Manning Napier Correlations

Mutual Funds . USA . 
Fund . Manning Napier Pro Blend
MNBWX Fund  USD 19.76  0.05  0.25%   
The current 90-days correlation between Manning Napier Pro and Siit Ultra Short is -0.02 (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 Pro Blend and DJI is -0.16 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Manning Napier Pro Blend 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 Pro Blend. 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

  0.89MNBAX Pro-blend(r) ExtendedPairCorr
  0.89MNBIX Pro-blend(r) ExtendedPairCorr
  0.73MNCWX Manning Napier ProPairCorr
  0.75MNDFX Disciplined Value SeriesPairCorr
  0.89MNBRX Pro-blend(r) ExtendedPairCorr
  0.68MNCCX Pro-blend(r) ConservativePairCorr
  0.65MNCIX Pro-blend(r) ConservativePairCorr
  0.66MNDWX Manning Napier DiverPairCorr
  0.89MNECX Pro-blend(r) ExtendedPairCorr
  0.75MNHCX Pro-blend(r) MaximumPairCorr
  0.71MNHAX High Yield BondPairCorr
  0.76MNHIX Pro-blend(r) MaximumPairCorr
  0.84MNHRX Pro-blend(r) MaximumPairCorr
  0.77MNHWX Manning Napier ProPairCorr
  0.88MNMCX Pro-blend(r) ModeratePairCorr
  0.87MNMIX Pro-blend(r) ModeratePairCorr
  0.88MNMRX Pro Blend ModeratePairCorr
  0.86MNMWX Manning Napier ProPairCorr
  0.64MNOWX Manning Napier OverseasPairCorr
  0.64MNOZX Manning Napier OverseasPairCorr
  0.87MDFSX Disciplined Value SeriesPairCorr
  0.87MDVWX Manning Napier DisciPairCorr
  0.94EXBAX Pro-blend(r) ModeratePairCorr
  0.66EXDAX Pro-blend(r) ConservativePairCorr
  0.64EXDVX Diversified Tax ExemptPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2024 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY