Mutual Of Correlations

MAGKX Fund

12.66 0.25 2.01%

The current 90-days correlation between Mutual Of America and Prudential Financial Services is 0.49 (i.e., Very weak 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

Poor diversification

The correlation between Mutual Of America and DJI is 0.65 (i.e., Poor 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 industry.

Moving together with Mutual Mutual Fund

0.79	MAAKX	Mutual Of America	Pair Corr
0.83	MACCX	Mutual Of America	Pair Corr
0.78	MAEIX	Mutual Of America	Pair Corr
0.93	MAMVX	Mutual Of America	Pair Corr
0.92	MASOX	Mutual Of America	Pair Corr
0.68	MURJX	Mutual Of America	Pair Corr
0.65	MURNX	Mutual Of America	Pair Corr
0.62	MURMX	Mutual Of America	Pair Corr
0.7	MURLX	Mutual Of America	Pair Corr
0.67	MURQX	Mutual Of America	Pair Corr
0.77	MURPX	Mutual Of America	Pair Corr
0.66	MUROX	Mutual Of America	Pair Corr
0.94	VSGIX	Vanguard Small Cap	Pair Corr
0.94	VISGX	Vanguard Small Cap	Pair Corr
0.85	VEXPX	Vanguard Explorer	Pair Corr
0.85	VEXRX	Vanguard Explorer	Pair Corr
0.88	JGMIX	Janus Triton	Pair Corr
0.88	JGMRX	Janus Triton	Pair Corr
0.87	JGMCX	Janus Triton	Pair Corr
0.81	JGMNX	Janus Triton	Pair Corr

Moving against Mutual Mutual Fund

0.61	MAMBX	Mutual Of America	Pair Corr
0.51	MAIFX	Mutual Of America	Pair Corr
0.49	MABDX	Mutual Of America	Pair Corr
0.71	PYAIX	Payden Absolute Return	Pair Corr
0.53	FCFBX	Fidelity Advisor Freedom	Pair Corr
0.51	OEMIX	Ophmr Eml Dbt	Pair Corr
0.5	GRZZX	Grizzly Short	Pair Corr
0.39	FGPMX	Franklin Gold And Steady Growth	Pair Corr
0.35	INIIX	International Investors Steady Growth	Pair Corr
0.33	MNOZX	Manning Napier Overseas	Pair Corr
0.31	BUIIX	Buffalo International	Pair Corr

Related Correlations Analysis

	PSSRX	FIKBX	MSVIX	XFINX	VFAIX
PSSRX		0.97	0.8	0.59	0.84	PSSRX
FIKBX	0.97		0.78	0.66	0.93	FIKBX
MSVIX	0.8	0.78		0.43	0.55	MSVIX
XFINX	0.59	0.66	0.43		0.71	XFINX
VFAIX	0.84	0.93	0.55	0.71		VFAIX
	PSSRX	FIKBX	MSVIX	XFINX	VFAIX

Click cells to compare fundamentals

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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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
PSSRX	1.01	(0.11)	(0.22)	1.69	(3.18)	6.03
FIKBX	0.93	(0.05)	(0.16)	1.66	(2.69)	6.29
MSVIX	0.99	(0.20)	(0.35)	1.35	(2.19)	10.85
XFINX	0.15	(0.01)	(0.21)	0.28	(0.64)	1.27
VFAIX	0.87	0.04	(0.07)	1.46	(2.51)	6.10

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