Mutual Of Correlations

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

0.87	MAANX	Mutual Of America	Pair Corr
0.9	MACCX	Mutual Of America	Pair Corr
0.62	MACAX	Mutual Of America	Pair Corr
0.92	MAGKX	Mutual Of America	Pair Corr
0.98	MAVKX	Mutual Of America	Pair Corr
0.67	MURFX	Mutual Of America	Pair Corr
0.81	MURJX	Mutual Of America	Pair Corr
0.78	MURIX	Mutual Of America	Pair Corr
0.83	MURMX	Mutual Of America	Pair Corr
0.82	MURPX	Mutual Of America	Pair Corr
0.86	VIMAX	Vanguard Mid Cap	Pair Corr
0.82	VIMSX	Vanguard Mid Cap	Pair Corr
0.86	VMCPX	Vanguard Mid Cap	Pair Corr
0.86	VMCIX	Vanguard Mid Cap	Pair Corr
0.89	VEXAX	Vanguard Extended Market	Pair Corr
0.89	VEMPX	Vanguard Extended Market	Pair Corr
0.89	VIEIX	Vanguard Extended Market	Pair Corr
0.89	VSEMX	Vanguard Extended Market	Pair Corr
0.9	VEXMX	Vanguard Extended Market	Pair Corr
0.89	FSMAX	Fidelity Extended Market	Pair Corr
0.8	VTSAX	Vanguard Total Stock	Pair Corr
0.76	VFIAX	Vanguard 500 Index	Pair Corr
0.8	VTSMX	Vanguard Total Stock	Pair Corr
0.8	VSMPX	Vanguard Total Stock	Pair Corr

Moving against Mutual Mutual Fund

0.43

MIMFX

Amg Managers Emerging

Pair Corr

Related Correlations Analysis

	VBIIX	DLTNX	MSTBX	CSBCX	ELBIX	JAFLX	CBOCX
VBIIX		0.99	0.88	1.0	0.82	0.99	0.96	VBIIX
DLTNX	0.99		0.92	0.99	0.86	0.99	0.98	DLTNX
MSTBX	0.88	0.92		0.89	0.87	0.88	0.95	MSTBX
CSBCX	1.0	0.99	0.89		0.84	0.99	0.97	CSBCX
ELBIX	0.82	0.86	0.87	0.84		0.85	0.84	ELBIX
JAFLX	0.99	0.99	0.88	0.99	0.85		0.95	JAFLX
CBOCX	0.96	0.98	0.95	0.97	0.84	0.95		CBOCX
	VBIIX	DLTNX	MSTBX	CSBCX	ELBIX	JAFLX	CBOCX

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
VBIIX	0.26	0.01	0.44	(0.04)	0.27	(0.31)	0.59	(0.49)	1.40
DLTNX	0.23	0.01	0.50	0.12	0.21	(0.32)	0.57	(0.35)	1.40
MSTBX	0.11	0.01	0.92	(0.42)	0.00	(0.15)	0.21	(0.21)	0.62
CSBCX	0.23	0.01	0.47	(0.04)	0.25	(0.27)	0.49	(0.41)	1.42
ELBIX	0.33	0.03	0.43	1.29	0.28	(0.42)	0.64	(0.48)	1.73
JAFLX	0.25	0.01	0.45	(0.03)	0.26	(0.32)	0.61	(0.41)	1.44
CBOCX	0.17	0.01	0.67	0.30	0.14	(0.20)	0.40	(0.32)	0.81

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