Mutual Of Correlations

MAMBX Fund

9.64 0.02 0.21%

The current 90-days correlation between Mutual Of America and Scharf Global Opportunity is 0.38 (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

Average diversification

The correlation between Mutual Of America and DJI is 0.14 (i.e., Average 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 bureau of labor statistics.

Moving together with Mutual Mutual Fund

0.94	MABDX	Mutual Of America	Pair Corr
0.88	MAIFX	Mutual Of America	Pair Corr
0.94	VBIRX	Vanguard Short Term	Pair Corr
0.92	VFSUX	Vanguard Short Term	Pair Corr
0.97	VFSIX	Vanguard Short Term	Pair Corr
0.96	VFSTX	Vanguard Short Term	Pair Corr
0.96	VBITX	Vanguard Short Term	Pair Corr
0.96	VBISX	Vanguard Short Term	Pair Corr
0.86	LALDX	Lord Abbett Short	Pair Corr
0.97	VSCSX	Vanguard Short Term	Pair Corr
0.89	LDLAX	Lord Abbett Short	Pair Corr
0.89	LDLRX	Lord Abbett Short	Pair Corr
0.76	PFN	Pimco Income Strategy	Pair Corr

Moving against Mutual Mutual Fund

0.61	MAGKX	Mutual Of America	Pair Corr
0.48	MASOX	Mutual Of America	Pair Corr
0.38	MAMVX	Mutual Of America	Pair Corr
0.34	MAMEX	Mutual Of America	Pair Corr
0.32	MAVKX	Mutual Of America	Pair Corr
0.31	MACCX	Mutual Of America	Pair Corr

Related Correlations Analysis

	WRLDX	BXDCX	CPUCX	FEUGX	PIEQX	VBIIX
WRLDX		0.54	0.82	0.58	0.81	0.78	WRLDX
BXDCX	0.54		0.63	0.97	0.87	0.77	BXDCX
CPUCX	0.82	0.63		0.62	0.74	0.93	CPUCX
FEUGX	0.58	0.97	0.62		0.88	0.78	FEUGX
PIEQX	0.81	0.87	0.74	0.88		0.82	PIEQX
VBIIX	0.78	0.77	0.93	0.78	0.82		VBIIX
	WRLDX	BXDCX	CPUCX	FEUGX	PIEQX	VBIIX

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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
WRLDX	0.61	(0.09)	0.00	0.80	0.00	0.00	1.03	(1.68)	2.96
BXDCX	0.08	0.01	1.24	(0.30)	0.00	(0.15)	0.22	(0.11)	0.54
CPUCX	0.26	(0.02)	0.00	0.38	0.00	0.00	0.44	(0.54)	1.45
FEUGX	0.06	0.01	1.31	1.51	0.00	(0.18)	0.11	(0.11)	0.54
PIEQX	0.64	0.13	0.21	0.09	0.82	(0.72)	1.16	(1.17)	4.73
VBIIX	0.26	0.01	0.44	(0.04)	0.27	(0.31)	0.59	(0.49)	1.40

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