Macquariefirst Correlations
| MFDDelisted Fund | USD 8.45 0.16 1.86% |
The current 90-days correlation between Macquariefirst Tr Global and MFS High Yield is -0.06 (i.e., Good diversification). The correlation of Macquariefirst 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.
Macquariefirst Correlation With Market
Significant diversification
The correlation between Macquariefirst Tr Global and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Macquariefirst Tr Global and DJI in the same portfolio, assuming nothing else is changed.
Macquariefirst |
Moving together with Macquariefirst Fund
| 0.95 | KSCOX | Kinetics Small Cap Steady Growth | PairCorr |
| 0.94 | LSHUX | Horizon Spin Off Steady Growth | PairCorr |
| 0.95 | WWNPX | Kinetics Paradigm Steady Growth | PairCorr |
| 0.94 | KNPAX | Kinetics Paradigm Steady Growth | PairCorr |
| 0.95 | KNPCX | Kinetics Paradigm Steady Growth | PairCorr |
| 0.95 | KMKCX | Kinetics Market Oppo Steady Growth | PairCorr |
| 0.95 | KSCYX | Kinetics Small Cap Steady Growth | PairCorr |
| 0.61 | LETRX | Voya Russia Fund | PairCorr |
| 0.94 | KINCX | Kinetics Internet | PairCorr |
| 0.95 | KSOCX | Kinetics Small Cap Steady Growth | PairCorr |
| 0.81 | INTC | Intel Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.65 | CAT | Caterpillar Fiscal Year End 3rd of February 2025 | PairCorr |
| 0.82 | JPM | JPMorgan Chase Sell-off Trend | PairCorr |
| 0.9 | CSCO | Cisco Systems Aggressive Push | PairCorr |
| 0.87 | CVX | Chevron Corp Sell-off Trend | PairCorr |
| 0.79 | TRV | The Travelers Companies Fiscal Year End 17th of January 2025 | PairCorr |
| 0.84 | T | ATT Inc Aggressive Push | PairCorr |
Moving against Macquariefirst Fund
| 0.95 | KO | Coca Cola Sell-off Trend | PairCorr |
| 0.89 | JNJ | Johnson Johnson Fiscal Year End 28th of January 2025 | PairCorr |
| 0.82 | PFE | Pfizer Inc Aggressive Push | PairCorr |
| 0.75 | BA | Boeing Fiscal Year End 29th of January 2025 | PairCorr |
| 0.36 | MMM | 3M Company Fiscal Year End 28th of January 2025 | PairCorr |
| 0.34 | PG | Procter Gamble | PairCorr |
Related Correlations Analysis
| 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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Macquariefirst Fund performing well and Macquariefirst 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 Macquariefirst'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| CMU | 0.39 | 0.03 | (0.16) | (0.13) | 0.44 | 0.85 | 2.54 | |||
| CXH | 0.33 | 0.02 | (0.22) | (0.04) | 0.42 | 0.62 | 2.10 | |||
| MFM | 0.44 | 0.02 | (0.19) | 0.00 | 0.54 | 0.89 | 2.71 | |||
| DTF | 0.23 | 0.01 | (0.37) | (0.10) | 0.23 | 0.54 | 1.96 | |||
| MGF | 0.40 | (0.05) | 0.00 | (0.22) | 0.00 | 0.65 | 3.48 | |||
| CXE | 0.50 | (0.03) | 0.00 | (0.49) | 0.00 | 1.33 | 3.34 | |||
| CBH | 0.13 | 0.04 | (0.40) | (1.71) | 0.00 | 0.22 | 0.78 | |||
| EOT | 0.36 | 0.01 | (0.23) | (0.44) | 0.41 | 0.86 | 2.08 | |||
| IHTA | 0.24 | 0.05 | (0.12) | 2.51 | 0.25 | 0.68 | 2.03 | |||
| JHS | 0.30 | (0.02) | (0.26) | (0.01) | 0.41 | 0.78 | 3.04 |
Macquariefirst Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Macquariefirst fund to make a market-neutral strategy. Peer analysis of Macquariefirst could also be used in its relative valuation, which is a method of valuing Macquariefirst by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Still Interested in Macquariefirst Tr Global?
Investing in delisted delisted funds can be risky, as the fund is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.