Pro-blend(r) Moderate Correlations

Mutual Funds USA . 
Fund . Pro Blend Moderate Term
MNMCX Fund  USD 14.37  0.05  0.35%   
The current 90-days correlation between Pro-blend(r) Moderate and Dfa Inflation Protected is 0.03 (i.e., Significant diversification). The correlation of Pro-blend(r) Moderate 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) Moderate Correlation With Market

Poor diversification

The correlation between Pro Blend Moderate Term and DJI is 0.61 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pro Blend Moderate 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 Moderate 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

  0.99MNBAX Pro-blend(r) ExtendedPairCorr
  0.99MNBIX Pro-blend(r) ExtendedPairCorr
  0.79MNCRX Pro-blend(r) ConservativePairCorr
  0.78MNCWX Manning Napier ProPairCorr
  0.86MNDFX Disciplined Value SeriesPairCorr
  0.99MNBRX Pro-blend(r) ExtendedPairCorr
  0.99MNBWX Manning Napier ProPairCorr
  0.8MNCCX Pro-blend(r) ConservativePairCorr
  0.78MNCIX Pro-blend(r) ConservativePairCorr
  0.62MNDWX Manning Napier DiverPairCorr
  0.99MNECX Pro-blend(r) ExtendedPairCorr
  0.79MNHCX Pro-blend(r) MaximumPairCorr
  0.84MNHAX High Yield BondPairCorr
  0.8MNHIX Pro-blend(r) MaximumPairCorr
  0.8MNHRX Pro-blend(r) MaximumPairCorr
  0.82MNHWX Manning Napier ProPairCorr
  0.85MNHYX High Yield BondPairCorr
  1.0MNMIX Pro-blend(r) ModeratePairCorr
  1.0MNMRX Pro Blend ModeratePairCorr
  0.99MNMWX Manning Napier ProPairCorr
  0.79MNOSX Manning Napier OverseasPairCorr
  0.78MNOWX Manning Napier OverseasPairCorr
  0.79MNOZX Manning Napier OverseasPairCorr
  0.75RAIIX Rainier InternationalPairCorr
  0.75RAIRX Rainier InternationalPairCorr
  0.75RAIWX Manning Napier RainierPairCorr
  0.86MDFSX Disciplined Value SeriesPairCorr
  0.86MDVWX Manning Napier DisciPairCorr
  0.86MDVZX Manning Napier DisciPairCorr

Related Correlations Analysis

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) Moderate 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) Moderate'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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