Mexico Closed Correlations

MXF Fund

USD 17.11 0.14 0.81%

The current 90-days correlation between Mexico Closed and Blackrock Muniyield Pennsylvania is 0.07 (i.e., Significant diversification). The correlation of Mexico Closed 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.

Mexico Closed Correlation With Market

Average diversification

The correlation between Mexico Closed and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mexico Closed 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 Mexico Closed. Also, note that the market value of any fund could be closely tied with the direction of predictive economic indicators such as signals in interest.

Moving together with Mexico Fund

0.76	NEA	Nuveen Amt Free	Pair Corr
0.93	DNP	Dnp Select Income	Pair Corr
0.71	NAD	Nuveen Dividend Advantage	Pair Corr
0.71	NVG	Nuveen Amt Free	Pair Corr
0.94	CSQ	Calamos Strategic Total	Pair Corr
0.95	UTF	Cohen And Steers	Pair Corr
0.77	NZF	Nuveen Municipal Credit	Pair Corr
0.83	NAC	Nuveen California	Pair Corr
0.87	PTY	Pimco Corporate Income	Pair Corr
0.93	VFIAX	Vanguard 500 Index	Pair Corr
0.93	GSPQX	Goldman Sachs Equity	Pair Corr
0.93	MIFIX	Miller Intermediate Bond	Pair Corr
0.94	FIFRX	Franklin Growth	Pair Corr
0.91	PUDCX	Prudential Real Assets	Pair Corr
0.83	GOPCX	Aberdeen China Oppty	Pair Corr
0.92	MITTX	Massachusetts Investors	Pair Corr
0.89	USDIX	Ubs Ultra Short	Pair Corr
0.96	MSQLX	International Equity	Pair Corr
0.91	VWINX	Vanguard Wellesley Income	Pair Corr
0.93	VFINX	Vanguard 500 Index	Pair Corr
0.95	RVPHX	Royce Smaller Companies	Pair Corr
0.94	FSDIX	Fidelity Strategic	Pair Corr
0.94	MHYIX	Mainstay High Yield	Pair Corr
0.95	HRNRX	Hood River New Steady Growth	Pair Corr
0.95	OAAIX	Oppenheimer Aggrssv	Pair Corr
0.64	TRREX	T Rowe Price	Pair Corr
0.67	VFFIX	Victory Incore	Pair Corr
0.95	VLSMX	Valic Company I	Pair Corr
0.91	DOPIX	Dreyfus Opportunistic	Pair Corr
0.93	CGQYX	Columbia Disciplined	Pair Corr
0.93	SHXYX	American Beacon Shapiro	Pair Corr
0.94	LSIRX	Clearbridge Mid Cap	Pair Corr
0.94	MCYIX	Mainstay Candriam	Pair Corr
0.93	VWWOX	Vwwox	Pair Corr
0.96	CFWCX	Calvert Global Water	Pair Corr
0.89	QTSSX	Quantified Tactical	Pair Corr
0.94	TEDTX	Tiaa Cref Emerging	Pair Corr
0.94	RBITX	American Funds 2050	Pair Corr
0.94	PPNMX	Smallcap Growth	Pair Corr
0.75	PCIMX	California Intermediate	Pair Corr

Related Correlations Analysis

	MPA	PYN	FGB	SWZ	NXG	CEE	TWN	JOF	HIX	HIO
MPA		0.78	-0.73	-0.27	0.16	0.38	-0.03	0.12	0.02	0.16	MPA
PYN	0.78		-0.64	-0.07	0.06	0.25	-0.11	-0.09	-0.12	0.09	PYN
FGB	-0.73	-0.64		0.2	0.08	-0.34	0.28	0.08	0.24	0.17	FGB
SWZ	-0.27	-0.07	0.2		-0.2	-0.35	-0.18	-0.3	-0.25	-0.22	SWZ
NXG	0.16	0.06	0.08	-0.2		0.72	0.94	0.93	0.93	0.85	NXG
CEE	0.38	0.25	-0.34	-0.35	0.72		0.58	0.68	0.62	0.63	CEE
TWN	-0.03	-0.11	0.28	-0.18	0.94	0.58		0.91	0.97	0.88	TWN
JOF	0.12	-0.09	0.08	-0.3	0.93	0.68	0.91		0.94	0.78	JOF
HIX	0.02	-0.12	0.24	-0.25	0.93	0.62	0.97	0.94		0.9	HIX
HIO	0.16	0.09	0.17	-0.22	0.85	0.63	0.88	0.78	0.9		HIO
	MPA	PYN	FGB	SWZ	NXG	CEE	TWN	JOF	HIX	HIO

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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

HIX	+ 0.97	TWN
TWN	+ 0.94	NXG
HIX	+ 0.94	JOF
JOF	+ 0.93	NXG
HIX	+ 0.93	NXG
JOF	+ 0.91	TWN

High negative correlations

FGB	- 0.73	MPA
FGB	- 0.64	PYN
CEE	- 0.35	SWZ
CEE	- 0.34	FGB
JOF	- 0.3	SWZ
SWZ	- 0.27	MPA

Risk-Adjusted Indicators

There is a big difference between Mexico Fund performing well and Mexico Closed 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 Mexico Closed'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
MPA	0.42	(0.02)	(0.27)	0.03	0.42	(0.53)	0.93	(0.75)	2.44
PYN	0.50	(0.04)	0.00	(0.14)	0.00	0.00	0.77	(0.77)	4.24
FGB	1.13	(0.07)	0.00	(0.37)	0.00	0.00	2.75	(2.80)	7.91
SWZ	1.15	(0.61)	0.00	(0.87)	0.00	0.00	1.12	(1.42)	31.77
NXG	1.02	0.18	0.11	0.37	1.10	(1.16)	3.08	(1.90)	6.89
CEE	1.16	0.20	0.08	0.54	1.39	(1.20)	2.98	(1.96)	9.61
TWN	1.06	0.53	0.38	1.02	0.54	(1.29)	2.99	(1.61)	7.73
JOF	0.76	0.20	0.14	0.57	0.53	(0.95)	1.97	(1.04)	5.84
HIX	0.49	0.12	0.04	0.52	0.20	(0.70)	1.19	(0.69)	2.69
HIO	0.40	0.07	(0.06)	0.47	0.30	(0.53)	0.79	(0.78)	2.35

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