Marsico Growth Correlations

MGRIX Fund

USD 27.93 0.26 0.92%

The current 90-days correlation between Marsico Growth and Europacific Growth Fund is 0.63 (i.e., Poor diversification). The correlation of Marsico Growth 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.

Marsico Growth Correlation With Market

Poor diversification

The correlation between Marsico Growth Fund and DJI is 0.7 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Marsico Growth Fund 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 Marsico Growth Fund. 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 Marsico Mutual Fund

1.0	MFOCX	Marsico Focus	Pair Corr
0.97	MXXIX	Marsico 21st Century	Pair Corr
0.98	MGLBX	Marsico Global	Pair Corr
1.0	MIFOX	Marsico Focus	Pair Corr
0.84	MIOFX	Marsico International	Pair Corr
0.99	FAFGX	American Funds	Pair Corr
0.99	FFAFX	American Funds	Pair Corr
0.99	GFACX	Growth Fund	Pair Corr
0.99	GFAFX	Growth Fund	Pair Corr
0.99	AGTHX	Growth Fund	Pair Corr
0.99	CGFFX	Growth Fund	Pair Corr
0.99	CGFCX	Growth Fund	Pair Corr
0.99	CGFAX	Growth Fund	Pair Corr
0.99	CGFEX	Growth Fund	Pair Corr
0.99	RGAEX	Growth Fund	Pair Corr
0.88	KMKCX	Kinetics Market Oppo Steady Growth	Pair Corr
0.9	KSCYX	Kinetics Small Cap Steady Growth	Pair Corr
0.88	WWNPX	Kinetics Paradigm Steady Growth	Pair Corr
0.67	LETRX	Voya Russia Fund	Pair Corr
0.88	KNPCX	Kinetics Paradigm Steady Growth	Pair Corr
0.88	KNPAX	Kinetics Paradigm Steady Growth	Pair Corr
0.9	KSOCX	Kinetics Small Cap Steady Growth	Pair Corr
0.87	KINCX	Kinetics Internet	Pair Corr
0.9	KSCOX	Kinetics Small Cap Steady Growth	Pair Corr
0.89	LSHUX	Horizon Spin Off Steady Growth	Pair Corr
0.79	MLMAX	Global E Portfolio	Pair Corr
0.92	GAPIX	Goldman Sachs Equity	Pair Corr
0.96	SAGAX	Ridgeworth Innovative	Pair Corr
0.99	AMEIX	Equity Growth	Pair Corr
0.93	AMGIX	Income Growth	Pair Corr
0.66	LIGYX	Loomis Sayles Intern	Pair Corr
0.8	DIS	Walt Disney Aggressive Push	Pair Corr
0.94	CSCO	Cisco Systems Aggressive Push	Pair Corr
0.86	CVX	Chevron Corp Sell-off Trend	Pair Corr

Moving against Marsico Mutual Fund

0.82	JNJ	Johnson Johnson Fiscal Year End 28th of January 2025	Pair Corr
0.77	KO	Coca Cola Sell-off Trend	Pair Corr

Related Correlations Analysis

	RERGX	RWMGX	RWIGX	444859BR2	SCRYY	AQUI	APAAX	LBHIX	MSTSX	ID
RERGX		0.14	0.56	0.2	-0.36	0.0	0.37	0.04	0.52	-0.35	RERGX
RWMGX	0.14		0.88	-0.64	0.54	0.0	0.0	0.69	0.86	0.69	RWMGX
RWIGX	0.56	0.88		-0.49	0.3	0.0	0.14	0.6	0.96	0.41	RWIGX
444859BR2	0.2	-0.64	-0.49		-0.53	0.0	0.06	-0.54	-0.45	-0.53	444859BR2
SCRYY	-0.36	0.54	0.3	-0.53		0.0	0.14	0.48	0.34	0.73	SCRYY
AQUI	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	AQUI
APAAX	0.37	0.0	0.14	0.06	0.14	0.0		0.49	0.25	-0.06	APAAX
LBHIX	0.04	0.69	0.6	-0.54	0.48	0.0	0.49		0.68	0.55	LBHIX
MSTSX	0.52	0.86	0.96	-0.45	0.34	0.0	0.25	0.68		0.42	MSTSX
ID	-0.35	0.69	0.41	-0.53	0.73	0.0	-0.06	0.55	0.42		ID
	RERGX	RWMGX	RWIGX	444859BR2	SCRYY	AQUI	APAAX	LBHIX	MSTSX	ID

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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

MSTSX	+ 0.96	RWIGX
RWIGX	+ 0.88	RWMGX
MSTSX	+ 0.86	RWMGX
ID	+ 0.73	SCRYY
LBHIX	+ 0.69	RWMGX
ID	+ 0.69	RWMGX

High negative correlations

444859BR2	- 0.64	RWMGX
LBHIX	- 0.54	444859BR2
ID	- 0.53	444859BR2
SCRYY	- 0.53	444859BR2
444859BR2	- 0.49	RWIGX
MSTSX	- 0.45	444859BR2

Risk-Adjusted Indicators

There is a big difference between Marsico Mutual Fund performing well and Marsico Growth 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 Marsico Growth'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
RERGX	0.61	(0.11)	0.00	(0.11)	0.00	0.00	1.11	(1.48)	4.02
RWMGX	0.50	(0.03)	(0.09)	0.07	0.59	(0.53)	1.00	(1.14)	3.32
RWIGX	0.53	(0.06)	(0.13)	0.03	0.74	(0.55)	1.18	(1.36)	3.19
444859BR2	1.36	(0.08)	0.00	(0.21)	0.00	0.00	5.93	(5.79)	16.62
SCRYY	2.07	0.29	0.08	1.93	2.02	(2.85)	5.61	(4.09)	12.99
AQUI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
APAAX	0.14	0.02	(0.35)	(0.09)	0.15	(0.18)	0.31	(0.31)	1.13
LBHIX	0.12	0.01	(0.39)	0.51	0.00	(0.28)	0.24	(0.24)	0.96
MSTSX	0.49	(0.03)	(0.12)	0.06	0.52	(0.61)	1.21	(1.02)	2.80
ID	3.91	0.70	0.13	1.00	4.02	(5.25)	7.89	(6.67)	20.54

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