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 -0.07 (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 0.59 (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 board of governors.

Moving together with Mutual Mutual Fund

  0.85MAAKX Mutual Of AmericaPairCorr
  0.99MAANX Mutual Of AmericaPairCorr
  0.9MACCX Mutual Of AmericaPairCorr
  0.91MACAX Mutual Of AmericaPairCorr
  0.84MACHX Mutual Of AmericaPairCorr
  0.89MAEIX Mutual Of AmericaPairCorr
  0.76MAGKX Mutual Of AmericaPairCorr
  0.83MAMEX Mutual Of AmericaPairCorr
  0.96MAMOX Mutual Of AmericaPairCorr
  0.81MASOX Mutual Of AmericaPairCorr
  0.86MARMX Mutual Of AmericaPairCorr
  0.86MAVKX Mutual Of AmericaPairCorr
  0.87MURFX Mutual Of AmericaPairCorr
  0.98MURIX Mutual Of AmericaPairCorr
  0.94MURHX Mutual Of AmericaPairCorr
  0.93MURGX Mutual Of AmericaPairCorr
  0.98MURMX Mutual Of AmericaPairCorr
  0.92MURLX Mutual Of AmericaPairCorr
  0.97MURQX Mutual Of AmericaPairCorr
  1.0MURPX Mutual Of AmericaPairCorr
  1.0MUROX Mutual Of AmericaPairCorr
  0.88VFIFX Vanguard Target RetiPairCorr
  0.95AALTX American Funds 2050PairCorr
  0.95CCITX American Funds 2050PairCorr
  0.95FAITX American Funds 2050PairCorr
  0.89FFFHX Fidelity Freedom 2050PairCorr
  0.89FZTKX Fidelity Freedom 2050PairCorr
  0.85FRLPX Fidelity Freedom IndexPairCorr
  0.91TRJLX T Rowe PricePairCorr
  0.86FIPFX Fidelity Freedom IndexPairCorr
  0.84VTSAX Vanguard Total StockPairCorr
  0.83VFIAX Vanguard 500 IndexPairCorr
  0.84VTSMX Vanguard Total StockPairCorr
  0.84VSMPX Vanguard Total StockPairCorr

Moving against Mutual Mutual Fund

  0.35PBKIX Polen Bank Loan TrendingPairCorr

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.