Mercer Opportunistic Correlations

MOFIX Fund

USD 8.65 0.01 0.12%

The current 90-days correlation between Mercer Opportunistic and Mercer Non Core is 0.09 (i.e., Significant diversification). The correlation of Mercer Opportunistic 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.

Mercer Opportunistic Correlation With Market

Very weak diversification

The correlation between Mercer Opportunistic Fixed and DJI is 0.52 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mercer Opportunistic Fixed 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 Mercer Opportunistic Fixed. 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 gross domestic product.

Moving together with Mercer Mutual Fund

0.72	MNCSX	Mercer Non Core	Pair Corr
0.73	MNCEX	Mercer Non Core	Pair Corr
0.99	MOFTX	Mercer Opportunistic	Pair Corr
0.67	MSDYX	Mercer Funds	Pair Corr
0.71	MSCGX	Mercer Smallmid Cap	Pair Corr
0.71	MSCQX	Mercer Funds	Pair Corr
0.81	MCFIX	Mercer Core Fixed	Pair Corr
0.74	MCFQX	Mercer Core Fixed	Pair Corr
0.74	MEMSX	Mercer Emerging Markets	Pair Corr
0.74	MEMQX	Mercer Emerging Markets	Pair Corr
0.74	PONAX	Pimco Income	Pair Corr
0.74	PONCX	Pimco Income	Pair Corr
0.7	PIPNX	Pimco Income	Pair Corr
0.74	PONRX	Pimco Income	Pair Corr
0.7	PONPX	Pimco Incme Fund	Pair Corr
0.74	PIINX	Pimco Income	Pair Corr
0.7	PIMIX	Pimco Income	Pair Corr
0.86	LBNDX	Lord Abbett Bond	Pair Corr
0.76	FSTAX	Fidelity Advisor Str	Pair Corr
0.79	FSRIX	Fidelity Advisor Str	Pair Corr
0.63	FGPMX	Franklin Gold And	Pair Corr
0.77	TBIRX	Tiaa Cref Bond	Pair Corr
0.79	DRIIX	Dimensional 2045 Target	Pair Corr
0.82	PFTSX	Pfg Tactical Income	Pair Corr
0.78	NADMX	Nationwide Investor	Pair Corr
0.69	FTAEX	Fidelity Total Inter	Pair Corr
0.76	PFTEX	Riskproreg; Tactical	Pair Corr
0.78	VCFVX	Foreign Value	Pair Corr
0.67	MCSRX	Mfs Modity Strategy	Pair Corr
0.82	PFJDX	Riskproreg; Dynamic	Pair Corr
0.94	TMARX	Touchstone Arbitrage	Pair Corr
0.78	JNTLX	Jpmorgan Smartretirement*	Pair Corr

Related Correlations Analysis

	MNCSX	MNCEX	MOFTX	MOFIX	MSDYX	MSCGX	MSCQX	MCFIX	MCFQX	MEMSX
MNCSX		1.0	0.73	0.72	0.72	0.5	0.49	0.68	0.55	0.81	MNCSX
MNCEX	1.0		0.73	0.73	0.72	0.5	0.49	0.69	0.56	0.82	MNCEX
MOFTX	0.73	0.73		0.99	0.67	0.71	0.7	0.82	0.75	0.74	MOFTX
MOFIX	0.72	0.73	0.99		0.67	0.71	0.71	0.81	0.74	0.74	MOFIX
MSDYX	0.72	0.72	0.67	0.67		0.41	0.4	0.91	0.86	0.86	MSDYX
MSCGX	0.5	0.5	0.71	0.71	0.41		1.0	0.51	0.38	0.35	MSCGX
MSCQX	0.49	0.49	0.7	0.71	0.4	1.0		0.5	0.37	0.34	MSCQX
MCFIX	0.68	0.69	0.82	0.81	0.91	0.51	0.5		0.95	0.81	MCFIX
MCFQX	0.55	0.56	0.75	0.74	0.86	0.38	0.37	0.95		0.75	MCFQX
MEMSX	0.81	0.82	0.74	0.74	0.86	0.35	0.34	0.81	0.75		MEMSX
	MNCSX	MNCEX	MOFTX	MOFIX	MSDYX	MSCGX	MSCQX	MCFIX	MCFQX	MEMSX

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Risk-Adjusted Indicators

There is a big difference between Mercer Mutual Fund performing well and Mercer Opportunistic 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 Mercer Opportunistic'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
MNCSX	0.48	0.07	(0.06)	(0.34)	0.59	(0.52)	0.99	(0.82)	3.73
MNCEX	0.48	0.07	(0.05)	(0.35)	0.58	(0.53)	0.98	(0.82)	3.79
MOFTX	0.11	(0.01)	(0.64)	(0.01)	0.04	(0.17)	0.23	(0.23)	0.58
MOFIX	0.11	(0.01)	(0.64)	(0.01)	0.04	(0.16)	0.23	(0.23)	0.58
MSDYX	0.07	0.00	(0.73)	1.61	0.00	(0.17)	0.20	(0.10)	0.59
MSCGX	0.71	(0.07)	(0.05)	0.04	0.79	(0.81)	1.70	(1.09)	5.44
MSCQX	0.71	(0.07)	(0.05)	0.04	0.79	(0.84)	1.71	(1.11)	5.54
MCFIX	0.18	0.00	(0.37)	0.21	0.15	(0.22)	0.43	(0.33)	0.97
MCFQX	0.18	0.01	(0.36)	0.33	0.13	(0.21)	0.43	(0.32)	1.08
MEMSX	0.54	0.07	0.03	0.22	0.53	(0.66)	1.25	(0.85)	3.85

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Mercer Opportunistic Correlations

Mercer Opportunistic Correlation With Market

Very weak diversification

Moving together with Mercer Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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