Quantex Fund Correlations

Mutual Funds . USA . 
Fund . Quantex Fund Adviser
QNTAX Fund  USD 37.82  0.09  0.24%   
The current 90-days correlation between Quantex Fund Adviser and Quantex Fund Institutional is 1.0 (i.e., No risk reduction). The correlation of Quantex 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.

Quantex Fund Correlation With Market

Good diversification

The correlation between Quantex Fund Adviser and DJI is -0.08 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Quantex Fund Adviser and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Quantex Fund Adviser. 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 Quantex Mutual Fund

  0.98SRUAX Spectrum Fund AdviserPairCorr
  0.98SRUIX Spectrum Fund InstitPairCorr
  1.0QNTIX Quantex Fund InstituPairCorr
  0.98IFAAX Infrastructure FundPairCorr
  0.98IFAIX Infrastructure FundPairCorr
  0.98BLNIX Balanced Fund InstitPairCorr
  0.98BLNAX Balanced Fund AdviserPairCorr
  0.89FLBDX Total Return BondPairCorr
  1.0FLCGX Quantex Fund RetailPairCorr
  0.99FLDOX Dividend OpportunitiesPairCorr
  1.0FLDGX Dynamic GrowthPairCorr
  1.0FLDFX Balanced Fund RetailPairCorr
  1.0FLMIX Muirfield Fund InstiPairCorr
  1.0FLMFX Muirfield Fund RetailPairCorr
  1.0FLMAX Muirfield Fund AdviserPairCorr
  0.96FLRUX Infrastructure FundPairCorr
  1.0FLSPX Spectrum Fund RetailPairCorr
  0.98DVOIX Dividend OpportunitiesPairCorr
  0.99DVOAX Dividend OpportunitiesPairCorr
  0.89BNDAX Total Return BondPairCorr
  0.89BNDIX Total Return BondPairCorr
  1.0GBPAX Global OpportunitiesPairCorr
  1.0GBPIX Global OpportunitiesPairCorr
  0.98DYGIX Dynamic GrowthPairCorr
  0.98DYGAX Dynamic GrowthPairCorr
  0.99CGRGX American Funds GrowthPairCorr
  0.97MUTHX Franklin Mutual SharesPairCorr
  0.97TESRX Franklin Mutual SharesPairCorr
  0.99GWPCX American Funds GrowthPairCorr
  0.99GWPFX American Funds GrowthPairCorr
  1.0GWPAX American Funds GrowthPairCorr
  0.99CGQGX American Funds GrowthPairCorr

Moving against Quantex Mutual Fund

  0.98USPSX Profunds UltrashortPairCorr
  0.98USPIX Profunds UltrashortPairCorr
  0.95UIPIX Ultrashort Mid CapPairCorr
  0.8TCTGX Transamerica CleartrackPairCorr
  0.79TDKTX Cleartrack 2015 ClassPairCorr
  0.79TCTJX Transamerica CleartrackPairCorr
  0.78TCSUX Cleartrack 2020 ClassPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Quantex Mutual Fund performing well and Quantex 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 Quantex 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.

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