Marsico Growth Correlations

MGRIX Fund  USD 25.72  0.43  1.70%   
The current 90-days correlation between Marsico Growth and Marsico Focus Fund is -0.09 (i.e., Good diversification). The correlation of Marsico Growth 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 Growth Correlation With Market

Very good diversification

The correlation between Marsico Growth Fund and DJI is -0.21 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Marsico Growth 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 Growth 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 gross domestic product.

Moving together with Marsico Mutual Fund

  0.89MFOCX Marsico FocusPairCorr
  0.73MXXIX Marsico 21st CenturyPairCorr
  0.73MIDFX Marsico Midcap GrowthPairCorr
  0.94MIGWX Marsico GrowthPairCorr
  0.89MIFOX Marsico FocusPairCorr
  0.81FAFGX American FundsPairCorr
  0.81FFAFX American FundsPairCorr
  0.83GFACX Growth FundPairCorr
  0.91GFAFX Growth FundPairCorr
  0.82CGFFX Growth FundPairCorr
  0.83CGFCX Growth FundPairCorr
  0.82CGFAX Growth FundPairCorr
  0.91CGFEX Growth FundPairCorr
  0.82RGAEX Growth FundPairCorr
  0.61VINIX Vanguard InstitutionalPairCorr

Moving against Marsico Mutual Fund

  0.52RAAGX Short Term BondPairCorr
  0.33DPIGX Intermediate GovernmentPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Marsico Mutual Fund performing well and Marsico Growth 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 Growth'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.