Mutual Of Correlations

Mutual Funds . USA . 
Fund . Mutual Of America
MACHX Fund   20.21  0.23  1.15%   
The current 90-days correlation between Mutual Of America and Crossmark Steward Equity is -0.33 (i.e., Very 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

Very weak diversification

The correlation between Mutual Of America and DJI is 0.43 (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 rate.

Moving together with Mutual Mutual Fund

  0.9MAAKX Mutual Of AmericaPairCorr
  0.83MAANX Mutual Of AmericaPairCorr
  0.8MACCX Mutual Of AmericaPairCorr
  0.84MACAX Mutual Of AmericaPairCorr
  0.91MAEIX Mutual Of AmericaPairCorr
  0.8MAMEX Mutual Of AmericaPairCorr
  0.84MAMOX Mutual Of AmericaPairCorr
  0.7MAMVX Mutual Of AmericaPairCorr
  0.69MASOX Mutual Of AmericaPairCorr
  0.82MARMX Mutual Of AmericaPairCorr
  0.81MAVKX Mutual Of AmericaPairCorr
  0.8MURFX Mutual Of AmericaPairCorr
  0.83MURJX Mutual Of AmericaPairCorr
  0.85MURIX Mutual Of AmericaPairCorr
  0.84MURHX Mutual Of AmericaPairCorr
  0.85MURGX Mutual Of AmericaPairCorr
  0.84MURNX Mutual Of AmericaPairCorr
  0.83MURMX Mutual Of AmericaPairCorr
  0.83MURLX Mutual Of AmericaPairCorr
  0.81MURQX Mutual Of AmericaPairCorr
  0.79MURPX Mutual Of AmericaPairCorr
  0.84MUROX Mutual Of AmericaPairCorr
  0.82FBONX American Funds AmericanPairCorr
  0.82FBAFX American Funds AmericanPairCorr
  0.89ABALX American BalancedPairCorr
  0.89BALCX American BalancedPairCorr
  0.89RLBCX American BalancedPairCorr
  0.89RLBBX American BalancedPairCorr
  0.89CLBAX American BalancedPairCorr
  0.89CLBEX American BalancedPairCorr
  0.89RLBFX American BalancedPairCorr

Moving against Mutual Mutual Fund

  0.59UIPIX Ultrashort Mid CapPairCorr
  0.49USPSX Profunds Ultrashort Steady GrowthPairCorr
  0.44USPIX Profunds Ultrashort Steady GrowthPairCorr

Related Correlations Analysis

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.

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