Manning Napier Correlations

Mutual Funds . USA . 
Fund . Manning Napier Credit
MCDWX Fund  USD 9.06  0.02  0.22%   
The current 90-days correlation between Manning Napier Credit and Fidelity Advisor Technology is -0.16 (i.e., Good diversification). The correlation of Manning Napier 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.

Manning Napier Correlation With Market

Good diversification

The correlation between Manning Napier Credit and DJI is -0.05 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Manning Napier Credit 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 Manning Napier Credit. 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 housing.

Moving together with Manning Mutual Fund

  0.67MNBAX Pro-blend(r) ExtendedPairCorr
  0.65MNBIX Pro-blend(r) ExtendedPairCorr
  0.96MNCPX Unconstrained Bond SeriesPairCorr
  0.97MNCRX Pro-blend(r) ConservativePairCorr
  0.96MNCWX Manning Napier ProPairCorr
  0.68MNBRX Pro-blend(r) ExtendedPairCorr
  0.61MNBWX Manning Napier ProPairCorr
  0.97MNCCX Pro-blend(r) ConservativePairCorr
  0.96MNCIX Pro-blend(r) ConservativePairCorr
  0.84MNDWX Manning Napier DiverPairCorr
  0.71MNECX Pro-blend(r) ExtendedPairCorr
  0.83MNMCX Pro-blend(r) ModeratePairCorr
  0.79MNMIX Pro-blend(r) ModeratePairCorr
  0.81MNMRX Pro-blend(r) ModeratePairCorr
  0.75MNMWX Manning Napier ProPairCorr
  0.73MNOSX Manning Napier OverseasPairCorr
  0.72MNOWX Manning Napier OverseasPairCorr
  0.72MNOZX Manning Napier OverseasPairCorr
  0.82RAIIX Rainier InternationalPairCorr
  0.82RAIRX Rainier InternationalPairCorr
  0.81RAIWX Manning Napier RainierPairCorr
  0.99MCBWX Manning Napier CorePairCorr
  0.73MCBZX Manning Napier CorePairCorr
  0.94MUBWX Manning Napier UnconPairCorr
  0.8EXBAX Pro-blend(r) ModeratePairCorr
  0.96EXCPX Unconstrained Bond SeriesPairCorr

Moving against Manning Mutual Fund

  0.63MNDFX Disciplined Value SeriesPairCorr
  0.56CEIIX Manning Napier CallodinePairCorr
  0.56CEIZX Manning Napier CallodinePairCorr
  0.56CEISX Manning Napier CallodinePairCorr
  0.44MNHWX Manning Napier ProPairCorr
  0.42MNHIX Pro-blend(r) MaximumPairCorr
  0.42MNHRX Pro-blend(r) MaximumPairCorr
  0.4MNHCX Pro-blend(r) MaximumPairCorr
  0.63MDFSX Disciplined Value SeriesPairCorr
  0.63MDVWX Manning Napier DisciPairCorr
  0.63MDVZX Manning Napier DisciPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Manning Mutual Fund performing well and Manning Napier 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 Manning Napier'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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