Manning Napier Correlations

Mutual Funds USA . 
Fund . Manning Napier Disciplined
MDVZX Fund  USD 8.42  0.10  1.20%   
The current 90-days correlation between Manning Napier Disci and Short Duration Inflation is 0.31 (i.e., Weak 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 Disciplined and DJI is -0.09 (i.e., Good 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 nation.

Moving together with Manning Mutual Fund

  0.62CEIZX Manning Napier CallodinePairCorr
  0.86MNBAX Pro-blend(r) ExtendedPairCorr
  0.86MNBIX Pro-blend(r) ExtendedPairCorr
  0.76MNCRX Pro-blend(r) ConservativePairCorr
  0.91MNDFX Disciplined Value SeriesPairCorr
  0.76MNCCX Pro-blend(r) ConservativePairCorr
  0.75MNCIX Pro-blend(r) ConservativePairCorr
  0.85MNECX Pro-blend(r) ExtendedPairCorr
  0.67MNHCX Pro-blend(r) MaximumPairCorr
  0.83MNHAX High Yield BondPairCorr
  0.69MNHIX Pro-blend(r) MaximumPairCorr
  0.68MNHRX Pro-blend(r) MaximumPairCorr
  0.7MNHWX Manning Napier ProPairCorr
  0.85MNHYX High Yield BondPairCorr
  0.86MNMCX Pro-blend(r) ModeratePairCorr
  0.86MNMIX Pro-blend(r) ModeratePairCorr
  0.86MNMRX Pro Blend ModeratePairCorr
  0.87MNMWX Manning Napier ProPairCorr
  0.7MNOWX Manning Napier OverseasPairCorr
  0.7MNOZX Manning Napier OverseasPairCorr
  0.86EXBAX Pro-blend(r) ModeratePairCorr
  0.75EXDAX Pro-blend(r) ConservativePairCorr
  0.68EXHAX Pro-blend(r) MaximumPairCorr
  0.7EXOSX Overseas Series ClassPairCorr
  0.84MHYZX Manning Napier HighPairCorr
  0.9VVIAX Vanguard Value IndexPairCorr
  0.96DOXGX Dodge Cox StockPairCorr
  0.88AFMFX 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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