Mutual Of Correlations

MURFX Fund

8.70 0.05 0.58%

The current 90-days correlation between Mutual Of America and Intermediate Government Bond is 0.17 (i.e., Average diversification). The correlation of Mutual Of 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.

Mutual Of Correlation With Market

Weak diversification

The correlation between Mutual Of America and DJI is 0.34 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mutual Of America 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 Mutual Of America. 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 census.

Moving together with Mutual Mutual Fund

0.89	MAANX	Mutual Of America	Pair Corr
0.62	MACCX	Mutual Of America	Pair Corr
0.9	MACAX	Mutual Of America	Pair Corr
0.67	MAMEX	Mutual Of America	Pair Corr
0.73	MAVKX	Mutual Of America	Pair Corr
0.95	MURJX	Mutual Of America	Pair Corr
0.96	MURIX	Mutual Of America	Pair Corr
0.97	MURGX	Mutual Of America	Pair Corr
0.94	MURMX	Mutual Of America	Pair Corr
0.84	MURPX	Mutual Of America	Pair Corr
0.75	FSNLX	Fidelity Freedom 2015	Pair Corr
0.88	PARHX	T Rowe Price	Pair Corr
0.89	RRTMX	T Rowe Price	Pair Corr
0.74	FFVFX	Fidelity Freedom 2015	Pair Corr
0.74	FPTKX	Fidelity Freedom 2015	Pair Corr
0.84	AABTX	American Funds 2015	Pair Corr
0.86	CCBTX	American Funds 2015	Pair Corr
0.84	FAKTX	American Funds 2015	Pair Corr

Moving against Mutual Mutual Fund

0.39	MASOX	Mutual Of America	Pair Corr
0.31	MAAKX	Mutual Of America	Pair Corr
0.31	MAEIX	Mutual Of America	Pair Corr

Related Correlations Analysis

	DPIGX	RFBAX	UGSDX	ASGHX	SWGXX	VSIGX	PYUSX
DPIGX		0.97	0.79	0.99	0.54	0.88	0.95	DPIGX
RFBAX	0.97		0.76	0.97	0.52	0.88	0.89	RFBAX
UGSDX	0.79	0.76		0.84	0.81	0.54	0.66	UGSDX
ASGHX	0.99	0.97	0.84		0.58	0.85	0.93	ASGHX
SWGXX	0.54	0.52	0.81	0.58		0.21	0.4	SWGXX
VSIGX	0.88	0.88	0.54	0.85	0.21		0.93	VSIGX
PYUSX	0.95	0.89	0.66	0.93	0.4	0.93		PYUSX
	DPIGX	RFBAX	UGSDX	ASGHX	SWGXX	VSIGX	PYUSX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Mutual Mutual Fund performing well and Mutual Of 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 Mutual Of'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
DPIGX	0.08	0.00	1.24	(0.33)	0.00	(0.14)	0.21	(0.11)	0.53
RFBAX	0.09	0.01	0.72	(0.87)	0.00	(0.24)	0.20	(0.20)	0.59
UGSDX	0.03	0.00	0.00	(0.23)	0.00	0.00	0.00	0.00	0.52
ASGHX	0.08	0.00	1.08	(0.22)	0.00	(0.16)	0.22	(0.11)	0.56
SWGXX	0.03	0.01	0.00	3.79	0.00	0.00	0.00	0.00	1.01
VSIGX	0.21	0.01	0.60	0.36	0.17	(0.28)	0.46	(0.40)	1.24
PYUSX	0.11	0.00	0.86	0.09	0.08	(0.16)	0.21	(0.21)	0.64

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