Maingate Mlp Correlations

Mutual Funds . USA . 
Fund . Maingate Mlp Fund
IMLPX Fund  USD 10.14  0.12  1.20%   
The current 90-days correlation between Maingate Mlp and Aqr Large Cap is 0.59 (i.e., Very weak diversification). The correlation of Maingate Mlp 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.

Maingate Mlp Correlation With Market

Very weak diversification

The correlation between Maingate Mlp Fund and DJI is 0.4 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Maingate Mlp Fund and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Maingate Mlp Fund. 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 american community survey.

Moving together with Maingate Mutual Fund

  1.0AMLPX Maingate MlpPairCorr
  1.0MLCPX Maingate MlpPairCorr
  0.93TORCX Tortoise Mlp PipelinePairCorr
  0.67MLPTX Oppenheimer Steelpath MlpPairCorr
  0.69OSPSX Oppenheimer Steelpath MlpPairCorr
  0.66MLPZX Oppenheimer Steelpath MlpPairCorr
  0.67OSPMX Oppenheimer Steelpath MlpPairCorr
  0.69MLPDX Oppenheimer Steelpath MlpPairCorr
  0.66MLPRX Oppenheimer Steelpath MlpPairCorr
  0.68GMLPX Goldman Sachs MlpPairCorr
  0.68GLPIX Goldman Sachs MlpPairCorr
  0.68GLPRX Goldman Sachs MlpPairCorr
  0.61IIF Morgan Stanley IndiaPairCorr
  0.72CLM Cornerstone StrategicPairCorr
  0.71CRF Cornerstone StrategicPairCorr
  0.76IIFSX Vy Franklin Income Potential GrowthPairCorr
  0.73VFINX Vanguard 500 IndexPairCorr
  0.71MSAAX Active InternationalPairCorr
  0.71CICEX Investment Of AmericaPairCorr
  0.73MFADX Marketfield Fund MarPairCorr
  0.72CRLSX Calamos LongshortPairCorr
  0.67XXBGX Blackstonegso LongPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Maingate Mutual Fund performing well and Maingate Mlp 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 Maingate Mlp'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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