Mexico Equity Correlations

XMXEX Fund

USD 11.92 0.08 0.68%

The current 90-days correlation between Mexico Equity and Ab Select Longshort is 0.12 (i.e., Average diversification). The correlation of Mexico Equity 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.

Mexico Equity Correlation With Market

Average diversification

The correlation between The Mexico Equity and DJI is 0.17 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding The Mexico Equity and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in The Mexico Equity. 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 income.

Moving together with Mexico Mutual Fund

0.65	RYMEX	Commodities Strategy	Pair Corr
0.65	RYMJX	Commodities Strategy	Pair Corr
0.65	RYMBX	Commodities Strategy	Pair Corr

Moving against Mexico Mutual Fund

0.79	XGEIX	Guggenheim Energy Income	Pair Corr
0.55	BRUFX	Bruce Fund Bruce	Pair Corr
0.7	FDRXX	Fidelity Govt Cash	Pair Corr
0.68	VBMPX	Vanguard Total Bond	Pair Corr
0.67	LMSMX	Western Asset Smash	Pair Corr
0.66	RCBAX	American Funds Porate	Pair Corr
0.65	FIMYX	Federated Intermediate	Pair Corr
0.64	PGCAX	Investment Grade Porate	Pair Corr
0.6	ASHIX	Allianzgi Short Duration	Pair Corr
0.52	CGREX	Invesco Global Real	Pair Corr
0.39	AABQX	American Century One	Pair Corr
0.36	SOPAX	Clearbridge Dividend	Pair Corr
0.31	WBBIX	Teton Westwood Balanced	Pair Corr
0.7	GRFXX	Money Market Obligations	Pair Corr
0.66	ETARX	Eventide Core Bond	Pair Corr
0.65	JMUIX	Janus Multi Sector	Pair Corr
0.62	XNXJX	Nuveen New Jersey	Pair Corr
0.62	FOFQX	Franklin Oregon Tax	Pair Corr
0.61	REPIX	Real Estate Ultrasector	Pair Corr

Related Correlations Analysis

	ASCLX	RSDIX	CDICX	AOUNX	FOSIX
ASCLX		0.3	0.33	0.3	0.32	ASCLX
RSDIX	0.3		1.0	0.99	1.0	RSDIX
CDICX	0.33	1.0		0.99	1.0	CDICX
AOUNX	0.3	0.99	0.99		0.99	AOUNX
FOSIX	0.32	1.0	1.0	0.99		FOSIX
	ASCLX	RSDIX	CDICX	AOUNX	FOSIX

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Risk-Adjusted Indicators

There is a big difference between Mexico Mutual Fund performing well and Mexico Equity 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 Mexico Equity'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
ASCLX	0.43	(0.02)	(0.06)	0.04	0.64	(0.43)	0.85	(1.14)	2.93
RSDIX	0.10	0.03	(0.22)	(0.52)	0.00	(0.18)	0.31	(0.21)	0.62
CDICX	0.10	0.04	(0.23)	(0.53)	0.00	(0.16)	0.26	(0.13)	0.71
AOUNX	0.07	0.02	(0.45)	(0.39)	0.00	(0.18)	0.20	(0.10)	0.62
FOSIX	0.10	0.04	(0.20)	(0.70)	0.00	(0.17)	0.23	(0.11)	0.67

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