Pro-blend(r) Maximum Correlations

MNHIX Fund

USD 25.17 0.29 1.17%

The current 90-days correlation between Pro-blend(r) Maximum and Pro Blend Extended Term is -0.06 (i.e., Good 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.

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 gross domestic product.

Moving together with PRO-BLEND(R) Mutual Fund

0.82	CEIIX	Manning Napier Callodine	Pair Corr
0.84	CEIZX	Manning Napier Callodine	Pair Corr
0.81	CEISX	Manning Napier Callodine	Pair Corr
0.77	MNBAX	Pro-blend(r) Extended	Pair Corr
0.78	MNBIX	Pro-blend(r) Extended	Pair Corr
0.77	MNDFX	Disciplined Value Series	Pair Corr
0.79	MNBRX	Pro-blend(r) Extended	Pair Corr
0.85	MNBWX	Manning Napier Pro	Pair Corr
0.8	MNECX	Pro-blend(r) Extended	Pair Corr
1.0	MNHCX	Pro-blend(r) Maximum	Pair Corr
0.92	MNHRX	Pro-blend(r) Maximum	Pair Corr
1.0	MNHWX	Manning Napier Pro	Pair Corr
0.8	MNMCX	Pro-blend(r) Moderate	Pair Corr
0.68	MNMIX	Pro-blend(r) Moderate	Pair Corr
0.69	MNMRX	Pro Blend Moderate	Pair Corr
0.65	MNMWX	Manning Napier Pro	Pair Corr
0.74	MDFSX	Disciplined Value Series	Pair Corr
0.72	MDVWX	Manning Napier Disci	Pair Corr
0.76	MDVZX	Manning Napier Disci	Pair Corr

Related Correlations Analysis

	MNBIX	MNMIX	MNCIX	MNHRX	MNHCX
MNBIX		0.98	0.77	0.86	0.76	MNBIX
MNMIX	0.98		0.87	0.76	0.66	MNMIX
MNCIX	0.77	0.87		0.34	0.24	MNCIX
MNHRX	0.86	0.76	0.34		0.92	MNHRX
MNHCX	0.76	0.66	0.24	0.92		MNHCX
	MNBIX	MNMIX	MNCIX	MNHRX	MNHCX

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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
MNBIX	0.40	0.01	0.06	(0.02)	0.46	(0.45)	0.87	(0.81)	2.48
MNMIX	0.32	0.01	0.09	0.00	0.34	(0.40)	0.77	(0.62)	1.99
MNCIX	0.20	0.02	0.21	0.11	0.13	(0.27)	0.39	(0.38)	1.32
MNHRX	0.59	(0.03)	0.00	(0.09)	0.00	0.00	1.27	(1.21)	3.82
MNHCX	0.60	(0.04)	0.00	14.47	0.00	0.00	1.27	(1.22)	3.80

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Pro-blend(r) Maximum Correlations

Moving together with PRO-BLEND(R) Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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