Midas Fund Correlations

MIDSX Fund

USD 3.15 0.10 3.28%

The current 90-days correlation between Midas Fund Midas and Tsw Equity Portfolio is -0.02 (i.e., Good 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

Significant diversification

The correlation between Midas Fund Midas and DJI is 0.08 (i.e., Significant 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

0.79	MISEX	Midas Special	Pair Corr
0.97	FEGOX	First Eagle Gold Steady Growth	Pair Corr
0.97	SGGDX	First Eagle Gold Steady Growth	Pair Corr
1.0	FEGIX	First Eagle Gold Steady Growth	Pair Corr
0.99	OGMCX	Oppenheimer Gold Special Steady Growth	Pair Corr
0.96	OPGSX	Oppenheimer Gold Spec Steady Growth	Pair Corr
0.99	FSAGX	Gold Portfolio Gold Steady Growth	Pair Corr
0.99	FIJDX	Gold Portfolio Fidelity Steady Growth	Pair Corr
0.7	DXQLX	Direxion Monthly Nasdaq	Pair Corr
0.66	RYVLX	Nasdaq 100 2x	Pair Corr
0.69	RYVYX	Nasdaq 100 2x	Pair Corr
0.74	UOPIX	Ultra Nasdaq 100	Pair Corr
0.69	RYCCX	Nasdaq 100 2x	Pair Corr
0.76	UOPSX	Ultranasdaq 100 Profund	Pair Corr
0.81	BIPIX	Biotechnology Ultrasector Steady Growth	Pair Corr
0.74	PCLVX	Pace Large Value	Pair Corr
0.78	GQLIX	Gmo Quality Fund	Pair Corr
0.85	SWGRX	Schwab Target 2015	Pair Corr
0.89	ASFYX	Asg Managed Futures	Pair Corr
0.72	HTD	John Hancock Tax	Pair Corr
0.85	GUSTX	Gmo Treasury	Pair Corr
0.94	BICSX	Blackrock Commodity	Pair Corr
0.62	MKVGX	Mfs International Large	Pair Corr
0.76	SBSDX	Qs Sp 500	Pair Corr
0.78	IRSNX	Voya Target Retirement	Pair Corr
0.87	JYHRX	Jpmorgan High Yield	Pair Corr
0.77	SRUIX	Spectrum Fund Instit	Pair Corr
0.76	VFINX	Vanguard 500 Index	Pair Corr
0.79	VWNAX	Vanguard Windsor	Pair Corr
0.87	FILDX	Frost Low Duration	Pair Corr
0.81	WLCTX	Wilshire International	Pair Corr
0.8	VGHAX	Vanguard Health Care	Pair Corr
0.74	AFDIX	Sustainable Equity	Pair Corr
0.82	TDF	Templeton Dragon Closed	Pair Corr
0.89	WHGIX	Westwood Income Oppo	Pair Corr
0.89	FUMBX	Fidelity Short Term	Pair Corr

Related Correlations Analysis

	TSWEX	SXMAX	MECIX	QNTAX	FLCGX	QNTIX	GIJPX	GTCIX	ACWDX	MNWAX
TSWEX		0.84	-0.14	0.61	0.65	0.65	0.64	0.65	0.73	0.3	TSWEX
SXMAX	0.84		0.26	0.45	0.55	0.55	0.49	0.63	0.69	0.28	SXMAX
MECIX	-0.14	0.26		-0.42	-0.32	-0.33	-0.43	-0.21	-0.23	0.13	MECIX
QNTAX	0.61	0.45	-0.42		0.96	0.96	0.93	0.88	0.84	0.35	QNTAX
FLCGX	0.65	0.55	-0.32	0.96		1.0	0.94	0.92	0.91	0.25	FLCGX
QNTIX	0.65	0.55	-0.33	0.96	1.0		0.94	0.92	0.91	0.25	QNTIX
GIJPX	0.64	0.49	-0.43	0.93	0.94	0.94		0.9	0.89	0.08	GIJPX
GTCIX	0.65	0.63	-0.21	0.88	0.92	0.92	0.9		0.88	0.23	GTCIX
ACWDX	0.73	0.69	-0.23	0.84	0.91	0.91	0.89	0.88		0.13	ACWDX
MNWAX	0.3	0.28	0.13	0.35	0.25	0.25	0.08	0.23	0.13		MNWAX
	TSWEX	SXMAX	MECIX	QNTAX	FLCGX	QNTIX	GIJPX	GTCIX	ACWDX	MNWAX

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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

QNTIX	+ 1.0	FLCGX
FLCGX	+ 0.96	QNTAX
QNTIX	+ 0.96	QNTAX
GIJPX	+ 0.94	FLCGX
GIJPX	+ 0.94	QNTIX
GIJPX	+ 0.93	QNTAX

High negative correlations

GIJPX	- 0.43	MECIX
QNTAX	- 0.42	MECIX
QNTIX	- 0.33	MECIX
FLCGX	- 0.32	MECIX
ACWDX	- 0.23	MECIX
GTCIX	- 0.21	MECIX

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	0.50	(0.01)	(0.06)	0.10	0.49	(0.58)	1.25	(1.11)	3.59
SXMAX	0.27	(0.03)	(0.27)	0.06	0.26	(0.31)	0.57	(0.50)	1.85
MECIX	0.48	(0.11)	0.00	(0.04)	0.00	0.00	0.93	(1.07)	3.52
QNTAX	0.52	0.11	(0.03)	(3.19)	0.58	(0.52)	1.25	(0.89)	4.24
FLCGX	0.52	0.00	(0.02)	0.12	0.59	(0.51)	1.26	(0.90)	4.29
QNTIX	0.51	0.00	(0.02)	0.12	0.62	(0.51)	1.26	(0.92)	4.27
GIJPX	0.11	0.06	(0.49)	2.72	0.00	(0.18)	0.36	(0.09)	0.71
GTCIX	0.46	0.05	(0.03)	0.24	0.39	(0.49)	0.99	(0.96)	2.57
ACWDX	0.86	(0.02)	0.03	0.11	0.89	(0.95)	1.96	(1.39)	5.78
MNWAX	0.22	0.00	(0.37)	0.10	0.28	(0.27)	0.53	(0.38)	1.80

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