Pro Blend Correlations

Mutual Funds . USA . 
Fund . Pro Blend Maximum Term
EXHAX Fund  USD 26.39  0.07  0.26%   
The current 90-days correlation between Pro Blend Maximum and Pro Blend Extended Term is 0.01 (i.e., Significant diversification). The correlation of Pro Blend 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 Correlation With Market

Good diversification

The correlation between Pro Blend Maximum Term and DJI is -0.05 (i.e., Good 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 Investing Opportunities 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 nation.

Moving together with Pro Mutual Fund

  0.68CEIIX Manning Napier CallodinePairCorr
  0.72CEIZX Manning Napier CallodinePairCorr
  0.72CEISX Manning Napier CallodinePairCorr
  0.82MNBAX Pro Blend ExtendedPairCorr
  0.99MNBIX Pro Blend ExtendedPairCorr
  0.79MNCRX Pro Blend ServativePairCorr
  0.7MNCWX Manning Napier ProPairCorr
  0.76MNDFX Disciplined Value SeriesPairCorr
  0.82MNBRX Pro-blend(r) ExtendedPairCorr
  0.99MNBWX Manning Napier ProPairCorr
  0.79MNCCX Pro Blend ServativePairCorr
  0.72MNCIX Pro-blend(r) ConservativePairCorr
  0.68MNDWX Manning Napier DiverPairCorr
  0.75MNECX Pro Blend ExtendedPairCorr
  0.72MNHCX Pro-blend(r) MaximumPairCorr
  0.71MNHAX High Yield BondPairCorr
  0.76MNHIX Pro Blend MaximumPairCorr
  0.76MNHRX Pro-blend(r) MaximumPairCorr
  0.82MNHWX Manning Napier ProPairCorr
  0.93MNHYX High Yield BondPairCorr
  0.74MNMCX Pro-blend(r) ModeratePairCorr
  0.81MNMIX Pro-blend(r) ModeratePairCorr
  0.74MNMRX Pro-blend(r) ModeratePairCorr
  0.71MNMWX Manning Napier ProPairCorr
  0.64MNOSX Manning Napier OverseasPairCorr
  0.7MNOWX Manning Napier OverseasPairCorr
  0.97MNOZX Manning Napier OverseasPairCorr
  0.73RAIIX Rainier InternationalPairCorr
  0.93RAIRX Rainier InternationalPairCorr
  0.7RAIWX Manning Napier RainierPairCorr
  0.76MCDWX Manning Napier CreditPairCorr
  0.65MUBWX Manning Napier UnconPairCorr
  0.76MDFSX Disciplined Value SeriesPairCorr
  0.72MDVWX Manning Napier DisciPairCorr
  0.76MDVZX Manning Napier DisciPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Pro Mutual Fund performing well and Pro Blend 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'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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