Core Bond Correlations

EXCIX Fund

USD 9.27 0.01 0.11%

The current 90-days correlation between Core Bond Series and Gmo High Yield is 0.22 (i.e., Modest diversification). The correlation of Core Bond 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.

Core Bond Correlation With Market

Significant diversification

The correlation between Core Bond Series and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Core Bond Series and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Core Bond Series. 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 Core Mutual Fund

0.97	MNCPX	Unconstrained Bond Series	Pair Corr
0.82	MNCRX	Pro-blend(r) Conservative	Pair Corr
0.84	MNCWX	Manning Napier Pro	Pair Corr
0.81	MNCCX	Pro-blend(r) Conservative	Pair Corr
0.84	MNCIX	Pro-blend(r) Conservative	Pair Corr
0.82	MNDWX	Manning Napier Diver	Pair Corr
0.71	MNHAX	High Yield Bond	Pair Corr
0.7	MNHYX	High Yield Bond	Pair Corr
0.79	MNOSX	Manning Napier Overseas	Pair Corr
0.8	MNOWX	Manning Napier Overseas	Pair Corr
0.82	MNOZX	Manning Napier Overseas	Pair Corr
0.65	RAIIX	Rainier International	Pair Corr
0.65	RAIRX	Rainier International	Pair Corr
0.66	RAIWX	Manning Napier Rainier	Pair Corr
0.97	MCDIX	Manning Napier Credit	Pair Corr
1.0	MCBWX	Manning Napier Core	Pair Corr
1.0	MCBZX	Manning Napier Core	Pair Corr
0.97	MCDSX	Manning Napier Credit	Pair Corr
0.99	MCDWX	Manning Napier Credit	Pair Corr
0.95	MUBWX	Manning Napier Uncon	Pair Corr

Moving against Core Mutual Fund

0.4	CEISX	Manning Napier Callodine	Pair Corr
0.39	CEIIX	Manning Napier Callodine	Pair Corr
0.38	CEIZX	Manning Napier Callodine	Pair Corr
0.52	EXEYX	Equity Series Class	Pair Corr
0.51	MEYWX	Manning Napier Equity	Pair Corr

Related Correlations Analysis

	GHVIX	BXHCX	AQRRX	NWJVX	ARTFX	GSHAX	MAHIX	ARCIX
GHVIX		0.97	0.89	0.85	0.96	0.94	0.94	0.78	GHVIX
BXHCX	0.97		0.87	0.8	0.98	0.95	0.88	0.74	BXHCX
AQRRX	0.89	0.87		0.63	0.85	0.89	0.84	0.83	AQRRX
NWJVX	0.85	0.8	0.63		0.84	0.8	0.91	0.74	NWJVX
ARTFX	0.96	0.98	0.85	0.84		0.93	0.88	0.78	ARTFX
GSHAX	0.94	0.95	0.89	0.8	0.93		0.91	0.75	GSHAX
MAHIX	0.94	0.88	0.84	0.91	0.88	0.91		0.82	MAHIX
ARCIX	0.78	0.74	0.83	0.74	0.78	0.75	0.82		ARCIX
	GHVIX	BXHCX	AQRRX	NWJVX	ARTFX	GSHAX	MAHIX	ARCIX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Core Mutual Fund performing well and Core Bond 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 Core Bond'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
GHVIX	0.16	(0.01)	0.30	0.07	0.18	(0.17)	0.24	(0.35)	1.01
BXHCX	0.13	(0.01)	0.26	0.19	0.16	(0.19)	0.37	(0.37)	1.00
AQRRX	0.51	0.00	0.11	(0.13)	0.66	(0.53)	1.02	(1.08)	3.50
NWJVX	0.08	0.01	0.68	0.92	0.00	(0.14)	0.20	(0.10)	0.61
ARTFX	0.13	(0.01)	0.35	0.12	0.12	(0.20)	0.44	(0.22)	0.89
GSHAX	0.15	0.00	0.23	(0.07)	0.17	(0.26)	0.53	(0.36)	1.08
MAHIX	0.11	0.01	0.44	0.06	0.00	(0.14)	0.20	(0.20)	0.81
ARCIX	0.57	0.11	0.20	0.59	0.66	(0.61)	1.22	(1.24)	4.94

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

2024 Macroaxis LLC