Praxis Genesis Correlations

MCONX Fund

USD 11.95 0.02 0.17%

The current 90-days correlation between Praxis Genesis Servative and Fidelity Small Cap is 0.6 (i.e., Poor 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 Servative and DJI is 0.41 (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 Servative 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 Praxis Genesis Servative. 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 board of governors.

Moving together with Praxis Mutual Fund

0.74	MMSCX	Praxis Small Cap	Pair Corr
0.74	MMSIX	Praxis Small Cap	Pair Corr
0.98	MBAPX	Praxis Genesis Balanced	Pair Corr
0.96	MVIIX	Praxis Value Index	Pair Corr
0.95	MVIAX	Praxis Value Index	Pair Corr
0.93	MGAFX	Praxis Genesis Growth	Pair Corr
0.79	MIIIX	Praxis Impact Bond	Pair Corr
0.79	MIIAX	Praxis Impact Bond	Pair Corr
0.73	VWINX	Vanguard Wellesley Income	Pair Corr
0.93	VWIAX	Vanguard Wellesley Income	Pair Corr
0.65	BKMIX	Blackrock Multi Asset	Pair Corr
0.97	HBLTX	Hartford Balanced	Pair Corr
0.97	HBLRX	Hartford Balanced	Pair Corr
0.96	HBLSX	Hartford Balanced	Pair Corr
0.97	HBLVX	Hartford Balanced	Pair Corr
0.97	HBLYX	Hartford Balanced	Pair Corr
0.97	HBLCX	Hartford Balanced	Pair Corr
0.96	HBLIX	Hartford Balanced	Pair Corr
0.62	FTYPX	Fidelity Freedom Index	Pair Corr
0.77	FFBTX	Fidelity Freedom Blend	Pair Corr
0.9	GABFX	Gmo Asset Allocation Steady Growth	Pair Corr
0.76	GCAVX	Gmo Small Cap	Pair Corr
0.85	GQLOX	Gmo Quality Fund	Pair Corr
0.73	GMCQX	Gmo Equity Allocation	Pair Corr
0.65	DBELX	Doubleline Emerging	Pair Corr

Moving against Praxis Mutual Fund

0.36

DFEQX

Dfa Short Term

Pair Corr

Related Correlations Analysis

	FCPVX	UAPIX	RYAGX	VVSCX	PRDMX	TRMNX	BPSCX
FCPVX		0.89	-0.44	0.91	0.87	0.91	0.84	FCPVX
UAPIX	0.89		-0.37	0.98	0.91	0.77	0.88	UAPIX
RYAGX	-0.44	-0.37		-0.36	-0.27	-0.46	-0.44	RYAGX
VVSCX	0.91	0.98	-0.36		0.94	0.83	0.88	VVSCX
PRDMX	0.87	0.91	-0.27	0.94		0.86	0.87	PRDMX
TRMNX	0.91	0.77	-0.46	0.83	0.86		0.71	TRMNX
BPSCX	0.84	0.88	-0.44	0.88	0.87	0.71		BPSCX
	FCPVX	UAPIX	RYAGX	VVSCX	PRDMX	TRMNX	BPSCX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

VVSCX	+ 0.98	UAPIX
PRDMX	+ 0.94	VVSCX
VVSCX	+ 0.91	FCPVX
TRMNX	+ 0.91	FCPVX
PRDMX	+ 0.91	UAPIX
UAPIX	+ 0.89	FCPVX

High negative correlations

TRMNX	- 0.46	RYAGX
BPSCX	- 0.44	RYAGX
RYAGX	- 0.44	FCPVX
RYAGX	- 0.37	UAPIX
VVSCX	- 0.36	RYAGX
PRDMX	- 0.27	RYAGX

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
FCPVX	0.74	(0.11)	0.00	(0.19)	0.00	0.00	1.42	(1.88)	5.33
UAPIX	1.69	(0.31)	0.00	0.70	0.00	0.00	3.23	(3.17)	12.42
RYAGX	1.27	0.25	0.09	0.58	2.69	(1.44)	2.29	(1.28)	39.49
VVSCX	0.78	(0.13)	0.00	0.62	0.00	0.00	1.37	(1.45)	6.19
PRDMX	1.11	(0.16)	0.00	(0.39)	0.00	0.00	1.68	(2.47)	8.60
TRMNX	0.92	(0.09)	0.00	(0.17)	0.00	0.00	1.41	(1.75)	6.11
BPSCX	0.93	(0.25)	0.00	(0.36)	0.00	0.00	1.27	(2.10)	13.96

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