Mutual Of Correlations

MAAKX Fund   21.99  0.46  2.14%   
The current 90-days correlation between Mutual Of America and Ab Large Cap is -0.2 (i.e., Good diversification). The correlation of Mutual Of 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.

Mutual Of Correlation With Market

Very weak diversification

The correlation between Mutual Of America and DJI is 0.48 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mutual Of America and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Mutual Of America. 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 industry.

Moving together with Mutual Mutual Fund

  0.88MAANX Mutual Of AmericaPairCorr
  0.91MACCX Mutual Of AmericaPairCorr
  0.7MACAX Mutual Of AmericaPairCorr
  0.9MACHX Mutual Of AmericaPairCorr
  0.99MAEIX Mutual Of AmericaPairCorr
  0.79MAGKX Mutual Of AmericaPairCorr
  0.98MAMEX Mutual Of AmericaPairCorr
  0.81MAMOX Mutual Of AmericaPairCorr
  0.89MAMVX Mutual Of AmericaPairCorr
  0.92MASOX Mutual Of AmericaPairCorr
  0.64MARMX Mutual Of AmericaPairCorr
  0.97MAVKX Mutual Of AmericaPairCorr
  0.73MURFX Mutual Of AmericaPairCorr
  0.85MURJX Mutual Of AmericaPairCorr
  0.83MURIX Mutual Of AmericaPairCorr
  0.79MURHX Mutual Of AmericaPairCorr
  0.74MURGX Mutual Of AmericaPairCorr
  0.85MURNX Mutual Of AmericaPairCorr
  0.86MURMX Mutual Of AmericaPairCorr
  0.85MURLX Mutual Of AmericaPairCorr
  0.81MURQX Mutual Of AmericaPairCorr
  0.82MURPX Mutual Of AmericaPairCorr
  0.85MUROX Mutual Of AmericaPairCorr
  0.78VTSAX Vanguard Total StockPairCorr
  0.74VFIAX Vanguard 500 IndexPairCorr
  0.78VTSMX Vanguard Total StockPairCorr
  0.77VITSX Vanguard Total StockPairCorr
  0.77VSMPX Vanguard Total StockPairCorr
  0.77VSTSX Vanguard Total StockPairCorr
  0.75VFINX Vanguard 500 IndexPairCorr
  0.74VFFSX Vanguard 500 IndexPairCorr
  0.8VINIX Vanguard InstitutionalPairCorr
  0.8VIIIX Vanguard InstitutionalPairCorr

Moving against Mutual Mutual Fund

  0.46QREARX Teachers Insurance AndPairCorr
  0.36TIBAX Thornburg InvestmentPairCorr

Related Correlations Analysis

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.
High positive correlations   
TRCPXDOXGX
LTFOXTRCPX
LTFOXDOXGX
TRCPXTACLX
DOXGXTACLX
LTFOXTACLX
  
High negative correlations   
GMLVXSBQAX

Risk-Adjusted Indicators

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