Madison Moderate Correlations

MMDCX Fund

USD 10.96 0.00 0.00%

The current 90-days correlation between Madison Moderate All and Madison Mid Cap is -0.13 (i.e., Good diversification). The correlation of Madison Moderate 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.

Madison Moderate Correlation With Market

Good diversification

The correlation between Madison Moderate Allocation and DJI is -0.14 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Madison Moderate Allocation and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios. 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 MADISON Mutual Fund

1.0	MAACX	Madison Aggressive	Pair Corr
0.99	MCOCX	Madison Conservative	Pair Corr
0.91	MFSIX	Mfs Series Trust	Pair Corr
0.92	MFSYX	Madison Funds	Pair Corr
0.96	MINAX	Madison International	Pair Corr
0.96	MINYX	Madison International	Pair Corr

Moving against MADISON Mutual Fund

0.73	BVAOX	Broadview Opportunity	Pair Corr
0.73	MSCIX	Madison Small Cap	Pair Corr
0.73	MSCRX	Madison Small Cap	Pair Corr
0.73	MASMX	Madison Small Cap	Pair Corr
0.6	MNVAX	Madison Investors	Pair Corr
0.6	MNVRX	Madison Investors	Pair Corr
0.53	MMCRX	Madison Mid Cap	Pair Corr
0.53	MDCIX	Madison Mid Cap	Pair Corr
0.5	MAGSX	Madison Aggressive	Pair Corr
0.48	MADAX	Madison Dividend Income	Pair Corr
0.48	MADRX	Madison Funds	Pair Corr
0.48	BHBFX	Madison Dividend Income	Pair Corr
0.48	MDMIX	Madison Dividend Income	Pair Corr
0.46	MMDAX	Madison Moderate All	Pair Corr
0.43	MENAX	Madison Ered Call	Pair Corr
0.43	MENCX	Madison Ered Call	Pair Corr
0.43	MENIX	Madison Funds	Pair Corr
0.43	MENRX	Madison Ered Call	Pair Corr
0.35	MBLAX	Madison Diversified	Pair Corr
0.34	MCNAX	Madison Conservative	Pair Corr
0.63	VSTSX	Vanguard Total Stock	Pair Corr
0.63	VSMPX	Vanguard Total Stock	Pair Corr
0.63	VITSX	Vanguard Total Stock	Pair Corr
0.61	VFFSX	Vanguard 500 Index	Pair Corr
0.61	VFIAX	Vanguard 500 Index	Pair Corr
0.6	MINVX	Madison Investors	Pair Corr
0.6	MIVIX	Madison Investors	Pair Corr
0.57	BALCX	American Balanced	Pair Corr
0.57	RLBCX	American Balanced	Pair Corr
0.57	RLBBX	American Balanced	Pair Corr
0.56	FBONX	American Funds American	Pair Corr
0.56	FBAFX	American Funds American	Pair Corr
0.56	ABALX	American Balanced	Pair Corr

Related Correlations Analysis

	MMCRX	MMDAX	MNVAX	MNVRX	BVAOX	MADAX	MADRX	MAGSX	BHBFX	MSCRX
MMCRX		0.95	0.94	0.94	0.88	0.83	0.84	0.96	0.83	0.88	MMCRX
MMDAX	0.95		0.96	0.96	0.91	0.92	0.93	1.0	0.92	0.91	MMDAX
MNVAX	0.94	0.96		1.0	0.97	0.95	0.95	0.97	0.95	0.97	MNVAX
MNVRX	0.94	0.96	1.0		0.97	0.95	0.95	0.97	0.95	0.97	MNVRX
BVAOX	0.88	0.91	0.97	0.97		0.91	0.91	0.92	0.91	1.0	BVAOX
MADAX	0.83	0.92	0.95	0.95	0.91		1.0	0.92	1.0	0.91	MADAX
MADRX	0.84	0.93	0.95	0.95	0.91	1.0		0.92	1.0	0.91	MADRX
MAGSX	0.96	1.0	0.97	0.97	0.92	0.92	0.92		0.92	0.92	MAGSX
BHBFX	0.83	0.92	0.95	0.95	0.91	1.0	1.0	0.92		0.91	BHBFX
MSCRX	0.88	0.91	0.97	0.97	1.0	0.91	0.91	0.92	0.91		MSCRX
	MMCRX	MMDAX	MNVAX	MNVRX	BVAOX	MADAX	MADRX	MAGSX	BHBFX	MSCRX

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Risk-Adjusted Indicators

There is a big difference between MADISON Mutual Fund performing well and Madison Moderate 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 Madison Moderate'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
MMCRX	1.20	0.08	0.05	0.03	1.63	(1.28)	2.48	(2.14)	10.81
MMDAX	0.65	0.04	0.06	0.02	0.99	(0.65)	1.14	(1.25)	6.72
MNVAX	1.13	0.04	0.00	(0.01)	0.00	0.00	1.85	(2.10)	11.87
MNVRX	1.13	0.05	0.00	(0.01)	0.00	0.00	1.91	(2.12)	11.85
BVAOX	1.38	(0.05)	0.00	(0.10)	0.00	0.00	2.44	(2.94)	13.67
MADAX	0.97	0.04	0.04	0.00	1.46	(1.01)	1.65	(1.91)	8.67
MADRX	0.97	0.04	0.04	0.00	1.46	(1.01)	1.65	(1.91)	8.66
MAGSX	0.88	0.05	0.04	0.01	1.39	(0.84)	1.61	(1.65)	9.31
BHBFX	0.97	0.04	0.04	0.00	1.46	(1.00)	1.69	(1.87)	8.66
MSCRX	1.36	(0.05)	0.00	(0.10)	0.00	0.00	2.43	(3.01)	13.59

Madison Moderate Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Madison Moderate mutual fund to make a market-neutral strategy. Peer analysis of Madison Moderate could also be used in its relative valuation, which is a method of valuing Madison Moderate by comparing valuation metrics with similar companies.

Madison Mid Cap Madison Moderate Allocation Madison Investors Fund Madison Investors Fund Broadview Opportunity Fund Madison Dividend Income Madison Funds Madison Aggressive Allocation Madison Dividend Income Madison Small Cap American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup

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