| MAPOX Fund | | | USD 111.45 0.12 0.11% |
The current 90-days correlation between Mairs Power Balanced and Fpa Crescent Fund is -0.11 (i.e., Good 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
Good diversification
The correlation between Mairs Power Balanced and DJI is -0.11 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mairs Power Balanced 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 Balanced. 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 persons.