Mutual Of Correlations

MURNX Fund   18.19  0.32  1.79%   
The current 90-days correlation between Mutual Of America and T Rowe Price is -0.05 (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

Poor diversification

The correlation between Mutual Of America and DJI is 0.6 (i.e., Poor 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 board of governors.

Moving together with Mutual Mutual Fund

  0.64MAAKX Mutual Of AmericaPairCorr
  0.88MACHX Mutual Of AmericaPairCorr
  0.89MAEIX Mutual Of AmericaPairCorr
  0.95MAMOX Mutual Of AmericaPairCorr
  0.71MASOX Mutual Of AmericaPairCorr
  0.8MARMX Mutual Of AmericaPairCorr
  0.92MURHX Mutual Of AmericaPairCorr
  0.69MURLX Mutual Of AmericaPairCorr
  0.98MURQX Mutual Of AmericaPairCorr
  1.0MUROX Mutual Of AmericaPairCorr
  0.93TRJLX T Rowe PricePairCorr

Related Correlations Analysis

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.
High positive correlations   
NHIEXPRHYX
NHIEXFPIOX
NHIEXTUHIX
FPIOXPRHYX
PYRLXFPIOX
FPIOXTUHIX
  
High negative correlations   
RYIHXFPIOX
PYRLXRYIHX
RYIHXPRHYX
NHIEXRYIHX
RYIHXPBHAX
RYIHXTUHIX

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.