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.
Marsico |
Moving together with Marsico Mutual Fund
0.83 | MFOCX | Marsico Focus | PairCorr |
0.82 | MXXIX | Marsico 21st Century | PairCorr |
0.74 | MGLBX | Marsico Global | PairCorr |
0.91 | MGRIX | Marsico Growth | PairCorr |
0.69 | MIGOX | Marsico Global | PairCorr |
0.83 | MIFOX | Marsico Focus | PairCorr |
0.91 | FAFGX | American Funds | PairCorr |
0.91 | FFAFX | American Funds | PairCorr |
0.91 | GFACX | Growth Fund | PairCorr |
0.91 | GFAFX | Growth Fund | PairCorr |
0.91 | AGTHX | Growth Fund | PairCorr |
0.91 | CGFFX | Growth Fund | PairCorr |
0.91 | CGFCX | Growth Fund | PairCorr |
0.91 | CGFAX | Growth Fund | PairCorr |
0.91 | CGFEX | Growth Fund | PairCorr |
0.91 | RGAEX | Growth Fund | PairCorr |
0.91 | VTSAX | Vanguard Total Stock | PairCorr |
0.9 | VFIAX | Vanguard 500 Index | PairCorr |
0.91 | VTSMX | Vanguard Total Stock | PairCorr |
0.91 | VSMPX | Vanguard Total Stock | PairCorr |
0.91 | VSTSX | Vanguard Total Stock | PairCorr |
0.91 | VITSX | Vanguard Total Stock | PairCorr |
0.9 | VFINX | Vanguard 500 Index | PairCorr |
0.9 | VFFSX | Vanguard 500 Index | PairCorr |
Moving against Marsico Mutual Fund
0.53 | MSPHX | Massmutual Select Total | PairCorr |
0.49 | MIPIX | Matthews Asia Dividend | PairCorr |
0.47 | REMVX | Rbc Emerging Markets | PairCorr |
0.42 | CCLFX | Cliffwater Corporate | PairCorr |
0.38 | VGTSX | Vanguard Total Inter | PairCorr |
0.38 | VTIAX | Vanguard Total Inter | PairCorr |
0.32 | HEMZX | Virtus Emerging Markets | PairCorr |
Related Correlations Analysis
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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 | 0.61 | 1.56 | |||
FCSCX | 0.07 | 0.02 | 0.60 | 1.38 | 0.00 | 0.13 | 0.66 | |||
WMBDX | 0.24 | 0.05 | 0.36 | 1.11 | 0.09 | 0.64 | 1.43 | |||
TWARX | 0.09 | 0.02 | 0.71 | 10.90 | 0.00 | 0.33 | 0.56 | |||
DPIGX | 0.08 | 0.02 | 0.81 | 5.31 | 0.00 | 0.21 | 0.53 | |||
CGTFX | 0.24 | 0.05 | 0.39 | 1.10 | 0.10 | 0.60 | 1.55 | |||
RFBAX | 0.09 | 0.00 | 0.42 | 0.00 | 0.00 | 0.39 | 0.59 |