Marsico Growth Correlations

Mutual Funds . USA . 
Fund . Marsico Growth Fund
MGRIX Fund  USD 24.04  0.07  0.29%   
The current 90-days correlation between Marsico Growth and Marsico Focus Fund is 0.99 (i.e., No risk reduction). 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

Good diversification

The correlation between Marsico Growth Fund and DJI is -0.04 (i.e., 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

  0.99MFOCX Marsico FocusPairCorr
  0.89MXXIX Marsico 21st CenturyPairCorr
  0.79MGLBX Marsico GlobalPairCorr
  0.89MIDFX Marsico Midcap GrowthPairCorr
  0.78MIGOX Marsico GlobalPairCorr
  1.0MIGWX Marsico GrowthPairCorr
  0.99MIFOX Marsico FocusPairCorr
  0.98FAFGX American FundsPairCorr
  0.98FFAFX American FundsPairCorr
  0.98GFACX Growth FundPairCorr
  0.98GFAFX Growth FundPairCorr
  0.98AGTHX Growth FundPairCorr
  0.98CGFFX Growth FundPairCorr
  0.98CGFCX Growth FundPairCorr
  0.98CGFAX Growth FundPairCorr
  0.98CGFEX Growth FundPairCorr
  0.98RGAEX Growth FundPairCorr
  0.82WRHIX Ivy High IncomePairCorr
  0.78WHIAX Ivy High IncomePairCorr
  0.75IHIFX Ivy High IncomePairCorr
  0.75IVHIX Ivy High IncomePairCorr

Moving against Marsico Mutual Fund

  0.71MFAAX American Funds MortgagePairCorr
  0.68BISMX Brandes InternationalPairCorr
  0.55SAEMX Sa Emerging MarketsPairCorr
  0.54SRINX Columbia Porate IncomePairCorr
  0.52LIIAX Columbia Porate IncomePairCorr
  0.47RIGEX International Growth AndPairCorr
  0.43EBSFX Eubel Brady SuttmanPairCorr
  0.43VGWAX Vanguard Global WellPairCorr
  0.35HTD John Hancock TaxPairCorr
  0.32MAPBX Mainstay Map EquityPairCorr
  0.8GF New Germany ClosedPairCorr
  0.68USGDX Morgan Stanley GovernmentPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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.

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