Mutual Of Correlations

MURQX Fund

13.26 0.14 1.07%

The current 90-days correlation between Mutual Of America and Vanguard Target Retirement is 0.81 (i.e., Very poor 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

Average diversification

The correlation between Mutual Of America and DJI is 0.1 (i.e., Average 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 producer price index.

Moving together with Mutual Mutual Fund

0.77	MAAKX	Mutual Of America	Pair Corr
0.95	MAANX	Mutual Of America	Pair Corr
0.87	MACCX	Mutual Of America	Pair Corr
0.88	MACAX	Mutual Of America	Pair Corr
0.8	MAEIX	Mutual Of America	Pair Corr
0.86	MAGKX	Mutual Of America	Pair Corr
0.82	MAMEX	Mutual Of America	Pair Corr
0.87	MAMOX	Mutual Of America	Pair Corr
0.65	MAMVX	Mutual Of America	Pair Corr
0.78	MASOX	Mutual Of America	Pair Corr
0.84	MARMX	Mutual Of America	Pair Corr
0.86	MAVKX	Mutual Of America	Pair Corr
0.76	MURFX	Mutual Of America	Pair Corr
0.91	MURJX	Mutual Of America	Pair Corr
0.91	MURIX	Mutual Of America	Pair Corr
0.87	MURHX	Mutual Of America	Pair Corr
0.86	MURGX	Mutual Of America	Pair Corr
0.97	MURNX	Mutual Of America	Pair Corr
0.93	MURMX	Mutual Of America	Pair Corr
0.92	MURLX	Mutual Of America	Pair Corr
0.99	MURPX	Mutual Of America	Pair Corr
0.9	VLXVX	Vanguard Target Reti	Pair Corr
0.88	FBMTX	American Funds 2065	Pair Corr
0.88	RCPTX	American Funds 2065	Pair Corr
0.88	FAXTX	American Funds 2065	Pair Corr
0.88	RBEOX	American Funds 2065	Pair Corr
0.88	AAOTX	American Funds 2065	Pair Corr
0.88	RDLTX	American Funds 2065	Pair Corr
0.88	RHLTX	American Funds 2065	Pair Corr
0.88	RFVTX	American Funds 2065	Pair Corr
0.89	RBOTX	American Funds 2065	Pair Corr
0.67	VTSAX	Vanguard Total Stock	Pair Corr
0.64	VFIAX	Vanguard 500 Index	Pair Corr
0.7	VTSMX	Vanguard Total Stock	Pair Corr
0.7	VSMPX	Vanguard Total Stock	Pair Corr

Related Correlations Analysis

	VLXVX	AQUI	LBHIX	MSTSX	ABHYX	SCAXF	VIASP	RRTLX	OSHDF	JRBEX
VLXVX		0.44	0.71	0.64	0.57	0.1	-0.13	0.73	-0.33	0.94	VLXVX
AQUI	0.44		0.56	0.93	0.5	0.56	-0.67	0.85	-0.78	0.54	AQUI
LBHIX	0.71	0.56		0.65	0.83	0.02	-0.21	0.79	-0.44	0.71	LBHIX
MSTSX	0.64	0.93	0.65		0.63	0.63	-0.73	0.94	-0.85	0.73	MSTSX
ABHYX	0.57	0.5	0.83	0.63		0.11	-0.36	0.73	-0.47	0.65	ABHYX
SCAXF	0.1	0.56	0.02	0.63	0.11		-0.9	0.42	-0.8	0.24	SCAXF
VIASP	-0.13	-0.67	-0.21	-0.73	-0.36	-0.9		-0.59	0.91	-0.3	VIASP
RRTLX	0.73	0.85	0.79	0.94	0.73	0.42	-0.59		-0.77	0.78	RRTLX
OSHDF	-0.33	-0.78	-0.44	-0.85	-0.47	-0.8	0.91	-0.77		-0.45	OSHDF
JRBEX	0.94	0.54	0.71	0.73	0.65	0.24	-0.3	0.78	-0.45		JRBEX
	VLXVX	AQUI	LBHIX	MSTSX	ABHYX	SCAXF	VIASP	RRTLX	OSHDF	JRBEX

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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

JRBEX	+ 0.94	VLXVX
RRTLX	+ 0.94	MSTSX
MSTSX	+ 0.93	AQUI
OSHDF	+ 0.91	VIASP
RRTLX	+ 0.85	AQUI
ABHYX	+ 0.83	LBHIX

High negative correlations

VIASP	- 0.9	SCAXF
OSHDF	- 0.85	MSTSX
OSHDF	- 0.8	SCAXF
OSHDF	- 0.78	AQUI
OSHDF	- 0.77	RRTLX
VIASP	- 0.73	MSTSX

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	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
VLXVX	0.48	(0.04)	0.00	(0.23)	0.00	0.89	(0.91)	3.88
AQUI	2.79	(1.40)	0.00	0.74	0.00	0.00	0.00	93.33
LBHIX	0.11	(0.02)	0.00	(0.84)	0.00	0.24	(0.24)	0.71
MSTSX	0.58	(0.20)	0.00	(3.41)	0.00	0.85	(1.18)	6.73
ABHYX	0.21	(0.04)	0.00	(0.74)	0.00	0.34	(0.55)	1.91
SCAXF	1.61	(0.85)	0.00	(0.84)	0.00	0.00	0.00	31.33
VIASP	0.63	0.26	0.40	(1.61)	(0.79)	1.98	(1.06)	4.48
RRTLX	0.28	(0.08)	0.00	(1.13)	0.00	0.48	(0.56)	3.47
OSHDF	46.68	24.25	0.00	(1.58)	0.00	0.00	0.00	1,329
JRBEX	0.39	(0.07)	0.00	(0.63)	0.00	0.56	(0.86)	3.84

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