Manning Napier Correlations

Mutual Funds . USA . 
Fund . Manning Napier Callodine
CEISX Fund   13.30  0.05  0.38%   
The current 90-days correlation between Manning Napier Callodine and Balanced Fund Retail is -0.08 (i.e., Good 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 Callodine and DJI is -0.13 (i.e., Good 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 state.

Moving together with Manning Mutual Fund

  1.0CEIIX Manning Napier CallodinePairCorr
  1.0CEIZX Manning Napier CallodinePairCorr
  0.63MNBAX Pro Blend ExtendedPairCorr
  0.7MNBIX Pro Blend ExtendedPairCorr
  0.78MNCPX Unconstrained Bond SeriesPairCorr
  0.65MNCRX Pro Blend ServativePairCorr
  0.93MNCWX Manning Napier ProPairCorr
  0.93MNDFX Disciplined Value SeriesPairCorr
  0.7MNBRX Pro-blend(r) ExtendedPairCorr
  0.7MNBWX Manning Napier ProPairCorr
  0.65MNCCX Pro Blend ServativePairCorr
  0.91MNCIX Pro-blend(r) ConservativePairCorr
  0.92MNDWX Manning Napier DiverPairCorr
  0.95MNECX Pro Blend ExtendedPairCorr
  0.98MNHCX Pro-blend(r) MaximumPairCorr
  0.91MNHAX High Yield BondPairCorr
  0.97MNHIX Pro Blend MaximumPairCorr
  0.97MNHRX Pro-blend(r) MaximumPairCorr
  0.71MNHWX Manning Napier ProPairCorr
  0.94MNMCX Pro-blend(r) ModeratePairCorr
  0.68MNMIX Pro-blend(r) ModeratePairCorr
  0.95MNMRX Pro-blend(r) ModeratePairCorr
  0.95MNMWX Manning Napier ProPairCorr
  0.94MNOSX Manning Napier OverseasPairCorr
  0.74MNOZX Manning Napier OverseasPairCorr
  0.93RAIIX Rainier InternationalPairCorr
  0.64RAIRX Rainier InternationalPairCorr
  0.92RAIWX Manning Napier RainierPairCorr
  0.75MCDIX Manning Napier CreditPairCorr
  0.73MCDSX Manning Napier CreditPairCorr
  0.94MDFSX Disciplined Value SeriesPairCorr
  0.94MDVWX Manning Napier DisciPairCorr
  0.93MDVZX Manning Napier DisciPairCorr
  0.68EXBAX Pro-blend(r) ModeratePairCorr

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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