Mutual Of Correlations

Mutual Funds . USA . 
Fund . Mutual Of America
MURHX Fund   12.11  0.11  0.92%   
The current 90-days correlation between Mutual Of America and Barings Emerging Markets is -0.01 (i.e., Good 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

Very weak diversification

The correlation between Mutual Of America and DJI is 0.45 (i.e., Very 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 rate.

Moving together with Mutual Mutual Fund

  0.79MAAKX Mutual Of AmericaPairCorr
  0.95MAANX Mutual Of AmericaPairCorr
  0.73MACCX Mutual Of AmericaPairCorr
  0.95MACAX Mutual Of AmericaPairCorr
  0.84MACHX Mutual Of AmericaPairCorr
  0.79MAEIX Mutual Of AmericaPairCorr
  0.73MAMEX Mutual Of AmericaPairCorr
  1.0MAMOX Mutual Of AmericaPairCorr
  0.61MAMVX Mutual Of AmericaPairCorr
  0.68MASOX Mutual Of AmericaPairCorr
  0.93MARMX Mutual Of AmericaPairCorr
  0.78MAVKX Mutual Of AmericaPairCorr
  0.98MURFX Mutual Of AmericaPairCorr
  0.9MURJX Mutual Of AmericaPairCorr
  0.99MURIX Mutual Of AmericaPairCorr
  0.99MURGX Mutual Of AmericaPairCorr
  0.94MURNX Mutual Of AmericaPairCorr
  0.98MURMX Mutual Of AmericaPairCorr
  0.9MURLX Mutual Of AmericaPairCorr
  0.86MURQX Mutual Of AmericaPairCorr
  0.8MURPX Mutual Of AmericaPairCorr
  0.94MUROX Mutual Of AmericaPairCorr
  0.79VTTVX Vanguard Target RetiPairCorr
  0.88AADTX American Funds 2025PairCorr
  0.89CCDTX American Funds 2025PairCorr
  0.89FAPTX American Funds 2025PairCorr
  0.84FSNPX Fidelity Freedom 2025PairCorr
  0.87FFTWX Fidelity Freedom 2025PairCorr
  0.87FDTKX Fidelity Freedom 2025PairCorr
  0.95TREHX T Rowe PricePairCorr
  0.96PARJX T Rowe PricePairCorr

Moving against Mutual Mutual Fund

  0.59UIPIX Ultrashort Mid CapPairCorr
  0.5USPSX Profunds Ultrashort Steady GrowthPairCorr
  0.48USPIX Profunds Ultrashort Steady GrowthPairCorr

Related Correlations Analysis

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.

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