Mesirow Financial Correlations

MFHIX Fund

USD 8.57 0.05 0.58%

The current 90-days correlation between Mesirow Financial High and John Hancock Investment is 0.46 (i.e., Very weak diversification). The correlation of Mesirow Financial 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.

Mesirow Financial Correlation With Market

Very weak diversification

The correlation between Mesirow Financial High and DJI is 0.4 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mesirow Financial High 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 Mesirow Financial High. 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 Mesirow Mutual Fund

0.85	MSVIX	Mesirow Financial Small	Pair Corr
0.84	MSVVX	Mesirow Financial Small	Pair Corr
1.0	MFHVX	Mesirow Financial High	Pair Corr
0.8	BHYCX	Blackrock Hi Yld	Pair Corr
0.83	BHYIX	Blackrock High Yield	Pair Corr
0.83	BHYSX	Blackrock Hi Yld	Pair Corr
0.83	BHYAX	Blackrock High Yield	Pair Corr
0.88	FAHHX	American Funds American	Pair Corr
0.89	FTAHX	American Funds American	Pair Corr
0.86	AHTFX	American High Income	Pair Corr
0.85	AHTCX	American High Income	Pair Corr
0.74	SMPSX	Semiconductor Ultrasector	Pair Corr
0.74	SMPIX	Semiconductor Ultrasector	Pair Corr
0.91	LSHUX	Horizon Spin Off Steady Growth	Pair Corr
0.91	LSHEX	Kinetics Spin Off Steady Growth	Pair Corr
0.89	RSNYX	Victory Global Natural	Pair Corr
0.91	LSHCX	Horizon Spin Off Steady Growth	Pair Corr
0.89	RSNRX	Victory Global Natural	Pair Corr
0.91	LSHAX	Horizon Spin Off Steady Growth	Pair Corr
0.88	RGNCX	Victory Global Natural	Pair Corr
0.9	WWNPX	Kinetics Paradigm Steady Growth	Pair Corr
0.96	ARIDX	Amg River Road	Pair Corr
0.9	TLCYX	Touchstone Large Cap	Pair Corr
0.88	FSEIX	Nuveen Mid Cap	Pair Corr
0.93	SAGAX	Ridgeworth Innovative	Pair Corr
0.95	AMEIX	Equity Growth	Pair Corr
0.92	VWELX	Vanguard Wellington	Pair Corr
0.94	VFIAX	Vanguard 500 Index	Pair Corr
0.95	AMGOX	Alger Mid Cap	Pair Corr
0.92	MLMAX	Global E Portfolio	Pair Corr
0.7	PGAIX	Pimco Global Multi	Pair Corr
0.77	GAB	Gabelli Equity Trust	Pair Corr
0.94	VFINX	Vanguard 500 Index	Pair Corr
0.84	GAPIX	Goldman Sachs Equity	Pair Corr

Moving against Mesirow Mutual Fund

0.65

MFBIX

Mesirow Enhanced Core

Pair Corr

Related Correlations Analysis

	JLCNX	LMTIX	DCLVX	LGPIX	AMFFX	DOXGX	FIOOX	SBQAX
JLCNX		0.98	0.96	0.96	0.88	0.96	0.96	0.96	JLCNX
LMTIX	0.98		0.97	0.98	0.88	0.98	0.97	0.97	LMTIX
DCLVX	0.96	0.97		0.94	0.93	0.97	0.99	0.95	DCLVX
LGPIX	0.96	0.98	0.94		0.89	0.93	0.92	0.92	LGPIX
AMFFX	0.88	0.88	0.93	0.89		0.87	0.91	0.81	AMFFX
DOXGX	0.96	0.98	0.97	0.93	0.87		0.97	0.96	DOXGX
FIOOX	0.96	0.97	0.99	0.92	0.91	0.97		0.96	FIOOX
SBQAX	0.96	0.97	0.95	0.92	0.81	0.96	0.96		SBQAX
	JLCNX	LMTIX	DCLVX	LGPIX	AMFFX	DOXGX	FIOOX	SBQAX

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Risk-Adjusted Indicators

There is a big difference between Mesirow Mutual Fund performing well and Mesirow Financial 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 Mesirow Financial'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
JLCNX	0.59	(0.01)	(0.03)	0.10	0.73	(0.58)	0.99	(1.43)	4.03
LMTIX	0.61	0.03	0.02	0.14	0.73	(0.70)	1.33	(1.49)	4.07
DCLVX	0.48	0.01	(0.04)	0.12	0.32	(0.57)	1.05	(0.79)	3.24
LGPIX	0.72	(0.01)	(0.02)	0.10	1.00	(0.66)	1.55	(2.04)	5.24
AMFFX	0.46	(0.02)	(0.12)	0.08	0.43	(0.52)	0.90	(0.86)	2.68
DOXGX	0.52	(0.01)	(0.05)	0.10	0.44	(0.59)	0.94	(0.93)	4.22
FIOOX	0.53	0.01	(0.02)	0.13	0.35	(0.63)	1.06	(0.84)	3.54
SBQAX	0.64	0.03	0.03	0.14	0.64	(0.78)	1.41	(1.11)	4.87

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