Mairs Power Correlations

Mutual Funds USA . 
Fund . Mairs Power Growth
MPGFX Fund  USD 183.60  0.20  0.11%   
The current 90-days correlation between Mairs Power Growth and Meridian Trarian Fund is 0.87 (i.e., Very poor diversification). The correlation of Mairs Power 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.

Mairs Power Correlation With Market

Very poor diversification

The correlation between Mairs Power Growth and DJI is 0.89 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mairs Power Growth 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 Mairs Power Growth. 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 census.

Moving together with Mairs Mutual Fund

  0.95MAPOX Mairs Power BalancedPairCorr
  0.92MSCFX Mairs Power SmallPairCorr
  0.99VTSAX Vanguard Total StockPairCorr
  0.95VFIAX Vanguard 500 IndexPairCorr
  0.99VTSMX Vanguard Total StockPairCorr
  0.96VITSX Vanguard Total StockPairCorr
  0.99VSMPX Vanguard Total StockPairCorr
  0.99VSTSX Vanguard Total StockPairCorr
  0.95VFINX Vanguard 500 IndexPairCorr
  0.99VFFSX Vanguard 500 IndexPairCorr
  0.99VINIX Vanguard InstitutionalPairCorr
  0.99VIIIX Vanguard InstitutionalPairCorr
  0.97USA Liberty All StarPairCorr
  0.95CII Blackrock EnhancedPairCorr
  0.72VGENX Vanguard EnergyPairCorr
  0.76FSELX Fidelity Select SemiPairCorr
  0.96CAFFX Amcap Fund ClassPairCorr
  0.9JILGX Multimanager LifestylePairCorr
  0.8ARTFX Artisan High IncomePairCorr
  0.87WSTAX Ivy Science AndPairCorr
  0.97FTZFX Fuller Thaler BehavioralPairCorr
  0.9FTUIX TelecommunicationsPairCorr
  0.91SPE Special OpportunitiesPairCorr
  0.79DMO Western Asset MortgagePairCorr
  0.96FMAGX Fidelity MagellanPairCorr
  0.99PRCOX T Rowe PricePairCorr
  0.97FGCKX Fidelity Growth PanyPairCorr
  0.95LGSCX Qs Small CapitalizationPairCorr
  0.97AMGOX Alger Mid CapPairCorr
  0.93ICMVX Intrepid CapitalPairCorr
  0.84AMFFX American MutualPairCorr
  0.97LCEYX Invesco DiversifiedPairCorr
  0.99USPRX Sp 500 IndexPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Mairs Mutual Fund performing well and Mairs Power 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 Mairs Power'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.

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