Marsico Focus Correlations

MFOCX Fund

USD 27.59 0.08 0.29%

The current 90-days correlation between Marsico Focus and Marsico Growth Fund is 0.98 (i.e., Almost no diversification). The correlation of Marsico Focus 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.

Marsico Focus Correlation With Market

Very weak diversification

The correlation between Marsico Focus Fund and DJI is 0.56 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Marsico Focus Fund 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 Marsico Focus Fund. 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 main economic indicators.

Moving together with Marsico Mutual Fund

0.91	MXXIX	Marsico 21st Century	Pair Corr
0.76	MGLBX	Marsico Global	Pair Corr
0.98	MGRIX	Marsico Growth	Pair Corr
0.91	MIDFX	Marsico Midcap Growth	Pair Corr
0.75	MIGOX	Marsico Global	Pair Corr
0.99	MIGWX	Marsico Growth	Pair Corr
1.0	MIFOX	Marsico Focus	Pair Corr
0.94	FAFGX	American Funds	Pair Corr
0.94	FFAFX	American Funds	Pair Corr
0.93	GFACX	Growth Fund	Pair Corr
0.94	GFAFX	Growth Fund	Pair Corr
0.92	AGTHX	Growth Fund	Pair Corr
0.94	CGFFX	Growth Fund	Pair Corr
0.93	CGFCX	Growth Fund	Pair Corr
0.94	CGFAX	Growth Fund	Pair Corr
0.94	CGFEX	Growth Fund	Pair Corr
0.94	RGAEX	Growth Fund	Pair Corr
0.82	WRHIX	Ivy High Income	Pair Corr
0.78	WHIAX	Ivy High Income	Pair Corr
0.76	IHIFX	Ivy High Income	Pair Corr
0.76	IVHIX	Ivy High Income	Pair Corr

Moving against Marsico Mutual Fund

0.66	MFAAX	American Funds Mortgage	Pair Corr
0.64	BISMX	Brandes International	Pair Corr
0.55	EBSFX	Eubel Brady Suttman	Pair Corr
0.49	RIGEX	International Growth And	Pair Corr
0.46	SRINX	Columbia Porate Income	Pair Corr
0.44	LIIAX	Columbia Porate Income	Pair Corr
0.39	SAEMX	Sa Emerging Markets	Pair Corr
0.38	HTD	John Hancock Tax	Pair Corr
0.74	GF	New Germany Closed	Pair Corr
0.63	ARBOX	Absolute Convertible	Pair Corr

Related Correlations Analysis

	MGRIX	PAHIX	PSFAX	SLASX	CIVVX
MGRIX		-0.22	-0.71	0.35	-0.45	MGRIX
PAHIX	-0.22		0.79	0.67	0.66	PAHIX
PSFAX	-0.71	0.79		0.28	0.73	PSFAX
SLASX	0.35	0.67	0.28		0.22	SLASX
CIVVX	-0.45	0.66	0.73	0.22		CIVVX
	MGRIX	PAHIX	PSFAX	SLASX	CIVVX

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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

PSFAX	+ 0.79	PAHIX
CIVVX	+ 0.73	PSFAX
SLASX	+ 0.67	PAHIX
CIVVX	+ 0.66	PAHIX
SLASX	+ 0.35	MGRIX
SLASX	+ 0.28	PSFAX

High negative correlations

PSFAX	- 0.71	MGRIX
CIVVX	- 0.45	MGRIX
PAHIX	- 0.22	MGRIX

Risk-Adjusted Indicators

There is a big difference between Marsico Mutual Fund performing well and Marsico Focus 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 Marsico Focus' 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
MGRIX	1.19	(0.21)	0.00	(0.28)	0.00	0.00	1.70	(3.45)	7.95
PAHIX	0.15	0.00	0.24	(0.02)	0.16	(0.23)	0.51	(0.34)	1.03
PSFAX	0.04	0.01	0.00	1.57	0.00	0.00	0.10	0.00	0.52
SLASX	0.72	0.03	0.00	(0.03)	0.00	0.00	1.59	(1.58)	4.21
CIVVX	0.85	0.09	0.07	0.10	1.51	(0.82)	1.83	(1.85)	6.48

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