Quantex Fund Correlations

Mutual Funds . USA . 
Fund . Quantex Fund Adviser
QNTAX Fund  USD 37.74  0.04  0.11%   
The current 90-days correlation between Quantex Fund Adviser and Quantex Fund Institutional is 1.0 (i.e., No risk reduction). The correlation of Quantex Fund 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.

Quantex Fund Correlation With Market

Almost no diversification

The correlation between Quantex Fund Adviser and DJI is 0.95 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Quantex Fund Adviser and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Quantex Fund Adviser. 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 nation.

Moving together with Quantex Mutual Fund

  1.0SRUAX Spectrum Fund AdviserPairCorr
  0.99SRUIX Spectrum Fund InstitPairCorr
  1.0QNTIX Quantex Fund InstituPairCorr
  0.98IFAAX Infrastructure FundPairCorr
  0.98IFAIX Infrastructure FundPairCorr
  1.0BLNIX Balanced Fund InstitPairCorr
  1.0BLNAX Balanced Fund AdviserPairCorr
  0.87FLBDX Total Return BondPairCorr
  1.0FLCGX Quantex Fund RetailPairCorr
  0.99FLDOX Dividend OpportunitiesPairCorr
  1.0FLDGX Dynamic GrowthPairCorr
  1.0FLDFX Balanced Fund RetailPairCorr
  1.0FLFGX Global OpportunitiesPairCorr
  1.0FLMIX Muirfield Fund InstiPairCorr
  1.0FLMFX Muirfield Fund RetailPairCorr
  1.0FLMAX Muirfield Fund AdviserPairCorr
  0.98FLRUX Infrastructure FundPairCorr
  1.0FLSPX Spectrum Fund RetailPairCorr
  0.99DVOIX Dividend OpportunitiesPairCorr
  0.99DVOAX Dividend OpportunitiesPairCorr
  0.87BNDAX Total Return BondPairCorr
  0.86BNDIX Total Return BondPairCorr
  1.0GBPAX Global OpportunitiesPairCorr
  0.97GBPIX Global OpportunitiesPairCorr
  1.0DYGIX Dynamic GrowthPairCorr
  1.0DYGAX Dynamic GrowthPairCorr
  1.0CGRGX American Funds GrowthPairCorr
  1.0FPGGX American Funds GrowthPairCorr
  1.0FGPGX American Funds GrowthPairCorr
  0.99MUTHX Franklin Mutual SharesPairCorr
  0.99TESRX Franklin Mutual SharesPairCorr
  0.99FMSHX Franklin Mutual SharesPairCorr
  1.0GWPCX American Funds GrowthPairCorr
  1.0GWPFX American Funds GrowthPairCorr
  1.0GWPAX American Funds GrowthPairCorr
  1.0CGQGX American Funds GrowthPairCorr

Moving against Quantex Mutual Fund

  0.99USPSX Profunds UltrashortPairCorr
  0.99USPIX Profunds UltrashortPairCorr
  0.98UIPIX Ultrashort Mid CapPairCorr
  0.87TCTGX Transamerica CleartrackPairCorr
  0.87TDKTX Cleartrack 2015 ClassPairCorr
  0.87TCTJX Transamerica CleartrackPairCorr
  0.84TCSUX Cleartrack 2020 ClassPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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