Praxis Genesis Correlations
MBAPX Fund | USD 15.78 0.11 0.69% |
The current 90-days correlation between Praxis Genesis Balanced and Multisector Bond Sma is 0.11 (i.e., Average diversification). The correlation of Praxis Genesis 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.
Praxis Genesis Correlation With Market
Very weak diversification
The correlation between Praxis Genesis Balanced and DJI is 0.55 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Praxis Genesis Balanced and DJI in the same portfolio, assuming nothing else is changed.
Praxis |
Moving together with Praxis Mutual Fund
0.81 | MMSCX | Praxis Small Cap | PairCorr |
0.81 | MMSIX | Praxis Small Cap | PairCorr |
0.98 | MCONX | Praxis Genesis Servative | PairCorr |
0.95 | MVIIX | Praxis Value Index | PairCorr |
0.82 | MVIAX | Praxis Value Index | PairCorr |
0.73 | MGAFX | Praxis Genesis Growth | PairCorr |
0.73 | MIIIX | Praxis Impact Bond | PairCorr |
0.73 | MIIAX | Praxis Impact Bond | PairCorr |
0.98 | FBONX | American Funds American | PairCorr |
0.98 | FBAFX | American Funds American | PairCorr |
0.98 | ABALX | American Balanced | PairCorr |
0.98 | BALCX | American Balanced | PairCorr |
0.98 | RLBCX | American Balanced | PairCorr |
0.98 | RLBBX | American Balanced | PairCorr |
0.98 | CLBAX | American Balanced | PairCorr |
0.98 | CLBEX | American Balanced | PairCorr |
0.94 | RLBFX | American Balanced | PairCorr |
0.78 | WHIYX | Ivy High Income | PairCorr |
0.77 | IVHIX | Ivy High Income | PairCorr |
0.78 | IHIFX | Ivy High Income | PairCorr |
0.75 | WRHIX | Ivy High Income | PairCorr |
0.77 | WHIAX | Ivy High Income | PairCorr |
0.89 | CSJZX | Cohen Steers Realty | PairCorr |
0.9 | CSRSX | Cohen Steers Realty | PairCorr |
0.64 | RYHEX | Health Care Fund | PairCorr |
Moving against Praxis Mutual Fund
Related Correlations Analysis
0.95 | 0.89 | 0.88 | 0.86 | 0.92 | MBSAX | ||
0.95 | 0.94 | 0.84 | 0.85 | 0.91 | RESAX | ||
0.89 | 0.94 | 0.74 | 0.74 | 0.83 | DODLX | ||
0.88 | 0.84 | 0.74 | 0.91 | 0.89 | PRVBX | ||
0.86 | 0.85 | 0.74 | 0.91 | 0.94 | DLENX | ||
0.92 | 0.91 | 0.83 | 0.89 | 0.94 | PACEX | ||
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Risk-Adjusted Indicators
There is a big difference between Praxis Mutual Fund performing well and Praxis Genesis 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 Praxis Genesis' 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 | ||
---|---|---|---|---|---|---|---|---|---|---|
MBSAX | 0.19 | 0.02 | 0.31 | (0.40) | 0.18 | 0.37 | 1.34 | |||
RESAX | 0.21 | 0.03 | 0.26 | 0.46 | 0.16 | 0.49 | 1.60 | |||
DODLX | 0.25 | 0.03 | 0.24 | 0.22 | 0.24 | 0.57 | 1.69 | |||
PRVBX | 0.10 | 0.01 | 0.64 | (0.72) | 0.00 | 0.25 | 0.58 | |||
DLENX | 0.12 | 0.02 | 0.45 | 4.19 | 0.00 | 0.22 | 0.67 | |||
PACEX | 0.12 | 0.02 | 0.44 | (1.76) | 0.00 | 0.33 | 0.99 |