Cushing Mlp Correlations

SRV Fund

USD 45.01 0.41 0.92%

The current 90-days correlation between Cushing Mlp Total and Nuveen California Select is 0.14 (i.e., Average diversification). The correlation of Cushing Mlp 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.

Cushing Mlp Correlation With Market

Very weak diversification

The correlation between Cushing Mlp Total and DJI is 0.44 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cushing Mlp Total and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Cushing Mlp Total. Also, note that the market value of any fund could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

Moving together with Cushing Fund

0.82	ASG	Liberty All Star	Pair Corr
0.87	IIF	Morgan Stanley India	Pair Corr
0.87	IFN	India Closed	Pair Corr
0.61	ETV	Eaton Vance Tax	Pair Corr
0.73	CLM	Cornerstone Strategic	Pair Corr
0.89	CRF	Cornerstone Strategic	Pair Corr
0.83	USA	Liberty All Star	Pair Corr
0.72	ETY	Eaton Vance Tax	Pair Corr
0.93	NFJ	Virtus Dividend Interest	Pair Corr
0.61	FSVQX	Clifford Capital Focused	Pair Corr
0.7	VFINX	Vanguard 500 Index	Pair Corr
0.87	CCD	Calamos Dynamic Conv	Pair Corr
0.89	RGPFX	American Funds Balanced	Pair Corr
0.7	VFIAX	Vanguard 500 Index	Pair Corr
0.67	MMM	3M Company Fiscal Year End 28th of January 2025	Pair Corr
0.73	VZ	Verizon Communications Aggressive Push	Pair Corr
0.88	HD	Home Depot	Pair Corr
0.82	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr
0.92	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.83	DD	Dupont De Nemours Fiscal Year End 4th of February 2025	Pair Corr
0.86	IBM	International Business Fiscal Year End 22nd of January 2025	Pair Corr
0.82	GE	GE Aerospace Fiscal Year End 28th of January 2025	Pair Corr
0.71	KO	Coca Cola Fiscal Year End 11th of February 2025	Pair Corr
0.78	MCD	McDonalds Fiscal Year End 3rd of February 2025	Pair Corr
0.87	CSCO	Cisco Systems Aggressive Push	Pair Corr

Moving against Cushing Fund

0.36	MRK	Merck Company Sell-off Trend	Pair Corr
0.34	INTC	Intel Aggressive Push	Pair Corr
0.32	CVX	Chevron Corp Fiscal Year End 7th of February 2025	Pair Corr

Related Correlations Analysis

	MYD	MUI	MQY	MYI	MUE	MVF	KTF	MHD	NXC	MVT
MYD		0.86	0.96	0.97	0.95	0.95	0.97	0.98	0.92	0.98	MYD
MUI	0.86		0.79	0.83	0.81	0.86	0.86	0.82	0.91	0.88	MUI
MQY	0.96	0.79		0.98	0.96	0.93	0.95	0.97	0.87	0.94	MQY
MYI	0.97	0.83	0.98		0.97	0.94	0.96	0.96	0.92	0.94	MYI
MUE	0.95	0.81	0.96	0.97		0.94	0.96	0.94	0.9	0.91	MUE
MVF	0.95	0.86	0.93	0.94	0.94		0.97	0.93	0.93	0.93	MVF
KTF	0.97	0.86	0.95	0.96	0.96	0.97		0.94	0.93	0.95	KTF
MHD	0.98	0.82	0.97	0.96	0.94	0.93	0.94		0.89	0.96	MHD
NXC	0.92	0.91	0.87	0.92	0.9	0.93	0.93	0.89		0.9	NXC
MVT	0.98	0.88	0.94	0.94	0.91	0.93	0.95	0.96	0.9		MVT
	MYD	MUI	MQY	MYI	MUE	MVF	KTF	MHD	NXC	MVT

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Risk-Adjusted Indicators

There is a big difference between Cushing Fund performing well and Cushing Mlp 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 Cushing Mlp'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
MYD	0.38	0.08	(0.02)	0.67	0.33	(0.45)	0.82	(0.61)	2.63
MUI	0.18	0.04	(0.25)	1.12	0.00	(0.24)	0.40	(0.32)	1.05
MQY	0.31	0.10	0.01	0.84	0.00	(0.37)	0.79	(0.57)	2.13
MYI	0.32	0.11	0.03	0.95	0.00	(0.40)	1.03	(0.45)	2.66
MUE	0.35	0.10	(0.03)	(2.47)	0.19	(0.40)	0.85	(0.67)	2.54
MVF	0.42	0.08	(0.03)	0.93	0.38	(0.50)	0.85	(0.95)	2.29
KTF	0.30	0.09	(0.05)	(3.91)	0.17	(0.40)	0.63	(0.60)	1.66
MHD	0.33	0.07	(0.05)	0.82	0.27	(0.37)	0.72	(0.59)	2.56
NXC	0.46	0.14	0.05	(8.46)	0.38	(0.53)	1.08	(0.68)	3.93
MVT	0.42	0.06	(0.05)	0.60	0.55	(0.47)	1.06	(0.89)	2.84

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