Pro-blend(r) Maximum Correlations

Mutual Funds USA . 
Fund . Pro Blend Maximum Term
MNHCX Fund  USD 26.87  0.05  0.19%   
The current 90-days correlation between Pro-blend(r) Maximum and Lord Abbett Diversified is 0.76 (i.e., Poor diversification). The correlation of Pro-blend(r) Maximum 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) Maximum Correlation With Market

Very poor diversification

The correlation between Pro Blend Maximum Term and DJI is 0.87 (i.e., Very poor 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 Correlation Analysis 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 national income and product accounts.

Moving together with Pro-blend(r) Mutual Fund

  0.63CEIIX Manning Napier CallodinePairCorr
  0.63CEIZX Manning Napier CallodinePairCorr
  0.63CEISX Manning Napier CallodinePairCorr
  0.94MNBAX Pro-blend(r) ExtendedPairCorr
  0.94MNBIX Pro-blend(r) ExtendedPairCorr
  0.78MNCRX Pro-blend(r) ConservativePairCorr
  0.72MNCWX Manning Napier ProPairCorr
  0.84MNDFX Disciplined Value SeriesPairCorr
  0.95MNBRX Pro-blend(r) ExtendedPairCorr
  0.8MNBWX Manning Napier ProPairCorr
  0.78MNCCX Pro-blend(r) ConservativePairCorr
  0.78MNCIX Pro-blend(r) ConservativePairCorr
  0.61MNDWX Manning Napier DiverPairCorr
  0.95MNECX Pro-blend(r) ExtendedPairCorr
  0.66MNHAX High Yield BondPairCorr
  1.0MNHIX Pro-blend(r) MaximumPairCorr
  1.0MNHRX Pro-blend(r) MaximumPairCorr
  0.81MNHWX Manning Napier ProPairCorr
  0.65MNHYX High Yield BondPairCorr
  0.91MNMCX Pro-blend(r) ModeratePairCorr
  0.89MNMIX Pro-blend(r) ModeratePairCorr
  0.9MNMRX Pro-blend(r) ModeratePairCorr
  0.89MNOSX Manning Napier OverseasPairCorr
  0.8MNOZX Manning Napier OverseasPairCorr
  0.68RAIIX Rainier InternationalPairCorr
  0.68RAIRX Rainier InternationalPairCorr
  0.68RAIWX Manning Napier RainierPairCorr
  0.61MCBWX Manning Napier CorePairCorr
  0.63MCDWX Manning Napier CreditPairCorr
  0.84MDFSX Disciplined Value SeriesPairCorr
  0.84MDVWX Manning Napier DisciPairCorr
  0.75MDVZX Manning Napier DisciPairCorr
  0.89EXBAX Pro-blend(r) ModeratePairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Pro-blend(r) Mutual Fund performing well and Pro-blend(r) Maximum 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) Maximum'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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