Muirfield Fund Correlations
FLMIX Fund | USD 10.92 0.03 0.28% |
The current 90-days correlation between Muirfield Fund Insti and Investec Emerging Markets is -0.02 (i.e., Good diversification). The correlation of Muirfield 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.
Muirfield Fund Correlation With Market
Very poor diversification
The correlation between Muirfield Fund Institutional and DJI is 0.84 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Muirfield Fund Institutional and DJI in the same portfolio, assuming nothing else is changed.
Muirfield |
Moving together with Muirfield Mutual Fund
0.91 | SRUAX | Spectrum Fund Adviser | PairCorr |
0.99 | SRUIX | Spectrum Fund Instit | PairCorr |
0.9 | QNTAX | Quantex Fund Adviser | PairCorr |
0.9 | QNTIX | Quantex Fund Institu | PairCorr |
0.98 | BLNIX | Balanced Fund Instit | PairCorr |
0.98 | BLNAX | Balanced Fund Adviser | PairCorr |
0.66 | FLBDX | Total Return Bond | PairCorr |
0.97 | FLCGX | Quantex Fund Retail | PairCorr |
0.87 | FLDOX | Dividend Opportunities | PairCorr |
0.98 | FLDGX | Dynamic Growth | PairCorr |
0.86 | FLDFX | Balanced Fund Retail | PairCorr |
0.71 | FLFGX | Global Opportunities | PairCorr |
0.9 | FLMFX | Muirfield Fund Retail | PairCorr |
1.0 | FLMAX | Muirfield Fund Adviser | PairCorr |
1.0 | FLSPX | Spectrum Fund Retail | PairCorr |
0.86 | DVOIX | Dividend Opportunities | PairCorr |
0.86 | DVOAX | Dividend Opportunities | PairCorr |
0.69 | BNDAX | Total Return Bond | PairCorr |
0.68 | BNDIX | Total Return Bond | PairCorr |
0.74 | GBPAX | Global Opportunities | PairCorr |
0.74 | GBPIX | Global Opportunities | PairCorr |
0.98 | DYGIX | Dynamic Growth | PairCorr |
0.98 | DYGAX | Dynamic Growth | PairCorr |
0.82 | SMPIX | Semiconductor Ultrasector | PairCorr |
0.81 | LSHAX | Horizon Spin Off | PairCorr |
0.76 | OSPPX | Oppenheimer Steelpath Mlp Steady Growth | PairCorr |
Moving against Muirfield Mutual Fund
Related Correlations Analysis
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Risk-Adjusted Indicators
There is a big difference between Muirfield Mutual Fund performing well and Muirfield 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 Muirfield 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.Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
---|---|---|---|---|---|---|---|---|---|---|
ZEMIX | 0.69 | 0.03 | (0.06) | (0.17) | 0.96 | 1.48 | 4.20 | |||
IJPTX | 0.73 | (0.09) | 0.00 | (0.08) | 0.00 | 1.33 | 4.37 | |||
EGLNX | 0.68 | 0.21 | 0.17 | 2.52 | 0.49 | 1.32 | 4.11 | |||
EPASX | 0.78 | 0.02 | (0.07) | (0.03) | 1.01 | 1.54 | 6.54 | |||
EMSLX | 0.73 | (0.02) | 0.00 | (4.56) | 0.00 | 1.76 | 6.36 | |||
SEKRX | 0.79 | 0.00 | (0.08) | 0.04 | 1.00 | 1.85 | 5.33 | |||
POEIX | 0.84 | 0.00 | 0.00 | 0.11 | 0.00 | 1.54 | 5.70 |