Madison High Correlations

MIIBX Fund

USD 10.67 0.02 0.19%

The current 90-days correlation between Madison High Quality and Scout E Bond is 0.9 (i.e., Almost no diversification). The correlation of Madison High 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.

Check out Correlation Analysis to better understand how to build diversified portfolios. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as various price indices.

Moving together with Madison Mutual Fund

0.93	VBIRX	Vanguard Short Term	Pair Corr
0.91	VFSUX	Vanguard Short Term	Pair Corr
0.9	VFSIX	Vanguard Short Term	Pair Corr
0.9	VFSTX	Vanguard Short Term	Pair Corr
0.89	VBITX	Vanguard Short Term	Pair Corr
0.91	VBISX	Vanguard Short Term	Pair Corr
0.78	LALDX	Lord Abbett Short	Pair Corr
0.97	VSCSX	Vanguard Short Term	Pair Corr
0.78	LDLAX	Lord Abbett Short	Pair Corr
0.79	LDLRX	Lord Abbett Short	Pair Corr
0.68	HLDIX	Hartford Emerging	Pair Corr
0.68	HLDRX	Hartford Emerging	Pair Corr
0.69	HLDAX	Hartford Emerging	Pair Corr
0.65	HLDCX	Hartford Emerging	Pair Corr
0.68	HLDTX	Hartford Emerging	Pair Corr
0.79	GPICX	Guidepath Conservative	Pair Corr
0.74	WMT	Walmart	Pair Corr
0.68	AA	Alcoa Corp	Pair Corr
0.64	JNJ	Johnson Johnson	Pair Corr
0.61	INTC	Intel Aggressive Push	Pair Corr

Moving against Madison Mutual Fund

0.68	VZ	Verizon Communications	Pair Corr
0.57	HD	Home Depot	Pair Corr
0.56	T	ATT Inc	Pair Corr
0.53	CVX	Chevron Corp Sell-off Trend	Pair Corr
0.53	BA	Boeing	Pair Corr
0.43	PG	Procter Gamble	Pair Corr
0.32	HPQ	HP Inc Earnings Call Tomorrow	Pair Corr

Related Correlations Analysis

	SCCIX	OWFIX	UIITX	0P000070L2	TIMTX	JAFLX	XAFBX
SCCIX		0.96	0.98	0.7	0.91	1.0	0.93	SCCIX
OWFIX	0.96		0.95	0.67	0.84	0.97	0.82	OWFIX
UIITX	0.98	0.95		0.74	0.91	0.98	0.91	UIITX
0P000070L2	0.7	0.67	0.74		0.86	0.7	0.73	0P000070L2
TIMTX	0.91	0.84	0.91	0.86		0.91	0.97	TIMTX
JAFLX	1.0	0.97	0.98	0.7	0.91		0.92	JAFLX
XAFBX	0.93	0.82	0.91	0.73	0.97	0.92		XAFBX
	SCCIX	OWFIX	UIITX	0P000070L2	TIMTX	JAFLX	XAFBX

Risk-Adjusted Indicators

There is a big difference between Madison Mutual Fund performing well and Madison High 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 Madison High'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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
SCCIX	0.19	0.03	0.04	5.77	(0.24)	0.46	(0.28)	1.01
OWFIX	0.13	0.01	(0.03)	(6.04)	(0.18)	0.29	(0.20)	0.68
UIITX	0.17	0.03	0.03	4.21	(0.21)	0.33	(0.32)	0.97
0P000070L2	0.03	0.01	0.00	(0.67)	0.00	0.00	0.00	0.40
TIMTX	0.10	0.05	0.23	(8.60)	(0.17)	0.29	(0.09)	0.67
JAFLX	0.15	0.02	0.02	1.96	(0.20)	0.30	(0.20)	0.99
XAFBX	0.24	0.00	0.32	0.00	(0.36)	0.84	(0.33)	2.18

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Madison High Correlations

Moving together with Madison Mutual Fund

Moving against Madison Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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