Madison E Correlations

MBOAX Fund

USD 9.10 0.01 0.11%

The current 90-days correlation between Madison E Bond and Us Government Securities is 0.16 (i.e., Average diversification). The correlation of Madison E 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.

Madison E Correlation With Market

Average diversification

The correlation between Madison E Bond and DJI is 0.11 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Madison E Bond 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 Madison E Bond. 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 nation.

Moving together with Madison Mutual Fund

0.73	MMDCX	Madison Moderate All	Pair Corr
0.63	MAACX	Madison Aggressive	Pair Corr
0.63	MBLAX	Madison Diversified	Pair Corr
1.0	MBOIX	Madison Core Bond	Pair Corr
0.96	MBORX	Madison Funds	Pair Corr
0.96	MBOYX	Madison E Bond	Pair Corr
0.86	MCOCX	Madison Conservative	Pair Corr
0.75	MCNAX	Madison Conservative	Pair Corr
0.71	MFSIX	Mfs Series Trust	Pair Corr
0.71	MFSYX	Madison Funds	Pair Corr
0.95	MIIRX	Madison Funds	Pair Corr
0.98	MIIBX	Madison High Quality	Pair Corr
0.86	MINAX	Madison International	Pair Corr
0.86	MINYX	Madison International	Pair Corr
0.77	GTFHX	Madison Tax Free	Pair Corr

Moving against Madison Mutual Fund

0.52	MENAX	Madison Ered Call	Pair Corr
0.51	MENRX	Madison Ered Call	Pair Corr
0.47	MSCRX	Madison Small Cap	Pair Corr
0.46	BVAOX	Broadview Opportunity	Pair Corr
0.46	MSCIX	Madison Small Cap	Pair Corr
0.46	MASMX	Madison Small Cap	Pair Corr
0.46	MENIX	Madison Funds	Pair Corr
0.43	MDCIX	Madison Mid Cap	Pair Corr
0.41	MMCRX	Madison Mid Cap	Pair Corr
0.36	MENCX	Madison Ered Call	Pair Corr
0.52	MENYX	Madison Ered Call	Pair Corr
0.43	MERAX	Madison Mid Cap	Pair Corr
0.41	GTSGX	Madison Mid Cap	Pair Corr

Related Correlations Analysis

	UGSDX	WMBDX	SIGVX	VSBIX	MXDQX	DPIGX	BIGLX
UGSDX		0.6	0.9	0.87	0.62	0.85	0.62	UGSDX
WMBDX	0.6		0.82	0.85	0.96	0.91	0.96	WMBDX
SIGVX	0.9	0.82		0.96	0.82	0.97	0.82	SIGVX
VSBIX	0.87	0.85	0.96		0.9	0.96	0.89	VSBIX
MXDQX	0.62	0.96	0.82	0.9		0.89	0.99	MXDQX
DPIGX	0.85	0.91	0.97	0.96	0.89		0.89	DPIGX
BIGLX	0.62	0.96	0.82	0.89	0.99	0.89		BIGLX
	UGSDX	WMBDX	SIGVX	VSBIX	MXDQX	DPIGX	BIGLX

Click cells to compare fundamentals

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Risk-Adjusted Indicators

There is a big difference between Madison Mutual Fund performing well and Madison E 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 Madison E'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
UGSDX	0.03	0.00	0.00	(0.24)	0.00	0.00	0.00	0.00	0.52
WMBDX	0.25	0.00	0.22	(0.03)	0.26	(0.32)	0.63	(0.51)	1.43
SIGVX	0.06	0.01	0.80	(0.82)	0.00	(0.17)	0.10	(0.10)	0.61
VSBIX	0.07	0.01	0.96	4.86	0.00	(0.08)	0.16	(0.12)	0.33
MXDQX	0.22	0.01	0.27	0.31	0.21	(0.29)	0.50	(0.38)	1.26
DPIGX	0.08	0.01	0.69	(0.88)	0.00	(0.14)	0.21	(0.11)	0.53
BIGLX	0.26	0.01	0.20	0.11	0.30	(0.32)	0.56	(0.55)	1.58

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