Monongahela All Correlations

Mutual Funds . USA . 
Fund . Monongahela All Cap
MCMVX Fund  USD 20.64  0.04  0.19%   
The current 90-days correlation between Monongahela All Cap and Government Street Mid Cap is 0.88 (i.e., Very poor diversification). The correlation of Monongahela All 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.

Monongahela All Correlation With Market

Very poor diversification

The correlation between Monongahela All Cap and DJI is 0.85 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Monongahela All Cap 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 Monongahela All Cap. 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 real.

Moving together with Monongahela Mutual Fund

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Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Monongahela Mutual Fund performing well and Monongahela All 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 Monongahela All'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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