Marshfield Centrated Correlations

Mutual Funds . USA . 
Fund . Marshfield Centrated Opportunity
MRFOX Fund  USD 32.02  0.25  0.79%   
The current 90-days correlation between Marshfield Centrated and Ms Global Fixed is 0.17 (i.e., Average diversification). The correlation of Marshfield Centrated 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.

Marshfield Centrated Correlation With Market

Poor diversification

The correlation between Marshfield Centrated Opportuni and DJI is 0.6 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Marshfield Centrated Opportuni 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 Marshfield Centrated Opportunity. 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 persons.

Moving together with Marshfield Mutual Fund

  0.64VTSAX Vanguard Total StockPairCorr
  0.62VFIAX Vanguard 500 IndexPairCorr
  0.65VTSMX Vanguard Total StockPairCorr
  0.65VITSX Vanguard Total StockPairCorr
  0.65VSMPX Vanguard Total StockPairCorr
  0.65VSTSX Vanguard Total StockPairCorr
  0.61VFINX Vanguard 500 IndexPairCorr
  0.62VFFSX Vanguard 500 IndexPairCorr
  0.61VINIX Vanguard InstitutionalPairCorr
  0.61VIIIX Vanguard InstitutionalPairCorr
  0.8FSMMX Fs Multi StrategyPairCorr
  0.67SPMPX Invesco Steelpath MlpPairCorr
  0.67MLPNX Oppenheimer Steelpath MlpPairCorr
  0.67MLPMX Oppenheimer Steelpath MlpPairCorr
  0.67SPMJX Invesco Steelpath MlpPairCorr
  0.67SMAPX Salient Mlp EnergyPairCorr
  0.7FCSZX Franklin VertiblePairCorr
  0.71MOPAX Mainstay Epoch SmallPairCorr
  0.64QCEQRX College RetirementPairCorr
  0.64COAGX Caldwell Orkin MarketPairCorr
  0.72SNXFX Schwab 1000 IndexPairCorr
  0.75ICPAX Williston BasinmidPairCorr
  0.66HNCVX Harbor Vertible SecuPairCorr
  0.69FNILX Fidelity Zero LargePairCorr

Related Correlations Analysis

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.
High positive correlations   
APDNX
+ 0.91
DFVEX
LEQCX
+ 0.9
DFVEX
LEQCX
+ 0.78
APDNX
GMCOX
+ 0.66
MFIRX
AUUIX
+ 0.66
APDNX
AUUIX
+ 0.6
NIEYX
  
High negative correlations   
GMCOX
- 0.39
LEQCX
NIEYX
- 0.34
LEQCX
GMCOX
- 0.33
DFVEX
NIEYX
- 0.03
DFVEX
GMCOX
- 0.01
APDNX

Risk-Adjusted Indicators

There is a big difference between Marshfield Mutual Fund performing well and Marshfield Centrated 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 Marshfield Centrated'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.

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