Pro Blend Correlations

Mutual Funds . USA . 
Fund . Pro Blend Servative Term
EXDAX Fund  USD 13.63  0.01  0.07%   
The current 90-days correlation between Pro Blend Servative and Pro Blend Moderate Term is 0.93 (i.e., Almost no diversification). The correlation of Pro Blend 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 Correlation With Market

Poor diversification

The correlation between Pro Blend Servative Term and DJI is 0.61 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pro Blend Servative 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 Servative 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 Mutual Fund

  0.68CEIIX Manning Napier CallodinePairCorr
  0.67CEIZX Manning Napier CallodinePairCorr
  0.67CEISX Manning Napier CallodinePairCorr
  0.93MNBAX Pro Blend ExtendedPairCorr
  0.94MNBIX Pro-blend(r) ExtendedPairCorr
  0.93MNCPX Unconstrained Bond SeriesPairCorr
  1.0MNCRX Pro-blend(r) ConservativePairCorr
  0.96MNCWX Manning Napier ProPairCorr
  0.85MNDFX Disciplined Value SeriesPairCorr
  0.93MNBRX Pro-blend(r) ExtendedPairCorr
  0.86MNBWX Manning Napier ProPairCorr
  0.95MNCCX Pro Blend ServativePairCorr
  1.0MNCIX Pro-blend(r) ConservativePairCorr
  0.89MNDWX Manning Napier DiverPairCorr
  0.82MNECX Pro-blend(r) ExtendedPairCorr
  0.66MNHCX Pro Blend MaximumPairCorr
  0.93MNHAX High Yield BondPairCorr
  0.7MNHIX Pro-blend(r) MaximumPairCorr
  0.78MNHRX Pro Blend MaximumPairCorr
  0.73MNHWX Manning Napier ProPairCorr
  0.95MNHYX High Yield BondPairCorr
  0.97MNMCX Pro Blend ModeratePairCorr
  0.98MNMIX Pro-blend(r) ModeratePairCorr
  0.9MNMRX Pro-blend(r) ModeratePairCorr
  0.98MNMWX Manning Napier ProPairCorr
  0.86RAIIX Rainier InternationalPairCorr
  0.8RAIRX Rainier InternationalPairCorr
  0.75RAIWX Manning Napier RainierPairCorr
  0.95MCDIX Manning Napier CreditPairCorr
  0.92MCBWX Manning Napier CorePairCorr
  0.94MCBZX Manning Napier CorePairCorr
  0.97MCDSX Manning Napier CreditPairCorr
  0.97MCDWX Manning Napier CreditPairCorr
  0.94MUBWX Manning Napier UnconPairCorr
  0.85MDFSX Disciplined Value SeriesPairCorr
  0.81MDVWX Manning Napier DisciPairCorr
  0.8MDVZX Manning Napier DisciPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Pro Mutual Fund performing well and Pro Blend 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'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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