Quantex Fund Correlations

Mutual Funds . USA . 
Fund . Quantex Fund Institutional
QNTIX Fund  USD 36.29  0.30  0.83%   
The current 90-days correlation between Quantex Fund Institu and Quantex Fund Adviser 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 Institutional and DJI is -0.06 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Quantex Fund Institutional 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 Institutional. 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 Quantex Mutual Fund

  0.99SRUAX Spectrum Fund AdviserPairCorr
  0.99SRUIX Spectrum Fund InstitPairCorr
  1.0QNTAX Quantex Fund AdviserPairCorr
  0.86IFAAX Infrastructure FundPairCorr
  0.86IFAIX Infrastructure FundPairCorr
  0.98BLNIX Balanced Fund InstitPairCorr
  0.98BLNAX Balanced Fund AdviserPairCorr
  0.92FLCGX Quantex Fund RetailPairCorr
  0.95FLDOX Dividend OpportunitiesPairCorr
  1.0FLDGX Dynamic GrowthPairCorr
  0.91FLDFX Balanced Fund RetailPairCorr
  1.0FLFGX Global OpportunitiesPairCorr
  0.98FLMIX Muirfield Fund InstiPairCorr
  0.9FLMFX Muirfield Fund RetailPairCorr
  0.98FLMAX Muirfield Fund AdviserPairCorr
  0.85FLRUX Infrastructure FundPairCorr
  0.99FLSPX Spectrum Fund RetailPairCorr
  0.95DVOIX Dividend OpportunitiesPairCorr
  0.95DVOAX Dividend OpportunitiesPairCorr
  1.0GBPAX Global OpportunitiesPairCorr
  1.0GBPIX Global OpportunitiesPairCorr
  1.0DYGIX Dynamic GrowthPairCorr
  1.0DYGAX Dynamic GrowthPairCorr
  0.99CGRGX American Funds GrowthPairCorr
  0.99FPGGX American Funds GrowthPairCorr
  0.99FGPGX American Funds GrowthPairCorr
  0.85MUTHX Franklin Mutual SharesPairCorr
  0.85TESRX Franklin Mutual SharesPairCorr
  0.85FMSHX Franklin Mutual SharesPairCorr
  0.85GWPFX American Funds GrowthPairCorr
  0.99GWPAX American Funds GrowthPairCorr
  0.99CGQGX American Funds GrowthPairCorr
  1.0AAMCX Absolute Capital AssetPairCorr

Moving against Quantex Mutual Fund

  0.84USPIX Profunds UltrashortPairCorr
  0.83UIPIX Ultrashort Mid CapPairCorr

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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