Marsico Growth Correlations

MIGWX Fund

USD 24.19 0.02 0.08%

The current 90-days correlation between Marsico Growth and Us Government Securities is 0.01 (i.e., Significant 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

Good diversification

The correlation between Marsico Growth and DJI is -0.09 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Marsico 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 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 housing.

Moving together with Marsico Mutual Fund

0.83	MFOCX	Marsico Focus	Pair Corr
0.82	MXXIX	Marsico 21st Century	Pair Corr
0.74	MGLBX	Marsico Global	Pair Corr
0.91	MGRIX	Marsico Growth	Pair Corr
0.69	MIGOX	Marsico Global	Pair Corr
0.83	MIFOX	Marsico Focus	Pair Corr
0.91	FAFGX	American Funds	Pair Corr
0.91	FFAFX	American Funds	Pair Corr
0.91	GFACX	Growth Fund	Pair Corr
0.91	GFAFX	Growth Fund	Pair Corr
0.91	AGTHX	Growth Fund	Pair Corr
0.91	CGFFX	Growth Fund	Pair Corr
0.91	CGFCX	Growth Fund	Pair Corr
0.91	CGFAX	Growth Fund	Pair Corr
0.91	CGFEX	Growth Fund	Pair Corr
0.91	RGAEX	Growth Fund	Pair Corr
0.91	VTSAX	Vanguard Total Stock	Pair Corr
0.9	VFIAX	Vanguard 500 Index	Pair Corr
0.91	VTSMX	Vanguard Total Stock	Pair Corr
0.91	VSMPX	Vanguard Total Stock	Pair Corr
0.91	VSTSX	Vanguard Total Stock	Pair Corr
0.91	VITSX	Vanguard Total Stock	Pair Corr
0.9	VFINX	Vanguard 500 Index	Pair Corr
0.9	VFFSX	Vanguard 500 Index	Pair Corr

Moving against Marsico Mutual Fund

0.53	MSPHX	Massmutual Select Total	Pair Corr
0.49	MIPIX	Matthews Asia Dividend	Pair Corr
0.47	REMVX	Rbc Emerging Markets	Pair Corr
0.42	CCLFX	Cliffwater Corporate	Pair Corr
0.38	VGTSX	Vanguard Total Inter	Pair Corr
0.38	VTIAX	Vanguard Total Inter	Pair Corr
0.32	HEMZX	Virtus Emerging Markets	Pair Corr

Related Correlations Analysis

	CGTCX	FCSCX	WMBDX	TWARX	DPIGX	CGTFX	RFBAX
CGTCX		0.95	0.99	0.97	0.97	1.0	0.95	CGTCX
FCSCX	0.95		0.94	0.99	0.99	0.96	0.96	FCSCX
WMBDX	0.99	0.94		0.96	0.95	0.99	0.96	WMBDX
TWARX	0.97	0.99	0.96		0.99	0.97	0.97	TWARX
DPIGX	0.97	0.99	0.95	0.99		0.97	0.97	DPIGX
CGTFX	1.0	0.96	0.99	0.97	0.97		0.96	CGTFX
RFBAX	0.95	0.96	0.96	0.97	0.97	0.96		RFBAX
	CGTCX	FCSCX	WMBDX	TWARX	DPIGX	CGTFX	RFBAX

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 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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
CGTCX	0.24	0.05	0.37	0.92	0.13	(0.29)	0.61	(0.43)	1.56
FCSCX	0.07	0.02	0.60	1.38	0.00	(0.19)	0.13	(0.13)	0.66
WMBDX	0.24	0.05	0.36	1.11	0.09	(0.31)	0.64	(0.51)	1.43
TWARX	0.09	0.02	0.71	10.90	0.00	(0.15)	0.33	(0.11)	0.56
DPIGX	0.08	0.02	0.81	5.31	0.00	(0.14)	0.21	(0.11)	0.53
CGTFX	0.24	0.05	0.39	1.10	0.10	(0.30)	0.60	(0.42)	1.55
RFBAX	0.09	0.00	0.42	0.00	0.00	(0.24)	0.39	(0.20)	0.59

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