Manning Napier Correlations

Mutual Funds . USA . 
Fund . Manning Napier Unconstrained
MUBWX Fund  USD 9.91  0.01  0.10%   
The current 90-days correlation between Manning Napier Uncon and Pgim Conservative Retirement is 0.22 (i.e., Modest 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

Significant diversification

The correlation between Manning Napier Unconstrained and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Manning Napier Unconstrained 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 Unconstrained. 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

  0.99MNCPX Unconstrained Bond SeriesPairCorr
  0.85MNCRX Pro-blend(r) ConservativePairCorr
  0.87MNCIX Pro-blend(r) ConservativePairCorr
  0.79MNDWX Manning Napier DiverPairCorr
  0.72RAIRX Rainier InternationalPairCorr
  0.73RAIWX Manning Napier RainierPairCorr
  0.99EXCPX Unconstrained Bond SeriesPairCorr
  0.98EXCIX Core Bond SeriesPairCorr
  0.86EXDAX Pro-blend(r) ConservativePairCorr
  0.97EXCRX Core Bond SeriesPairCorr
  0.77MHYZX Manning Napier HighPairCorr
  0.96BSIKX Blackrock StrategicPairCorr
  0.95BSICX Blackrock Strategic OppsPairCorr
  0.95BASIX Blackrock Strategic OppsPairCorr
  0.96BSIIX Blackrock StrategicPairCorr
  0.94JSORX Jpmorgan Strategic IncomePairCorr
  0.95JSOZX Jpmorgan Strategic IncomePairCorr
  0.91JSOCX Jpmorgan Strategic IncomePairCorr
  0.94JSOSX Jpmorgan Strategic IncomePairCorr
  0.93JSOAX Jpmorgan Strategic IncomePairCorr
  0.98PMZCX Pimco Mortgage OpporPairCorr
  0.93VGTSX Vanguard Total InterPairCorr

Moving against Manning Mutual Fund

  0.56EXEYX Equity Series ClassPairCorr
  0.51VSMPX Vanguard Total StockPairCorr
  0.51VSTSX Vanguard Total StockPairCorr
  0.51VITSX Vanguard Total StockPairCorr
  0.49VTSMX Vanguard Total StockPairCorr
  0.48VTSAX Vanguard Total StockPairCorr
  0.48VFFSX Vanguard 500 IndexPairCorr
  0.45VFIAX Vanguard 500 IndexPairCorr
  0.45VFINX Vanguard 500 IndexPairCorr

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.

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