Mutual Of Correlations

MACAX Fund

USD 11.53 0.03 0.26%

The current 90-days correlation between Mutual Of America and Baron Health Care is 0.2 (i.e., Modest 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 0.58 (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 nation.

Moving together with Mutual Mutual Fund

0.9	VWINX	Vanguard Wellesley Income	Pair Corr
0.84	VWIAX	Vanguard Wellesley Income	Pair Corr
0.93	BKMIX	Blackrock Multi Asset	Pair Corr
0.78	HBLTX	Hartford Balanced	Pair Corr
0.78	HBLRX	Hartford Balanced	Pair Corr
0.78	HBLSX	Hartford Balanced	Pair Corr
0.78	HBLVX	Hartford Balanced	Pair Corr
0.78	HBLYX	Hartford Balanced	Pair Corr
0.77	HBLCX	Hartford Balanced	Pair Corr
0.77	HBLIX	Hartford Balanced	Pair Corr
0.95	FTYPX	Fidelity Freedom Index	Pair Corr
0.97	FFBTX	Fidelity Freedom Blend	Pair Corr
0.75	GABFX	Gmo Asset Allocation	Pair Corr
0.87	GCAVX	Gmo Small Cap	Pair Corr
0.86	GQLOX	Gmo Quality Fund	Pair Corr
0.63	GMCQX	Gmo Equity Allocation	Pair Corr
0.61	T	ATT Inc Earnings Call This Week	Pair Corr
0.66	VZ	Verizon Communications Earnings Call Tomorrow	Pair Corr
0.63	CVX	Chevron Corp Fiscal Year End 7th of February 2025	Pair Corr
0.62	DD	Dupont De Nemours Fiscal Year End 4th of February 2025	Pair Corr
0.79	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr
0.69	TRV	The Travelers Companies	Pair Corr

Moving against Mutual Mutual Fund

0.42	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr
0.41	PFE	Pfizer Inc Fiscal Year End 4th of February 2025	Pair Corr

Related Correlations Analysis

	BHCHX	HCPIX	SCHLX	LYFAX	BHSRX	HHCZX
BHCHX		0.97	0.98	0.91	0.96	0.49	BHCHX
HCPIX	0.97		0.99	0.89	0.96	0.38	HCPIX
SCHLX	0.98	0.99		0.91	0.97	0.42	SCHLX
LYFAX	0.91	0.89	0.91		0.93	0.64	LYFAX
BHSRX	0.96	0.96	0.97	0.93		0.49	BHSRX
HHCZX	0.49	0.38	0.42	0.64	0.49		HHCZX
	BHCHX	HCPIX	SCHLX	LYFAX	BHSRX	HHCZX

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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
BHCHX	0.71	(0.14)	0.00	(0.45)	0.00	0.00	1.27	(1.58)	4.19
HCPIX	0.92	(0.25)	0.00	(0.61)	0.00	0.00	1.52	(2.01)	3.93
SCHLX	0.60	(0.15)	0.00	(0.74)	0.00	0.00	0.98	(1.60)	3.10
LYFAX	0.62	(0.09)	0.00	(0.31)	0.00	0.00	0.96	(1.57)	3.57
BHSRX	0.70	(0.20)	0.00	(0.58)	0.00	0.00	0.94	(1.63)	6.63
HHCZX	0.13	0.00	(0.08)	0.05	0.10	(0.17)	0.24	(0.24)	1.15

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