Praxis Genesis Correlations

MBAPX Fund  USD 16.42  0.07  0.43%   
The current 90-days correlation between Praxis Genesis Balanced and Praxis Growth Index is 0.86 (i.e., Very poor diversification). The correlation of Praxis Genesis 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.

Praxis Genesis Correlation With Market

Very poor diversification

The correlation between Praxis Genesis Balanced and DJI is 0.85 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Praxis Genesis Balanced and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Praxis Genesis Balanced. 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 american community survey.

Moving together with Praxis Mutual Fund

  0.99MMDEX Praxis Growth IndexPairCorr
  0.98MMSCX Praxis Small CapPairCorr
  0.98MMSIX Praxis Small CapPairCorr
  0.98MPLAX Praxis InternationalPairCorr
  0.98MPLIX Praxis InternationalPairCorr
  0.99MCONX Praxis Genesis ServativePairCorr
  0.99MVIIX Praxis Value IndexPairCorr
  0.99MVIAX Praxis Value IndexPairCorr
  1.0MGAFX Praxis Genesis GrowthPairCorr
  0.99MGNDX Praxis Growth IndexPairCorr
  0.66MIIIX Praxis Impact BondPairCorr
  0.64MIIAX Praxis Impact BondPairCorr
  0.99FBONX American Funds AmericanPairCorr
  0.99FBAFX American Funds AmericanPairCorr
  0.99ABALX American BalancedPairCorr
  0.99BALCX American BalancedPairCorr
  0.99BALFX American BalancedPairCorr
  0.99RLBCX American BalancedPairCorr
  0.99RLBBX American BalancedPairCorr
  0.99CLBAX American BalancedPairCorr
  0.99CLBEX American BalancedPairCorr
  0.99RLBFX American BalancedPairCorr
  1.0VTSAX Vanguard Total StockPairCorr
  1.0VFIAX Vanguard 500 IndexPairCorr
  1.0VTSMX Vanguard Total StockPairCorr
  1.0VSMPX Vanguard Total StockPairCorr
  1.0VSTSX Vanguard Total StockPairCorr
  1.0VITSX Vanguard Total StockPairCorr
  1.0VFINX Vanguard 500 IndexPairCorr
  1.0VFFSX Vanguard 500 IndexPairCorr
  0.99VGTSX Vanguard Total InterPairCorr
  0.99VTIAX Vanguard Total InterPairCorr
  0.94RULFX Rbc Ultra ShortPairCorr
  0.68PCLAX Pimco CommoditiesplusPairCorr
  1.0JRLVX Retirement Living ThroughPairCorr
  0.99FSPTX Technology PortfolioPairCorr
  1.0IDXNX Voya Index SolutionPairCorr
  0.8GUIRX Goldman Sachs DynamicPairCorr
  0.98FEIPX Fa529 Eq InPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Praxis Mutual Fund performing well and Praxis Genesis 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 Praxis Genesis' 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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
MMDEX  0.80  0.17  0.16  0.30  0.64 
 2.39 
 5.62 
MMSCX  0.82  0.09  0.09  0.21  0.81 
 2.19 
 6.61 
MMSIX  0.82  0.09  0.09  0.22  0.81 
 2.22 
 6.52 
MPLAX  0.46  0.13  0.09  0.45  0.28 
 1.34 
 3.12 
MPLIX  0.46  0.14  0.09  0.46  0.27 
 1.33 
 3.15 
MBAPX  0.37  0.07  0.00  0.28  0.18 
 1.20 
 2.56 
MCONX  0.25  0.04 (0.17) 0.27  0.08 
 0.67 
 1.71 
MVIIX  0.61  0.04  0.01  0.18  0.57 
 1.55 
 4.24 
MVIAX  0.60  0.04  0.01  0.18  0.59 
 1.57 
 4.21 
MGAFX  0.46  0.09  0.05  0.28  0.30 
 1.45 
 3.33