Pro-blend(r) Maximum Correlations

MNHCX Fund

USD 27.30 0.10 0.37%

The current 90-days correlation between Pro-blend(r) Maximum and American Funds Growth is 0.92 (i.e., Almost no diversification). The correlation of Pro-blend(r) Maximum 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.

Pro-blend(r) Maximum Correlation With Market

Poor diversification

The correlation between Pro Blend Maximum Term and DJI is 0.78 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pro Blend Maximum Term 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 Pro Blend Maximum Term. 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 main economic indicators.

Moving together with Pro-blend(r) Mutual Fund

0.88	CEIIX	Manning Napier Callodine	Pair Corr
0.88	CEIZX	Manning Napier Callodine	Pair Corr
0.88	CEISX	Manning Napier Callodine	Pair Corr
0.88	MNDFX	Disciplined Value Series	Pair Corr
0.69	MNHAX	High Yield Bond	Pair Corr
1.0	MNHIX	Pro-blend(r) Maximum	Pair Corr
1.0	MNHRX	Pro-blend(r) Maximum	Pair Corr
1.0	MNHWX	Manning Napier Pro	Pair Corr
0.68	MNHYX	High Yield Bond	Pair Corr
0.88	MDFSX	Disciplined Value Series	Pair Corr
0.88	MDVWX	Manning Napier Disci	Pair Corr
0.88	MDVZX	Manning Napier Disci	Pair Corr

Moving against Pro-blend(r) Mutual Fund

0.35	MNCPX	Unconstrained Bond Series	Pair Corr
0.54	MCBZX	Manning Napier Core	Pair Corr
0.54	EXCIX	Core Bond Series	Pair Corr
0.51	EXCRX	Core Bond Series	Pair Corr
0.49	MCBWX	Manning Napier Core	Pair Corr
0.4	MCDWX	Manning Napier Credit	Pair Corr
0.35	EXCPX	Unconstrained Bond Series	Pair Corr
0.31	MUBWX	Manning Napier Uncon	Pair Corr

Related Correlations Analysis

	CGRGX	FPGGX	MUTHX	FMSHX	GWPFX	GWPAX
CGRGX		1.0	0.87	0.87	1.0	1.0	CGRGX
FPGGX	1.0		0.87	0.87	1.0	1.0	FPGGX
MUTHX	0.87	0.87		1.0	0.87	0.87	MUTHX
FMSHX	0.87	0.87	1.0		0.87	0.87	FMSHX
GWPFX	1.0	1.0	0.87	0.87		1.0	GWPFX
GWPAX	1.0	1.0	0.87	0.87	1.0		GWPAX
	CGRGX	FPGGX	MUTHX	FMSHX	GWPFX	GWPAX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Pro-blend(r) Mutual Fund performing well and Pro-blend(r) Maximum 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 Pro-blend(r) Maximum'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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
CGRGX	0.60	(0.02)	(0.03)	0.11	0.83	(0.60)	1.29	(1.59)	3.73
FPGGX	0.60	(0.02)	(0.03)	0.11	0.82	(0.60)	1.29	(1.59)	3.73
MUTHX	0.51	(0.01)	(0.05)	0.12	0.38	(0.58)	0.98	(0.89)	4.02
FMSHX	0.51	(0.01)	(0.05)	0.12	0.37	(0.61)	0.99	(0.89)	4.05
GWPFX	0.60	(0.02)	(0.03)	0.11	0.83	(0.60)	1.29	(1.59)	3.73
GWPAX	0.60	(0.02)	(0.03)	0.11	0.83	(0.60)	1.29	(1.59)	3.77

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