Manning Napier Correlations

Mutual Funds . USA . 
Fund . Manning Napier Disciplined
MDVWX Fund  USD 7.82  0.01  0.13%   
The current 90-days correlation between Manning Napier Disci and Towpath Technology is 0.62 (i.e., Poor 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

Poor diversification

The correlation between Manning Napier Disciplined and DJI is 0.74 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Manning Napier Disciplined 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 Disciplined. 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

  0.87MNBAX Pro-blend(r) ExtendedPairCorr
  0.87MNBIX Pro-blend(r) ExtendedPairCorr
  0.73MNCRX Pro-blend(r) ConservativePairCorr
  1.0MNDFX Disciplined Value SeriesPairCorr
  0.74MNCCX Pro-blend(r) ConservativePairCorr
  0.73MNCIX Pro-blend(r) ConservativePairCorr
  0.86MNECX Pro-blend(r) ExtendedPairCorr
  0.7MNHCX Pro-blend(r) MaximumPairCorr
  0.8MNHAX High Yield BondPairCorr
  0.72MNHIX Pro-blend(r) MaximumPairCorr
  0.71MNHRX Pro-blend(r) MaximumPairCorr
  0.74MNHWX Manning Napier ProPairCorr
  0.82MNHYX High Yield BondPairCorr
  0.86MNMCX Pro-blend(r) ModeratePairCorr
  0.87MNMIX Pro-blend(r) ModeratePairCorr
  0.86MNMRX Pro Blend ModeratePairCorr
  0.87MNMWX Manning Napier ProPairCorr
  0.7MNOWX Manning Napier OverseasPairCorr
  0.7MNOZX Manning Napier OverseasPairCorr
  0.91MDVZX Manning Napier DisciPairCorr
  0.86EXBAX Pro-blend(r) ModeratePairCorr
  0.73EXDAX Pro-blend(r) ConservativePairCorr
  0.71EXHAX Pro-blend(r) MaximumPairCorr
  0.7EXOSX Overseas Series ClassPairCorr
  0.81MHYZX Manning Napier HighPairCorr
  0.97VVIAX Vanguard Value IndexPairCorr
  0.88DOXGX Dodge Cox StockPairCorr
  0.92AFMFX American MutualPairCorr

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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