Mercer Us Correlations

MSCGX Fund

USD 11.32 0.04 0.35%

The current 90-days correlation between Mercer Smallmid Cap and Mercer Non Core is 0.57 (i.e., Very weak diversification). The correlation of Mercer Us 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.

Mercer Us Correlation With Market

Good diversification

The correlation between Mercer Smallmid Cap and DJI is -0.16 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mercer Smallmid Cap 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 Mercer Smallmid Cap. 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 price.

Moving together with Mercer Mutual Fund

0.93	MNCSX	Mercer Non Core	Pair Corr
0.93	MNCEX	Mercer Non Core	Pair Corr
0.94	MOFTX	Mercer Opportunistic	Pair Corr
0.95	MOFIX	Mercer Opportunistic	Pair Corr
0.83	MSDYX	Mercer Funds	Pair Corr
0.97	MSCQX	Mercer Funds	Pair Corr
0.67	MCFIX	Mercer Core Fixed	Pair Corr
0.66	MCFQX	Mercer Core Fixed	Pair Corr
0.96	MEMSX	Mercer Emerging Markets	Pair Corr
0.97	MEMQX	Mercer Emerging Markets	Pair Corr
0.97	VSMAX	Vanguard Small Cap	Pair Corr
0.97	VSCIX	Vanguard Small Cap	Pair Corr
0.97	VSCPX	Vanguard Small Cap	Pair Corr
0.97	NAESX	Vanguard Small Cap	Pair Corr
0.97	FSSNX	Fidelity Small Cap	Pair Corr
0.97	DFSTX	Us Small Cap	Pair Corr
0.96	PASVX	T Rowe Price	Pair Corr
1.0	PRVIX	T Rowe Price	Pair Corr
0.96	TRZVX	T Rowe Price	Pair Corr
0.96	PRSVX	T Rowe Price	Pair Corr
0.99	VTSAX	Vanguard Total Stock	Pair Corr
0.97	VFIAX	Vanguard 500 Index	Pair Corr
0.99	VTSMX	Vanguard Total Stock	Pair Corr
0.99	VSMPX	Vanguard Total Stock	Pair Corr
0.99	VSTSX	Vanguard Total Stock	Pair Corr
0.97	VITSX	Vanguard Total Stock	Pair Corr
0.97	VFINX	Vanguard 500 Index	Pair Corr
0.99	VFFSX	Vanguard 500 Index	Pair Corr
0.96	VGTSX	Vanguard Total Inter	Pair Corr
0.96	VTIAX	Vanguard Total Inter	Pair Corr
0.96	SRWAX	Saat Market Growth	Pair Corr
0.97	FSLBX	Brokerage And Investment	Pair Corr
0.94	BICPX	Blackrock Conservative	Pair Corr
0.94	FRAMX	Fidelity Income Repl	Pair Corr
0.97	AACPX	American Century One	Pair Corr
0.88	RYEAX	Energy Fund Class	Pair Corr
0.95	PRXIX	T Rowe Price	Pair Corr
0.95	AAIEX	American Beacon Inte	Pair Corr

Related Correlations Analysis

	MNCSX	MNCEX	MOFTX	MOFIX	MSDYX	MSCGX	MSCQX	MEMSX	MEMQX	MGLVX
MNCSX		1.0	0.93	0.94	0.85	0.93	0.92	0.95	0.96	0.0	MNCSX
MNCEX	1.0		0.93	0.94	0.85	0.93	0.92	0.95	0.96	0.0	MNCEX
MOFTX	0.93	0.93		0.99	0.93	0.94	0.94	0.97	0.96	0.0	MOFTX
MOFIX	0.94	0.94	0.99		0.94	0.95	0.94	0.96	0.97	0.0	MOFIX
MSDYX	0.85	0.85	0.93	0.94		0.83	0.84	0.88	0.87	0.0	MSDYX
MSCGX	0.93	0.93	0.94	0.95	0.83		0.97	0.96	0.97	0.0	MSCGX
MSCQX	0.92	0.92	0.94	0.94	0.84	0.97		0.97	0.96	0.0	MSCQX
MEMSX	0.95	0.95	0.97	0.96	0.88	0.96	0.97		0.99	0.0	MEMSX
MEMQX	0.96	0.96	0.96	0.97	0.87	0.97	0.96	0.99		0.0	MEMQX
MGLVX	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		MGLVX
	MNCSX	MNCEX	MOFTX	MOFIX	MSDYX	MSCGX	MSCQX	MEMSX	MEMQX	MGLVX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

MNCEX	+ 1.0	MNCSX
MOFIX	+ 0.99	MOFTX
MEMQX	+ 0.99	MEMSX
MEMSX	+ 0.97	MOFTX
MEMQX	+ 0.97	MOFIX
MSCQX	+ 0.97	MSCGX

High negative correlations

MGLVX	- 0.0	MEMQX
MGLVX	- 0.0	MEMSX
MGLVX	- 0.0	MSCQX
MGLVX	- 0.0	MSCGX
MGLVX	- 0.0	MSDYX
MGLVX	- 0.0	MOFIX

Risk-Adjusted Indicators

There is a big difference between Mercer Mutual Fund performing well and Mercer Us 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 Mercer Us' 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
MNCSX	0.50	0.22	0.11	(1.61)	0.00	(0.62)	1.29	(0.90)	3.56
MNCEX	0.50	0.21	0.11	(1.84)	0.00	(0.59)	1.24	(0.90)	3.63
MOFTX	0.13	0.05	(0.37)	0.61	0.00	(0.20)	0.36	(0.24)	0.85
MOFIX	0.14	0.06	(0.45)	(1.69)	0.00	(0.21)	0.36	(0.12)	0.85
MSDYX	0.09	0.01	(0.76)	5.96	0.00	(0.16)	0.20	(0.20)	0.70
MSCGX	0.78	0.23	0.07	(1.14)	0.76	(0.92)	2.08	(1.56)	6.08
MSCQX	0.79	0.06	0.06	0.19	0.75	(0.92)	2.08	(1.56)	6.00
MEMSX	0.53	0.16	0.13	0.50	0.19	(0.68)	1.59	(1.06)	3.72
MEMQX	0.52	0.23	0.14	(7.96)	0.03	(0.66)	1.72	(1.06)	3.74
MGLVX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC