Marketfield Fund Correlations

MFLDX Fund

USD 22.98 0.03 0.13%

The current 90-days correlation between Marketfield Fund Mar and Virtus Nfj Large Cap is -0.09 (i.e., Good diversification). The correlation of Marketfield Fund 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.

Marketfield Fund Correlation With Market

Very poor diversification

The correlation between Marketfield Fund Marketfield and DJI is 0.84 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Marketfield Fund Marketfield 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 Marketfield Fund Marketfield. 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 unemployment.

Moving together with Marketfield Mutual Fund

1.0	MFADX	Marketfield Fund Mar	Pair Corr
0.93	NLSCX	Neuberger Berman Long	Pair Corr
0.93	NLSAX	Neuberger Berman Long	Pair Corr
0.85	NLSIX	Neuberger Berman Long	Pair Corr
0.98	ASLAX	Ab Select Longshort	Pair Corr
0.9	DXQLX	Direxion Monthly Nasdaq	Pair Corr
0.8	RYVLX	Nasdaq 100 2x	Pair Corr
0.8	RYVYX	Nasdaq 100 2x	Pair Corr
0.89	UOPIX	Ultra Nasdaq 100	Pair Corr
0.89	RYCCX	Nasdaq 100 2x	Pair Corr
0.89	UOPSX	Ultranasdaq 100 Profund	Pair Corr
0.9	INPIX	Internet Ultrasector	Pair Corr
0.9	INPSX	Internet Ultrasector	Pair Corr
0.68	IRVIX	Voya Russelltm Large	Pair Corr

Moving against Marketfield Mutual Fund

0.39	PWLMX	Pimco Rae Worldwide	Pair Corr
0.34	PWLIX	Pimco Rae Worldwide	Pair Corr
0.47	MFAAX	American Funds Mortgage	Pair Corr
0.43	MXGMX	Great West Government	Pair Corr
0.38	THCAX	Thornburg Core Plus	Pair Corr
0.36	GHQYX	Amer Beacon Garcia	Pair Corr
0.35	FPNRX	Fpa New Income	Pair Corr
0.34	SCINX	Deutsche Croci Inter	Pair Corr
0.33	FPFIX	Fpa Flexible Fixed	Pair Corr
0.52	FTELOX	Ftelox	Pair Corr
0.46	TRSHX	Tiaa-cref Short-term	Pair Corr
0.37	ADVNX	Advisory Research	Pair Corr
0.35	TIKPX	Tiaa-cref Inflation-linked	Pair Corr

Related Correlations Analysis

	VAAGX	ANVIX	PCPAX	ENGRX	DOXGX	OAKLX	DNLVX
VAAGX		0.91	0.57	0.65	0.76	0.97	0.76	VAAGX
ANVIX	0.91		0.47	0.63	0.66	0.9	0.85	ANVIX
PCPAX	0.57	0.47		0.35	0.94	0.59	0.31	PCPAX
ENGRX	0.65	0.63	0.35		0.49	0.69	0.5	ENGRX
DOXGX	0.76	0.66	0.94	0.49		0.76	0.47	DOXGX
OAKLX	0.97	0.9	0.59	0.69	0.76		0.76	OAKLX
DNLVX	0.76	0.85	0.31	0.5	0.47	0.76		DNLVX
	VAAGX	ANVIX	PCPAX	ENGRX	DOXGX	OAKLX	DNLVX

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Risk-Adjusted Indicators

There is a big difference between Marketfield Mutual Fund performing well and Marketfield Fund 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 Marketfield Fund'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
VAAGX	0.66	(0.02)	0.00	0.13	0.00	0.00	1.22	(1.60)	3.27
ANVIX	0.64	0.02	0.03	0.00	0.79	(0.68)	1.22	(1.18)	3.29
PCPAX	0.57	0.09	0.17	(0.86)	0.53	(0.69)	1.23	(1.11)	3.20
ENGRX	0.91	0.01	0.02	0.17	1.74	(0.93)	4.31	(3.65)	10.33
DOXGX	0.61	0.05	0.09	(0.85)	0.78	(0.61)	1.30	(1.41)	3.35
OAKLX	0.72	0.02	0.05	(0.70)	0.93	(0.73)	1.43	(1.87)	3.58
DNLVX	0.66	(0.01)	0.00	(0.04)	0.00	0.00	1.24	(1.35)	5.97

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