Mexico Equity Correlations

MXE Fund

USD 8.38 0.13 1.53%

The current 90-days correlation between Mexico Equity And and MFS Investment Grade is -0.24 (i.e., Very good diversification). The correlation of Mexico Equity 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.

Mexico Equity Correlation With Market

Modest diversification

The correlation between Mexico Equity And and DJI is 0.28 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mexico Equity And 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 Mexico Equity And. Also, note that the market value of any fund could be closely tied with the direction of predictive economic indicators such as signals in interest.

Moving together with Mexico Fund

0.9	MXF	Mexico Closed	Pair Corr
0.62	IIF	Morgan Stanley India	Pair Corr
0.75	NNY	Nuveen New York	Pair Corr
0.61	MMM	3M Company Fiscal Year End 28th of January 2025	Pair Corr
0.61	KO	Coca Cola Aggressive Push	Pair Corr

Moving against Mexico Fund

0.65	FEN	First Trust Energy	Pair Corr
0.63	JPM	JPMorgan Chase Fiscal Year End 10th of January 2025	Pair Corr
0.48	DIS	Walt Disney	Pair Corr
0.44	WMT	Walmart Aggressive Push	Pair Corr
0.44	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr
0.32	T	ATT Inc Aggressive Push	Pair Corr

Related Correlations Analysis

	CXH	EOT	MQT	MVF	DTF	MUE	MQY	CXE
CXH		0.67	0.69	0.65	0.48	0.81	0.72	0.73	CXH
EOT	0.67		0.73	0.49	0.25	0.67	0.74	0.74	EOT
MQT	0.69	0.73		0.85	0.16	0.81	0.89	0.89	MQT
MVF	0.65	0.49	0.85		0.14	0.8	0.86	0.81	MVF
DTF	0.48	0.25	0.16	0.14		0.42	0.06	0.11	DTF
MUE	0.81	0.67	0.81	0.8	0.42		0.77	0.74	MUE
MQY	0.72	0.74	0.89	0.86	0.06	0.77		0.93	MQY
CXE	0.73	0.74	0.89	0.81	0.11	0.74	0.93		CXE
	CXH	EOT	MQT	MVF	DTF	MUE	MQY	CXE

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Risk-Adjusted Indicators

There is a big difference between Mexico Fund performing well and Mexico Equity 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 Mexico Equity'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
CXH	0.31	0.02	(0.15)	0.39	0.38	(0.35)	0.62	(0.62)	2.10
EOT	0.35	0.02	(0.18)	(1.09)	0.38	(0.41)	0.75	(0.86)	2.08
MQT	0.43	(0.04)	0.00	(0.10)	0.00	0.00	0.87	(0.92)	2.73
MVF	0.46	(0.01)	(0.15)	(0.34)	0.61	(0.54)	0.83	(1.06)	2.81
DTF	0.23	0.01	(0.29)	(0.27)	0.24	(0.28)	0.54	(0.36)	1.96
MUE	0.39	0.03	(0.13)	(1.15)	0.47	(0.40)	0.85	(0.76)	2.47
MQY	0.40	(0.02)	0.00	1.08	0.00	0.00	0.81	(1.07)	2.74
CXE	0.50	(0.02)	(0.15)	0.00	0.57	(0.63)	1.33	(1.04)	3.34

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