Madison International Correlations

MINYX Fund

USD 9.45 0.01 0.11%

The current 90-days correlation between Madison International and Columbia Global Technology is 0.05 (i.e., Significant diversification). The correlation of Madison International 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 International Correlation With Market

Modest diversification

The correlation between Madison International Stock and DJI is 0.28 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Madison International Stock 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 International Stock. 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 manufacturing.

Moving together with Madison Mutual Fund

0.62	MCOCX	Madison Servative	Pair Corr
1.0	MINAX	Madison International	Pair Corr

Moving against Madison Mutual Fund

0.37	BVAOX	Broadview Opportunity	Pair Corr
0.37	MSCRX	Madison Small Cap	Pair Corr
0.37	MASMX	Madison Small Cap	Pair Corr
0.36	MADAX	Madison Dividend Income	Pair Corr
0.36	MADRX	Madison Funds	Pair Corr
0.36	BHBFX	Madison Dividend Income	Pair Corr
0.36	MDMIX	Madison Dividend Income	Pair Corr
0.35	MSCIX	Madison Small Cap	Pair Corr

Related Correlations Analysis

	CMTFX	HTECX	VITAX	TEPIX	DTEYX	FIKHX
CMTFX		0.93	0.95	0.92	0.94	0.98	CMTFX
HTECX	0.93		0.91	0.86	0.9	0.92	HTECX
VITAX	0.95	0.91		0.97	0.98	0.96	VITAX
TEPIX	0.92	0.86	0.97		0.94	0.91	TEPIX
DTEYX	0.94	0.9	0.98	0.94		0.93	DTEYX
FIKHX	0.98	0.92	0.96	0.91	0.93		FIKHX
	CMTFX	HTECX	VITAX	TEPIX	DTEYX	FIKHX

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Risk-Adjusted Indicators

There is a big difference between Madison Mutual Fund performing well and Madison International 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 International'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
CMTFX	0.87	0.25	0.12	5.09	0.94	(0.94)	1.96	(1.95)	6.08
HTECX	0.91	0.14	0.03	0.85	1.39	(0.87)	1.78	(2.15)	9.04
VITAX	0.85	0.12	0.09	0.24	1.02	(0.90)	2.04	(1.78)	6.25
TEPIX	1.31	0.13	0.09	0.21	1.60	(1.42)	2.84	(3.15)	9.83
DTEYX	0.85	0.11	0.07	0.25	0.95	(0.93)	1.88	(1.76)	5.99
FIKHX	0.90	0.29	0.14	2.81	0.90	(0.96)	2.57	(1.77)	6.73

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