Madison Ered Correlations

MENAX Fund

USD 9.44 0.02 0.21%

The current 90-days correlation between Madison Ered Call and Qs Growth Fund is 0.32 (i.e., Weak diversification). The correlation of Madison Ered 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.

Madison Ered Correlation With Market

Very weak diversification

The correlation between Madison Ered Call and DJI is 0.5 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Madison Ered Call 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 Madison Ered Call. 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 Madison Mutual Fund

0.72	MMDAX	Madison Moderate All	Pair Corr
0.7	MMDCX	Madison Moderate All	Pair Corr
0.71	MAACX	Madison Aggressive	Pair Corr
0.75	MAGSX	Madison Aggressive	Pair Corr
0.62	MBLAX	Madison Diversified	Pair Corr
0.62	MBLCX	Madison Diversified	Pair Corr
1.0	MENCX	Madison Ered Call	Pair Corr
0.82	MENIX	Madison Funds	Pair Corr
1.0	MENRX	Madison Ered Call	Pair Corr
1.0	MENYX	Madison Ered Call	Pair Corr

Related Correlations Analysis

	LANIX	CSMVX	FBMPX	BOSVX	SCYVX	TRSAX	APDTX
LANIX		0.94	0.91	0.93	0.94	0.96	0.93	LANIX
CSMVX	0.94		0.82	0.98	0.95	0.89	0.83	CSMVX
FBMPX	0.91	0.82		0.8	0.86	0.91	0.92	FBMPX
BOSVX	0.93	0.98	0.8		0.94	0.88	0.81	BOSVX
SCYVX	0.94	0.95	0.86	0.94		0.92	0.88	SCYVX
TRSAX	0.96	0.89	0.91	0.88	0.92		0.91	TRSAX
APDTX	0.93	0.83	0.92	0.81	0.88	0.91		APDTX
	LANIX	CSMVX	FBMPX	BOSVX	SCYVX	TRSAX	APDTX

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Risk-Adjusted Indicators

There is a big difference between Madison Mutual Fund performing well and Madison Ered 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 Madison Ered'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
LANIX	0.45	0.04	0.00	0.18	0.25	(0.53)	0.91	(0.82)	3.06
CSMVX	0.85	0.06	0.09	0.16	0.72	(0.89)	1.96	(1.33)	6.44
FBMPX	0.71	0.27	0.16	(5.49)	0.53	(0.76)	1.59	(1.61)	4.09
BOSVX	0.92	(0.01)	0.06	0.11	0.69	(1.08)	2.11	(1.45)	8.98
SCYVX	0.84	0.17	0.09	1.16	0.61	(1.00)	1.95	(1.44)	7.36
TRSAX	0.65	0.12	0.08	0.30	0.63	(0.66)	1.82	(1.39)	5.08
APDTX	0.75	0.20	0.10	1.38	0.72	(0.81)	1.73	(1.12)	5.07

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Madison Ered Correlations

Madison Ered Correlation With Market

Very weak diversification

Moving together with Madison Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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