Mutual Of Correlations

Mutual Funds . USA . 
Fund . Mutual Of America
MARMX Fund   11.10  0.03  0.27%   
The current 90-days correlation between Mutual Of America and Commonwealth Global Fund is 0.47 (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

Good diversification

The correlation between Mutual Of America and DJI is -0.04 (i.e., Good 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 population.

Moving together with Mutual Mutual Fund

  0.78MAAKX Mutual Of AmericaPairCorr
  0.96MAANX Mutual Of AmericaPairCorr
  0.75MAEIX Mutual Of AmericaPairCorr
  0.78MAMEX Mutual Of AmericaPairCorr
  0.99MAMOX Mutual Of AmericaPairCorr
  0.68MAVKX Mutual Of AmericaPairCorr
  0.75MURFX Mutual Of AmericaPairCorr
  0.98MURJX Mutual Of AmericaPairCorr
  0.99MURIX Mutual Of AmericaPairCorr
  1.0MURHX Mutual Of AmericaPairCorr
  1.0MURGX Mutual Of AmericaPairCorr
  0.94MURNX Mutual Of AmericaPairCorr
  0.97MURMX Mutual Of AmericaPairCorr
  0.98MURLX Mutual Of AmericaPairCorr
  0.84MURQX Mutual Of AmericaPairCorr
  0.91MURPX Mutual Of AmericaPairCorr
  0.79VTINX Vanguard Target RetiPairCorr
  0.91LIRIX Blackrock Lifepath IdxPairCorr
  0.91LIRAX Blackrock Lfpth IdxPairCorr
  0.82JSIIX Jpmorgan SmartretirementPairCorr
  0.84JSIZX Jpmorgan SmartretirementPairCorr
  0.81JSIYX Jpmorgan SmartretirementPairCorr
  0.83JSIPX Jpmorgan SmartretirementPairCorr
  0.82JSIQX Jpmorgan SmartretirementPairCorr
  0.85FNSHX Fidelity Freedom IncomePairCorr

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   
PBLIX
+ 0.92
CNGLX
LCIAX
+ 0.91
CNGLX
PBLIX
+ 0.87
LCIAX
JAAIX
+ 0.79
PBLIX
JAAIX
+ 0.78
DFELX
JAAIX
+ 0.68
CNGLX
  
High negative correlations   
JAAIX
- 0.04
PEIEX
PEIEX
- 0.02
DFELX

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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