M Large Correlations

MTCGX Fund

USD 31.24 0.01 0.03%

The current 90-days correlation between M Large Cap and Massmutual Premier E is -0.09 (i.e., Good diversification). The correlation of M Large 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.

M Large Correlation With Market

Very weak diversification

The correlation between M Large Cap and DJI is 0.51 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding M Large Cap 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 M Large Cap. 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 price.

Moving together with MTCGX Mutual Fund

0.7	VTSAX	Vanguard Total Stock	Pair Corr
0.68	VFIAX	Vanguard 500 Index	Pair Corr
0.71	VTSMX	Vanguard Total Stock	Pair Corr
0.75	VITSX	Vanguard Total Stock	Pair Corr
0.75	VSTSX	Vanguard Total Stock	Pair Corr
0.75	VSMPX	Vanguard Total Stock	Pair Corr
0.68	VFINX	Vanguard 500 Index	Pair Corr
0.74	VFFSX	Vanguard 500 Index	Pair Corr
0.66	HD	Home Depot	Pair Corr
0.79	AA	Alcoa Corp	Pair Corr
0.72	DIS	Walt Disney	Pair Corr

Moving against MTCGX Mutual Fund

0.58	JSEAX	Jpmorgan International	Pair Corr
0.55	MMM	3M Company	Pair Corr
0.49	VGTSX	Vanguard Total Inter	Pair Corr
0.49	VTIAX	Vanguard Total Inter	Pair Corr
0.48	NHS	Neuberger Berman High	Pair Corr
0.58	KO	Coca Cola	Pair Corr
0.58	T	ATT Inc Earnings Call This Week	Pair Corr
0.51	CVX	Chevron Corp	Pair Corr
0.46	GE	GE Aerospace	Pair Corr
0.39	IBM	International Business	Pair Corr
0.39	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr
0.38	MCD	McDonalds	Pair Corr
0.35	CSCO	Cisco Systems	Pair Corr

Related Correlations Analysis

	MMCBX	DODLX	XMSDX	GMDFX	PRVBX	CWFIX	DLGBX	PACEX
MMCBX		0.98	0.87	0.89	0.92	0.86	0.92	0.96	MMCBX
DODLX	0.98		0.9	0.91	0.92	0.89	0.94	0.96	DODLX
XMSDX	0.87	0.9		0.88	0.85	0.83	0.84	0.88	XMSDX
GMDFX	0.89	0.91	0.88		0.92	0.98	0.76	0.9	GMDFX
PRVBX	0.92	0.92	0.85	0.92		0.93	0.84	0.94	PRVBX
CWFIX	0.86	0.89	0.83	0.98	0.93		0.72	0.87	CWFIX
DLGBX	0.92	0.94	0.84	0.76	0.84	0.72		0.91	DLGBX
PACEX	0.96	0.96	0.88	0.9	0.94	0.87	0.91		PACEX
	MMCBX	DODLX	XMSDX	GMDFX	PRVBX	CWFIX	DLGBX	PACEX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between MTCGX Mutual Fund performing well and M Large 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 M Large'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
MMCBX	0.24	0.01	0.26	0.16	0.24	(0.27)	0.56	(0.45)	1.37
DODLX	0.24	0.02	0.27	0.20	0.25	(0.28)	0.56	(0.56)	1.52
XMSDX	0.25	(0.02)	0.00	(0.89)	0.00	0.00	0.51	(0.38)	3.67
GMDFX	0.23	0.03	0.32	0.32	0.21	(0.27)	0.60	(0.40)	1.50
PRVBX	0.10	0.00	0.71	(0.39)	0.00	(0.13)	0.23	(0.17)	0.53
CWFIX	0.08	0.01	0.64	0.15	0.00	(0.12)	0.11	(0.11)	0.53
DLGBX	0.24	0.00	0.24	(0.07)	0.24	(0.29)	0.49	(0.49)	1.23
PACEX	0.12	0.01	0.47	(0.32)	0.00	(0.20)	0.33	(0.22)	0.76

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