Marketfield Fund Correlations

Mutual Funds . USA . 
Fund . Marketfield Fund Marketfield
MFADX Fund  USD 24.47  0.03  0.12%   
The current 90-days correlation between Marketfield Fund Mar and Marketfield Fund Marketfield is 1.0 (i.e., No risk reduction). The correlation of Marketfield 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.

Marketfield Fund Correlation With Market

Almost no diversification

The correlation between Marketfield Fund Marketfield and DJI is 0.91 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Marketfield Fund Marketfield 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 Marketfield Fund Marketfield. 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 unemployment.

Moving together with Marketfield Mutual Fund

  1.0MFLDX Marketfield Fund MarPairCorr
  0.92NLSCX Neuberger Berman LongPairCorr
  0.93NLSAX Neuberger Berman LongPairCorr
  0.93NLSIX Neuberger Berman LongPairCorr
  0.95QLERX Aqr Long ShortPairCorr
  1.0DHLSX Diamond Hill LongPairCorr
  0.99DIAYX Diamond Hill LongPairCorr
  1.0DIAMX Diamond Hill LongPairCorr
  0.98ASLAX Ab Select LongshortPairCorr
  0.73NHS Neuberger Berman HighPairCorr
  0.97HILAX Hartford InternationalPairCorr
  0.92GBOAX Jpmorgan Global BondPairCorr
  0.99VNEYX Vontobel Global EnviPairCorr
  0.99FSPTX Technology PortfolioPairCorr
  1.0IDXNX Voya Index SolutionPairCorr
  0.74MPIBX Bny Mellon IntermediatePairCorr
  0.99ALCEX Avantis Large CapPairCorr
  0.99FSDIX Fidelity StrategicPairCorr
  0.95NILTX Neuberger Berman IntPairCorr
  1.0QCERX Aqr Large CapPairCorr
  0.93AKRSX Akre Focus FundPairCorr
  0.92RULFX Rbc Ultra ShortPairCorr
  0.98VEIPX Vanguard Equity IncomePairCorr
  0.67PCLAX Pimco CommoditiesplusPairCorr
  0.93VGRLX Vanguard Global ExPairCorr
  0.69PREPX Real Estate SecuritiesPairCorr
  0.77GUIRX Goldman Sachs DynamicPairCorr
  0.96NPSFX Nuveen Preferred SecPairCorr
  0.99VWENX Vanguard WellingtonPairCorr
  0.95TFAZX Tfa Tactical IncomePairCorr
  0.98CRLSX Calamos LongshortPairCorr
  1.0JRLVX Retirement Living ThroughPairCorr
  0.86BTFRX Bts Tactical FixedPairCorr
  0.97IEYAX Ivy Energy FundPairCorr
  1.0SDYAX Simt Dynamic AssetPairCorr
  0.97GHVIX Gmo High YieldPairCorr
  1.0PAEEX Putnam Dynamic AssetPairCorr

Moving against Marketfield Mutual Fund

  0.56PWLMX Pimco Rae WorldwidePairCorr
  0.54PWLIX Pimco Rae WorldwidePairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Marketfield Mutual Fund performing well and Marketfield 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 Marketfield 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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
MFADX  0.53  0.08  0.07  0.24  0.43 
(0.63)
 1.56 
(1.07)
 4.12 
MFLDX  0.53  0.08  0.07  0.24  0.43 
(0.64)
 1.57 
(1.05)
 4.17 
MUBFX  0.60  0.01 (0.02) 0.14  0.61 
(0.65)
 1.62 
(0.97)
 4.44 
RRFDX  0.57  0.03  0.00  0.17  0.59 
(0.62)
 1.60 
(1.06)
 4.23 
LBCQX  0.40  0.17  0.18  0.57  0.00 
(0.51)
 1.17 
(0.52)
 2.37 
MGDIX  0.46  0.08  0.05  0.26  0.38 
(0.50)
 1.47 
(0.99)
 3.32 
TCLPX  0.50  0.11  0.10  0.30  0.27 
(0.61)
 1.55 
(1.23)
 3.46 
NML  0.99  0.06  0.00  0.23  1.32 
(1.11)
 2.13 
(1.85)
 7.49 
APLIX  0.52  0.22  0.11 (4.31) 0.33 
(0.59)
 1.57 
(0.93)
 4.17 
OPOCX  0.90  0.34  0.17 (1.94) 0.72 
(1.04)
 2.73 
(1.48)
 5.31 

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