Mutual Of Correlations

MURLX Fund

14.18 0.22 1.58%

The current 90-days correlation between Mutual Of America and Real Estate Ultrasector is 0.07 (i.e., Significant 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

Significant diversification

The correlation between Mutual Of America and DJI is 0.07 (i.e., Significant 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 bureau of economic analysis.

Moving together with Mutual Mutual Fund

0.78	MAAKX	Mutual Of America	Pair Corr
0.63	MACHX	Mutual Of America	Pair Corr
0.67	MAMOX	Mutual Of America	Pair Corr
0.72	MAMVX	Mutual Of America	Pair Corr
0.61	MARMX	Mutual Of America	Pair Corr
0.66	MURHX	Mutual Of America	Pair Corr
0.65	MURGX	Mutual Of America	Pair Corr
0.69	MURNX	Mutual Of America	Pair Corr
0.69	MURQX	Mutual Of America	Pair Corr
0.69	MUROX	Mutual Of America	Pair Corr
0.61	AAGTX	American Funds 2040	Pair Corr
0.61	FAUTX	American Funds 2040	Pair Corr
0.68	FHTKX	Fidelity Freedom 2040	Pair Corr
0.68	TRHDX	T Rowe Price	Pair Corr
0.61	FPIPX	Fidelity Freedom Index	Pair Corr

Moving against Mutual Mutual Fund

0.61	USPSX	Profunds Ultrashort Steady Growth	Pair Corr
0.54	USPIX	Profunds Ultrashort Steady Growth	Pair Corr
0.45	UIPIX	Ultrashort Mid Cap	Pair Corr
0.39	TCSUX	Cleartrack 2020 Class	Pair Corr
0.35	TCTGX	Transamerica Cleartrack	Pair Corr
0.35	TDKTX	Cleartrack 2015 Class	Pair Corr
0.35	TCTJX	Transamerica Cleartrack	Pair Corr

Related Correlations Analysis

	REPIX	FREAX	BKRDX	PJEAX	VRGEX	NRSCX	PAGEX
REPIX		0.79	0.89	0.97	0.88	0.38	0.86	REPIX
FREAX	0.79		0.83	0.78	0.86	0.38	0.88	FREAX
BKRDX	0.89	0.83		0.84	0.99	0.36	0.97	BKRDX
PJEAX	0.97	0.78	0.84		0.86	0.24	0.86	PJEAX
VRGEX	0.88	0.86	0.99	0.86		0.29	0.99	VRGEX
NRSCX	0.38	0.38	0.36	0.24	0.29		0.24	NRSCX
PAGEX	0.86	0.88	0.97	0.86	0.99	0.24		PAGEX
	REPIX	FREAX	BKRDX	PJEAX	VRGEX	NRSCX	PAGEX

Click cells to compare fundamentals

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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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
REPIX	1.33	(0.03)	0.00	(0.18)	0.00	0.00	2.36	(2.92)	7.54
FREAX	0.87	(0.15)	0.00	(3.71)	0.00	0.00	1.31	(2.23)	5.60
BKRDX	0.70	(0.10)	0.00	0.41	0.00	0.00	1.26	(1.49)	4.30
PJEAX	0.83	(0.04)	0.00	(0.21)	0.00	0.00	1.57	(2.03)	4.95
VRGEX	0.69	(0.12)	0.00	0.46	0.00	0.00	1.31	(1.42)	4.60
NRSCX	0.18	0.01	0.51	0.01	0.22	(0.18)	0.31	(0.31)	1.00
PAGEX	0.70	(0.12)	0.00	0.59	0.00	0.00	1.24	(1.41)	4.50

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