Mutual Of Correlations

MACHX Fund

20.21 0.23 1.15%

The current 90-days correlation between Mutual Of America and Crossmark Steward Equity is 0.21 (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

Good diversification

The correlation between Mutual Of America and DJI is -0.12 (i.e., Good 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 rate.

Moving together with Mutual Mutual Fund

0.9	MAAKX	Mutual Of America	Pair Corr
0.8	MACCX	Mutual Of America	Pair Corr
0.91	MAEIX	Mutual Of America	Pair Corr
0.84	MAMOX	Mutual Of America	Pair Corr
0.7	MAMVX	Mutual Of America	Pair Corr
0.69	MASOX	Mutual Of America	Pair Corr
0.82	MARMX	Mutual Of America	Pair Corr
0.8	MURFX	Mutual Of America	Pair Corr
0.83	MURJX	Mutual Of America	Pair Corr
0.85	MURIX	Mutual Of America	Pair Corr
0.84	MURHX	Mutual Of America	Pair Corr
0.85	MURGX	Mutual Of America	Pair Corr
0.84	MURNX	Mutual Of America	Pair Corr
0.83	MURMX	Mutual Of America	Pair Corr
0.83	MURLX	Mutual Of America	Pair Corr
0.81	MURQX	Mutual Of America	Pair Corr
0.79	MURPX	Mutual Of America	Pair Corr
0.84	MUROX	Mutual Of America	Pair Corr
0.82	FBONX	American Funds American	Pair Corr
0.82	FBAFX	American Funds American	Pair Corr
0.89	ABALX	American Balanced	Pair Corr
0.89	BALCX	American Balanced	Pair Corr
0.89	RLBCX	American Balanced	Pair Corr
0.89	RLBBX	American Balanced	Pair Corr
0.89	CLBAX	American Balanced	Pair Corr
0.89	CLBEX	American Balanced	Pair Corr
0.89	RLBFX	American Balanced	Pair Corr

Related Correlations Analysis

	SMNIX	EXDAX	GMADX	FODJX	MFIRX	LGFEX	SPRDX
SMNIX		0.3	0.05	0.13	0.53	0.49	0.51	SMNIX
EXDAX	0.3		0.85	0.87	0.91	0.88	0.87	EXDAX
GMADX	0.05	0.85		0.85	0.71	0.76	0.75	GMADX
FODJX	0.13	0.87	0.85		0.71	0.72	0.71	FODJX
MFIRX	0.53	0.91	0.71	0.71		0.93	0.89	MFIRX
LGFEX	0.49	0.88	0.76	0.72	0.93		0.97	LGFEX
SPRDX	0.51	0.87	0.75	0.71	0.89	0.97		SPRDX
	SMNIX	EXDAX	GMADX	FODJX	MFIRX	LGFEX	SPRDX

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	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
SMNIX	0.46	0.01	0.26	(0.25)	0.43	(0.61)	1.00	(0.85)	2.62
EXDAX	0.21	0.01	0.30	(0.06)	0.27	(0.29)	0.39	(0.38)	1.32
GMADX	0.73	0.05	0.00	(0.02)	0.00	0.00	1.25	(1.63)	11.02
FODJX	0.58	0.05	0.13	(0.01)	0.75	(0.61)	1.11	(1.17)	2.80
MFIRX	0.11	0.02	0.44	0.68	0.00	(0.21)	0.19	(0.19)	0.77
LGFEX	0.74	0.15	0.13	0.09	1.18	(0.71)	1.19	(1.61)	5.04
SPRDX	0.72	0.09	0.10	0.02	1.24	(0.66)	1.35	(1.59)	4.63

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

Mutual Of Correlations

Mutual Of Correlation With Market

Good diversification

Moving together with Mutual Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY