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 0.15 (i.e., Average 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

Modest diversification

The correlation between Mutual Of America and DJI is 0.29 (i.e., Modest 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

0.84	MAIFX	Mutual Of America	Pair Corr
0.94	MAMBX	Mutual Of America	Pair Corr
0.89	VBTLX	Vanguard Total Bond	Pair Corr
0.95	VBMFX	Vanguard Total Bond	Pair Corr
0.95	VBTIX	Vanguard Total Bond	Pair Corr
0.95	VTBSX	Vanguard Total Bond	Pair Corr
0.95	VTBIX	Vanguard Total Bond	Pair Corr
0.95	VTBNX	Vanguard Total Bond	Pair Corr
0.95	FBOFX	American Funds	Pair Corr
0.95	FFBOX	American Funds	Pair Corr
0.95	BFAFX	Bond Fund	Pair Corr
0.95	ABNDX	Bond Fund	Pair Corr
0.85	NHS	Neuberger Berman High	Pair Corr
0.86	PFNUX	Pimco Dynamic Bond	Pair Corr

Moving against Mutual Mutual Fund

0.49	MAGKX	Mutual Of America	Pair Corr
0.33	MASOX	Mutual Of America	Pair Corr

Related Correlations Analysis

	KSCYX	QUAZX	ARTSX	OWSMX	HSCVX	PMDDX	NSMAX
KSCYX		0.18	0.25	0.35	0.3	0.42	0.23	KSCYX
QUAZX	0.18		0.89	0.67	0.91	0.83	0.73	QUAZX
ARTSX	0.25	0.89		0.8	0.94	0.9	0.87	ARTSX
OWSMX	0.35	0.67	0.8		0.89	0.9	0.91	OWSMX
HSCVX	0.3	0.91	0.94	0.89		0.97	0.89	HSCVX
PMDDX	0.42	0.83	0.9	0.9	0.97		0.91	PMDDX
NSMAX	0.23	0.73	0.87	0.91	0.89	0.91		NSMAX
	KSCYX	QUAZX	ARTSX	OWSMX	HSCVX	PMDDX	NSMAX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
KSCYX	1.55	0.00	(0.15)	2.75	(4.40)	9.10
QUAZX	1.22	(0.18)	(0.31)	1.55	(3.50)	6.73
ARTSX	1.15	(0.34)	4.20	1.58	(3.34)	5.69
OWSMX	0.63	(0.08)	(0.30)	1.03	(1.37)	3.89
HSCVX	0.74	(0.13)	(0.32)	1.03	(1.78)	3.38
PMDDX	0.80	(0.14)	(0.31)	1.21	(1.85)	4.00
NSMAX	0.91	(0.29)	(0.99)	1.32	(2.27)	9.04

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC