Mutual Of Correlations

MAVKX Fund

13.57 0.09 0.66%

The current 90-days correlation between Mutual Of America and T Rowe Price is 0.98 (i.e., Almost no 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

Poor diversification

The correlation between Mutual Of America and DJI is 0.72 (i.e., Poor 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 industry.

Moving together with Mutual Mutual Fund

0.97	MAAKX	Mutual Of America	Pair Corr
0.86	MAANX	Mutual Of America	Pair Corr
0.94	MACCX	Mutual Of America	Pair Corr
0.64	MACHX	Mutual Of America	Pair Corr
0.94	MAEIX	Mutual Of America	Pair Corr
0.97	MAGKX	Mutual Of America	Pair Corr
0.98	MAMEX	Mutual Of America	Pair Corr
0.64	MAMOX	Mutual Of America	Pair Corr
0.96	MAMVX	Mutual Of America	Pair Corr
0.98	MASOX	Mutual Of America	Pair Corr
0.75	MURJX	Mutual Of America	Pair Corr
0.7	MURIX	Mutual Of America	Pair Corr
0.82	MURNX	Mutual Of America	Pair Corr
0.78	MURMX	Mutual Of America	Pair Corr
0.77	MURLX	Mutual Of America	Pair Corr
0.82	MURQX	Mutual Of America	Pair Corr
0.82	MURPX	Mutual Of America	Pair Corr
0.82	MUROX	Mutual Of America	Pair Corr
0.98	VSIIX	Vanguard Small Cap	Pair Corr
0.98	VISVX	Vanguard Small Cap	Pair Corr
0.99	DFSVX	Us Small Cap	Pair Corr
0.99	DFFVX	Us Targeted Value	Pair Corr
0.96	UBVCX	Undiscovered Managers	Pair Corr
0.96	UBVAX	Undiscovered Managers	Pair Corr
0.96	UBVSX	Undiscovered Managers	Pair Corr
0.92	AVFIX	American Beacon Small	Pair Corr

Moving against Mutual Mutual Fund

0.65	MAMBX	Mutual Of America	Pair Corr
0.6	MABDX	Mutual Of America	Pair Corr
0.53	MAIFX	Mutual Of America	Pair Corr
0.98	UIPIX	Ultrashort Mid Cap	Pair Corr
0.94	USPSX	Profunds Ultrashort	Pair Corr
0.94	USPIX	Profunds Ultrashort	Pair Corr
0.54	FTCAX	Templeton Strained Bond	Pair Corr
0.52	PDI	Pimco Dynamic Income	Pair Corr
0.46	SAEMX	Sa Emerging Markets	Pair Corr
0.41	RMDUX	American Funds Multi	Pair Corr

Related Correlations Analysis

	PRSVX	RRMVX	SMVTX	VSFSX	RYCLX	ASVIX	PRDMX	LVAQX
PRSVX		0.95	0.96	1.0	-0.55	0.97	0.95	0.96	PRSVX
RRMVX	0.95		0.93	0.95	-0.6	0.91	0.93	0.86	RRMVX
SMVTX	0.96	0.93		0.95	-0.39	0.97	0.91	0.93	SMVTX
VSFSX	1.0	0.95	0.95		-0.56	0.97	0.95	0.95	VSFSX
RYCLX	-0.55	-0.6	-0.39	-0.56		-0.36	-0.55	-0.41	RYCLX
ASVIX	0.97	0.91	0.97	0.97	-0.36		0.9	0.96	ASVIX
PRDMX	0.95	0.93	0.91	0.95	-0.55	0.9		0.87	PRDMX
LVAQX	0.96	0.86	0.93	0.95	-0.41	0.96	0.87		LVAQX
	PRSVX	RRMVX	SMVTX	VSFSX	RYCLX	ASVIX	PRDMX	LVAQX

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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

VSFSX	+ 1.0	PRSVX
ASVIX	+ 0.97	PRSVX
ASVIX	+ 0.97	SMVTX
ASVIX	+ 0.97	VSFSX
SMVTX	+ 0.96	PRSVX
LVAQX	+ 0.96	PRSVX

High negative correlations

RYCLX	- 0.6	RRMVX
RYCLX	- 0.56	VSFSX
PRDMX	- 0.55	RYCLX
RYCLX	- 0.55	PRSVX
LVAQX	- 0.41	RYCLX
RYCLX	- 0.39	SMVTX

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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
PRSVX	0.82	(0.10)	(0.17)	1.28	(2.04)	4.44
RRMVX	0.71	(0.04)	(0.12)	1.21	(1.60)	3.46
SMVTX	1.01	(0.15)	(0.22)	1.39	(2.22)	9.55
VSFSX	0.87	(0.10)	(0.17)	1.48	(2.07)	5.18
RYCLX	1.15	(0.12)	(1.52)	2.30	(1.54)	19.50
ASVIX	0.95	(0.17)	(0.21)	1.23	(2.37)	6.50
PRDMX	1.34	(0.18)	(0.22)	1.84	(3.77)	7.15
LVAQX	0.83	(0.14)	(0.24)	1.18	(1.87)	3.80

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