Mairs Power Correlations

Mutual Funds . USA . 
Fund . Mairs Power Balanced
MAPOX Fund  USD 112.69  1.11  0.99%   
The current 90-days correlation between Mairs Power Balanced and Mairs Power Growth is 0.79 (i.e., Poor diversification). The correlation of Mairs Power 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.

Mairs Power Correlation With Market

Poor diversification

The correlation between Mairs Power Balanced and DJI is 0.65 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mairs Power Balanced 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 Mairs Power Balanced. 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 persons.

Moving together with Mairs Mutual Fund

  0.77MPGFX Mairs Power GrowthPairCorr
  0.79FBONX American Funds AmericanPairCorr
  0.79FBAFX American Funds AmericanPairCorr
  0.79ABALX American BalancedPairCorr
  0.78BALCX American BalancedPairCorr
  0.79BALFX American BalancedPairCorr
  0.78RLBCX American BalancedPairCorr
  0.77RLBBX American BalancedPairCorr
  0.79CLBAX American BalancedPairCorr
  0.79CLBEX American BalancedPairCorr
  0.79RLBFX American BalancedPairCorr
  0.69VSTSX Vanguard Total StockPairCorr
  0.69VITSX Vanguard Total StockPairCorr
  0.72VFFSX Vanguard 500 IndexPairCorr
  0.85VGTSX Vanguard Total InterPairCorr
  0.85VTIAX Vanguard Total InterPairCorr
  0.67THYCX High Yield FundPairCorr
  0.8FTFZX Franklin Federal LimPairCorr
  0.75MGHYX Deutsche Global HighPairCorr
  0.83RESAX Rbc Bluebay EmergingPairCorr
  0.73RYMNX Precious MetalsPairCorr
  0.8IMYCX Voya High YieldPairCorr
  0.69TUNAX Transamerica UnconstrainedPairCorr
  0.79BKMBX Blackrock SystematicPairCorr
  0.86DFISX International Small PanyPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

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

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
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY