Madison Investors Correlations

MNVRX Fund  USD 30.19  0.29  0.97%   
The current 90-days correlation between Madison Investors and Gmo Emerging Markets is -0.19 (i.e., Good diversification). The correlation of Madison Investors 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 Investors Correlation With Market

Almost no diversification

The correlation between Madison Investors Fund and DJI is 0.98 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Madison Investors 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 Madison Investors 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 metropolitan statistical area.

Moving together with Madison Mutual Fund

  0.87MMCRX Madison Mid CapPairCorr
  0.87MMDAX Madison Moderate AllPairCorr
  0.87MNVAX Madison InvestorsPairCorr
  0.98BVAOX Broadview OpportunityPairCorr
  0.96MADAX Madison Dividend IncomePairCorr
  0.96MADRX Madison FundsPairCorr
  0.88MAGSX Madison AggressivePairCorr
  0.96BHBFX Madison Dividend IncomePairCorr
  0.98MSCIX Madison Small CapPairCorr
  0.98MSCRX Madison Small CapPairCorr
  0.86MASMX Madison Small CapPairCorr
  0.82MBLAX Madison DiversifiedPairCorr
  0.84MCNAX Madison ConservativePairCorr
  0.95MDCIX Madison Mid CapPairCorr
  0.82MDMIX Madison Dividend IncomePairCorr
  0.84MENAX Madison Ered CallPairCorr
  0.94MENIX Madison FundsPairCorr
  0.94MENRX Madison Ered CallPairCorr
  0.94MENYX Madison Ered CallPairCorr
  0.87MERAX Madison Mid CapPairCorr
  1.0MINVX Madison InvestorsPairCorr
  1.0MIVIX Madison InvestorsPairCorr
  0.87GTSGX Madison Mid CapPairCorr
  0.88VTSAX Vanguard Total StockPairCorr
  0.95VFIAX Vanguard 500 IndexPairCorr
  0.88VTSMX Vanguard Total StockPairCorr
  0.95VITSX Vanguard Total StockPairCorr
  0.88VSMPX Vanguard Total StockPairCorr
  0.88VSTSX Vanguard Total StockPairCorr
  0.94VFINX Vanguard 500 IndexPairCorr
  0.87VFFSX Vanguard 500 IndexPairCorr
  0.95VINIX Vanguard InstitutionalPairCorr

Moving against Madison Mutual Fund

  0.59PQTAX Pimco Trends ManagedPairCorr
  0.55PQTNX Pimco Trends ManagedPairCorr
  0.55PQTIX Aa Pimco TrPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Madison Mutual Fund performing well and Madison Investors 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 Investors' 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.