Marsico Focus Correlations

Mutual Funds . USA . 
Fund . Marsico Focus
MIFOX Fund  USD 32.51  0.08  0.25%   
The current 90-days correlation between Marsico Focus and Marsico Growth Fund is 0.98 (i.e., Almost no diversification). The correlation of Marsico Focus 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.

Marsico Focus Correlation With Market

Very poor diversification

The correlation between Marsico Focus and DJI is 0.81 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Marsico Focus 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 Marsico Focus. 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.

Moving together with Marsico Mutual Fund

  1.0MFOCX Marsico FocusPairCorr
  0.98MXXIX Marsico 21st CenturyPairCorr
  1.0MGLBX Marsico GlobalPairCorr
  1.0MGRIX Marsico GrowthPairCorr
  0.98MIDFX Marsico Midcap GrowthPairCorr
  1.0MIGOX Marsico GlobalPairCorr
  1.0MIGWX Marsico GrowthPairCorr
  0.99MIIOX Marsico InternationalPairCorr
  0.99MIOFX Marsico InternationalPairCorr
  1.0FAFGX American FundsPairCorr
  1.0FFAFX American FundsPairCorr
  1.0GFACX Growth FundPairCorr
  1.0GFAFX Growth FundPairCorr
  1.0AGTHX Growth FundPairCorr
  1.0CGFFX Growth FundPairCorr
  1.0CGFCX Growth FundPairCorr
  1.0CGFAX Growth FundPairCorr
  1.0CGFEX Growth FundPairCorr
  1.0RGAEX Growth FundPairCorr
  0.74NHS Neuberger Berman HighPairCorr
  0.96MIOPX International OpportunityPairCorr
  0.99RRTBX Trowe Price RetirementPairCorr
  0.94FEIAX Fidelity Advisor EquityPairCorr
  0.65WACIX Western Asset EPairCorr
  0.98IPOCX Ivy Emerging MarketsPairCorr
  0.99MPAIX Advantage Portfolio ClassPairCorr
  0.97PRJIX T Rowe PricePairCorr
  0.99RERAX Europacific GrowthPairCorr
  0.68CREYX Columbia Real EstatePairCorr
  0.93PBCAX Prudential CaliforniaPairCorr
  0.99GLOSX Pioneer Global EquityPairCorr
  1.0MRRSX Massmutual RetiresmartPairCorr
  0.94PRFSX T Rowe PricePairCorr
  0.99ACFGX American Century InvPairCorr
  0.94AVGRX Dynamic Total ReturnPairCorr
  0.99CHW Calamos Global DynamicPairCorr
  1.0QNTIX Quantex Fund InstituPairCorr
  0.98MKECX Blackrock FundsPairCorr
  0.98FPBFX Fidelity Pacific BasinPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Marsico Mutual Fund performing well and Marsico Focus 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 Marsico Focus' 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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