Mh Elite Correlations

MHESX Fund

USD 5.61 0.02 0.36%

The current 90-days correlation between Mh Elite Select and L Abbett Fundamental is 0.25 (i.e., Modest diversification). The correlation of Mh Elite 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.

Mh Elite Correlation With Market

Modest diversification

The correlation between Mh Elite Select and DJI is 0.26 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mh Elite Select 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 Mh Elite Select. 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 state.

Moving together with MHESX Mutual Fund

0.8	RIRAX	Capital Income Builder	Pair Corr
0.83	RIREX	Capital Income Builder	Pair Corr
0.83	RIRCX	Capital Income Builder	Pair Corr
0.83	RIRFX	Capital Income Builder	Pair Corr
0.84	CIRCX	Capital Income Builder	Pair Corr
0.83	CIREX	Capital Income Builder	Pair Corr
0.84	RIRBX	Capital Income Builder	Pair Corr
0.83	CAIFX	Capital Income Builder	Pair Corr
0.83	CIRFX	Capital Income Builder	Pair Corr
0.83	CIRAX	Capital Income Builder	Pair Corr
0.75	BIPIX	Biotechnology Ultrasector	Pair Corr

Moving against MHESX Mutual Fund

0.39	DXQLX	Direxion Monthly Nasdaq	Pair Corr
0.35	UOPIX	Ultra Nasdaq 100	Pair Corr
0.49	PIMXX	Plan Investment	Pair Corr
0.49	ADNYX	Amer Beacon Ark	Pair Corr
0.48	INPIX	Internet Ultrasector	Pair Corr
0.48	INPSX	Internet Ultrasector	Pair Corr
0.45	CREMX	Redwood Real Estate	Pair Corr
0.41	PRMTX	T Rowe Price	Pair Corr
0.37	AMFIX	Aama Income Fund	Pair Corr
0.35	UOPSX	Ultranasdaq 100 Profund	Pair Corr
0.35	HMSFX	Hennessy Bp Midstream	Pair Corr
0.34	PRGTX	T Rowe Price	Pair Corr
0.55	DCF	Bny Mellon Alcentra	Pair Corr
0.52	NFRAX	Nuveen Symphony Floating	Pair Corr
0.5	IGOIX	Rational Inflation Growth	Pair Corr
0.45	SIGZX	Seix Govt Sec	Pair Corr

Related Correlations Analysis

	LAVVX	JAAIX	LOTCX	LIOTX	TRBCX	MFTFX
LAVVX		0.66	0.35	0.86	0.57	0.34	LAVVX
JAAIX	0.66		0.43	0.73	0.47	0.45	JAAIX
LOTCX	0.35	0.43		0.51	0.74	0.84	LOTCX
LIOTX	0.86	0.73	0.51		0.7	0.57	LIOTX
TRBCX	0.57	0.47	0.74	0.7		0.76	TRBCX
MFTFX	0.34	0.45	0.84	0.57	0.76		MFTFX
	LAVVX	JAAIX	LOTCX	LIOTX	TRBCX	MFTFX

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Risk-Adjusted Indicators

There is a big difference between MHESX Mutual Fund performing well and Mh Elite 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 Mh Elite'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
LAVVX	0.53	0.03	0.04	0.30	0.60	(0.64)	1.18	(0.78)	5.94
JAAIX	0.18	(0.02)	0.00	(0.40)	0.00	0.00	0.37	(0.37)	2.35
LOTCX	0.58	(0.01)	0.00	(0.16)	0.00	0.00	1.01	(1.50)	3.31
LIOTX	0.80	0.08	0.06	1.14	1.13	(0.84)	1.46	(1.71)	6.56
TRBCX	0.79	0.11	0.09	0.79	1.02	(0.78)	1.57	(1.89)	5.70
MFTFX	0.94	0.05	0.03	0.52	1.42	(0.85)	1.68	(2.06)	5.15

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