Praxis Value Correlations

Mutual Funds . USA . 
Fund . Praxis Value Index
MVIIX Fund  USD 18.33  0.11  0.60%   
The current 90-days correlation between Praxis Value Index and Equalize Community Development is -0.08 (i.e., Good diversification). The correlation of Praxis Value 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.

Praxis Value Correlation With Market

Almost no diversification

The correlation between Praxis Value Index 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 Praxis Value Index 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 Praxis Value Index. 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 gross domestic product.

Moving together with Praxis Mutual Fund

  0.97VVIAX Vanguard Value IndexPairCorr
  0.96DOXGX Dodge Cox StockPairCorr
  0.91AFMFX American MutualPairCorr
  0.97FFMMX American Funds AmericanPairCorr
  0.97FFFMX American Funds AmericanPairCorr
  0.97AMRMX American MutualPairCorr
  0.86AMFFX American MutualPairCorr
  0.86AMFCX American MutualPairCorr
  0.99DODGX Dodge Stock FundPairCorr
  0.99VIVAX Vanguard Value IndexPairCorr
  0.95CPAYX Columbia Pacific/asiaPairCorr
  0.92CASAX Columbia Pacific/asiaPairCorr
  0.91CASCX Columbia Pacific/asiaPairCorr
  0.77CISGX Touchstone Sands CapitalPairCorr
  0.9MGHRX Morgan Stanley InstiPairCorr
  0.9MGRPX Growth Portfolio ClassPairCorr
  0.94MNNAX Victory Munder MultiPairCorr
  0.74T ATT IncPairCorr
  0.75TRV The Travelers CompaniesPairCorr
  0.91DD Dupont De NemoursPairCorr
  0.88AA Alcoa CorpPairCorr
  0.82DIS Walt DisneyPairCorr
  0.7INTC Intel Aggressive PushPairCorr
  0.79GE GE AerospacePairCorr
  0.75BA Boeing Aggressive PushPairCorr
  0.69MSFT MicrosoftPairCorr
  0.9MMM 3M CompanyPairCorr
  0.88BAC Bank of AmericaPairCorr
  0.82AXP American ExpressPairCorr
  0.84PFE Pfizer IncPairCorr
  0.66HD Home DepotPairCorr

Related Correlations Analysis

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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   
BBINX
+ 0.83
OWMBX
FCSCX
+ 0.73
EQCDX
RYAQX
+ 0.6
EQCDX
FCSCX
+ 0.55
OWMBX
FCSCX
+ 0.54
BBINX
OWMBX
+ 0.3
EQCDX
  
High negative correlations   
BBINX
- 0.01
RYAQX

Risk-Adjusted Indicators

There is a big difference between Praxis Mutual Fund performing well and Praxis Value 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 Praxis Value'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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