Mai Managed Correlations

DIVPX Fund

USD 16.15 0.01 0.06%

The current 90-days correlation between Mai Managed Volatility and Mai Managed Volatility is 0.99 (i.e., No risk reduction). The correlation of Mai Managed 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.

Mai Managed Correlation With Market

Significant diversification

The correlation between Mai Managed Volatility and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mai Managed Volatility and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Mai Managed Volatility. 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 american community survey.

Moving together with Mai Mutual Fund

1.0	MAIPX	Mai Managed Volatility	Pair Corr
0.97	JHQCX	Jpmorgan Hedged Equity	Pair Corr
0.97	JHEQX	Jpmorgan Hedged Equity	Pair Corr
0.97	JHQAX	Jpmorgan Hedged Equity	Pair Corr
0.98	GTENX	Gateway Fund Class	Pair Corr
0.98	GTECX	Gateway Fund Class	Pair Corr
0.98	GTEYX	Gateway Fund Class	Pair Corr
0.98	GATEX	Gateway Fund Class	Pair Corr
0.93	JHDCX	Jpmorgan Hedged Equity	Pair Corr
0.86	JHDRX	Jpmorgan Hedged Equity	Pair Corr
0.93	JHDAX	Jpmorgan Hedged Equity	Pair Corr
0.71	KNPCX	Kinetics Paradigm	Pair Corr
0.72	IIRFX	Voya Russia Fund	Pair Corr
0.78	KMKCX	Kinetics Market Oppo	Pair Corr
0.72	WWNPX	Kinetics Paradigm	Pair Corr
0.72	KNPYX	Kinetics Paradigm	Pair Corr
0.72	KNPAX	Kinetics Paradigm	Pair Corr
0.68	LETRX	Voya Russia Fund	Pair Corr
0.78	KMKAX	Kinetics Market Oppo	Pair Corr
0.89	EFCAX	Emerald Insights	Pair Corr
0.85	FCSZX	Franklin Vertible Potential Growth	Pair Corr
0.8	LUBYX	Lord Abbett Ultra	Pair Corr
0.89	MXGSX	Great West Multi	Pair Corr
0.87	ASYMX	Alger Weatherbie Spe	Pair Corr
0.94	PLCIX	Voya Large Cap	Pair Corr
0.84	FIMSX	Fidelity Municipal Income	Pair Corr
0.98	ETY	Eaton Vance Tax	Pair Corr
0.94	CTHRX	Columbia Global Tech	Pair Corr
0.91	ALMRX	Alger Midcap Growth	Pair Corr
0.92	ASG	Liberty All Star	Pair Corr
0.91	FLICX	Deutsche Munications	Pair Corr
0.67	PSAPX	Smallcap Sp 600	Pair Corr
0.84	ODIDX	Oaktree Diversifiedome	Pair Corr
0.82	CSFRX	Columbia Large Cap	Pair Corr

Related Correlations Analysis

	MAIPX	VIGIX	DCFGX	AOUIX	JHQDX	TQEZX	HGOTX	IIXIX	CMGIX
MAIPX		0.96	0.92	0.79	0.87	0.89	0.96	0.9	0.92	MAIPX
VIGIX	0.96		0.95	0.79	0.86	0.92	0.99	0.9	0.9	VIGIX
DCFGX	0.92	0.95		0.8	0.94	0.92	0.94	0.92	0.9	DCFGX
AOUIX	0.79	0.79	0.8		0.7	0.86	0.78	0.92	0.81	AOUIX
JHQDX	0.87	0.86	0.94	0.7		0.86	0.86	0.85	0.83	JHQDX
TQEZX	0.89	0.92	0.92	0.86	0.86		0.92	0.95	0.83	TQEZX
HGOTX	0.96	0.99	0.94	0.78	0.86	0.92		0.9	0.9	HGOTX
IIXIX	0.9	0.9	0.92	0.92	0.85	0.95	0.9		0.9	IIXIX
CMGIX	0.92	0.9	0.9	0.81	0.83	0.83	0.9	0.9		CMGIX
	MAIPX	VIGIX	DCFGX	AOUIX	JHQDX	TQEZX	HGOTX	IIXIX	CMGIX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Mai Mutual Fund performing well and Mai Managed 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 Mai Managed'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
MAIPX	0.15	0.03	(0.05)	1.82	0.16	(0.18)	0.33	(0.26)	1.78
VIGIX	0.69	0.15	0.09	4.27	0.88	(0.68)	1.63	(1.47)	5.90
DCFGX	0.79	0.14	0.07	2.45	1.13	(0.73)	1.42	(1.51)	6.38
AOUIX	0.04	0.00	(0.40)	0.10	0.00	(0.17)	0.10	(0.10)	0.51
JHQDX	0.28	0.04	0.00	1.18	0.48	(0.28)	0.61	(0.66)	2.79
TQEZX	0.03	0.01	0.00	(1.05)	0.00	0.00	0.11	0.00	0.34
HGOTX	0.79	0.18	0.10	1.55	1.10	(0.76)	1.71	(1.75)	5.92
IIXIX	0.10	0.02	(0.15)	4.55	0.00	(0.14)	0.22	(0.22)	0.66
CMGIX	0.94	0.12	0.06	0.50	1.21	(1.02)	1.98	(1.98)	7.83

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC

Mai Managed Correlations

Mai Managed Correlation With Market

Significant diversification

Moving together with Mai Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY