Pro-blend(r) Conservative Correlations

Mutual Funds . USA . 
Fund . Pro Blend Servative Term
EXDAX Fund  USD 13.11  0.02  0.15%   
The current 90-days correlation between Pro-blend(r) Conservative and Pro Blend Moderate Term is 0.77 (i.e., Poor diversification). The correlation of Pro-blend(r) Conservative 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.

Pro-blend(r) Conservative Correlation With Market

Poor diversification

The correlation between Pro Blend Servative Term and DJI is 0.63 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pro Blend Servative Term 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 Pro Blend Servative Term. 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 Pro-blend(r) Mutual Fund

  0.77MNBAX Pro-blend(r) ExtendedPairCorr
  0.77MNBIX Pro-blend(r) ExtendedPairCorr
  0.75MNCPX Unconstrained Bond SeriesPairCorr
  1.0MNCRX Pro-blend(r) ConservativePairCorr
  0.78MNCWX Manning Napier ProPairCorr
  0.67MNDFX Disciplined Value SeriesPairCorr
  0.76MNBRX Pro-blend(r) ExtendedPairCorr
  0.79MNBWX Manning Napier ProPairCorr
  1.0MNCCX Pro-blend(r) ConservativePairCorr
  1.0MNCIX Pro-blend(r) ConservativePairCorr
  0.72MNDWX Manning Napier DiverPairCorr
  0.75MNECX Pro-blend(r) ExtendedPairCorr
  0.94MNHAX High Yield BondPairCorr
  0.93MNHYX High Yield BondPairCorr
  0.85MNMCX Pro-blend(r) ModeratePairCorr
  0.87MNMIX Pro-blend(r) ModeratePairCorr
  0.86MNMRX Pro Blend ModeratePairCorr
  0.89MNMWX Manning Napier ProPairCorr
  0.89MNOSX Manning Napier OverseasPairCorr
  0.94MNOWX Manning Napier OverseasPairCorr
  0.94MNOZX Manning Napier OverseasPairCorr
  0.83RAIIX Rainier InternationalPairCorr
  0.83RAIRX Rainier InternationalPairCorr
  0.84RAIWX Manning Napier RainierPairCorr
  0.66MCDIX Manning Napier CreditPairCorr
  0.82MCBWX Manning Napier CorePairCorr
  0.7MCBZX Manning Napier CorePairCorr
  0.68MCDSX Manning Napier CreditPairCorr
  0.76MUBWX Manning Napier UnconPairCorr
  0.69MDVZX Manning Napier DisciPairCorr
  0.74EXBAX Pro-blend(r) ModeratePairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Pro-blend(r) Mutual Fund performing well and Pro-blend(r) Conservative 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 Pro-blend(r) Conservative'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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