Pro Blend Correlations

Mutual Funds . USA . 
Fund . Pro Blend Maximum Term
EXHAX Fund  USD 26.39  0.07  0.26%   
The current 90-days correlation between Pro Blend Maximum and Pro Blend Extended Term is 0.97 (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

Almost no diversification

The correlation between Pro Blend Maximum Term 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 Pro Blend Maximum 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 Maximum 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

  0.96CEIIX Manning Napier CallodinePairCorr
  0.96CEIZX Manning Napier CallodinePairCorr
  0.97CEISX Manning Napier CallodinePairCorr
  0.99MNBAX Pro Blend ExtendedPairCorr
  0.99MNBIX Pro Blend ExtendedPairCorr
  0.82MNCPX Unconstrained Bond SeriesPairCorr
  0.96MNCRX Pro Blend ServativePairCorr
  0.94MNCWX Manning Napier ProPairCorr
  0.96MNDFX Disciplined Value SeriesPairCorr
  0.99MNBRX Pro-blend(r) ExtendedPairCorr
  0.99MNBWX Manning Napier ProPairCorr
  0.96MNCCX Pro Blend ServativePairCorr
  0.96MNCIX Pro-blend(r) ConservativePairCorr
  0.93MNDWX Manning Napier DiverPairCorr
  0.99MNECX Pro Blend ExtendedPairCorr
  0.98MNHCX Pro-blend(r) MaximumPairCorr
  0.94MNHAX High Yield BondPairCorr
  1.0MNHIX Pro Blend MaximumPairCorr
  1.0MNHRX Pro-blend(r) MaximumPairCorr
  0.98MNHWX Manning Napier ProPairCorr
  0.94MNHYX High Yield BondPairCorr
  0.99MNMCX Pro-blend(r) ModeratePairCorr
  0.97MNMIX Pro-blend(r) ModeratePairCorr
  0.99MNMRX Pro-blend(r) ModeratePairCorr
  0.99MNMWX Manning Napier ProPairCorr
  0.97MNOSX Manning Napier OverseasPairCorr
  0.87MNOWX Manning Napier OverseasPairCorr
  0.97MNOZX Manning Napier OverseasPairCorr
  0.94RAIIX Rainier InternationalPairCorr
  0.95RAIRX Rainier InternationalPairCorr
  0.94RAIWX Manning Napier RainierPairCorr
  0.79MCDIX Manning Napier CreditPairCorr
  0.81MCDSX Manning Napier CreditPairCorr
  0.79MCDWX Manning Napier CreditPairCorr
  0.82MUBWX Manning Napier UnconPairCorr
  0.96MDFSX Disciplined Value SeriesPairCorr
  0.96MDVWX Manning Napier DisciPairCorr
  0.96MDVZX Manning Napier DisciPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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.

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