Mutual Of Correlations

Mutual Funds . USA . 
Fund . Mutual Of America
MAIFX Fund   8.40  0.01  0.12%   
The current 90-days correlation between Mutual Of America and Rbc China Equity is 0.37 (i.e., 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

Significant diversification

The correlation between Mutual Of America and DJI is 0.06 (i.e., Significant 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 census.

Moving together with Mutual Mutual Fund

  0.9MABDX Mutual Of AmericaPairCorr
  0.91MAMBX Mutual Of AmericaPairCorr
  0.63MAMOX Mutual Of AmericaPairCorr
  0.64MURFX Mutual Of AmericaPairCorr
  0.65MURGX Mutual Of AmericaPairCorr
  0.94DOXFX Dodge Cox InternationalPairCorr
  0.93OANIX Oakmark InternationalPairCorr
  0.92DODFX Dodge International StockPairCorr
  0.93OAKIX Oakmark InternationalPairCorr
  0.93OAYIX Oakmark InternationalPairCorr
  0.93OAZIX Oakmark InternationalPairCorr
  0.91FINVX Fidelity Series IntePairCorr
  0.9VTRIX Vanguard InternationalPairCorr
  0.97RRIGX T Rowe PricePairCorr
  0.83PDI Pimco Dynamic IncomePairCorr

Moving against Mutual Mutual Fund

  0.69PYARX Payden Absolute ReturnPairCorr
  0.4VFIAX Vanguard 500 IndexPairCorr
  0.34PBSIX Polen Small PanyPairCorr

Related Correlations Analysis

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.
High positive correlations   
GRSPX
+ 0.86
AUUYX
DFVEX
+ 0.86
SNPTX
CSPFX
+ 0.82
GTLSX
GTLSX
+ 0.78
AUUYX
GRSPX
+ 0.77
GTLSX
DFVEX
+ 0.74
CSPFX
  
High negative correlations   
DFVEX
- 0.39
RBCIX
SNPTX
- 0.34
RBCIX

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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