Quantex Fund Correlations

Mutual Funds . USA . 
Fund . Quantex Fund Institutional
QNTIX Fund  USD 34.46  0.43  1.23%   
The current 90-days correlation between Quantex Fund Institu and Quantex Fund Adviser 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 Institutional 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 Institutional 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 Institutional. 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 Quantex Mutual Fund

  0.93SRUAX Spectrum Fund AdviserPairCorr
  1.0QNTAX Quantex Fund AdviserPairCorr
  0.7IFAIX Infrastructure FundPairCorr
  0.99BLNAX Balanced Fund AdviserPairCorr
  0.96FLDGX Dynamic GrowthPairCorr
  0.95FLDFX Balanced Fund RetailPairCorr
  0.95FLSPX Spectrum Fund RetailPairCorr
  0.95DVOIX Dividend OpportunitiesPairCorr
  0.65GBPAX Global OpportunitiesPairCorr
  0.7CGRGX American Funds GrowthPairCorr
  0.9FPGGX American Funds GrowthPairCorr
  0.97FGPGX American Funds GrowthPairCorr
  0.7MUTHX Franklin Mutual SharesPairCorr
  0.68TESRX Franklin Mutual SharesPairCorr
  0.7FMSHX Franklin Mutual SharesPairCorr
  0.87GWPCX American Funds GrowthPairCorr
  0.7GWPFX American Funds GrowthPairCorr
  0.88GWPAX American Funds GrowthPairCorr
  0.97CGQGX American Funds GrowthPairCorr

Related Correlations Analysis

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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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