Mutual Of Correlations
| MAANX Fund | 15.01 0.13 0.87% |
The current 90-days correlation between Mutual Of America and Nt International Small Mid is 0.05 (i.e., Significant 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
Poor diversification
The correlation between Mutual Of America and DJI is 0.6 (i.e., Poor 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.
Mutual |
Moving together with Mutual Mutual Fund
| 0.87 | MAAKX | Mutual Of America | PairCorr |
| 0.87 | MACCX | Mutual Of America | PairCorr |
| 0.85 | MACAX | Mutual Of America | PairCorr |
| 0.68 | MACHX | Mutual Of America | PairCorr |
| 0.76 | MAEIX | Mutual Of America | PairCorr |
| 0.78 | MAGKX | Mutual Of America | PairCorr |
| 0.85 | MAMEX | Mutual Of America | PairCorr |
| 0.96 | MAMOX | Mutual Of America | PairCorr |
| 0.74 | MAMVX | Mutual Of America | PairCorr |
| 0.73 | MASOX | Mutual Of America | PairCorr |
| 0.68 | MARMX | Mutual Of America | PairCorr |
| 0.88 | MAVKX | Mutual Of America | PairCorr |
| 0.85 | MURFX | Mutual Of America | PairCorr |
| 0.98 | MURJX | Mutual Of America | PairCorr |
| 0.97 | MURIX | Mutual Of America | PairCorr |
| 0.87 | MURHX | Mutual Of America | PairCorr |
| 0.89 | MURGX | Mutual Of America | PairCorr |
| 0.99 | MURNX | Mutual Of America | PairCorr |
| 0.99 | MURMX | Mutual Of America | PairCorr |
| 0.92 | MURLX | Mutual Of America | PairCorr |
| 0.95 | MURQX | Mutual Of America | PairCorr |
| 0.98 | MURPX | Mutual Of America | PairCorr |
| 0.89 | MUROX | Mutual Of America | PairCorr |
Related Correlations Analysis
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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.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ANTMX | 0.75 | (0.06) | 0.00 | 0.58 | 0.00 | 1.48 | 5.64 | |||
| TVOYX | 0.83 | (0.07) | 0.00 | (0.17) | 0.00 | 1.43 | 4.23 | |||
| PEVAX | 1.06 | (0.32) | 0.00 | (0.39) | 0.00 | 1.42 | 15.52 | |||
| QSERX | 1.15 | (0.21) | 0.00 | (0.23) | 0.00 | 1.83 | 12.36 | |||
| KSCYX | 1.57 | 0.08 | 0.00 | (0.01) | 0.00 | 3.29 | 9.10 | |||
| GLVIX | 0.92 | (0.01) | 0.00 | (0.10) | 0.00 | 1.50 | 5.60 | |||
| PASVX | 0.96 | (0.20) | 0.00 | (0.32) | 0.00 | 1.28 | 9.30 | |||
| PMDDX | 0.86 | (0.10) | 0.00 | (0.21) | 0.00 | 1.31 | 4.00 |