Pro-blend(r) Moderate Correlations

Mutual Funds . USA . 
Fund . Pro Blend Moderate Term
EXBAX Fund  USD 14.45  0.13  0.89%   
The current 90-days correlation between Pro-blend(r) Moderate and Pro Blend Servative Term is 0.92 (i.e., Almost no diversification). The correlation of Pro-blend(r) Moderate 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.

Pro-blend(r) Moderate Correlation With Market

Almost no diversification

The correlation between Pro Blend Moderate Term and DJI is 0.92 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pro Blend Moderate Term and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Pro Blend Moderate Term. 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 nation.

Moving together with Pro-blend(r) Mutual Fund

  0.92CEIZX Manning Napier CallodinePairCorr
  0.92CEISX Manning Napier CallodinePairCorr
  1.0MNBAX Pro Blend ExtendedPairCorr
  1.0MNBIX Pro Blend ExtendedPairCorr
  0.98MNCRX Pro Blend ServativePairCorr
  0.98MNCWX Manning Napier ProPairCorr
  0.98MNCCX Pro Blend ServativePairCorr
  0.98MNCIX Pro Blend ServativePairCorr
  0.94MNHCX Pro Blend MaximumPairCorr
  0.88MNHAX High Yield BondPairCorr
  0.99MNHIX Pro Blend MaximumPairCorr
  0.99MNHRX Pro Blend MaximumPairCorr
  1.0MNMCX Pro-blend(r) ModeratePairCorr
  1.0MNMIX Pro-blend(r) ModeratePairCorr
  1.0MNMWX Manning Napier ProPairCorr
  0.95MNOSX Manning Napier OverseasPairCorr
  0.91MNOWX Manning Napier OverseasPairCorr
  0.95MNOZX Manning Napier OverseasPairCorr
  0.84RAIRX Rainier InternationalPairCorr
  0.84RAIWX Manning Napier RainierPairCorr
  0.67MUBWX Manning Napier UnconPairCorr
  0.78MDFSX Disciplined Value SeriesPairCorr
  0.79MDVZX Manning Napier DisciPairCorr
  0.98EXDAX Pro-blend(r) ConservativePairCorr
  0.97EXEYX Equity Series ClassPairCorr
  0.99EXHAX Pro-blend(r) MaximumPairCorr
  0.84RISAX Rainier InternationalPairCorr
  0.93VWINX Vanguard Wellesley IncomePairCorr
  0.83VWIAX Vanguard Wellesley IncomePairCorr
  0.97BKMIX Blackrock Multi AssetPairCorr
  0.84HBLTX Hartford BalancedPairCorr
  0.92HBLRX Hartford BalancedPairCorr
  0.93HBLSX Hartford BalancedPairCorr
  0.94HBLVX Hartford BalancedPairCorr
  0.84HBLYX Hartford BalancedPairCorr
  0.92HBLCX Hartford BalancedPairCorr
  0.84HBLIX Hartford BalancedPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Pro-blend(r) Mutual Fund performing well and Pro-blend(r) Moderate 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 Pro-blend(r) Moderate'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
2025 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY