Mexico Closed Correlations

MXF Fund

USD 14.07 0.25 1.81%

The current 90-days correlation between Mexico Closed and Blackrock Muniyield Pennsylvania is 0.02 (i.e., Significant diversification). The correlation of Mexico Closed 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 Closed Correlation With Market

Significant diversification

The correlation between Mexico Closed and DJI is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mexico Closed 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 Closed. 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

0.8	GF	New Germany Closed	Pair Corr
0.64	APHYX	Artisan Developing World	Pair Corr
0.63	ATMCX	Pimco Unconstrained Tax	Pair Corr
0.8	PEQUX	Putnam Global Equity	Pair Corr
0.62	HCVFX	The Hartford Servative	Pair Corr
0.64	CNAAX	Columbia Conservative 529	Pair Corr

Moving against Mexico Fund

0.44

AXBIX

Intermediate Term Tax

Pair Corr

Related Correlations Analysis

	MPA	PYN	FGB	SWZ	NXG	CEE	TWN	JOF	HIX	HIO
MPA		0.79	0.03	0.1	0.49	0.19	-0.52	-0.06	0.73	-0.07	MPA
PYN	0.79		-0.44	-0.13	0.03	-0.07	-0.6	-0.36	0.67	-0.3	PYN
FGB	0.03	-0.44		0.52	0.58	0.58	0.34	0.76	0.16	0.68	FGB
SWZ	0.1	-0.13	0.52		0.45	0.69	0.09	0.31	0.09	0.46	SWZ
NXG	0.49	0.03	0.58	0.45		0.57	-0.25	0.25	0.39	0.41	NXG
CEE	0.19	-0.07	0.58	0.69	0.57		0.0	0.32	0.2	0.49	CEE
TWN	-0.52	-0.6	0.34	0.09	-0.25	0.0		0.62	-0.37	0.32	TWN
JOF	-0.06	-0.36	0.76	0.31	0.25	0.32	0.62		0.12	0.69	JOF
HIX	0.73	0.67	0.16	0.09	0.39	0.2	-0.37	0.12		0.31	HIX
HIO	-0.07	-0.3	0.68	0.46	0.41	0.49	0.32	0.69	0.31		HIO
	MPA	PYN	FGB	SWZ	NXG	CEE	TWN	JOF	HIX	HIO

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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

PYN	+ 0.79	MPA
JOF	+ 0.76	FGB
HIX	+ 0.73	MPA
CEE	+ 0.69	SWZ
HIO	+ 0.69	JOF
HIO	+ 0.68	FGB

High negative correlations

TWN	- 0.6	PYN
TWN	- 0.52	MPA
FGB	- 0.44	PYN
HIX	- 0.37	TWN
JOF	- 0.36	PYN
HIO	- 0.3	PYN

Risk-Adjusted Indicators

There is a big difference between Mexico Fund performing well and Mexico Closed 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 Closed'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
MPA	0.63	(0.03)	(0.11)	(0.02)	0.79	(0.65)	1.26	(1.34)	3.40
PYN	0.51	(0.05)	0.00	(0.13)	0.00	0.00	0.88	(1.00)	3.07
FGB	0.72	0.14	0.05	0.83	0.94	(0.80)	1.72	(1.25)	5.45
SWZ	0.80	0.11	0.04	0.46	0.80	(0.89)	1.45	(1.54)	7.15
NXG	1.75	0.23	0.05	0.64	2.97	(1.55)	3.57	(4.92)	14.49
CEE	1.77	0.35	0.16	1.21	1.54	(2.13)	5.25	(3.06)	14.20
TWN	1.13	0.02	(0.03)	0.16	1.54	(1.17)	2.13	(2.11)	7.31
JOF	0.73	0.08	0.03	0.38	0.75	(0.81)	1.83	(1.30)	4.00
HIX	0.59	0.00	(0.06)	0.09	0.75	(0.62)	1.20	(1.18)	4.25
HIO	0.50	0.03	(0.06)	0.21	0.44	(0.78)	1.06	(1.02)	3.35

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