Midas Fund Correlations

MIDSX Fund

USD 3.45 0.01 0.29%

The current 90-days correlation between Midas Fund Midas and Tsw Equity Portfolio is 0.07 (i.e., Significant diversification). The correlation of Midas 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.

Midas Fund Correlation With Market

Modest diversification

The correlation between Midas Fund Midas and DJI is 0.27 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Midas Fund Midas 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 Midas Fund Midas. 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 main economic indicators.

Moving together with Midas Mutual Fund

0.92	SGGDX	First Eagle Gold	Pair Corr
0.99	FEGIX	First Eagle Gold	Pair Corr
0.99	FEGOX	First Eagle Gold	Pair Corr
0.91	OPGSX	Oppenheimer Gold Spec	Pair Corr
0.98	OGMCX	Oppenheimer Gold Special	Pair Corr
0.97	FSAGX	Gold Portfolio Gold	Pair Corr
0.98	FKRCX	Franklin Gold Precious	Pair Corr
0.92	FRGOX	Franklin Gold Precious	Pair Corr
0.98	SGDLX	Sprott Gold Equity	Pair Corr
0.98	SGDIX	Deutsche Gold Precious	Pair Corr
0.74	GAAVX	Gmo Alternative Allo	Pair Corr
0.68	GMCQX	Gmo Equity Allocation	Pair Corr
0.76	USSBX	Short Term Bond	Pair Corr
0.77	STBAX	Invesco Short Term	Pair Corr
0.65	PHDAX	High Yield Fund	Pair Corr
0.7	VDIGX	Vanguard Dividend Growth	Pair Corr
0.79	KNGIX	Cboe Vest Sp	Pair Corr
0.75	PQTNX	Pimco Trends Managed	Pair Corr

Related Correlations Analysis

	TSWEX	SXMAX	MECIX	QNTAX	FLCGX	QNTIX	GIJPX	GTCIX	ACWDX	MNWAX
TSWEX		0.0	0.2	0.7	0.7	0.7	-0.22	-0.03	0.45	-0.05	TSWEX
SXMAX	0.0		0.5	-0.05	-0.06	-0.05	0.14	0.59	0.46	0.49	SXMAX
MECIX	0.2	0.5		0.11	0.11	0.11	-0.49	0.05	0.37	0.51	MECIX
QNTAX	0.7	-0.05	0.11		1.0	1.0	0.17	0.15	0.56	0.07	QNTAX
FLCGX	0.7	-0.06	0.11	1.0		1.0	0.16	0.14	0.56	0.07	FLCGX
QNTIX	0.7	-0.05	0.11	1.0	1.0		0.17	0.15	0.56	0.07	QNTIX
GIJPX	-0.22	0.14	-0.49	0.17	0.16	0.17		0.68	0.35	-0.16	GIJPX
GTCIX	-0.03	0.59	0.05	0.15	0.14	0.15	0.68		0.61	0.24	GTCIX
ACWDX	0.45	0.46	0.37	0.56	0.56	0.56	0.35	0.61		0.18	ACWDX
MNWAX	-0.05	0.49	0.51	0.07	0.07	0.07	-0.16	0.24	0.18		MNWAX
	TSWEX	SXMAX	MECIX	QNTAX	FLCGX	QNTIX	GIJPX	GTCIX	ACWDX	MNWAX

Please upgrade your account to get full access to Macroaxis premium features

Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

FLCGX	+ 1.0	QNTAX
QNTIX	+ 1.0	QNTAX
QNTIX	+ 1.0	FLCGX
QNTAX	+ 0.7	TSWEX
FLCGX	+ 0.7	TSWEX
QNTIX	+ 0.7	TSWEX

High negative correlations

GIJPX	- 0.49	MECIX
GIJPX	- 0.22	TSWEX
MNWAX	- 0.16	GIJPX
FLCGX	- 0.06	SXMAX
QNTIX	- 0.05	SXMAX
QNTAX	- 0.05	SXMAX

Risk-Adjusted Indicators

There is a big difference between Midas Mutual Fund performing well and Midas 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 Midas 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
TSWEX	0.75	(0.20)	0.00	(0.16)	0.00	0.00	1.03	(1.23)	15.31
SXMAX	0.29	(0.02)	(0.13)	0.02	0.32	(0.32)	0.56	(0.51)	1.57
MECIX	0.61	(0.13)	0.00	(0.13)	0.00	0.00	0.96	(1.09)	6.13
QNTAX	0.70	(0.13)	0.00	(0.16)	0.00	0.00	1.25	(1.65)	8.61
FLCGX	0.70	(0.13)	0.00	(0.16)	0.00	0.00	1.26	(1.64)	8.70
QNTIX	0.70	(0.13)	0.00	(0.16)	0.00	0.00	1.25	(1.65)	8.62
GIJPX	0.08	0.02	(0.30)	(1.39)	0.00	(0.13)	0.26	(0.09)	0.70
GTCIX	0.51	(0.01)	(0.05)	0.05	0.81	(0.47)	0.99	(0.96)	4.21
ACWDX	1.10	(0.19)	0.00	(0.07)	0.00	0.00	1.94	(2.11)	13.03
MNWAX	0.25	(0.01)	(0.17)	(0.12)	0.34	(0.28)	0.53	(0.52)	1.73

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC