Mairs Power Correlations

Mutual Funds . USA . 
Fund . Mairs Power Growth
MPGFX Fund  USD 163.37  0.10  0.06%   
The current 90-days correlation between Mairs Power Growth and Meridian Trarian Fund is 0.75 (i.e., Poor diversification). The correlation of Mairs Power 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.

Mairs Power Correlation With Market

Poor diversification

The correlation between Mairs Power Growth and DJI is 0.76 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mairs Power 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 Mairs Power 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 Mairs Mutual Fund

  0.74MAPOX Mairs Power BalancedPairCorr
  0.9MSCFX Mairs Power SmallPairCorr
  0.98VTSAX Vanguard Total StockPairCorr
  0.98VFIAX Vanguard 500 IndexPairCorr
  0.98VTSMX Vanguard Total StockPairCorr
  0.98VITSX Vanguard Total StockPairCorr
  0.98VSMPX Vanguard Total StockPairCorr
  0.98VSTSX Vanguard Total StockPairCorr
  0.98VFINX Vanguard 500 IndexPairCorr
  0.98VFFSX Vanguard 500 IndexPairCorr
  0.98VINIX Vanguard InstitutionalPairCorr
  0.98VIIIX Vanguard InstitutionalPairCorr
  0.65FTYPX Fidelity Freedom IndexPairCorr
  0.66FFBTX Fidelity Freedom BlendPairCorr
  0.95GCAVX Gmo Small CapPairCorr
  0.67GQLOX Gmo Quality FundPairCorr
  0.98GMCQX Gmo Equity AllocationPairCorr

Moving against Mairs Mutual Fund

  0.79GAAVX Gmo Alternative AlloPairCorr
  0.68GF New Germany ClosedPairCorr
  0.6MFAAX American Funds MortgagePairCorr
  0.58CIHCX Cullen International HighPairCorr
  0.56GABFX Gmo Asset AllocationPairCorr
  0.55USGDX Morgan Stanley GovernmentPairCorr
  0.55BISMX Brandes InternationalPairCorr
  0.51ABNOX Ab Bond InflationPairCorr
  0.37DLDFX Destinations Low DurationPairCorr
  0.62VSGDX Vanguard Short TermPairCorr
  0.56VTAPX Vanguard Short TermPairCorr
  0.51ARBOX Absolute ConvertiblePairCorr
  0.47EMBAX Unconstrained EmergingPairCorr
  0.44MEERX Massmutual PremierPairCorr
  0.41RIGEX International Growth AndPairCorr
  0.34VWICX Vanguard InternationalPairCorr
  0.32RMDUX American Funds MultiPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Mairs Mutual Fund performing well and Mairs Power 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 Mairs Power'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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2024 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY