Manning Napier Correlations

Mutual Funds . USA . 
Fund . Manning Napier Diversified
MNDWX Fund  USD 10.33  0.02  0.19%   
The current 90-days correlation between Manning Napier Diver and Barings Global Floating is 0.2 (i.e., Modest 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

Significant diversification

The correlation between Manning Napier Diversified and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Manning Napier Diversified 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 Diversified. 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

  0.82MNCPX Unconstrained Bond SeriesPairCorr
  0.82MNCRX Pro-blend(r) ConservativePairCorr
  0.82MNCCX Pro-blend(r) ConservativePairCorr
  0.83MNCIX Pro-blend(r) ConservativePairCorr
  0.8MNHYX High Yield BondPairCorr
  0.62MNMCX Pro-blend(r) ModeratePairCorr
  0.65MNMIX Pro-blend(r) ModeratePairCorr
  0.64MNMRX Pro Blend ModeratePairCorr
  0.67MNMWX Manning Napier ProPairCorr
  0.77MNOWX Manning Napier OverseasPairCorr
  0.77MNOZX Manning Napier OverseasPairCorr
  0.61RAIIX Rainier InternationalPairCorr
  0.62RAIRX Rainier InternationalPairCorr
  0.63RAIWX Manning Napier RainierPairCorr
  0.82MUBWX Manning Napier UnconPairCorr
  0.65EXBAX Pro-blend(r) ModeratePairCorr
  0.8EXCPX Unconstrained Bond SeriesPairCorr
  0.81EXCIX Core Bond SeriesPairCorr
  0.82EXDAX Pro-blend(r) ConservativePairCorr
  0.81EXCRX Core Bond SeriesPairCorr
  0.77EXOSX Overseas Series ClassPairCorr
  0.61RISAX Rainier InternationalPairCorr
  0.8MHYZX Manning Napier HighPairCorr
  0.94VWITX Vanguard Intermediate-terPairCorr
  0.94VWIUX Vanguard Intermediate-terPairCorr
  0.91AFTEX Tax Exempt BondPairCorr
  0.91AFTFX Tax Exempt BondPairCorr
  0.89TEBCX Tax Exempt BondPairCorr
  0.91TEAFX Tax Exempt BondPairCorr
  0.91TFEBX Tax Exempt BondPairCorr
  0.94FLTMX Fidelity IntermediatePairCorr

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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