Marsico Focus Correlations

MIFOX Fund

USD 31.67 0.30 0.96%

The current 90-days correlation between Marsico Focus and Prudential Health Sciences is 0.53 (i.e., Very weak diversification). The correlation of Marsico Focus 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 Focus Correlation With Market

Poor diversification

The correlation between Marsico Focus and DJI is 0.66 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Marsico Focus 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 Focus. 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 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	MGRIX	Marsico Growth	Pair Corr
0.86	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
0.89	KMKCX	Kinetics Market Oppo	Pair Corr
0.9	KSCYX	Kinetics Small Cap	Pair Corr
0.89	WWNPX	Kinetics Paradigm Steady Growth	Pair Corr
0.65	LETRX	Voya Russia Fund	Pair Corr
0.89	KNPCX	Kinetics Paradigm Steady Growth	Pair Corr
0.89	KNPAX	Kinetics Paradigm Steady Growth	Pair Corr
0.9	KSOCX	Kinetics Small Cap	Pair Corr
0.88	KINCX	Kinetics Internet	Pair Corr
0.9	KSCOX	Kinetics Small Cap	Pair Corr
0.9	LSHUX	Horizon Spin Off Steady Growth	Pair Corr
0.98	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
0.94	AMGIX	Income Growth	Pair Corr
0.64	LIGYX	Loomis Sayles Intern	Pair Corr
0.8	DIS	Walt Disney Sell-off Trend	Pair Corr
0.93	CSCO	Cisco Systems Sell-off Trend	Pair Corr
0.87	CVX	Chevron Corp Sell-off Trend	Pair Corr

Moving against Marsico Mutual Fund

0.83	JNJ	Johnson Johnson Sell-off Trend	Pair Corr
0.78	KO	Coca Cola Aggressive Push	Pair Corr

Related Correlations Analysis

	PHLAX	AHSCX	SCHLX	HIAHX	HHCZX	DLHIX	SBHIX	ETAHX
PHLAX		0.7	0.96	0.94	-0.65	0.95	0.88	0.72	PHLAX
AHSCX	0.7		0.56	0.51	-0.13	0.57	0.69	0.72	AHSCX
SCHLX	0.96	0.56		0.99	-0.74	0.97	0.81	0.59	SCHLX
HIAHX	0.94	0.51	0.99		-0.76	0.97	0.77	0.57	HIAHX
HHCZX	-0.65	-0.13	-0.74	-0.76		-0.65	-0.57	-0.01	HHCZX
DLHIX	0.95	0.57	0.97	0.97	-0.65		0.8	0.69	DLHIX
SBHIX	0.88	0.69	0.81	0.77	-0.57	0.8		0.56	SBHIX
ETAHX	0.72	0.72	0.59	0.57	-0.01	0.69	0.56		ETAHX
	PHLAX	AHSCX	SCHLX	HIAHX	HHCZX	DLHIX	SBHIX	ETAHX

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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

HIAHX	+ 0.99	SCHLX
DLHIX	+ 0.97	SCHLX
DLHIX	+ 0.97	HIAHX
SCHLX	+ 0.96	PHLAX
DLHIX	+ 0.95	PHLAX
HIAHX	+ 0.94	PHLAX

High negative correlations

HHCZX	- 0.76	HIAHX
HHCZX	- 0.74	SCHLX
DLHIX	- 0.65	HHCZX
HHCZX	- 0.65	PHLAX
SBHIX	- 0.57	HHCZX
HHCZX	- 0.13	AHSCX

Risk-Adjusted Indicators

There is a big difference between Marsico Mutual Fund performing well and Marsico Focus 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 Focus' 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
PHLAX	0.66	(0.15)	0.00	(0.12)	0.00	0.00	1.04	(1.38)	5.07
AHSCX	0.57	(0.06)	(0.16)	0.00	0.75	(0.56)	0.82	(1.25)	4.55
SCHLX	0.55	(0.15)	0.00	(0.16)	0.00	0.00	0.89	(1.30)	3.08
HIAHX	0.64	(0.20)	0.00	(0.19)	0.00	0.00	0.91	(1.34)	3.83
HHCZX	0.16	0.00	(0.46)	0.15	0.00	(0.19)	0.37	(0.31)	1.14
DLHIX	0.64	(0.20)	0.00	(0.16)	0.00	0.00	0.99	(1.45)	4.38
SBHIX	0.62	(0.15)	0.00	(0.14)	0.00	0.00	1.00	(1.27)	4.23
ETAHX	1.02	(0.15)	0.00	(0.01)	0.00	0.00	2.27	(2.32)	7.54

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