Mairs Power Correlations

Mutual Funds . USA . 
Fund . Mairs Power Growth
MPGFX Fund  USD 175.82  0.19  0.11%   
The current 90-days correlation between Mairs Power Growth and Clipper Fund Inc is 0.91 (i.e., Almost no diversification). The correlation of Mairs Power 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.

Mairs Power Correlation With Market

Almost no diversification

The correlation between Mairs Power Growth and DJI is 0.94 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mairs Power Growth 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 Mairs Power Growth. 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 census.

Moving together with Mairs Mutual Fund

  0.99MAPOX Mairs Power BalancedPairCorr
  0.95MSCFX Mairs Power SmallPairCorr
  0.99VTSAX Vanguard Total StockPairCorr
  0.99VFIAX Vanguard 500 IndexPairCorr
  0.99VTSMX Vanguard Total StockPairCorr
  0.99VITSX Vanguard Total StockPairCorr
  0.99VSMPX Vanguard Total StockPairCorr
  0.99VSTSX Vanguard Total StockPairCorr
  0.99VFINX Vanguard 500 IndexPairCorr
  0.99VFFSX Vanguard 500 IndexPairCorr
  0.99VINIX Vanguard InstitutionalPairCorr
  0.99VIIIX Vanguard InstitutionalPairCorr
  0.95ERH Allspring Utilities AndPairCorr
  0.97WHIYX Ivy High IncomePairCorr
  0.98IVHIX Ivy High IncomePairCorr
  0.97IHIFX Ivy High IncomePairCorr
  0.97WRHIX Ivy High IncomePairCorr
  0.97WHIAX Ivy High IncomePairCorr
  0.82CSJZX Cohen Steers RealtyPairCorr
  0.82CSRSX Cohen Steers RealtyPairCorr
  0.98PAGHX Aggressive GrowthPairCorr
  0.95GAGIX Gabelli GlobalPairCorr
  0.97ODICX Oppenheimer DiscoveryPairCorr
  0.98RHSIX Rational StrategicPairCorr
  0.98DFARX Dimensional 2070 TargetPairCorr
  0.99ANDVX Allianzgi Nfj DividendPairCorr
  0.93HFMRX Hartford MidcapPairCorr
  0.97FSNOX Fidelity Freedom 2020PairCorr
  0.97ACAZX Alger Capital ApprecPairCorr
  0.88PCIEX Pace International EquityPairCorr
  0.96WCMNX Wcm Small CapPairCorr
  0.98LIPPX Blackrock Lifepath IndexPairCorr
  0.98GDSRX Goldman Sachs SmallPairCorr
  0.98FUNYX Pioneer FundamentalPairCorr
  0.91RBCRX Rbc Bluebay Absolute Steady GrowthPairCorr
  0.98PFSVX Imgp Sbh FocusedPairCorr
  0.85SREZX Prudential Select RealPairCorr
  0.83TGROX Tiaa Cref GreenPairCorr
  0.82CSHAX Mainstay Cushing MlpPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Mairs Mutual Fund performing well and Mairs Power 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 Mairs Power'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.

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