Pro Blend Correlations

Mutual Funds . USA . 
Fund . Pro Blend Extended Term
MNECX Fund  USD 20.22  0.07  0.35%   
The current 90-days correlation between Pro Blend Extended and Shelton Funds is 0.13 (i.e., Average 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

Good diversification

The correlation between Pro Blend Extended Term and DJI is -0.11 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pro Blend Extended Term and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Pro Blend Extended 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 main economic indicators.

Moving together with Pro Mutual Fund

  0.8CEIIX Manning Napier CallodinePairCorr
  0.76CEIZX Manning Napier CallodinePairCorr
  0.77CEISX Manning Napier CallodinePairCorr
  0.81MNBAX Pro Blend ExtendedPairCorr
  1.0MNBIX Pro Blend ExtendedPairCorr
  0.69MNCPX Unconstrained Bond SeriesPairCorr
  0.81MNCRX Pro Blend ServativePairCorr
  0.76MNDFX Disciplined Value SeriesPairCorr
  1.0MNBRX Pro-blend(r) ExtendedPairCorr
  1.0MNBWX Manning Napier ProPairCorr
  0.97MNCCX Pro Blend ServativePairCorr
  0.97MNCIX Pro-blend(r) ConservativePairCorr
  0.93MNDWX Manning Napier DiverPairCorr
  0.81MNHCX Pro-blend(r) MaximumPairCorr
  0.95MNHAX High Yield BondPairCorr
  0.99MNHIX Pro Blend MaximumPairCorr
  0.99MNHRX Pro-blend(r) MaximumPairCorr
  0.99MNHWX Manning Napier ProPairCorr
  0.78MNHYX High Yield BondPairCorr
  1.0MNMIX Pro-blend(r) ModeratePairCorr
  0.66MNMRX Pro-blend(r) ModeratePairCorr
  0.65MNOWX Manning Napier OverseasPairCorr
  0.79MNOZX Manning Napier OverseasPairCorr
  0.77RAIRX Rainier InternationalPairCorr
  0.7MCDIX Manning Napier CreditPairCorr
  0.64MCBWX Manning Napier CorePairCorr
  0.71MCDWX Manning Napier CreditPairCorr
  0.68MUBWX Manning Napier UnconPairCorr
  0.68MDFSX Disciplined Value SeriesPairCorr
  0.69MDVZX Manning Napier DisciPairCorr
  1.0EXBAX Pro-blend(r) ModeratePairCorr
  0.67EXCPX Unconstrained Bond SeriesPairCorr
  0.97EXDAX Pro-blend(r) ConservativePairCorr
  0.98EXEYX Equity Series ClassPairCorr
  0.8EXHAX Pro Blend MaximumPairCorr
  0.8MEYWX Manning Napier EquityPairCorr

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.

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