Quantex Fund Correlations

FLCGX Fund

USD 39.43 0.34 0.85%

The current 90-days correlation between Quantex Fund Retail and Quantex Fund Adviser is 1.0 (i.e., No risk reduction). The correlation of Quantex Fund 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.

Quantex Fund Correlation With Market

Very poor diversification

The correlation between Quantex Fund Retail and DJI is 0.81 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Quantex Fund Retail and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Quantex Fund Retail. 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 rate.

Moving together with Quantex Mutual Fund

0.9	SRUAX	Spectrum Fund Adviser	Pair Corr
0.85	SRUIX	Spectrum Fund Instit	Pair Corr
1.0	QNTAX	Quantex Fund Adviser	Pair Corr
1.0	QNTIX	Quantex Fund Institu	Pair Corr
0.86	IFAAX	Infrastructure Fund	Pair Corr
0.94	IFAIX	Infrastructure Fund	Pair Corr
0.91	BLNIX	Balanced Fund Instit	Pair Corr
0.91	BLNAX	Balanced Fund Adviser	Pair Corr
0.91	FLBDX	Total Return Bond	Pair Corr
0.95	FLDOX	Dividend Opportunities	Pair Corr
0.99	FLDGX	Dynamic Growth	Pair Corr
0.94	FLDFX	Balanced Fund Retail	Pair Corr
0.94	FLFGX	Global Opportunities	Pair Corr
0.94	FLMIX	Muirfield Fund Insti	Pair Corr
0.99	FLMFX	Muirfield Fund Retail	Pair Corr
0.93	FLMAX	Muirfield Fund Adviser	Pair Corr
0.96	FLRUX	Infrastructure Fund	Pair Corr
0.98	FLSPX	Spectrum Fund Retail	Pair Corr
0.95	DVOIX	Dividend Opportunities	Pair Corr
0.98	DVOAX	Dividend Opportunities	Pair Corr
0.91	BNDAX	Total Return Bond	Pair Corr
0.73	BNDIX	Total Return Bond	Pair Corr
0.93	GBPAX	Global Opportunities	Pair Corr
0.93	GBPIX	Global Opportunities	Pair Corr
0.87	DYGAX	Dynamic Growth	Pair Corr
0.84	CGRGX	American Funds Growth	Pair Corr
0.92	FPGGX	American Funds Growth	Pair Corr
0.93	FGPGX	American Funds Growth	Pair Corr
0.84	GWPCX	American Funds Growth	Pair Corr
0.97	GWPFX	American Funds Growth	Pair Corr
0.93	GWPAX	American Funds Growth	Pair Corr
0.97	CGQGX	American Funds Growth	Pair Corr
0.86	GPBFX	Gmo E Plus	Pair Corr
0.86	GPMFX	Guidepath Managed Futures	Pair Corr

Related Correlations Analysis

	QNTAX	QNTIX	ACWDX	SXMAX	BFRZ	TSWEX	MECIX	MIDSX	WGGNX	MNWAX
QNTAX		1.0	0.91	0.43	0.89	0.56	-0.3	0.72	0.93	0.24	QNTAX
QNTIX	1.0		0.92	0.43	0.89	0.56	-0.3	0.72	0.93	0.24	QNTIX
ACWDX	0.91	0.92		0.53	0.75	0.57	-0.16	0.69	0.81	0.17	ACWDX
SXMAX	0.43	0.43	0.53		0.25	0.75	0.43	0.32	0.47	0.41	SXMAX
BFRZ	0.89	0.89	0.75	0.25		0.4	-0.44	0.6	0.91	0.2	BFRZ
TSWEX	0.56	0.56	0.57	0.75	0.4		-0.06	0.64	0.5	0.34	TSWEX
MECIX	-0.3	-0.3	-0.16	0.43	-0.44	-0.06		-0.52	-0.11	0.33	MECIX
MIDSX	0.72	0.72	0.69	0.32	0.6	0.64	-0.52		0.54	-0.1	MIDSX
WGGNX	0.93	0.93	0.81	0.47	0.91	0.5	-0.11	0.54		0.37	WGGNX
MNWAX	0.24	0.24	0.17	0.41	0.2	0.34	0.33	-0.1	0.37		MNWAX
	QNTAX	QNTIX	ACWDX	SXMAX	BFRZ	TSWEX	MECIX	MIDSX	WGGNX	MNWAX

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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

QNTIX	+ 1.0	QNTAX
WGGNX	+ 0.93	QNTAX
WGGNX	+ 0.93	QNTIX
ACWDX	+ 0.92	QNTIX
ACWDX	+ 0.91	QNTAX
WGGNX	+ 0.91	BFRZ

High negative correlations

MIDSX	- 0.52	MECIX
MECIX	- 0.44	BFRZ
MECIX	- 0.3	QNTIX
MECIX	- 0.3	QNTAX
MECIX	- 0.16	ACWDX
WGGNX	- 0.11	MECIX

Risk-Adjusted Indicators

There is a big difference between Quantex Mutual Fund performing well and Quantex Fund 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 Quantex Fund'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
QNTAX	0.54	0.02	0.02	0.06	0.76	(0.49)	1.25	(0.95)	4.24
QNTIX	0.54	0.02	0.02	0.06	0.77	(0.48)	1.25	(0.96)	4.27
ACWDX	0.84	0.01	0.01	0.04	1.16	(0.81)	1.94	(1.70)	5.59
SXMAX	0.26	(0.02)	0.00	(0.02)	0.00	0.00	0.56	(0.50)	1.85
BFRZ	0.23	0.01	(0.03)	0.06	0.39	(0.22)	0.42	(0.56)	1.77
TSWEX	0.49	(0.01)	(0.03)	0.02	0.61	(0.53)	1.03	(1.11)	3.59
MECIX	0.52	(0.09)	0.00	(0.11)	0.00	0.00	0.93	(1.09)	3.52
MIDSX	1.71	0.52	0.16	1.01	2.37	(1.89)	3.37	(3.87)	13.39
WGGNX	0.57	(0.01)	(0.02)	0.02	0.80	(0.57)	1.02	(1.23)	3.60
MNWAX	0.24	(0.03)	0.00	1.83	0.00	0.00	0.53	(0.52)	1.80

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