Praxis International Correlations

MPLIX Fund

USD 13.69 0.13 0.94%

The current 90-days correlation between Praxis International and Artisan High Income is 0.11 (i.e., Average diversification). The correlation of Praxis 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.

Praxis International Correlation With Market

Modest diversification

The correlation between Praxis International Index and DJI is 0.27 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Praxis International Index 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 Praxis International Index. 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 Praxis Mutual Fund

1.0	MPLAX	Praxis International	Pair Corr
0.99	VGTSX	Vanguard Total Inter	Pair Corr
0.99	VTIAX	Vanguard Total Inter	Pair Corr
0.99	VTSNX	Vanguard Total Inter	Pair Corr
0.99	VTPSX	Vanguard Total Inter	Pair Corr
0.99	VTISX	Vanguard Total Inter	Pair Corr
0.89	VTMGX	Vanguard Developed	Pair Corr
0.93	VDVIX	Vanguard Developed	Pair Corr
0.89	VTMNX	Vanguard Developed	Pair Corr
0.93	VDIPX	Vanguard Developed	Pair Corr
0.88	FSPSX	Fidelity International	Pair Corr

Moving against Praxis Mutual Fund

0.36	MMSCX	Praxis Small Cap	Pair Corr
0.36	MMSIX	Praxis Small Cap	Pair Corr
0.34	MVIIX	Praxis Value Index	Pair Corr
0.33	MVIAX	Praxis Value Index	Pair Corr
0.45	WAMIX	Wstcm Credit Select	Pair Corr
0.43	VAADX	Virtus Convertible	Pair Corr
0.41	WCPSX	Mobile Telecommunicatio	Pair Corr
0.36	FIVUX	First Investors Oppo	Pair Corr
0.33	FZROX	Fidelity Zero Total	Pair Corr

Related Correlations Analysis

	APDFX	SGYAX	AGDAX	CBSYX	BCHIX	FHAIX	FFCGX
APDFX		0.97	0.96	0.31	0.28	0.62	0.82	APDFX
SGYAX	0.97		0.94	0.23	0.2	0.52	0.76	SGYAX
AGDAX	0.96	0.94		0.45	0.47	0.66	0.76	AGDAX
CBSYX	0.31	0.23	0.45		0.71	0.51	0.53	CBSYX
BCHIX	0.28	0.2	0.47	0.71		0.37	0.13	BCHIX
FHAIX	0.62	0.52	0.66	0.51	0.37		0.64	FHAIX
FFCGX	0.82	0.76	0.76	0.53	0.13	0.64		FFCGX
	APDFX	SGYAX	AGDAX	CBSYX	BCHIX	FHAIX	FFCGX

Click cells to compare fundamentals

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Risk-Adjusted Indicators

There is a big difference between Praxis Mutual Fund performing well and Praxis 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 Praxis 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
APDFX	0.11	0.04	(0.53)	(4.25)	0.00	(0.18)	0.33	(0.11)	0.66
SGYAX	0.13	0.03	(0.47)	(16.43)	0.00	(0.24)	0.29	(0.14)	0.99
AGDAX	0.12	0.03	(0.39)	4.71	0.00	(0.25)	0.29	(0.29)	0.86
CBSYX	0.29	0.00	(0.21)	0.10	0.30	(0.33)	0.56	(0.67)	1.85
BCHIX	0.16	0.01	(0.27)	(0.02)	0.24	(0.21)	0.40	(0.40)	1.53
FHAIX	0.10	0.00	0.00	0.29	0.00	0.00	0.57	(0.57)	1.14
FFCGX	0.50	0.02	(0.04)	0.14	0.43	(0.58)	1.26	(1.03)	3.41

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