Mutual Of Correlations

MURJX Fund

14.42 0.14 0.98%

The current 90-days correlation between Mutual Of America and Mutual Of America is 0.44 (i.e., Very weak 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

Modest diversification

The correlation between Mutual Of America and DJI is 0.24 (i.e., Modest 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 inflation.

Moving together with Mutual Mutual Fund

0.82	MABDX	Mutual Of America	Pair Corr
0.87	MAAKX	Mutual Of America	Pair Corr
0.99	MAANX	Mutual Of America	Pair Corr
0.84	MACCX	Mutual Of America	Pair Corr
0.96	MACAX	Mutual Of America	Pair Corr
0.86	MACHX	Mutual Of America	Pair Corr
0.89	MAEIX	Mutual Of America	Pair Corr
0.75	MAGKX	Mutual Of America	Pair Corr
0.62	MAIFX	Mutual Of America	Pair Corr
0.65	MAMBX	Mutual Of America	Pair Corr
0.88	MAMEX	Mutual Of America	Pair Corr
1.0	MAMOX	Mutual Of America	Pair Corr
0.87	MAMVX	Mutual Of America	Pair Corr
0.88	MASOX	Mutual Of America	Pair Corr
0.95	MARMX	Mutual Of America	Pair Corr
0.89	MAVKX	Mutual Of America	Pair Corr
0.99	MURFX	Mutual Of America	Pair Corr
1.0	MURIX	Mutual Of America	Pair Corr
1.0	MURHX	Mutual Of America	Pair Corr
0.99	MURGX	Mutual Of America	Pair Corr
0.98	MURNX	Mutual Of America	Pair Corr
1.0	MURMX	Mutual Of America	Pair Corr
1.0	MURLX	Mutual Of America	Pair Corr
0.9	MURQX	Mutual Of America	Pair Corr
0.97	MURPX	Mutual Of America	Pair Corr
0.98	MUROX	Mutual Of America	Pair Corr
0.88	VTTHX	Vanguard Target Reti	Pair Corr
0.93	AAFTX	American Funds 2035	Pair Corr
0.93	FAQTX	American Funds 2035	Pair Corr
0.93	CCFTX	American Funds 2035	Pair Corr
0.92	FFTHX	Fidelity Freedom 2035	Pair Corr
0.92	FWTKX	Fidelity Freedom 2035	Pair Corr
0.92	FSNUX	Fidelity Freedom 2035	Pair Corr
0.96	TRFJX	T Rowe Price	Pair Corr
0.88	FNIPX	Fidelity Freedom Index	Pair Corr
0.66	TCTGX	Transamerica Cleartrack	Pair Corr
0.66	TDKTX	Cleartrack 2015 Class	Pair Corr
0.66	TCTJX	Transamerica Cleartrack	Pair Corr

Moving against Mutual Mutual Fund

0.79	UIPIX	Ultrashort Mid Cap	Pair Corr
0.31	FTCAX	Templeton Strained Bond	Pair Corr

Related Correlations Analysis

	MABDX	MAAKX	MAANX	MACCX	MACAX	MACHX	MAEIX	MAGKX	MAIFX	MAMBX
MABDX		0.71	0.79	0.61	0.86	0.74	0.74	0.49	0.8	0.93	MABDX
MAAKX	0.71		0.86	0.81	0.79	1.0	0.99	0.72	0.5	0.48	MAAKX
MAANX	0.79	0.86		0.88	0.97	0.85	0.88	0.83	0.57	0.62	MAANX
MACCX	0.61	0.81	0.88		0.89	0.8	0.86	0.92	0.31	0.48	MACCX
MACAX	0.86	0.79	0.97	0.89		0.79	0.84	0.8	0.63	0.76	MACAX
MACHX	0.74	1.0	0.85	0.8	0.79		0.99	0.68	0.54	0.52	MACHX
MAEIX	0.74	0.99	0.88	0.86	0.84	0.99		0.74	0.52	0.52	MAEIX
MAGKX	0.49	0.72	0.83	0.92	0.8	0.68	0.74		0.21	0.36	MAGKX
MAIFX	0.8	0.5	0.57	0.31	0.63	0.54	0.52	0.21		0.81	MAIFX
MAMBX	0.93	0.48	0.62	0.48	0.76	0.52	0.52	0.36	0.81		MAMBX
	MABDX	MAAKX	MAANX	MACCX	MACAX	MACHX	MAEIX	MAGKX	MAIFX	MAMBX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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
MABDX	0.25	(0.04)	0.00	(0.44)	0.00	0.00	0.49	(0.65)	1.56
MAAKX	0.74	(0.07)	0.00	(0.14)	0.00	0.00	1.26	(1.51)	12.02
MAANX	0.56	(0.02)	0.00	(0.05)	0.00	0.00	1.04	(1.23)	5.18
MACCX	0.64	0.02	0.00	0.07	1.03	(0.66)	1.20	(1.50)	6.10
MACAX	0.29	(0.02)	0.00	(0.09)	0.00	0.00	0.52	(0.69)	2.05
MACHX	0.48	(0.06)	0.00	(0.18)	0.00	0.00	0.85	(0.84)	7.75
MAEIX	0.68	(0.05)	0.00	(0.10)	0.00	0.00	1.22	(1.52)	9.36
MAGKX	0.93	0.05	0.04	0.11	1.06	(1.10)	1.75	(1.65)	9.22
MAIFX	0.58	(0.03)	0.00	(0.07)	0.00	0.00	1.08	(1.28)	3.43
MAMBX	0.14	(0.02)	0.00	(0.39)	0.00	0.00	0.31	(0.42)	0.94

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