Quantex Fund Correlations

Mutual Funds . USA . 
Fund . Quantex Fund Retail
FLCGX Fund  USD 35.69  0.11  0.31%   
The current 90-days correlation between Quantex Fund Retail and Muirfield Fund Retail is 0.99 (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

Almost no diversification

The correlation between Quantex Fund Retail and DJI is 0.97 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Quantex Fund Retail and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Quantex Fund Retail. 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 price.

Moving together with Quantex Mutual Fund

  0.93SRUAX Spectrum Fund AdviserPairCorr
  0.93SRUIX Spectrum Fund InstitPairCorr
  1.0QNTAX Quantex Fund AdviserPairCorr
  1.0QNTIX Quantex Fund InstituPairCorr
  0.91IFAAX Infrastructure FundPairCorr
  0.81IFAIX Infrastructure FundPairCorr
  0.99BLNIX Balanced Fund InstitPairCorr
  0.92BLNAX Balanced Fund AdviserPairCorr
  0.89FLDOX Dividend OpportunitiesPairCorr
  0.94FLDGX Dynamic GrowthPairCorr
  0.91FLDFX Balanced Fund RetailPairCorr
  0.94FLFGX Global OpportunitiesPairCorr
  0.99FLMIX Muirfield Fund InstiPairCorr
  0.99FLMFX Muirfield Fund RetailPairCorr
  0.93FLMAX Muirfield Fund AdviserPairCorr
  0.91FLRUX Infrastructure FundPairCorr
  0.99FLSPX Spectrum Fund RetailPairCorr
  0.89DVOIX Dividend OpportunitiesPairCorr
  0.89DVOAX Dividend OpportunitiesPairCorr
  0.94GBPAX Global OpportunitiesPairCorr
  1.0GBPIX Global OpportunitiesPairCorr
  1.0DYGIX Dynamic GrowthPairCorr
  0.94DYGAX Dynamic GrowthPairCorr
  0.99CGRGX American Funds GrowthPairCorr
  0.99FPGGX American Funds GrowthPairCorr
  0.99FGPGX American Funds GrowthPairCorr
  0.79MUTHX Franklin Mutual SharesPairCorr
  0.79TESRX Franklin Mutual SharesPairCorr
  0.79FMSHX Franklin Mutual SharesPairCorr
  0.99GWPCX American Funds GrowthPairCorr
  0.99GWPFX American Funds GrowthPairCorr
  0.95GWPAX American Funds GrowthPairCorr
  0.99CGQGX American Funds GrowthPairCorr

Moving against Quantex Mutual Fund

  0.62PQTAX Pimco Trends ManagedPairCorr
  0.61PQTIX Aa Pimco TrPairCorr
  0.59PQTNX Pimco Trends ManagedPairCorr

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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