Pro-blend(r) Maximum Correlations

Mutual Funds . USA . 
Fund . Pro Blend Maximum Term
EXHAX Fund  USD 25.03  0.29  1.17%   
The current 90-days correlation between Pro-blend(r) Maximum and Pro Blend Extended Term is 0.97 (i.e., Almost no diversification). The correlation of Pro-blend(r) Maximum 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) Maximum Correlation With Market

Good diversification

The correlation between Pro Blend Maximum Term and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pro Blend Maximum 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 Maximum 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

  0.77CEIIX Manning Napier CallodinePairCorr
  0.84CEIZX Manning Napier CallodinePairCorr
  0.77CEISX Manning Napier CallodinePairCorr
  0.87MNBAX Pro-blend(r) ExtendedPairCorr
  0.77MNBIX Pro-blend(r) ExtendedPairCorr
  0.76MNDFX Disciplined Value SeriesPairCorr
  0.79MNBRX Pro-blend(r) ExtendedPairCorr
  0.84MNBWX Manning Napier ProPairCorr
  0.8MNECX Pro-blend(r) ExtendedPairCorr
  1.0MNHCX Pro-blend(r) MaximumPairCorr
  1.0MNHIX Pro-blend(r) MaximumPairCorr
  0.92MNHRX Pro-blend(r) MaximumPairCorr
  1.0MNHWX Manning Napier ProPairCorr
  0.79MNMCX Pro-blend(r) ModeratePairCorr
  0.67MNMIX Pro-blend(r) ModeratePairCorr
  0.69MNMRX Pro Blend ModeratePairCorr
  0.64MNMWX Manning Napier ProPairCorr
  0.65MDFSX Disciplined Value SeriesPairCorr
  0.64MDVWX Manning Napier DisciPairCorr
  0.76MDVZX Manning Napier DisciPairCorr

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) Maximum 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) Maximum'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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