Madison Funds Correlations

MIIRX Fund

USD 10.72 0.01 0.09%

The current 90-days correlation between Madison Funds and Forum Real Estate is 0.07 (i.e., Significant diversification). The correlation of Madison Funds 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.

Madison Funds Correlation With Market

Average diversification

The correlation between Madison Funds and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Madison Funds 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 Madison Funds . 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 Madison Mutual Fund

0.89	MMDAX	Madison Moderate All	Pair Corr
0.64	MAGSX	Madison Aggressive	Pair Corr
0.85	MBOIX	Madison Core Bond	Pair Corr
0.8	MBORX	Madison Funds	Pair Corr
0.8	MBOYX	Madison E Bond	Pair Corr
0.83	MBOAX	Madison E Bond	Pair Corr
0.75	MCNAX	Madison Conservative	Pair Corr
0.99	MIIBX	Madison High Quality	Pair Corr
0.83	GTFHX	Madison Tax Free	Pair Corr
0.8	VBIRX	Vanguard Short Term	Pair Corr
0.82	VFSUX	Vanguard Short Term	Pair Corr
0.82	VFSIX	Vanguard Short Term	Pair Corr
0.92	VFSTX	Vanguard Short Term	Pair Corr
0.78	VBITX	Vanguard Short Term	Pair Corr
0.82	VBISX	Vanguard Short Term	Pair Corr
0.72	LALDX	Lord Abbett Short	Pair Corr
0.83	VSCSX	Vanguard Short Term	Pair Corr
0.81	LDLAX	Lord Abbett Short	Pair Corr

Moving against Madison Mutual Fund

0.39	MADRX	Madison Funds	Pair Corr
0.38	MADAX	Madison Dividend Income	Pair Corr
0.36	BHBFX	Madison Dividend Income	Pair Corr
0.34	MIVIX	Madison Investors	Pair Corr
0.33	MINVX	Madison Investors	Pair Corr

Related Correlations Analysis

	FORFX	TIREX	NMMRF	MRESX	REINX	DFREX
FORFX		0.68	0.64	0.34	0.28	0.3	FORFX
TIREX	0.68		0.62	0.9	0.87	0.71	TIREX
NMMRF	0.64	0.62		0.44	0.35	0.52	NMMRF
MRESX	0.34	0.9	0.44		0.99	0.77	MRESX
REINX	0.28	0.87	0.35	0.99		0.75	REINX
DFREX	0.3	0.71	0.52	0.77	0.75		DFREX
	FORFX	TIREX	NMMRF	MRESX	REINX	DFREX

Risk-Adjusted Indicators

There is a big difference between Madison Mutual Fund performing well and Madison Funds 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 Funds' 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	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
FORFX	0.05	0.03	0.00	(3.43)	0.00	0.00	0.10	0.00	0.31
TIREX	0.61	(0.01)	(0.08)	0.10	0.67	(0.64)	1.39	(1.01)	4.03
NMMRF	0.07	0.02	0.00	8.38	0.00	0.00	0.00	0.00	2.32
MRESX	0.64	(0.03)	(0.10)	0.07	0.77	(0.71)	1.48	(1.15)	4.06
REINX	0.61	(0.04)	(0.10)	0.06	0.73	(0.72)	1.56	(1.21)	3.93
DFREX	0.62	0.06	(0.07)	(2.13)	0.73	(0.69)	1.59	(1.11)	4.13

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