Manning Napier Correlations

Mutual Funds . USA . 
Fund . Manning Napier Pro Blend
MNHWX Fund  USD 25.47  0.07  0.28%   
The current 90-days correlation between Manning Napier Pro and Rbb Fund is 0.02 (i.e., Significant 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

Very poor diversification

The correlation between Manning Napier Pro Blend and DJI is 0.87 (i.e., Very poor 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

  0.8CEIIX Manning Napier CallodinePairCorr
  0.81CEIZX Manning Napier CallodinePairCorr
  0.79CEISX Manning Napier CallodinePairCorr
  0.88MNBAX Pro-blend(r) ExtendedPairCorr
  0.88MNBIX Pro-blend(r) ExtendedPairCorr
  0.79MNDFX Disciplined Value SeriesPairCorr
  0.89MNBRX Pro-blend(r) ExtendedPairCorr
  0.86MNBWX Manning Napier ProPairCorr
  0.9MNECX Pro-blend(r) ExtendedPairCorr
  1.0MNHCX Pro-blend(r) MaximumPairCorr
  1.0MNHIX Pro-blend(r) MaximumPairCorr
  0.93MNHRX Pro-blend(r) MaximumPairCorr
  0.82MNMCX Pro-blend(r) ModeratePairCorr
  0.78MNMIX Pro-blend(r) ModeratePairCorr
  0.8MNMRX Pro Blend ModeratePairCorr
  0.75MNMWX Manning Napier ProPairCorr
  0.72MDFSX Disciplined Value SeriesPairCorr
  0.71MDVWX Manning Napier DisciPairCorr
  0.75MDVZX Manning Napier DisciPairCorr

Related Correlations Analysis

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.
High positive correlations   
FLAKQX
+ 0.76
FFCGX
FLAKQX
+ 0.67
RPBAX
FFCGX
+ 0.65
RPBAX
FVKVWX
+ 0.61
FFCGX
FVKVWX
+ 0.37
FLAKQX
RPBAX
+ 0.33
OPTCX
  
High negative correlations   
FVKVWX
- 0.17
OPTCX

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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