Mesirow Financial Correlations

MFHIX Fund

USD 8.42 0.02 0.24%

The current 90-days correlation between Mesirow Financial High and Oakhurst Short Duration is 0.09 (i.e., Significant diversification). The correlation of Mesirow Financial 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.

Mesirow Financial Correlation With Market

Very weak diversification

The correlation between Mesirow Financial High and DJI is 0.52 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mesirow Financial High 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 Mesirow Financial High. 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 gross domestic product.

Moving together with Mesirow Mutual Fund

0.99	MFHVX	Mesirow Financial High	Pair Corr
0.65	VWEAX	Vanguard High Yield	Pair Corr
0.68	VWEHX	Vanguard High Yield	Pair Corr
0.87	BHYCX	Blackrock Hi Yld	Pair Corr
0.83	BHYIX	Blackrock High Yield	Pair Corr
0.85	BHYSX	Blackrock Hi Yld	Pair Corr
0.85	BHYAX	Blackrock High Yield	Pair Corr
0.78	FAHHX	American Funds American	Pair Corr
0.78	FTAHX	American Funds American	Pair Corr
0.79	AHTFX	American High Income	Pair Corr
0.82	AHTCX	American High Income	Pair Corr
0.81	CIF	Mfs Intermediate High	Pair Corr
0.73	NXJ	Nuveen New Jersey	Pair Corr
0.71	XPPRX	Voya Prime Rate	Pair Corr
0.75	PCF	Putnam High Income	Pair Corr
0.9	AWF	Alliancebernstein	Pair Corr
0.84	MPHLX	Massmutual Premier High	Pair Corr
0.82	VHCIX	Vanguard Health Care	Pair Corr
0.74	AGD	Aberdeen Global Dynamic	Pair Corr
0.87	RRFDX	T Rowe Price	Pair Corr
0.82	MYI	Blackrock Muniyield	Pair Corr

Moving against Mesirow Mutual Fund

0.37	MFBIX	Mesirow Enhanced Core	Pair Corr
0.33	UIPIX	Ultrashort Mid Cap	Pair Corr

Related Correlations Analysis

	OHSHX	WAYRX	GHVIX	RHYAX	PAHIX	SGYAX	ARTFX
OHSHX		0.92	0.97	0.98	0.95	0.94	0.96	OHSHX
WAYRX	0.92		0.95	0.94	0.95	0.96	0.92	WAYRX
GHVIX	0.97	0.95		0.99	0.93	0.93	0.96	GHVIX
RHYAX	0.98	0.94	0.99		0.93	0.92	0.95	RHYAX
PAHIX	0.95	0.95	0.93	0.93		0.98	0.94	PAHIX
SGYAX	0.94	0.96	0.93	0.92	0.98		0.94	SGYAX
ARTFX	0.96	0.92	0.96	0.95	0.94	0.94		ARTFX
	OHSHX	WAYRX	GHVIX	RHYAX	PAHIX	SGYAX	ARTFX

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Risk-Adjusted Indicators

There is a big difference between Mesirow Mutual Fund performing well and Mesirow Financial 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 Mesirow Financial'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
OHSHX	0.13	0.00	0.14	(0.09)	0.13	(0.17)	0.23	(0.23)	1.02
WAYRX	0.16	0.01	0.17	0.07	0.09	(0.26)	0.44	(0.29)	1.02
GHVIX	0.16	0.00	0.18	(0.11)	0.16	(0.17)	0.30	(0.35)	1.01
RHYAX	0.12	0.00	0.15	(0.12)	0.11	(0.18)	0.31	(0.31)	1.14
PAHIX	0.16	0.00	0.14	0.01	0.15	(0.23)	0.51	(0.34)	1.03
SGYAX	0.16	0.02	0.19	0.14	0.07	(0.26)	0.56	(0.28)	1.57
ARTFX	0.13	0.00	0.19	(0.07)	0.09	(0.20)	0.44	(0.22)	0.89

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