Maingate Mlp Correlations

AMLPX Fund

USD 9.22 0.01 0.11%

The current 90-days correlation between Maingate Mlp and Stone Ridge Diversified is 0.15 (i.e., Average diversification). The correlation of Maingate Mlp 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.

Maingate Mlp Correlation With Market

Good diversification

The correlation between Maingate Mlp Fund and DJI is -0.1 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Maingate Mlp Fund and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Maingate Mlp Fund. 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 metropolitan statistical area.

Moving together with Maingate Mutual Fund

0.91	MLCPX	Maingate Mlp	Pair Corr
0.91	IMLPX	Maingate Mlp	Pair Corr
0.9	TORCX	Tortoise Mlp Pipeline	Pair Corr
0.84	MLPTX	Oppenheimer Steelpath Mlp	Pair Corr
0.84	OSPSX	Oppenheimer Steelpath Mlp	Pair Corr
0.7	MLPZX	Oppenheimer Steelpath Mlp	Pair Corr
0.71	OSPMX	Oppenheimer Steelpath Mlp	Pair Corr
0.85	MLPDX	Oppenheimer Steelpath Mlp	Pair Corr
0.72	MLPRX	Oppenheimer Steelpath Mlp	Pair Corr
0.78	GMLPX	Goldman Sachs Mlp	Pair Corr
0.78	GLPIX	Goldman Sachs Mlp	Pair Corr
0.78	GLPRX	Goldman Sachs Mlp	Pair Corr

Moving against Maingate Mutual Fund

0.53	XDSMX	Dreyfus Strategic	Pair Corr
0.5	NXJ	Nuveen New Jersey	Pair Corr
0.49	XNXJX	Nuveen New Jersey	Pair Corr
0.4	XPPRX	Voya Prime Rate	Pair Corr
0.54	UMNIX	Lazard Short Duration	Pair Corr
0.52	MIPTX	Matthews Pacific Tiger	Pair Corr
0.52	VBIPX	Vanguard Short Term	Pair Corr
0.5	CTFAX	Columbia Thermostat	Pair Corr
0.5	VFTAX	Vanguard Ftse Social	Pair Corr
0.5	PARJX	T Rowe Price	Pair Corr
0.49	DGIIX	Dgi Balanced I	Pair Corr
0.49	HSDFX	Hartford Short	Pair Corr
0.49	BRKRX	Mfs Blended Research	Pair Corr
0.48	FFFHX	Fidelity Freedom 2050	Pair Corr
0.46	ILGGX	Columbia Integrated Large	Pair Corr
0.45	SPECX	Alger Spectra	Pair Corr
0.43	XNBHX	Neuberger Berman Int	Pair Corr
0.4	PPSIX	Preferred Securities	Pair Corr
0.38	PLSTX	Pacific Funds Strategic	Pair Corr
0.59	CNTEX	Columbia Conservative	Pair Corr
0.58	CGAEX	Calvert Global Energy	Pair Corr
0.55	DMO	Western Asset Mortgage	Pair Corr
0.54	LIFEX	Domini Sustainable	Pair Corr

Related Correlations Analysis

	SRDAX	CDBCX	NQQQX	TRHBX	FARIX
SRDAX		0.69	0.69	0.54	0.81	SRDAX
CDBCX	0.69		0.78	0.75	0.86	CDBCX
NQQQX	0.69	0.78		0.81	0.86	NQQQX
TRHBX	0.54	0.75	0.81		0.72	TRHBX
FARIX	0.81	0.86	0.86	0.72		FARIX
	SRDAX	CDBCX	NQQQX	TRHBX	FARIX

Risk-Adjusted Indicators

There is a big difference between Maingate Mutual Fund performing well and Maingate Mlp 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 Maingate Mlp'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
SRDAX	0.14	0.03	(0.02)	(0.40)	0.00	(0.19)	0.29	(0.29)	0.85
CDBCX	0.17	0.02	(0.05)	0.55	0.00	(0.21)	0.33	(0.22)	0.98
NQQQX	0.76	0.05	0.01	(2.57)	1.09	(0.74)	1.56	(1.91)	5.05
TRHBX	0.92	0.05	0.01	(1.86)	1.17	(0.94)	1.97	(1.94)	6.85
FARIX	0.32	0.06	0.09	0.24	0.24	(0.40)	0.69	(0.67)	2.09

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