Mutual Of Correlations

Mutual Funds . USA . 
Fund . Mutual Of America
MAMEX Fund   19.67  0.47  2.45%   
The current 90-days correlation between Mutual Of America and Vanguard Intermediate Term Bond is 0.25 (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

Very weak diversification

The correlation between Mutual Of America and DJI is 0.56 (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 income.

Moving together with Mutual Mutual Fund

  0.98MAAKX Mutual Of AmericaPairCorr
  0.87MAANX Mutual Of AmericaPairCorr
  0.9MACCX Mutual Of AmericaPairCorr
  0.62MACAX Mutual Of AmericaPairCorr
  0.8MACHX Mutual Of AmericaPairCorr
  0.95MAEIX Mutual Of AmericaPairCorr
  0.92MAGKX Mutual Of AmericaPairCorr
  0.76MAMOX Mutual Of AmericaPairCorr
  0.97MASOX Mutual Of AmericaPairCorr
  0.98MAVKX Mutual Of AmericaPairCorr
  0.67MURFX Mutual Of AmericaPairCorr
  0.78MURIX Mutual Of AmericaPairCorr
  0.73MURHX Mutual Of AmericaPairCorr
  0.67MURGX Mutual Of AmericaPairCorr
  0.83MURNX Mutual Of AmericaPairCorr
  0.83MURMX Mutual Of AmericaPairCorr
  0.79MURQX Mutual Of AmericaPairCorr
  0.82MURPX Mutual Of AmericaPairCorr
  0.83MUROX Mutual Of AmericaPairCorr
  0.86VIMAX Vanguard Mid CapPairCorr
  0.82VIMSX Vanguard Mid CapPairCorr
  0.86VMCPX Vanguard Mid CapPairCorr
  0.86VMCIX Vanguard Mid CapPairCorr
  0.89VEXAX Vanguard Extended MarketPairCorr
  0.89VEMPX Vanguard Extended MarketPairCorr
  0.89VIEIX Vanguard Extended MarketPairCorr
  0.89VSEMX Vanguard Extended MarketPairCorr
  0.9VEXMX Vanguard Extended MarketPairCorr
  0.89FSMAX Fidelity Extended MarketPairCorr
  0.8VTSAX Vanguard Total StockPairCorr
  0.76VFIAX Vanguard 500 IndexPairCorr
  0.8VTSMX Vanguard Total StockPairCorr

Moving against Mutual Mutual Fund

  0.34MAMBX Mutual Of AmericaPairCorr
  0.31MAIFX Mutual Of AmericaPairCorr
  0.43MIMFX Amg Managers EmergingPairCorr

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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