Praxis Value Correlations

MVIAX Fund

USD 19.96 0.15 0.76%

The current 90-days correlation between Praxis Value Index and Us Government Securities is 0.07 (i.e., Significant diversification). The correlation of Praxis Value 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 Value Correlation With Market

Significant diversification

The correlation between Praxis Value Index and DJI is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Praxis Value Index 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 Value Index. 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 nation.

Moving together with Praxis Mutual Fund

0.64	MMSCX	Praxis Small Cap	Pair Corr
0.69	MPLAX	Praxis International	Pair Corr
0.67	MPLIX	Praxis International	Pair Corr
0.79	MBAPX	Praxis Genesis Balanced	Pair Corr
0.69	MCONX	Praxis Genesis Servative	Pair Corr
0.85	MVIIX	Praxis Value Index	Pair Corr
0.81	MGAFX	Praxis Genesis Growth	Pair Corr
0.85	VVIAX	Vanguard Value Index	Pair Corr
0.92	AWSHX	Washington Mutual	Pair Corr
0.91	WSHCX	Washington Mutual	Pair Corr
0.79	WSHFX	Washington Mutual	Pair Corr
0.79	FWWMX	American Funds Washington	Pair Corr
0.79	FWMMX	American Funds Washington	Pair Corr
0.76	AMRMX	American Mutual	Pair Corr
0.78	AMFFX	American Mutual	Pair Corr
0.77	AMFCX	American Mutual	Pair Corr
0.63	PMPIX	Precious Metals Ultr	Pair Corr
0.63	PMPSX	Precious Metals Ultr	Pair Corr
0.7	FGPMX	Franklin Gold And	Pair Corr
0.71	FRGOX	Franklin Gold Precious	Pair Corr
0.66	MIDSX	Midas Fund Midas	Pair Corr
0.65	FIJDX	Gold Portfolio Fidelity	Pair Corr
0.78	FBJYGX	Fbjygx	Pair Corr
0.61	PQTNX	Pimco Trends Managed	Pair Corr
0.69	HASIX	Horizon Active Asset	Pair Corr
0.86	BTBFX	Boston Trust Asset	Pair Corr
0.66	BCAPX	Blackrock Aggressive	Pair Corr

Related Correlations Analysis

	GVTFX	USGFX	RFBAX	SNGYX	FHNFX	RGVEX	RYAQX
GVTFX		1.0	0.71	0.94	0.98	0.99	-0.27	GVTFX
USGFX	1.0		0.72	0.94	0.98	0.99	-0.27	USGFX
RFBAX	0.71	0.72		0.74	0.67	0.68	0.14	RFBAX
SNGYX	0.94	0.94	0.74		0.92	0.93	-0.11	SNGYX
FHNFX	0.98	0.98	0.67	0.92		0.99	-0.36	FHNFX
RGVEX	0.99	0.99	0.68	0.93	0.99		-0.33	RGVEX
RYAQX	-0.27	-0.27	0.14	-0.11	-0.36	-0.33		RYAQX
	GVTFX	USGFX	RFBAX	SNGYX	FHNFX	RGVEX	RYAQX

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

USGFX	+ 1.0	GVTFX
RGVEX	+ 0.99	GVTFX
RGVEX	+ 0.99	USGFX
RGVEX	+ 0.99	FHNFX
FHNFX	+ 0.98	GVTFX
FHNFX	+ 0.98	USGFX

High negative correlations

RYAQX	- 0.36	FHNFX
RYAQX	- 0.33	RGVEX
RYAQX	- 0.27	USGFX
RYAQX	- 0.27	GVTFX
RYAQX	- 0.11	SNGYX

Risk-Adjusted Indicators

There is a big difference between Praxis Mutual Fund performing well and Praxis Value 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 Value'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
GVTFX	0.14	(0.01)	(0.35)	(0.31)	0.15	(0.18)	0.33	(0.25)	0.91
USGFX	0.15	(0.01)	(0.36)	(0.30)	0.16	(0.18)	0.33	(0.25)	0.91
RFBAX	0.07	0.00	(0.34)	0.06	0.00	(0.21)	0.19	(0.19)	0.58
SNGYX	0.13	0.00	(0.43)	0.66	0.10	(0.18)	0.29	(0.19)	0.77
FHNFX	0.16	(0.01)	(0.33)	3.13	0.17	(0.21)	0.33	(0.32)	0.98
RGVEX	0.15	(0.01)	(0.39)	(0.37)	0.16	(0.17)	0.33	(0.25)	0.91
RYAQX	0.40	0.03	(0.09)	(0.13)	0.45	(0.44)	1.00	(0.75)	2.52

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