Monteagle Select Correlations

MVEIX Fund

USD 10.46 0.01 0.1%

The current 90-days correlation between Monteagle Select Value and The Texas Fund is 0.17 (i.e., Average diversification). The correlation of Monteagle Select 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.

Monteagle Select Correlation With Market

Very weak diversification

The correlation between Monteagle Select Value and DJI is 0.43 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Monteagle Select Value 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 Monteagle Select Value. 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 gross domestic product.

Moving together with Monteagle Mutual Fund

0.84	EEIFX	Monteagle Enhanced Equity	Pair Corr
0.71	HEQFX	Henssler Equity	Pair Corr
0.82	FLPKX	Fidelity Low Priced	Pair Corr
0.73	FLPSX	Fidelity Low Priced	Pair Corr
0.75	VMVAX	Vanguard Mid Cap	Pair Corr
0.9	JVMAX	John Hancock Disciplined	Pair Corr
0.9	JVMIX	John Hancock Disciplined	Pair Corr
0.78	VMVIX	Vanguard Mid Cap	Pair Corr
0.84	JMVZX	Jpmorgan Mid Cap	Pair Corr
0.84	JMVRX	Jpmorgan Mid Cap	Pair Corr
0.84	JMVQX	Jpmorgan Mid Cap	Pair Corr
0.84	JMVYX	Jpmorgan Mid Cap	Pair Corr
0.63	FFBTX	Fidelity Freedom Blend	Pair Corr
0.69	GABFX	Gmo Asset Allocation	Pair Corr
0.78	GQLOX	Gmo Quality Fund	Pair Corr
0.82	GHVIX	Gmo High Yield	Pair Corr
0.77	GMCQX	Gmo Equity Allocation	Pair Corr

Moving against Monteagle Mutual Fund

0.44	TCHTX	Cleartrack 2020 Class	Pair Corr
0.38	DRGTX	Allianzgi Technology	Pair Corr
0.49	FOCPX	Fidelity Otc Portfolio	Pair Corr
0.44	LOTCX	Locorr Market Trend	Pair Corr
0.43	MUIIX	Ultra Short Income	Pair Corr
0.38	VIGAX	Vanguard Growth Index	Pair Corr
0.37	JSOSX	Jpmorgan Strategic Income	Pair Corr

Related Correlations Analysis

	BIGTX	EEIFX	MVEIX	HEQFX	PRMTX	IRDEX	VIGAX	LOTCX	JSOSX	VSMAX
BIGTX		0.74	0.59	0.9	0.6	0.76	0.39	0.14	0.19	0.88	BIGTX
EEIFX	0.74		0.84	0.89	0.04	0.29	-0.08	-0.22	-0.11	0.52	EEIFX
MVEIX	0.59	0.84		0.71	-0.2	0.02	-0.38	-0.44	-0.37	0.26	MVEIX
HEQFX	0.9	0.89	0.71		0.4	0.61	0.26	0.09	0.0	0.81	HEQFX
PRMTX	0.6	0.04	-0.2	0.4		0.94	0.93	0.65	0.59	0.81	PRMTX
IRDEX	0.76	0.29	0.02	0.61	0.94		0.85	0.56	0.47	0.9	IRDEX
VIGAX	0.39	-0.08	-0.38	0.26	0.93	0.85		0.74	0.61	0.7	VIGAX
LOTCX	0.14	-0.22	-0.44	0.09	0.65	0.56	0.74		0.4	0.47	LOTCX
JSOSX	0.19	-0.11	-0.37	0.0	0.59	0.47	0.61	0.4		0.28	JSOSX
VSMAX	0.88	0.52	0.26	0.81	0.81	0.9	0.7	0.47	0.28		VSMAX
	BIGTX	EEIFX	MVEIX	HEQFX	PRMTX	IRDEX	VIGAX	LOTCX	JSOSX	VSMAX

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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

IRDEX	+ 0.94	PRMTX
VIGAX	+ 0.93	PRMTX
HEQFX	+ 0.9	BIGTX
VSMAX	+ 0.9	IRDEX
HEQFX	+ 0.89	EEIFX
VSMAX	+ 0.88	BIGTX

High negative correlations

LOTCX	- 0.44	MVEIX
VIGAX	- 0.38	MVEIX
JSOSX	- 0.37	MVEIX
LOTCX	- 0.22	EEIFX
PRMTX	- 0.2	MVEIX
JSOSX	- 0.11	EEIFX

Risk-Adjusted Indicators

There is a big difference between Monteagle Mutual Fund performing well and Monteagle Select 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 Monteagle Select'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
BIGTX	0.78	(0.01)	(0.01)	0.00	1.14	(0.87)	1.50	(1.23)	10.10
EEIFX	0.47	(0.07)	0.00	(0.53)	0.00	0.00	0.75	(1.14)	4.12
MVEIX	0.58	(0.17)	0.00	(0.28)	0.00	0.00	0.99	(0.95)	8.60
HEQFX	0.74	(0.08)	0.00	(0.29)	0.00	0.00	1.21	(1.13)	9.38
PRMTX	0.70	0.16	0.12	1.09	0.97	(0.70)	1.40	(1.68)	5.63
IRDEX	0.53	0.06	0.04	0.27	0.69	(0.65)	1.30	(1.05)	5.83
VIGAX	0.74	0.14	0.10	4.44	0.92	(0.73)	1.64	(1.49)	5.89
LOTCX	0.59	(0.02)	0.00	(0.21)	0.00	0.00	1.01	(1.50)	3.31
JSOSX	0.05	0.00	(0.10)	0.45	0.00	(0.10)	0.09	(0.09)	0.52
VSMAX	0.75	0.05	0.04	0.36	0.96	(0.82)	1.61	(1.19)	8.23

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