Muirfield Fund Correlations

FLMFX Fund

USD 8.92 0.01 0.11%

The current 90-days correlation between Muirfield Fund Retail and Quantex Fund Retail is 0.97 (i.e., Almost no diversification). The correlation of Muirfield 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.

Muirfield Fund Correlation With Market

Poor diversification

The correlation between Muirfield Fund Retail and DJI is 0.74 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Muirfield 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 Muirfield 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 census.

Moving together with Muirfield Mutual Fund

0.99	SRUAX	Spectrum Fund Adviser	Pair Corr
0.99	SRUIX	Spectrum Fund Instit	Pair Corr
0.93	QNTAX	Quantex Fund Adviser	Pair Corr
0.87	QNTIX	Quantex Fund Institu	Pair Corr
0.98	BLNIX	Balanced Fund Instit	Pair Corr
0.98	BLNAX	Balanced Fund Adviser	Pair Corr
0.97	FLCGX	Quantex Fund Retail	Pair Corr
0.92	FLDOX	Dividend Opportunities	Pair Corr
0.98	FLDGX	Dynamic Growth	Pair Corr
0.99	FLDFX	Balanced Fund Retail	Pair Corr
0.66	FLFGX	Global Opportunities	Pair Corr
0.87	FLMIX	Muirfield Fund Insti	Pair Corr
1.0	FLMAX	Muirfield Fund Adviser	Pair Corr
0.99	FLSPX	Spectrum Fund Retail	Pair Corr
0.91	DVOIX	Dividend Opportunities	Pair Corr
0.82	DVOAX	Dividend Opportunities	Pair Corr
0.93	DYGIX	Dynamic Growth	Pair Corr
0.87	DYGAX	Dynamic Growth	Pair Corr

Moving against Muirfield Mutual Fund

0.42

QREARX

Teachers Insurance And

Pair Corr

Related Correlations Analysis

	FLCGX	FLRUX	FLDGX	FLDFX	FLSPX
FLCGX		0.69	1.0	0.99	0.96	FLCGX
FLRUX	0.69		0.71	0.69	0.52	FLRUX
FLDGX	1.0	0.71		0.99	0.96	FLDGX
FLDFX	0.99	0.69	0.99		0.97	FLDFX
FLSPX	0.96	0.52	0.96	0.97		FLSPX
	FLCGX	FLRUX	FLDGX	FLDFX	FLSPX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Risk-Adjusted Indicators

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

	Mean Deviation	Jensen Alpha	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
FLCGX	0.76	(0.03)	(0.07)	1.35	(1.59)	4.40
FLRUX	0.29	(0.01)	(0.08)	0.56	(0.59)	1.60
FLDGX	0.72	(0.03)	(0.07)	1.41	(1.56)	4.08
FLDFX	0.56	(0.03)	(0.09)	0.94	(1.16)	3.13
FLSPX	0.77	(0.06)	(0.10)	1.47	(1.69)	4.16

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