Maingate Mlp Correlations

MLCPX Fund

USD 8.53 0.10 1.19%

The current 90-days correlation between Maingate Mlp and Maingate Mlp Fund is 0.99 (i.e., No risk reduction). The correlation of Maingate Mlp 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.

Maingate Mlp Correlation With Market

Very weak diversification

The correlation between Maingate Mlp Fund and DJI is 0.4 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Maingate Mlp Fund 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 Maingate Mlp Fund. 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 american community survey.

Moving together with Maingate Mutual Fund

1.0	AMLPX	Maingate Mlp	Pair Corr
1.0	IMLPX	Maingate Mlp	Pair Corr
0.93	TORCX	Tortoise Mlp Pipeline	Pair Corr
0.94	MLPTX	Oppenheimer Steelpath Mlp	Pair Corr
0.94	OSPSX	Oppenheimer Steelpath Mlp	Pair Corr
0.93	MLPZX	Oppenheimer Steelpath Mlp	Pair Corr
0.94	OSPMX	Oppenheimer Steelpath Mlp	Pair Corr
0.93	MLPDX	Oppenheimer Steelpath Mlp	Pair Corr
0.94	MLPRX	Oppenheimer Steelpath Mlp	Pair Corr
0.96	GMLPX	Goldman Sachs Mlp	Pair Corr
0.96	GLPIX	Goldman Sachs Mlp	Pair Corr
0.96	GLPRX	Goldman Sachs Mlp	Pair Corr
0.67	ASG	Liberty All Star	Pair Corr
0.69	IIF	Morgan Stanley India	Pair Corr
0.68	CII	Blackrock Enhanced	Pair Corr
0.67	ETV	Eaton Vance Tax	Pair Corr
0.69	CLM	Cornerstone Strategic	Pair Corr
0.68	CRF	Cornerstone Strategic	Pair Corr
0.65	USA	Liberty All Star	Pair Corr
0.69	ETY	Eaton Vance Tax	Pair Corr
0.67	NFJ	Virtus Dividend Interest	Pair Corr
0.74	IIFSX	Vy Franklin Income Potential Growth	Pair Corr
0.66	FSRFX	Transportation Portfolio Potential Growth	Pair Corr
0.7	ISWAX	Voya Solution Income	Pair Corr
0.68	FIEZX	Fidelity Total Inter	Pair Corr
0.7	VFINX	Vanguard 500 Index	Pair Corr
0.69	TVRAX	Guggenheim Directional	Pair Corr
0.68	MSAAX	Active International	Pair Corr
0.68	ATCIX	Atac Inflation Rotation	Pair Corr
0.71	FMDRX	Franklin Mutual Global	Pair Corr
0.68	CICEX	Investment Of America	Pair Corr
0.7	MFADX	Marketfield Fund Mar	Pair Corr
0.69	CRLSX	Calamos Longshort	Pair Corr
0.65	XXBGX	Blackstonegso Long	Pair Corr

Related Correlations Analysis

	AMLPX	MLCPX	IMLPX	JASOX	SUTXX	BTEUX	FGUAX	EILVX	INFCX	RIDCX
AMLPX		1.0	1.0	0.72	0.35	0.72	0.56	0.73	0.65	0.72	AMLPX
MLCPX	1.0		1.0	0.71	0.35	0.7	0.54	0.71	0.65	0.7	MLCPX
IMLPX	1.0	1.0		0.73	0.37	0.73	0.58	0.74	0.68	0.73	IMLPX
JASOX	0.72	0.71	0.73		0.76	0.96	0.89	0.98	0.87	0.96	JASOX
SUTXX	0.35	0.35	0.37	0.76		0.75	0.65	0.75	0.67	0.72	SUTXX
BTEUX	0.72	0.7	0.73	0.96	0.75		0.9	0.98	0.89	0.98	BTEUX
FGUAX	0.56	0.54	0.58	0.89	0.65	0.9		0.9	0.84	0.94	FGUAX
EILVX	0.73	0.71	0.74	0.98	0.75	0.98	0.9		0.88	0.98	EILVX
INFCX	0.65	0.65	0.68	0.87	0.67	0.89	0.84	0.88		0.91	INFCX
RIDCX	0.72	0.7	0.73	0.96	0.72	0.98	0.94	0.98	0.91		RIDCX
	AMLPX	MLCPX	IMLPX	JASOX	SUTXX	BTEUX	FGUAX	EILVX	INFCX	RIDCX

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Risk-Adjusted Indicators

There is a big difference between Maingate Mutual Fund performing well and Maingate Mlp 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 Maingate Mlp'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	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
AMLPX	0.79	(0.02)	(0.07)	0.09	1.08	(0.80)	1.58	(1.57)	4.76
MLCPX	0.81	0.00	(0.06)	0.13	1.08	(0.83)	1.52	(1.63)	4.70
IMLPX	0.81	0.00	(0.06)	0.14	1.05	(0.86)	1.58	(1.57)	4.78
JASOX	0.91	0.02	0.03	0.15	0.98	(1.03)	2.19	(1.67)	6.73
SUTXX	0.03	0.00	0.00	0.49	0.00	0.00	0.00	0.00	1.01
BTEUX	1.03	0.34	0.29	0.45	0.61	(1.25)	2.92	(1.77)	6.51
FGUAX	0.06	0.01	(1.11)	0.39	0.00	(0.16)	0.10	(0.10)	0.52
EILVX	0.59	0.04	0.02	0.18	0.54	(0.65)	1.66	(1.21)	4.55
INFCX	0.71	0.11	0.01	0.62	0.72	(0.76)	1.52	(1.37)	5.25
RIDCX	0.32	0.08	(0.01)	0.34	0.00	(0.37)	0.88	(0.56)	2.21

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Maingate Mlp Correlations

Maingate Mlp Correlation With Market

Very weak diversification

Moving together with Maingate Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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