Mexico Equity Correlations

MXE Fund

USD 8.87 0.01 0.11%

The current 90-days correlation between Mexico Equity And and Pimco New York is 0.12 (i.e., Average diversification). The correlation of Mexico Equity 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.

Mexico Equity Correlation With Market

Weak diversification

The correlation between Mexico Equity And and DJI is 0.36 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mexico Equity And 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 Mexico Equity And. Also, note that the market value of any fund could be closely tied with the direction of predictive economic indicators such as signals in interest.

Moving together with Mexico Fund

0.81	PTY	Pimco Corporate Income	Pair Corr
0.73	PHK	Pimco High Income	Pair Corr
0.83	PCN	Pimco Corporate Income	Pair Corr
0.84	FFC	Flaherty Crumrine	Pair Corr
0.79	NUV	Nuveen Municipal Value	Pair Corr
0.76	HIO	Western Asset High	Pair Corr
0.8	CKKRX	Columbia Income Builder	Pair Corr
0.75	OWCIX	Old Westbury Credit	Pair Corr
0.84	VMSIX	Vanguard Multi Sector	Pair Corr
0.79	HEMZX	Virtus Emerging Markets	Pair Corr
0.76	PCCFX	Prudential Income Builder	Pair Corr
0.89	PUGCX	Putnam Global Equity	Pair Corr
0.84	NSITX	Northern Short-intermedia	Pair Corr
0.67	JULMX	Multimanager Lifestyle	Pair Corr
0.74	CITAX	American High Income	Pair Corr
0.7	WATCX	Western Asset Interm	Pair Corr
0.68	MINFX	Mfs International Value	Pair Corr
0.79	IRFIX	Cohen Steers Interna	Pair Corr
0.66	AFTEX	Tax Exempt Bond	Pair Corr
0.87	VTMGX	Vanguard Developed	Pair Corr
0.84	REMVX	Rbc Emerging Markets	Pair Corr
0.72	ASBFX	Short Term Bond	Pair Corr
0.81	CBURX	Columbia Income Builder	Pair Corr
0.63	WCCFX	Wealthbuilder Conservative	Pair Corr
0.77	GIGGX	Deutsche Gnma	Pair Corr
0.81	MNCIX	Pro-blend(r) Conservative	Pair Corr
0.79	MNCRX	Pro-blend(r) Conservative	Pair Corr
0.78	HIMZX	Virtus Low Duration	Pair Corr
0.78	RBBCX	Columbia Income Builder	Pair Corr
0.84	UTDIX	My529 International Value	Pair Corr
0.7	FHYIX	Franklin High Yield	Pair Corr
0.77	FLRRX	Franklin Low Duration	Pair Corr
0.75	NHILX	Neuberger Berman High	Pair Corr
0.86	BRKRX	Mfs Blended Research	Pair Corr

Moving against Mexico Fund

0.68	CHY	Calamos Convertible And	Pair Corr
0.66	CHI	Calamos Convertible	Pair Corr
0.42	RCS	Pimco Strategic Income	Pair Corr
0.59	ABQYX	Ab Intermediate Bond	Pair Corr

Related Correlations Analysis

	KF	EHI	GF	MCR	NPCT	PYN	MUE	NQP	ENX	PNF
KF		0.72	0.74	0.59	0.69	0.63	0.41	0.66	0.61	0.59	KF
EHI	0.72		0.57	0.8	0.61	0.57	0.5	0.67	0.68	0.65	EHI
GF	0.74	0.57		0.27	0.73	0.44	0.2	0.53	0.64	0.52	GF
MCR	0.59	0.8	0.27		0.58	0.72	0.66	0.78	0.67	0.74	MCR
NPCT	0.69	0.61	0.73	0.58		0.83	0.71	0.9	0.85	0.89	NPCT
PYN	0.63	0.57	0.44	0.72	0.83		0.86	0.94	0.86	0.9	PYN
MUE	0.41	0.5	0.2	0.66	0.71	0.86		0.87	0.74	0.84	MUE
NQP	0.66	0.67	0.53	0.78	0.9	0.94	0.87		0.89	0.96	NQP
ENX	0.61	0.68	0.64	0.67	0.85	0.86	0.74	0.89		0.89	ENX
PNF	0.59	0.65	0.52	0.74	0.89	0.9	0.84	0.96	0.89		PNF
	KF	EHI	GF	MCR	NPCT	PYN	MUE	NQP	ENX	PNF

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Risk-Adjusted Indicators

There is a big difference between Mexico Fund performing well and Mexico Equity 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 Mexico Equity'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
KF	0.93	0.17	0.17	0.22	1.01	(1.01)	2.36	(1.84)	5.73
EHI	0.45	0.07	0.22	0.18	0.42	(0.56)	0.91	(0.74)	3.66
GF	1.01	0.39	0.33	0.52	0.88	(1.18)	2.80	(1.64)	7.35
MCR	0.40	0.01	0.10	(0.02)	0.51	(0.49)	0.66	(0.94)	3.88
NPCT	0.51	(0.04)	0.00	0.21	0.00	0.00	1.09	(1.07)	3.31
PYN	0.47	(0.04)	0.00	(0.25)	0.00	0.00	0.85	(1.06)	2.24
MUE	0.56	(0.06)	0.00	(0.29)	0.00	0.00	1.20	(1.25)	2.77
NQP	0.54	(0.03)	0.00	(0.26)	0.00	0.00	0.86	(1.39)	3.10
ENX	0.51	0.00	0.10	(0.05)	0.62	(0.56)	1.06	(1.14)	3.06
PNF	0.47	(0.01)	0.00	(0.10)	0.00	0.00	0.83	(1.08)	3.00

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