Mutual Of Correlations

MABDX Fund   12.29  0.02  0.16%   
The current 90-days correlation between Mutual Of America and Kinetics Small Cap is -0.12 (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

Average diversification

The correlation between Mutual Of America and DJI is 0.12 (i.e., Average 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 unemployment.

Moving together with Mutual Mutual Fund

  0.84MAIFX Mutual Of AmericaPairCorr
  0.94MAMBX Mutual Of AmericaPairCorr
  0.89VBTLX Vanguard Total BondPairCorr
  0.95VBMFX Vanguard Total BondPairCorr
  0.95VBTIX Vanguard Total BondPairCorr
  0.95VTBSX Vanguard Total BondPairCorr
  0.95VTBIX Vanguard Total BondPairCorr
  0.95VTBNX Vanguard Total BondPairCorr
  0.95FBOFX American FundsPairCorr
  0.95FFBOX American FundsPairCorr
  0.95BFAFX Bond FundPairCorr
  0.95ABNDX Bond FundPairCorr
  0.85NHS Neuberger Berman HighPairCorr
  0.86PFNUX Pimco Dynamic BondPairCorr

Moving against Mutual Mutual Fund

  0.57MAMEX Mutual Of AmericaPairCorr
  0.53MAVKX Mutual Of AmericaPairCorr
  0.49MAGKX Mutual Of AmericaPairCorr
  0.33MASOX Mutual Of AmericaPairCorr

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.