Pro-blend(r) Moderate Correlations

Mutual Funds . USA . 
Fund . Pro Blend Moderate Term
EXBAX Fund  USD 14.66  0.08  0.54%   
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

Good diversification

The correlation between Pro Blend Moderate Term and DJI is -0.05 (i.e., Good 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

  0.62CEIZX Manning Napier CallodinePairCorr
  1.0MNBAX Pro-blend(r) ExtendedPairCorr
  1.0MNBIX Pro-blend(r) ExtendedPairCorr
  0.66MNCRX Pro-blend(r) ConservativePairCorr
  0.67MNCWX Manning Napier ProPairCorr
  0.66MNDFX Disciplined Value SeriesPairCorr
  1.0MNBRX Pro Blend ExtendedPairCorr
  1.0MNBWX Manning Napier ProPairCorr
  0.66MNCCX Pro-blend(r) ConservativePairCorr
  0.99MNCIX Pro-blend(r) ConservativePairCorr
  0.7MNDWX Manning Napier DiverPairCorr
  1.0MNECX Pro-blend(r) ExtendedPairCorr
  0.99MNHCX Pro-blend(r) MaximumPairCorr
  0.97MNHAX High Yield BondPairCorr
  0.99MNHRX Pro-blend(r) MaximumPairCorr
  0.62MNHWX Manning Napier ProPairCorr
  0.97MNHYX High Yield BondPairCorr
  1.0MNMIX Pro-blend(r) ModeratePairCorr
  0.63MNMRX Pro-blend(r) ModeratePairCorr
  0.64MNMWX Manning Napier ProPairCorr
  0.95MNOZX Manning Napier OverseasPairCorr
  0.64MCBWX Manning Napier CorePairCorr
  0.62MCBZX Manning Napier CorePairCorr
  0.69MCDWX Manning Napier CreditPairCorr
  0.65MDVZX Manning Napier DisciPairCorr
  0.85EXCPX Unconstrained Bond SeriesPairCorr
  0.65EXCIX Core Bond SeriesPairCorr
  0.99EXDAX Pro-blend(r) ConservativePairCorr
  0.68EXDVX Diversified Tax ExemptPairCorr
  0.98EXEYX Equity Series ClassPairCorr
  0.99EXHAX Pro-blend(r) MaximumPairCorr
  0.96RISAX Rainier InternationalPairCorr

Related Correlations Analysis

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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.

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