Mutual Of Correlations

Mutual Funds . USA . 
Fund . Mutual Of America
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

  0.73MAAKX Mutual Of AmericaPairCorr
  0.89MAANX Mutual Of AmericaPairCorr
  0.62MACCX Mutual Of AmericaPairCorr
  0.9MACAX Mutual Of AmericaPairCorr
  0.8MACHX Mutual Of AmericaPairCorr
  0.72MAEIX Mutual Of AmericaPairCorr
  0.67MAMEX Mutual Of AmericaPairCorr
  0.97MAMOX Mutual Of AmericaPairCorr
  0.61MASOX Mutual Of AmericaPairCorr
  0.9MARMX Mutual Of AmericaPairCorr
  0.73MAVKX Mutual Of AmericaPairCorr
  0.96MURIX Mutual Of AmericaPairCorr
  0.98MURHX Mutual Of AmericaPairCorr
  0.97MURGX Mutual Of AmericaPairCorr
  0.87MURNX Mutual Of AmericaPairCorr
  0.94MURMX Mutual Of AmericaPairCorr
  0.85MURLX Mutual Of AmericaPairCorr
  0.75MURQX Mutual Of AmericaPairCorr
  0.84MURPX Mutual Of AmericaPairCorr
  0.87MUROX Mutual Of AmericaPairCorr
  0.75FSNLX Fidelity Freedom 2015PairCorr
  0.88PARHX T Rowe PricePairCorr
  0.89RRTMX T Rowe PricePairCorr
  0.74FFVFX Fidelity Freedom 2015PairCorr
  0.74FPTKX Fidelity Freedom 2015PairCorr
  0.84AABTX American Funds 2015PairCorr
  0.86CCBTX American Funds 2015PairCorr
  0.84FAKTX American Funds 2015PairCorr

Related Correlations Analysis

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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.

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