Marsico Growth Correlations

MIGWX Fund

USD 25.94 0.42 1.65%

The current 90-days correlation between Marsico Growth and T Rowe Price 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

Weak diversification

The correlation between Marsico Growth and DJI is 0.34 (i.e., Weak 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

0.97	MFOCX	Marsico Focus	Pair Corr
0.83	MXXIX	Marsico 21st Century	Pair Corr
0.94	MGRIX	Marsico Growth	Pair Corr
0.83	MIDFX	Marsico Midcap Growth	Pair Corr
0.97	MIFOX	Marsico Focus	Pair Corr
0.91	FAFGX	American Funds	Pair Corr
0.91	FFAFX	American Funds	Pair Corr
0.92	GFACX	Growth Fund	Pair Corr
0.9	GFAFX	Growth Fund	Pair Corr
0.91	CGFFX	Growth Fund	Pair Corr
0.92	CGFCX	Growth Fund	Pair Corr
0.91	CGFAX	Growth Fund	Pair Corr
0.9	CGFEX	Growth Fund	Pair Corr
0.91	RGAEX	Growth Fund	Pair Corr
0.7	VINIX	Vanguard Institutional	Pair Corr

Moving against Marsico Mutual Fund

0.49

RAAGX

Short Term Bond

Pair Corr

Related Correlations Analysis

	PRGTX	VITAX	USTCX	BSTSX	GISTX	PGTIX
PRGTX		0.61	0.52	0.49	0.54	0.71	PRGTX
VITAX	0.61		0.83	0.81	0.68	0.91	VITAX
USTCX	0.52	0.83		0.86	0.93	0.82	USTCX
BSTSX	0.49	0.81	0.86		0.82	0.8	BSTSX
GISTX	0.54	0.68	0.93	0.82		0.8	GISTX
PGTIX	0.71	0.91	0.82	0.8	0.8		PGTIX
	PRGTX	VITAX	USTCX	BSTSX	GISTX	PGTIX

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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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
PRGTX	1.12	(0.05)	0.13	2.07	(2.59)	7.81
VITAX	1.13	(0.03)	(0.07)	2.01	(2.69)	7.45
USTCX	1.16	(0.03)	(0.06)	2.06	(2.94)	7.01
BSTSX	1.34	(0.08)	(0.13)	2.35	(3.59)	9.07
GISTX	1.13	(0.03)	(0.08)	2.16	(2.80)	7.34
PGTIX	1.13	(0.01)	(0.04)	2.10	(2.62)	7.76

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