Overseas Series Correlations

Mutual Funds . USA . 
Fund . Overseas Series Class
EXOSX Fund  USD 36.17  0.21  0.58%   
The current 90-days correlation between Overseas Series Class and Catalyst Exceed Defined is 0.67 (i.e., Poor diversification). The correlation of Overseas Series 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.

Overseas Series Correlation With Market

Poor diversification

The correlation between Overseas Series Class and DJI is 0.64 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Overseas Series Class 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 Overseas Series Class. 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 Overseas Mutual Fund

  0.96CEIIX Manning Napier CallodinePairCorr
  0.96CEIZX Manning Napier CallodinePairCorr
  0.96CEISX Manning Napier CallodinePairCorr
  0.96MNBAX Pro Blend ExtendedPairCorr
  0.96MNBIX Pro Blend ExtendedPairCorr
  0.73MNCPX Unconstrained Bond SeriesPairCorr
  0.91MNCRX Pro Blend ServativePairCorr
  0.9MNCWX Manning Napier ProPairCorr
  0.89MNDFX Disciplined Value SeriesPairCorr
  0.96MNBRX Pro-blend(r) ExtendedPairCorr
  0.96MNBWX Manning Napier ProPairCorr
  0.91MNCCX Pro Blend ServativePairCorr
  0.9MNCIX Pro-blend(r) ConservativePairCorr
  0.87MNDWX Manning Napier DiverPairCorr
  0.96MNECX Pro Blend ExtendedPairCorr
  0.97MNHCX Pro-blend(r) MaximumPairCorr
  0.87MNHAX High Yield BondPairCorr
  0.97MNHIX Pro Blend MaximumPairCorr
  0.97MNHRX Pro-blend(r) MaximumPairCorr
  0.97MNHWX Manning Napier ProPairCorr
  0.87MNHYX High Yield BondPairCorr
  0.95MNMCX Pro-blend(r) ModeratePairCorr
  0.95MNMIX Pro-blend(r) ModeratePairCorr
  0.95MNMRX Pro-blend(r) ModeratePairCorr
  0.94MNMWX Manning Napier ProPairCorr
  1.0MNOSX Manning Napier OverseasPairCorr
  0.94MNOWX Manning Napier OverseasPairCorr
  1.0MNOZX Manning Napier OverseasPairCorr
  0.89RAIIX Rainier InternationalPairCorr
  0.89RAIRX Rainier InternationalPairCorr
  0.89RAIWX Manning Napier RainierPairCorr
  0.69MCDIX Manning Napier CreditPairCorr
  0.7MCDSX Manning Napier CreditPairCorr
  0.71MCDWX Manning Napier CreditPairCorr
  0.72MUBWX Manning Napier UnconPairCorr
  0.89MDFSX Disciplined Value SeriesPairCorr
  0.89MDVWX Manning Napier DisciPairCorr
  0.89MDVZX Manning Napier DisciPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Overseas Mutual Fund performing well and Overseas Series 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 Overseas Series' 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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