Marsico Midcap Correlations

MIDFX Fund

USD 49.73 0.02 0.04%

The current 90-days correlation between Marsico Midcap Growth and Timothy Plan Conservative is 0.72 (i.e., Poor diversification). The correlation of Marsico Midcap 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 Midcap Correlation With Market

Poor diversification

The correlation between Marsico Midcap Growth and DJI is 0.61 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Marsico Midcap Growth 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 Midcap Growth. 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 census.

Moving together with Marsico Mutual Fund

0.91	MFOCX	Marsico Focus	Pair Corr
1.0	MXXIX	Marsico 21st Century	Pair Corr
0.94	MGLBX	Marsico Global	Pair Corr
0.86	MGRIX	Marsico Growth	Pair Corr
0.94	MIGOX	Marsico Global	Pair Corr
0.87	MIGWX	Marsico Growth	Pair Corr
0.91	MIFOX	Marsico Focus	Pair Corr
0.67	MIIOX	Marsico International	Pair Corr
0.67	MIOFX	Marsico International	Pair Corr
0.86	PAMCX	T Rowe Price	Pair Corr
0.86	RRMGX	T Rowe Price	Pair Corr
0.86	TRQZX	T Rowe Price	Pair Corr
0.86	RPMGX	T Rowe Price	Pair Corr
0.87	PRJIX	T Rowe Price	Pair Corr
0.87	PRNHX	T Rowe Price	Pair Corr
0.88	TRUZX	T Rowe Price	Pair Corr
0.9	PCBIX	Midcap Fund Institutional	Pair Corr
0.9	PEMGX	Midcap Fund Class	Pair Corr
0.9	PMBCX	Midcap Fund Class	Pair Corr

Moving against Marsico Mutual Fund

0.47	GF	New Germany Closed	Pair Corr
0.41	MFAAX	American Funds Mortgage	Pair Corr
0.31	LIRRX	Lord Abbett International	Pair Corr
0.39	CIHCX	Cullen International High	Pair Corr
0.35	USGDX	Morgan Stanley Government	Pair Corr

Related Correlations Analysis

	TIICX	TFCAX	FHCOX	CDBCX	ACBPX	DLTZX	PGBAX
TIICX		0.55	0.53	0.59	0.61	0.56	0.77	TIICX
TFCAX	0.55		0.99	0.84	0.88	0.96	0.86	TFCAX
FHCOX	0.53	0.99		0.83	0.87	0.96	0.85	FHCOX
CDBCX	0.59	0.84	0.83		1.0	0.94	0.95	CDBCX
ACBPX	0.61	0.88	0.87	1.0		0.96	0.96	ACBPX
DLTZX	0.56	0.96	0.96	0.94	0.96		0.92	DLTZX
PGBAX	0.77	0.86	0.85	0.95	0.96	0.92		PGBAX
	TIICX	TFCAX	FHCOX	CDBCX	ACBPX	DLTZX	PGBAX

Click cells to compare fundamentals

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Risk-Adjusted Indicators

There is a big difference between Marsico Mutual Fund performing well and Marsico Midcap 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 Midcap'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
TIICX	0.37	0.01	0.00	(0.03)	0.00	0.00	0.78	(0.68)	1.57
TFCAX	0.02	0.00	0.00	(0.28)	0.00	0.00	0.10	0.00	0.40
FHCOX	0.05	0.01	0.00	0.92	0.00	0.00	0.10	(0.10)	0.51
CDBCX	0.23	0.01	0.24	0.27	0.22	(0.30)	0.56	(0.44)	1.34
ACBPX	0.24	0.02	0.27	0.34	0.20	(0.30)	0.56	(0.44)	1.23
DLTZX	0.08	0.01	0.46	0.67	0.00	(0.18)	0.26	(0.13)	0.64
PGBAX	0.14	0.01	0.40	0.13	0.07	(0.18)	0.34	(0.25)	0.85

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