Quantex Fund Correlations

Mutual Funds . USA . 
Fund . Quantex Fund Adviser
QNTAX Fund  USD 34.86  0.47  1.37%   
The current 90-days correlation between Quantex Fund Adviser and Quantex Fund Institutional is 1.0 (i.e., No risk reduction). The correlation of Quantex Fund 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.

Quantex Fund Correlation With Market

Poor diversification

The correlation between Quantex Fund Adviser and DJI is 0.72 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Quantex Fund Adviser and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Quantex Fund Adviser. 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 nation.

Moving together with Quantex Mutual Fund

  0.96SRUAX Spectrum Fund AdviserPairCorr
  0.69IFAIX Infrastructure FundPairCorr
  0.99BLNAX Balanced Fund AdviserPairCorr
  1.0FLDGX Dynamic GrowthPairCorr
  0.99FLDFX Balanced Fund RetailPairCorr
  0.96FLSPX Spectrum Fund RetailPairCorr
  0.95DVOIX Dividend OpportunitiesPairCorr
  0.7GBPAX Global OpportunitiesPairCorr
  0.84CGRGX American Funds GrowthPairCorr
  0.84FPGGX American Funds GrowthPairCorr
  0.84FGPGX American Funds GrowthPairCorr
  0.64MUTHX Franklin Mutual SharesPairCorr
  0.64TESRX Franklin Mutual SharesPairCorr
  0.64FMSHX Franklin Mutual SharesPairCorr
  0.83GWPCX American Funds GrowthPairCorr
  0.84GWPFX American Funds GrowthPairCorr
  0.84GWPAX American Funds GrowthPairCorr
  0.84CGQGX American Funds GrowthPairCorr

Related Correlations Analysis

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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   
FLCGX
+ 1.0
QNTIX
FACSX
+ 0.88
QNTIX
FACSX
+ 0.88
FLCGX
KMDVX
+ 0.76
FACSX
KMDVX
+ 0.72
FLCGX
KMDVX
+ 0.71
QNTIX
  
High negative correlations   
KMDVX
- 0.0
MMERX
MMERX
- 0.0
FACSX
MMERX
- 0.0
FLCGX
MMERX
- 0.0
QNTIX

Risk-Adjusted Indicators

There is a big difference between Quantex Mutual Fund performing well and Quantex Fund 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 Quantex Fund'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.

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