Manning Napier Correlations

Mutual Funds . USA . 
Fund . Manning Napier Callodine
CEIZX Fund   13.36  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

Good diversification

The correlation between Manning Napier Callodine and DJI is -0.12 (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 nation.

Moving together with Manning Mutual Fund

  1.0CEIIX Manning Napier CallodinePairCorr
  1.0CEISX Manning Napier CallodinePairCorr
  0.95MNBAX Pro Blend ExtendedPairCorr
  0.95MNBIX Pro Blend ExtendedPairCorr
  0.78MNCPX Unconstrained Bond SeriesPairCorr
  0.9MNCRX Pro Blend ServativePairCorr
  0.93MNCWX Manning Napier ProPairCorr
  0.93MNDFX Disciplined Value SeriesPairCorr
  0.95MNBRX Pro-blend(r) ExtendedPairCorr
  0.95MNBWX Manning Napier ProPairCorr
  0.9MNCCX 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
  0.98MNHWX Manning Napier ProPairCorr
  0.91MNHYX High Yield BondPairCorr
  0.94MNMCX Pro-blend(r) ModeratePairCorr
  0.96MNMIX Pro-blend(r) ModeratePairCorr
  0.94MNMRX Pro-blend(r) ModeratePairCorr
  0.94MNMWX Manning Napier ProPairCorr
  0.94MNOSX Manning Napier OverseasPairCorr
  0.88MNOWX Manning Napier OverseasPairCorr
  0.94MNOZX Manning Napier OverseasPairCorr
  0.92RAIIX Rainier InternationalPairCorr
  0.91RAIRX Rainier InternationalPairCorr
  0.91RAIWX Manning Napier RainierPairCorr
  0.75MCDIX Manning Napier CreditPairCorr
  0.77MCDSX Manning Napier CreditPairCorr
  0.74MCDWX Manning Napier CreditPairCorr
  0.78MUBWX Manning Napier UnconPairCorr
  0.94MDFSX Disciplined Value SeriesPairCorr
  0.94MDVWX Manning Napier DisciPairCorr
  0.93MDVZX Manning Napier DisciPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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  0.87  0.23  0.08 (1.44) 0.75 
(1.06)
 2.25 
(1.50)
 6.09 
CEIZX  0.88  0.23  0.08 (1.41) 0.75 
(1.07)
 2.42 
(1.50)
 5.94 
CEISX  0.86  0.23  0.08 (1.41) 0.76 
(1.05)
 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  0.11  0.02 (0.62) 7.28  0.00 
(0.17)
 0.21 
(0.20)
 0.72 
MNCRX  0.20  0.02 (0.27) 0.22  0.00 
(0.26)
 0.45 
(0.45)
 1.53 
MNCWX  0.21  0.06 (0.24)(2.23) 0.00 
(0.28)
 0.55 
(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 

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2025 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY