Mairs Power Correlations

MSCFX Fund

USD 27.87 0.12 0.43%

The current 90-days correlation between Mairs Power Small and Mairs Power Balanced is 0.06 (i.e., Significant 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

Good diversification

The correlation between Mairs Power Small and DJI is -0.06 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mairs Power Small 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 Small. 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

0.91	MPGFX	Mairs Power Growth	Pair Corr
0.95	VSMAX	Vanguard Small Cap	Pair Corr
0.92	VSCIX	Vanguard Small Cap	Pair Corr
0.92	VSCPX	Vanguard Small Cap	Pair Corr
0.92	NAESX	Vanguard Small Cap	Pair Corr
0.94	FSSNX	Fidelity Small Cap	Pair Corr
0.93	DFSTX	Us Small Cap	Pair Corr
0.91	PASVX	T Rowe Price	Pair Corr
0.91	PRVIX	T Rowe Price	Pair Corr
0.9	TRZVX	T Rowe Price	Pair Corr
0.91	PRSVX	T Rowe Price	Pair Corr
0.83	WRHIX	Ivy High Income	Pair Corr
0.81	WHIAX	Ivy High Income	Pair Corr
0.75	IHIFX	Ivy High Income	Pair Corr
0.77	IVHIX	Ivy High Income	Pair Corr

Moving against Mairs Mutual Fund

0.55	SRINX	Columbia Porate Income	Pair Corr
0.54	LIIAX	Columbia Porate Income	Pair Corr
0.79	WUSDX	Wells Fargo Ultra	Pair Corr
0.71	MWERX	Metwest Esg Securitized	Pair Corr
0.71	ABNDX	Bond Fund	Pair Corr
0.66	PDBAX	Prudential Total Return	Pair Corr
0.63	PSDUX	Pimco Short Duration	Pair Corr
0.6	IAFEX	Fisher All Foreign	Pair Corr
0.56	NCMFX	Virtus Multi Sector	Pair Corr
0.48	BUIIX	Buffalo International	Pair Corr
0.48	EXOSX	Overseas Series Class	Pair Corr
0.81	IFTAX	Vy Templeton Foreign	Pair Corr
0.8	DFGBX	Dfa Five Year	Pair Corr
0.79	PLCCX	Pimco Low Duration	Pair Corr
0.77	GSACX	Goldman Sachs Asia	Pair Corr

Related Correlations Analysis

	MAPOX	MPGFX	POSKX	PARMX	FMIJX
MAPOX		0.7	0.91	0.75	0.7	MAPOX
MPGFX	0.7		0.73	0.89	0.33	MPGFX
POSKX	0.91	0.73		0.7	0.48	POSKX
PARMX	0.75	0.89	0.7		0.33	PARMX
FMIJX	0.7	0.33	0.48	0.33		FMIJX
	MAPOX	MPGFX	POSKX	PARMX	FMIJX

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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.

	Mean Deviation	Jensen Alpha	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
MAPOX	0.45	(0.01)	(0.10)	0.98	(1.14)	2.28
MPGFX	0.85	(0.17)	10.06	1.36	(2.03)	3.81
POSKX	0.72	0.00	(0.07)	1.36	(1.76)	4.45
PARMX	0.78	(0.13)	(0.24)	1.36	(2.04)	3.90
FMIJX	0.56	(0.03)	0.21	1.14	(1.31)	3.59

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