Mairs Power Correlations

MAPOX Fund

USD 113.94 0.39 0.34%

The current 90-days correlation between Mairs Power Balanced and Mairs Power Growth is 0.89 (i.e., Very poor diversification). The correlation of Mairs Power 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.

Mairs Power Correlation With Market

Almost no diversification

The correlation between Mairs Power Balanced and DJI is 0.91 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mairs Power Balanced 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 Mairs Power Balanced. 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 persons.

Moving together with Mairs Mutual Fund

0.96	MPGFX	Mairs Power Growth	Pair Corr
0.96	MSCFX	Mairs Power Small	Pair Corr
0.81	FBONX	American Funds American	Pair Corr
0.81	FBAFX	American Funds American	Pair Corr
0.86	ABALX	American Balanced	Pair Corr
0.85	BALCX	American Balanced	Pair Corr
0.86	BALFX	American Balanced	Pair Corr
0.86	RLBCX	American Balanced	Pair Corr
0.85	RLBBX	American Balanced	Pair Corr
0.81	CLBAX	American Balanced	Pair Corr
0.81	CLBEX	American Balanced	Pair Corr
0.86	RLBFX	American Balanced	Pair Corr
0.75	FTYPX	Fidelity Freedom Index	Pair Corr
0.77	FFBTX	Fidelity Freedom Blend	Pair Corr
0.97	GCAVX	Gmo Small Cap	Pair Corr
0.77	GQLOX	Gmo Quality Fund	Pair Corr
0.82	GHVIX	Gmo High Yield	Pair Corr
0.95	GMCQX	Gmo Equity Allocation	Pair Corr
0.83	FLSZX	Franklin Lifesmart 2055	Pair Corr
0.97	LCEYX	Invesco Diversified	Pair Corr
0.96	VWENX	Vanguard Wellington	Pair Corr
0.83	TWSCX	Strategic Allocation:	Pair Corr
0.87	QCGRPX	College Retirement	Pair Corr
0.92	ICMVX	Intrepid Capital	Pair Corr
0.9	JILGX	Multimanager Lifestyle	Pair Corr
0.67	XCAPX	Acap Strategic Steady Growth	Pair Corr
0.95	VTMFX	Vanguard Tax Managed	Pair Corr
0.88	FAFGX	American Funds	Pair Corr
0.81	RNGHX	New Economy Fund	Pair Corr
0.91	FZROX	Fidelity Zero Total	Pair Corr
0.95	VTSAX	Vanguard Total Stock	Pair Corr
0.94	VTCLX	Vanguard Tax Managed	Pair Corr
0.85	FMAGX	Fidelity Magellan	Pair Corr
0.77	CGGEX	American Funds Global	Pair Corr
0.98	LGSCX	Qs Small Capitalization	Pair Corr

Moving against Mairs Mutual Fund

0.65	GABFX	Gmo Asset Allocation	Pair Corr
0.62	GAAVX	Gmo Alternative Allo	Pair Corr

Related Correlations Analysis

	MPGFX	MSCFX	BERIX	FPACX	BRUFX
MPGFX		0.92	0.34	0.91	-0.33	MPGFX
MSCFX	0.92		0.41	0.82	-0.17	MSCFX
BERIX	0.34	0.41		0.34	0.54	BERIX
FPACX	0.91	0.82	0.34		-0.33	FPACX
BRUFX	-0.33	-0.17	0.54	-0.33		BRUFX
	MPGFX	MSCFX	BERIX	FPACX	BRUFX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

MSCFX	+ 0.92	MPGFX
FPACX	+ 0.91	MPGFX
FPACX	+ 0.82	MSCFX
BRUFX	+ 0.54	BERIX
BERIX	+ 0.41	MSCFX
BERIX	+ 0.34	MPGFX

High negative correlations

BRUFX	- 0.33	FPACX
BRUFX	- 0.33	MPGFX
BRUFX	- 0.17	MSCFX

Risk-Adjusted Indicators

There is a big difference between Mairs Mutual Fund performing well and Mairs Power 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 Mairs Power'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
MPGFX	0.55	(0.02)	(0.03)	0.08	0.67	(0.54)	1.11	(1.31)	4.78
MSCFX	0.91	(0.06)	(0.01)	0.06	1.00	(0.93)	2.10	(1.64)	7.70
BERIX	0.22	0.01	(0.32)	0.17	0.19	(0.24)	0.45	(0.38)	1.13
FPACX	0.39	0.06	(0.08)	(1.00)	0.48	(0.39)	0.69	(0.73)	2.32
BRUFX	0.41	(0.05)	0.00	(0.04)	0.00	0.00	0.89	(0.86)	2.00

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC