Manning Napier Correlations

Mutual Funds . USA . 
Fund . Manning Napier Pro Blend
MNHWX Fund  USD 26.98  0.11  0.41%   
The current 90-days correlation between Manning Napier Pro and Ab High Income is 0.65 (i.e., Poor diversification). The correlation of Manning Napier 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.

Manning Napier Correlation With Market

Good diversification

The correlation between Manning Napier Pro Blend and DJI is -0.18 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Manning Napier Pro Blend 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 Manning Napier Pro Blend. 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 housing.

Moving together with Manning Mutual Fund

  0.98CEIIX Manning Napier CallodinePairCorr
  0.98CEIZX Manning Napier CallodinePairCorr
  0.94CEISX Manning Napier CallodinePairCorr
  0.97MNBAX Pro-blend(r) ExtendedPairCorr
  0.97MNBIX Pro-blend(r) ExtendedPairCorr
  0.78MNCPX Unconstrained Bond SeriesPairCorr
  0.92MNCRX Pro-blend(r) ConservativePairCorr
  0.95MNCWX Manning Napier ProPairCorr
  0.93MNDFX Disciplined Value SeriesPairCorr
  0.97MNBRX Pro-blend(r) ExtendedPairCorr
  0.99MNBWX Manning Napier ProPairCorr
  0.95MNCCX Pro Blend ServativePairCorr
  0.92MNCIX Pro Blend ServativePairCorr
  0.92MNDWX Manning Napier DiverPairCorr
  0.97MNECX Pro-blend(r) ExtendedPairCorr
  0.98MNHCX Pro-blend(r) MaximumPairCorr
  0.94MNHAX High Yield BondPairCorr
  0.98MNHIX Pro-blend(r) MaximumPairCorr
  0.98MNHRX Pro Blend MaximumPairCorr
  0.94MNHYX High Yield BondPairCorr
  0.96MNMCX Pro-blend(r) ModeratePairCorr
  0.96MNMIX Pro-blend(r) ModeratePairCorr
  0.96MNMRX Pro-blend(r) ModeratePairCorr
  0.99MNMWX Manning Napier ProPairCorr
  0.97MNOSX Manning Napier OverseasPairCorr
  0.86MNOWX Manning Napier OverseasPairCorr
  0.97MNOZX Manning Napier OverseasPairCorr
  0.93RAIIX Rainier InternationalPairCorr
  0.93RAIRX Rainier InternationalPairCorr
  0.94RAIWX Manning Napier RainierPairCorr
  0.77MCDIX Manning Napier CreditPairCorr
  0.77MCDSX Manning Napier CreditPairCorr
  0.77MCDWX Manning Napier CreditPairCorr
  0.78MUBWX Manning Napier UnconPairCorr
  0.93MDFSX Disciplined Value SeriesPairCorr
  0.94MDVWX Manning Napier DisciPairCorr
  0.96MDVZX Manning Napier DisciPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Manning Mutual Fund performing well and Manning Napier 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 Manning Napier'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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