Muirfield Fund Correlations

Mutual Funds USA . 
Fund . Muirfield Fund Institutional
FLMIX Fund  USD 9.77  0.06  0.62%   
The current 90-days correlation between Muirfield Fund Insti and Quantex Fund Retail is 0.98 (i.e., Almost no diversification). The correlation of Muirfield 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.

Muirfield Fund Correlation With Market

Almost no diversification

The correlation between Muirfield Fund Institutional and DJI is 0.9 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Muirfield Fund Institutional 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 Muirfield Fund Institutional. 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 Muirfield Mutual Fund

  1.0SRUIX Spectrum Fund InstitPairCorr
  1.0QNTAX Quantex Fund AdviserPairCorr
  1.0QNTIX Quantex Fund InstituPairCorr
  0.98IFAAX Infrastructure FundPairCorr
  0.91FLBDX Total Return BondPairCorr
  1.0FLCGX Quantex Fund RetailPairCorr
  1.0FLDGX Dynamic GrowthPairCorr
  1.0FLDFX Balanced Fund RetailPairCorr
  0.99FLFGX Global OpportunitiesPairCorr
  1.0FLMFX Muirfield Fund RetailPairCorr
  0.98FLRUX Infrastructure FundPairCorr
  1.0FLSPX Spectrum Fund RetailPairCorr
  1.0DVOIX Dividend OpportunitiesPairCorr
  0.99DVOAX Dividend OpportunitiesPairCorr
  0.9BNDIX Total Return BondPairCorr
  1.0DYGAX Dynamic GrowthPairCorr
  0.97PAALX All Asset FundPairCorr
  0.97PATRX Pimco All AssetPairCorr
  0.97PAAIX All Asset FundPairCorr
  0.97PALPX Pimco All AssetPairCorr
  0.95PASAX All Asset FundPairCorr
  0.97PASCX All Asset FundPairCorr
  0.97PAANX Pimco All AssetPairCorr
  0.94PAUPX Pimco All AssetPairCorr
  0.94PAUIX Pimco All AssetPairCorr
  0.99ASG Liberty All StarPairCorr
  0.92IIF Morgan Stanley IndiaPairCorr
  0.99CII Blackrock EnhancedPairCorr
  0.79IFN India ClosedPairCorr
  0.98ETV Eaton Vance TaxPairCorr
  0.95CLM Cornerstone StrategicPairCorr
  0.94CRF Cornerstone StrategicPairCorr
  0.97USA Liberty All StarPairCorr
  0.99ETY Eaton Vance TaxPairCorr
  0.98NFJ Virtus Dividend InterestPairCorr
  0.97BGHSX Brandywineglobal HighPairCorr
  0.95DPRRX Delaware ReitPairCorr
  0.95FSMBX Tributary Smallmid CapPairCorr
  0.94TEIMX T Rowe PricePairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Muirfield Mutual Fund performing well and Muirfield 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 Muirfield 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.

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