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

  0.83MFOCX Marsico FocusPairCorr
  0.82MXXIX Marsico 21st CenturyPairCorr
  0.74MGLBX Marsico GlobalPairCorr
  0.91MGRIX Marsico GrowthPairCorr
  0.69MIGOX Marsico GlobalPairCorr
  0.83MIFOX Marsico FocusPairCorr
  0.91FAFGX American FundsPairCorr
  0.91FFAFX American FundsPairCorr
  0.91GFACX Growth FundPairCorr
  0.91GFAFX Growth FundPairCorr
  0.91AGTHX Growth FundPairCorr
  0.91CGFFX Growth FundPairCorr
  0.91CGFCX Growth FundPairCorr
  0.91CGFAX Growth FundPairCorr
  0.91CGFEX Growth FundPairCorr
  0.91RGAEX Growth FundPairCorr
  0.91VTSAX Vanguard Total StockPairCorr
  0.9VFIAX Vanguard 500 IndexPairCorr
  0.91VTSMX Vanguard Total StockPairCorr
  0.91VSMPX Vanguard Total StockPairCorr
  0.91VSTSX Vanguard Total StockPairCorr
  0.91VITSX Vanguard Total StockPairCorr
  0.9VFINX Vanguard 500 IndexPairCorr
  0.9VFFSX Vanguard 500 IndexPairCorr

Moving against Marsico Mutual Fund

  0.53MSPHX Massmutual Select TotalPairCorr
  0.49MIPIX Matthews Asia DividendPairCorr
  0.47REMVX Rbc Emerging MarketsPairCorr
  0.42CCLFX Cliffwater CorporatePairCorr
  0.38VGTSX Vanguard Total InterPairCorr
  0.38VTIAX Vanguard Total InterPairCorr
  0.32HEMZX Virtus Emerging MarketsPairCorr

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.