Manning Napier Correlations

Mutual Funds . USA . 
Fund . Manning Napier Overseas
MNOSX Fund  USD 34.52  0.16  0.47%   
The current 90-days correlation between Manning Napier Overseas and Fidelity Advisor Utilities is 0.34 (i.e., Weak 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 weak diversification

The correlation between Manning Napier Overseas and DJI is 0.51 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Manning Napier Overseas 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 Overseas. 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 state.

Moving together with Manning Mutual Fund

  0.74MNBAX Pro-blend(r) ExtendedPairCorr
  0.74MNBIX Pro-blend(r) ExtendedPairCorr
  0.85MNCPX Unconstrained Bond SeriesPairCorr
  0.9MNCRX Pro-blend(r) ConservativePairCorr
  0.92MNCWX Manning Napier ProPairCorr
  0.7MNDFX Disciplined Value SeriesPairCorr
  0.73MNBRX Pro-blend(r) ExtendedPairCorr
  0.76MNBWX Manning Napier ProPairCorr
  0.89MNCCX Pro-blend(r) ConservativePairCorr
  0.91MNCIX Pro-blend(r) ConservativePairCorr
  0.77MNDWX Manning Napier DiverPairCorr
  0.71MNECX Pro-blend(r) ExtendedPairCorr
  0.89MNHAX High Yield BondPairCorr
  0.88MNHYX High Yield BondPairCorr
  0.79MNMCX Pro-blend(r) ModeratePairCorr
  0.82MNMIX Pro-blend(r) ModeratePairCorr
  0.81MNMRX Pro Blend ModeratePairCorr
  0.85MNMWX Manning Napier ProPairCorr
  1.0MNOWX Manning Napier OverseasPairCorr
  1.0MNOZX Manning Napier OverseasPairCorr
  0.88RAIIX Rainier InternationalPairCorr
  0.88RAIRX Rainier InternationalPairCorr
  0.89RAIWX Manning Napier RainierPairCorr
  0.79MCDIX Manning Napier CreditPairCorr
  0.78MCBWX Manning Napier CorePairCorr
  0.8MCBZX Manning Napier CorePairCorr
  0.8MCDSX Manning Napier CreditPairCorr
  0.8MCDWX Manning Napier CreditPairCorr
  0.86MUBWX Manning Napier UnconPairCorr
  0.69MDFSX Disciplined Value SeriesPairCorr
  0.71MDVWX Manning Napier DisciPairCorr
  0.7MDVZX Manning Napier DisciPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2024 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY