Index. 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 Praxis Mutual Fund

0.86	MMDEX	Praxis Growth Index	Pair Corr
0.93	MMSCX	Praxis Small Cap	Pair Corr
0.93	MMSIX	Praxis Small Cap	Pair Corr
0.74	MBAPX	Praxis Genesis Balanced	Pair Corr
1.0	MVIAX	Praxis Value Index	Pair Corr
0.88	MGAFX	Praxis Genesis Growth	Pair Corr
0.86	MGNDX	Praxis Growth Index	Pair Corr
0.98	VVIAX	Vanguard Value Index	Pair Corr
0.96	DOXGX	Dodge Cox Stock	Pair Corr
0.9	AFMFX	American Mutual	Pair Corr
0.89	FFMMX	American Funds American	Pair Corr
0.9	FFFMX	American Funds American	Pair Corr
0.89	AMRMX	American Mutual	Pair Corr
0.89	AMFFX	American Mutual	Pair Corr
0.89	AMFCX	American Mutual	Pair Corr
0.96	DODGX	Dodge Stock Fund	Pair Corr
0.98	VIVAX	Vanguard Value Index	Pair Corr
0.98	FSEIX	Nuveen Mid Cap	Pair Corr
0.85	CFCRX	Columbia Flexible Capital	Pair Corr
0.73	PGAIX	Pimco Global Multi	Pair Corr
0.95	AMGOX	Alger Mid Cap	Pair Corr
0.94	TLCYX	Touchstone Large Cap	Pair Corr
0.95	AMVYX	Mid Cap Value	Pair Corr
0.98	WWLAX	Westwood Largecap Value	Pair Corr

Moving against Praxis Mutual Fund

0.6	MIIAX	Praxis Impact Bond	Pair Corr
0.6	GAAGX	Gmo Alternative Allo	Pair Corr
0.59	MIIIX	Praxis Impact Bond	Pair Corr
0.59	GAAKX	Gmo Alternative Allo	Pair Corr
0.59	GPBFX	Gmo E Plus	Pair Corr
0.37	GPMFX	Guidepath Managed Futures	Pair Corr

Related Correlations Analysis

	VVIAX	DOXGX	AFMFX	FFMMX	FFFMX	AMRMX	AMFFX	AMFCX	DODGX	VIVAX
VVIAX		0.95	0.96	0.96	0.96	0.95	0.95	0.95	0.95	1.0	VVIAX
DOXGX	0.95		0.87	0.87	0.87	0.87	0.87	0.86	1.0	0.95	DOXGX
AFMFX	0.96	0.87		1.0	1.0	1.0	1.0	1.0	0.87	0.96	AFMFX
FFMMX	0.96	0.87	1.0		1.0	1.0	1.0	1.0	0.87	0.96	FFMMX
FFFMX	0.96	0.87	1.0	1.0		1.0	1.0	1.0	0.87	0.96	FFFMX
AMRMX	0.95	0.87	1.0	1.0	1.0		1.0	1.0	0.87	0.96	AMRMX
AMFFX	0.95	0.87	1.0	1.0	1.0	1.0		1.0	0.87	0.95	AMFFX
AMFCX	0.95	0.86	1.0	1.0	1.0	1.0	1.0		0.86	0.95	AMFCX
DODGX	0.95	1.0	0.87	0.87	0.87	0.87	0.87	0.86		0.95	DODGX
VIVAX	1.0	0.95	0.96	0.96	0.96	0.96	0.95	0.95	0.95		VIVAX
	VVIAX	DOXGX	AFMFX	FFMMX	FFFMX	AMRMX	AMFFX	AMFCX	DODGX	VIVAX

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Risk-Adjusted Indicators

There is a big difference between Praxis Mutual Fund performing well and Praxis Value 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 Praxis Value'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
VVIAX	0.51	0.00	(0.05)	0.11	0.38	(0.62)	1.05	(0.83)	3.45
DOXGX	0.52	(0.01)	(0.05)	0.10	0.44	(0.59)	0.94	(0.93)	4.22
AFMFX	0.46	(0.02)	(0.11)	0.09	0.43	(0.52)	0.90	(0.86)	2.68
FFMMX	0.46	(0.02)	(0.11)	0.09	0.43	(0.52)	0.90	(0.86)	2.66
FFFMX	0.45	(0.02)	(0.11)	0.09	0.42	(0.52)	0.90	(0.86)	2.68
AMRMX	0.46	(0.02)	(0.12)	0.08	0.43	(0.52)	0.91	(0.86)	2.66
AMFFX	0.46	(0.02)	(0.12)	0.08	0.43	(0.52)	0.90	(0.86)	2.68
AMFCX	0.46	(0.02)	(0.12)	0.08	0.43	(0.52)	0.90	(0.88)	2.68
DODGX	0.52	(0.01)	(0.05)	0.10	0.44	(0.59)	0.94	(0.94)	4.22
VIVAX	0.51	0.00	(0.05)	0.11	0.39	(0.62)	1.05	(0.83)	3.45

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