Mexico Closed Correlations

Funds . USA . 
Fund . Mexico Closed
MXF Fund  USD 14.58  0.04  0.28%   
The current 90-days correlation between Mexico Closed and Blackrock Muniyield Pennsylvania is -0.15 (i.e., Good diversification). The correlation of Mexico Closed 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.
  
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Mexico Closed. 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

  0.71NEA Nuveen Amt Free Sell-off TrendPairCorr
  0.72NVG Nuveen Amt FreePairCorr
  0.84EDD Morgan Stanley EmergingPairCorr
  0.76PTY Pimco Corporate IncomePairCorr
  0.72NZF Nuveen Municipal CreditPairCorr
  0.67IBM International BusinessPairCorr
  0.67MCD McDonaldsPairCorr

Moving against Mexico Fund

  0.39PFE Pfizer IncPairCorr
  0.36CAT CaterpillarPairCorr
  0.35DIS Walt DisneyPairCorr
  0.31AXP American ExpressPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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   
CEE
+ 0.89
SWZ
HIO
+ 0.88
JOF
HIX
+ 0.85
PYN
JOF
+ 0.8
CEE
HIX
+ 0.8
CEE
HIX
+ 0.78
SWZ
  
High negative correlations   
JOF
- 0.79
TWN
HIO
- 0.77
TWN
TWN
- 0.62
SWZ
TWN
- 0.55
CEE
JOF
- 0.44
MPA
TWN
- 0.39
PYN

Risk-Adjusted Indicators

There is a big difference between Mexico Fund performing well and Mexico Closed 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 Closed'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
MPA  0.50  0.00  0.00  0.00  0.00 
 0.00 
 1.13 
(0.87)
 3.89 
PYN  0.47 (0.06) 0.00 (0.30) 0.00 
 0.00 
 0.85 
(1.06)
 2.24 
FGB  0.87  0.11  0.13  0.27  1.05 
(0.94)
 1.94 
(1.62)
 5.69 
SWZ  0.80  0.30  0.50 (2.56) 0.24 
(1.07)
 1.92 
(1.12)
 7.18 
NXG  1.42  0.28  0.13  0.96  2.23 
(1.46)
 3.26 
(2.45)
 13.11 
CEE  2.11  0.49  0.19  2.43  2.39 
(2.30)
 5.96 
(3.67)
 20.37 
TWN  1.05 (0.18) 0.00 (11.39) 0.00 
 0.00 
 1.93 
(2.69)
 7.31 
JOF  0.74  0.17  0.31 (1.52) 0.58 
(0.86)
 1.83 
(1.17)
 3.72 
HIX  0.45  0.05  0.20  2.07  0.45 
(0.55)
 0.95 
(0.94)
 2.91 
HIO  0.45  0.09  0.31  2.04  0.27 
(0.67)
 1.04 
(0.74)
 4.34 

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
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY