Manning Napier Correlations

Mutual Funds . USA . 
Fund . Manning Napier Callodine
CEIIX Fund  USD 13.31  0.04  0.30%   
The current 90-days correlation between Manning Napier Callodine and Manning Napier Callodine is 1.0 (i.e., No risk reduction). 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

Poor diversification

The correlation between Manning Napier Callodine and DJI is 0.79 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Manning Napier Callodine and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Manning Napier Callodine. 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 gross domestic product.

Moving together with Manning Mutual Fund

  1.0CEIZX Manning Napier CallodinePairCorr
  1.0CEISX Manning Napier CallodinePairCorr
  0.97MNBAX Pro Blend ExtendedPairCorr
  0.97MNBIX Pro Blend ExtendedPairCorr
  0.76MNCPX Unconstrained Bond SeriesPairCorr
  0.92MNCRX Pro Blend ServativePairCorr
  0.93MNCWX Manning Napier ProPairCorr
  0.96MNDFX Disciplined Value SeriesPairCorr
  0.97MNBRX Pro-blend(r) ExtendedPairCorr
  0.97MNBWX Manning Napier ProPairCorr
  0.92MNCCX Pro Blend ServativePairCorr
  0.92MNCIX Pro-blend(r) ConservativePairCorr
  0.91MNDWX Manning Napier DiverPairCorr
  0.97MNECX Pro Blend ExtendedPairCorr
  0.98MNHCX Pro-blend(r) MaximumPairCorr
  0.92MNHAX High Yield BondPairCorr
  0.98MNHIX Pro Blend MaximumPairCorr
  0.98MNHRX Pro-blend(r) MaximumPairCorr
  0.98MNHWX Manning Napier ProPairCorr
  0.93MNHYX High Yield BondPairCorr
  0.96MNMCX Pro-blend(r) ModeratePairCorr
  0.96MNMIX Pro-blend(r) ModeratePairCorr
  0.96MNMRX Pro-blend(r) ModeratePairCorr
  0.96MNMWX Manning Napier ProPairCorr
  0.96MNOSX Manning Napier OverseasPairCorr
  0.87MNOWX Manning Napier OverseasPairCorr
  0.96MNOZX Manning Napier OverseasPairCorr
  0.92RAIIX Rainier InternationalPairCorr
  0.92RAIRX Rainier InternationalPairCorr
  0.92RAIWX Manning Napier RainierPairCorr
  0.73MCDIX Manning Napier CreditPairCorr
  0.74MCDSX Manning Napier CreditPairCorr
  0.75MCDWX Manning Napier CreditPairCorr
  0.76MUBWX Manning Napier UnconPairCorr
  0.96MDFSX Disciplined Value SeriesPairCorr
  0.96MDVWX 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.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
CEIIX  0.86  0.07  0.06  0.20  0.77 
(1.06)
 2.25 
(1.50)
 6.09 
CEIZX  0.87  0.07  0.06  0.20  0.77 
(1.06)
 2.42 
(1.50)
 5.94 
CEISX  0.85  0.07  0.06  0.20  0.76 
(1.04)
 2.43 
(1.51)
 5.96 
MNBAX  0.40  0.03 (0.05) 0.19  0.31 
(0.46)
 1.18 
(0.69)
 2.61 
MNBIX  0.39  0.03 (0.05) 0.20  0.30 
(0.45)
 1.18 
(0.69)
 2.57 
MNCPX  0.10  0.02 (0.64) 2.41  0.00 
(0.15)
 0.20 
(0.20)
 0.61 
MNCRX  0.20  0.02 (0.27) 0.22  0.00 
(0.26)
 0.45 
(0.45)
 1.53 
MNCWX  0.21  0.02 (0.27) 0.24  0.00 
(0.26)
 0.53 
(0.38)
 1.45 
MNDFX  0.64  0.03  0.01  0.18  0.59 
(0.77)
 1.67 
(1.05)
 4.75 
MNBRX  0.39  0.03 (0.06) 0.19  0.31 
(0.44)
 1.18 
(0.69)
 2.57 

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