Pro-blend(r) Maximum Correlations
| MNHRX Fund | USD 25.11 0.29 1.17% |
The current 90-days correlation between Pro-blend(r) Maximum and Diversified Bond Fund is 0.21 (i.e., Modest 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.
Pro-blend(r) |
Moving together with Pro-blend(r) Mutual Fund
| 0.84 | CEIIX | Manning Napier Callodine | PairCorr |
| 0.76 | CEIZX | Manning Napier Callodine | PairCorr |
| 0.83 | CEISX | Manning Napier Callodine | PairCorr |
| 0.84 | MNBAX | Pro-blend(r) Extended | PairCorr |
| 0.86 | MNBIX | Pro-blend(r) Extended | PairCorr |
| 0.72 | MNDFX | Disciplined Value Series | PairCorr |
| 0.87 | MNBRX | Pro-blend(r) Extended | PairCorr |
| 0.81 | MNBWX | Manning Napier Pro | PairCorr |
| 0.88 | MNECX | Pro-blend(r) Extended | PairCorr |
| 0.92 | MNHCX | Pro-blend(r) Maximum | PairCorr |
| 0.92 | MNHIX | Pro-blend(r) Maximum | PairCorr |
| 0.92 | MNHWX | Manning Napier Pro | PairCorr |
| 0.77 | MNMCX | Pro-blend(r) Moderate | PairCorr |
| 0.76 | MNMIX | Pro-blend(r) Moderate | PairCorr |
| 0.77 | MNMRX | Pro Blend Moderate | PairCorr |
| 0.73 | MNMWX | Manning Napier Pro | PairCorr |
| 0.77 | MDFSX | Disciplined Value Series | PairCorr |
| 0.76 | MDVWX | Manning Napier Disci | PairCorr |
| 0.72 | MDVZX | Manning Napier Disci | PairCorr |
Related Correlations Analysis
| 0.88 | 0.85 | 0.93 | 0.96 | 0.67 | ACBPX | ||
| 0.88 | 0.86 | 0.92 | 0.93 | 0.86 | HIIDX | ||
| 0.85 | 0.86 | 0.81 | 0.89 | 0.64 | GPICX | ||
| 0.93 | 0.92 | 0.81 | 0.9 | 0.73 | EIIMX | ||
| 0.96 | 0.93 | 0.89 | 0.9 | 0.79 | DIFIX | ||
| 0.67 | 0.86 | 0.64 | 0.73 | 0.79 | OIDAX | ||
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ACBPX | 0.25 | 0.01 | 0.15 | 0.29 | 0.23 | 0.56 | 1.23 | |||
| HIIDX | 0.62 | 0.08 | 0.10 | 0.10 | 0.82 | 1.27 | 5.23 | |||
| GPICX | 0.04 | 0.00 | 0.00 | 0.05 | 0.00 | 0.10 | 0.41 | |||
| EIIMX | 0.31 | 0.02 | 0.16 | (0.30) | 0.28 | 0.63 | 1.91 | |||
| DIFIX | 0.28 | 0.01 | 0.10 | 0.03 | 0.35 | 0.58 | 1.51 | |||
| OIDAX | 0.71 | (0.02) | 0.00 | (0.09) | 0.00 | 1.42 | 5.03 |