Mesirow Financial Correlations

MSVVX Fund

USD 12.31 0.01 0.08%

The current 90-days correlation between Mesirow Financial Small and Pimco Emerging Markets is 0.36 (i.e., Weak diversification). The correlation of Mesirow Financial 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.

Mesirow Financial Correlation With Market

Weak diversification

The correlation between Mesirow Financial Small and DJI is 0.32 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mesirow Financial 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 Mesirow Financial 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 real.

Moving together with Mesirow Mutual Fund

0.65	MSVIX	Mesirow Financial Small	Pair Corr
0.64	VSMAX	Vanguard Small Cap	Pair Corr
0.64	VSCIX	Vanguard Small Cap	Pair Corr
0.64	VSCPX	Vanguard Small Cap	Pair Corr
0.64	NAESX	Vanguard Small Cap	Pair Corr
0.64	FSSNX	Fidelity Small Cap	Pair Corr
0.64	DFSTX	Us Small Cap	Pair Corr

Moving against Mesirow Mutual Fund

0.37	GAAKX	Gmo Alternative Allo	Pair Corr
0.37	GAAGX	Gmo Alternative Allo	Pair Corr
0.32	0P0001GXZ7	Oaktree (lux)	Pair Corr

Related Correlations Analysis

	PLMPX	TEOJX	IGIEX	ANGCX	PIEFX	PCEMX
PLMPX		0.77	0.81	0.84	0.77	0.72	PLMPX
TEOJX	0.77		0.77	0.7	0.94	0.89	TEOJX
IGIEX	0.81	0.77		0.85	0.8	0.84	IGIEX
ANGCX	0.84	0.7	0.85		0.67	0.63	ANGCX
PIEFX	0.77	0.94	0.8	0.67		0.96	PIEFX
PCEMX	0.72	0.89	0.84	0.63	0.96		PCEMX
	PLMPX	TEOJX	IGIEX	ANGCX	PIEFX	PCEMX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Mesirow Mutual Fund performing well and Mesirow Financial 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 Mesirow Financial'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
PLMPX	0.23	0.03	0.12	0.41	0.07	(0.35)	0.56	(0.42)	1.42
TEOJX	0.62	0.07	0.09	0.97	0.67	(0.70)	1.35	(1.18)	3.16
IGIEX	0.26	0.04	0.12	0.64	0.20	(0.33)	0.72	(0.48)	1.70
ANGCX	0.13	0.02	0.12	1.52	0.00	(0.21)	0.35	(0.24)	0.94
PIEFX	0.73	0.09	0.09	0.50	0.92	(0.75)	1.49	(1.61)	4.27
PCEMX	0.52	0.04	0.06	0.20	0.61	(0.58)	1.11	(1.29)	2.78

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