Quantex Fund Correlations

Mutual Funds . USA . 
Fund . Quantex Fund Retail
FLCGX Fund  USD 34.00  0.13  0.38%   
The current 90-days correlation between Quantex Fund Retail and Muirfield Fund Retail is 0.99 (i.e., No risk reduction). The correlation of Quantex Fund 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.

Quantex Fund Correlation With Market

Poor diversification

The correlation between Quantex Fund Retail and DJI is 0.72 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Quantex Fund Retail 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 Quantex Fund Retail. 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 Quantex Mutual Fund

  0.96SRUAX Spectrum Fund AdviserPairCorr
  1.0QNTAX Quantex Fund AdviserPairCorr
  0.68IFAIX Infrastructure FundPairCorr
  0.99BLNAX Balanced Fund AdviserPairCorr
  1.0FLDGX Dynamic GrowthPairCorr
  0.99FLDFX Balanced Fund RetailPairCorr
  0.96FLSPX Spectrum Fund RetailPairCorr
  0.95DVOIX Dividend OpportunitiesPairCorr
  0.7GBPAX Global OpportunitiesPairCorr
  0.84CGRGX American Funds GrowthPairCorr
  0.84FPGGX American Funds GrowthPairCorr
  0.84FGPGX American Funds GrowthPairCorr
  0.64MUTHX Franklin Mutual SharesPairCorr
  0.64TESRX Franklin Mutual SharesPairCorr
  0.64FMSHX Franklin Mutual SharesPairCorr
  0.83GWPCX American Funds GrowthPairCorr
  0.84GWPFX American Funds GrowthPairCorr
  0.84GWPAX American Funds GrowthPairCorr
  0.84CGQGX American Funds GrowthPairCorr

Moving against Quantex Mutual Fund

  0.31USGDX Morgan Stanley GovernmentPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Quantex Mutual Fund performing well and Quantex Fund 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 Quantex Fund'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.

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