Manning Napier Correlations

Mutual Funds . USA . 
Fund . Manning Napier Callodine
CEISX Fund   13.06  0.20  1.51%   
The current 90-days correlation between Manning Napier Callodine and Calamos Longshort Fund is 0.7 (i.e., Poor 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

Very poor diversification

The correlation between Manning Napier Callodine and DJI is 0.81 (i.e., Very poor 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 state.

Moving together with Manning Mutual Fund

  0.94CEIIX Manning Napier CallodinePairCorr
  1.0CEIZX Manning Napier CallodinePairCorr
  0.98MNBAX Pro Blend ExtendedPairCorr
  0.98MNBIX Pro Blend ExtendedPairCorr
  0.79MNCPX Unconstrained Bond SeriesPairCorr
  0.93MNCRX Pro Blend ServativePairCorr
  0.92MNCWX Manning Napier ProPairCorr
  0.96MNDFX Disciplined Value SeriesPairCorr
  0.93MNBRX Pro-blend(r) ExtendedPairCorr
  0.98MNBWX Manning Napier ProPairCorr
  0.92MNCCX Pro Blend ServativePairCorr
  0.93MNCIX Pro-blend(r) ConservativePairCorr
  0.87MNDWX Manning Napier DiverPairCorr
  0.98MNECX Pro Blend ExtendedPairCorr
  0.98MNHCX Pro-blend(r) MaximumPairCorr
  0.93MNHAX High Yield BondPairCorr
  0.98MNHIX Pro Blend MaximumPairCorr
  0.94MNHRX Pro-blend(r) MaximumPairCorr
  0.98MNHWX Manning Napier ProPairCorr
  0.93MNHYX High Yield BondPairCorr
  0.97MNMIX Pro-blend(r) ModeratePairCorr
  0.97MNMRX Pro-blend(r) ModeratePairCorr
  0.93MNMWX Manning Napier ProPairCorr
  0.9MNOSX Manning Napier OverseasPairCorr
  0.83MNOWX Manning Napier OverseasPairCorr
  0.9MNOZX Manning Napier OverseasPairCorr
  0.93RAIIX Rainier InternationalPairCorr
  0.93RAIRX Rainier InternationalPairCorr
  0.93RAIWX Manning Napier RainierPairCorr
  0.76MCDIX Manning Napier CreditPairCorr
  0.78MCDSX Manning Napier CreditPairCorr
  0.78MCDWX Manning Napier CreditPairCorr
  0.79MUBWX Manning Napier UnconPairCorr
  0.9MDFSX Disciplined Value SeriesPairCorr
  0.96MDVZX Manning Napier DisciPairCorr
  0.97EXBAX Pro-blend(r) ModeratePairCorr
  0.78EXCPX Unconstrained Bond SeriesPairCorr

Related Correlations Analysis

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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.

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