Manning Napier Correlations

Mutual Funds . USA . 
Fund . Manning Napier Callodine
CEIIX Fund  USD 12.36  0.12  0.98%   
The current 90-days correlation between Manning Napier Callodine and Dreyfus Government Cash is 0.12 (i.e., Average diversification). The correlation of Manning Napier 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.

Manning Napier Correlation With Market

Almost no diversification

The correlation between Manning Napier Callodine and DJI is 0.9 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Manning Napier Callodine and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Manning Napier Callodine. 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 gross domestic product.

Moving together with Manning Mutual Fund

  1.0CEIZX Manning Napier CallodinePairCorr
  1.0CEISX Manning Napier CallodinePairCorr
  0.96MNBAX Pro-blend(r) ExtendedPairCorr
  0.96MNBIX Pro-blend(r) ExtendedPairCorr
  0.82MNCRX Pro-blend(r) ConservativePairCorr
  0.68MNCWX Manning Napier ProPairCorr
  0.97MNDFX Disciplined Value SeriesPairCorr
  0.96MNBRX Pro-blend(r) ExtendedPairCorr
  0.96MNBWX Manning Napier ProPairCorr
  0.84MNCCX Pro-blend(r) ConservativePairCorr
  0.79MNCIX Pro-blend(r) ConservativePairCorr
  0.62MNDWX Manning Napier DiverPairCorr
  0.92MNECX Pro-blend(r) ExtendedPairCorr
  0.96MNHCX Pro-blend(r) MaximumPairCorr
  0.85MNHAX High Yield BondPairCorr
  0.96MNHIX Pro-blend(r) MaximumPairCorr
  0.96MNHRX Pro-blend(r) MaximumPairCorr
  0.96MNHWX Manning Napier ProPairCorr
  0.91MNHYX High Yield BondPairCorr
  0.96MNMCX Pro-blend(r) ModeratePairCorr
  0.95MNMIX Pro-blend(r) ModeratePairCorr
  0.95MNMRX Pro-blend(r) ModeratePairCorr
  0.95MNMWX Manning Napier ProPairCorr
  0.74MNOSX Manning Napier OverseasPairCorr
  0.72MNOWX Manning Napier OverseasPairCorr
  0.7MNOZX Manning Napier OverseasPairCorr
  0.91MDFSX Disciplined Value SeriesPairCorr
  0.97MDVWX Manning Napier DisciPairCorr
  0.97MDVZX Manning Napier DisciPairCorr

Moving against Manning Mutual Fund

  0.54MNCPX Unconstrained Bond SeriesPairCorr
  0.59MUBWX Manning Napier UnconPairCorr
  0.54EXCPX Unconstrained Bond SeriesPairCorr
  0.51MCBZX Manning Napier CorePairCorr
  0.49EXCIX Core Bond SeriesPairCorr
  0.48EXCRX Core Bond SeriesPairCorr
  0.46MCDIX Manning Napier CreditPairCorr
  0.46MCDSX Manning Napier CreditPairCorr
  0.44MCBWX Manning Napier CorePairCorr
  0.41MCDWX Manning Napier CreditPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Manning Mutual Fund performing well and Manning Napier 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 Manning Napier'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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2024 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY