Mutual Of Correlations

Mutual Funds . USA . 
Fund . Mutual Of America
MURMX Fund   14.01  0.24  1.74%   
The current 90-days correlation between Mutual Of America and Auer Growth Fund is 0.29 (i.e., Modest 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 0.5 (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 population.

Moving together with Mutual Mutual Fund

  0.99MAANX Mutual Of AmericaPairCorr
  0.84MACCX Mutual Of AmericaPairCorr
  0.9MACAX Mutual Of AmericaPairCorr
  0.72MAGKX Mutual Of AmericaPairCorr
  0.83MAMEX Mutual Of AmericaPairCorr
  0.87MAVKX Mutual Of AmericaPairCorr
  0.94MURFX Mutual Of AmericaPairCorr
  1.0MURJX Mutual Of AmericaPairCorr
  0.99MURIX Mutual Of AmericaPairCorr
  0.95MURGX Mutual Of AmericaPairCorr
  0.97MURPX Mutual Of AmericaPairCorr
  0.79VTIVX Vanguard Target RetiPairCorr
  0.9AAHTX American Funds 2045PairCorr
  0.91CCHTX American Funds 2045PairCorr
  0.9FATTX American Funds 2045PairCorr
  0.82FFFGX Fidelity Freedom 2045PairCorr
  0.81FJTKX Fidelity Freedom 2045PairCorr
  0.77FQIPX Fidelity Freedom IndexPairCorr
  0.77FIOFX Fidelity Freedom IndexPairCorr
  0.77FFOLX Fidelity Freedom IndexPairCorr

Moving against Mutual Mutual Fund

  0.74UIPIX Ultrashort Mid CapPairCorr
  0.65USPSX Profunds Ultrashort Steady GrowthPairCorr
  0.61USPIX Profunds Ultrashort Steady GrowthPairCorr
  0.32FTCAX Templeton Strained BondPairCorr

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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