Mutual Of Correlations

Mutual Funds . USA . 
Fund . Mutual Of America
MACAX Fund  USD 11.85  0.05  0.42%   
The current 90-days correlation between Mutual Of America and Ab All Market is -0.05 (i.e., Good diversification). The correlation of Mutual Of 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.

Mutual Of Correlation With Market

Good diversification

The correlation between Mutual Of America and DJI is -0.03 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mutual Of America and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Mutual Of America. 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 Mutual Mutual Fund

  0.72MABDX Mutual Of AmericaPairCorr
  0.97MAAKX Mutual Of AmericaPairCorr
  0.91MACCX Mutual Of AmericaPairCorr
  0.91MAEIX Mutual Of AmericaPairCorr
  0.95MAIFX Mutual Of AmericaPairCorr
  0.84MAMBX Mutual Of AmericaPairCorr
  0.72MASOX Mutual Of AmericaPairCorr
  0.98MARMX Mutual Of AmericaPairCorr
  1.0MURJX Mutual Of AmericaPairCorr
  0.98MURIX Mutual Of AmericaPairCorr
  0.91MURHX Mutual Of AmericaPairCorr
  1.0MURGX Mutual Of AmericaPairCorr
  0.97MURNX Mutual Of AmericaPairCorr
  0.9MURMX Mutual Of AmericaPairCorr
  0.86MURLX Mutual Of AmericaPairCorr
  0.85MURQX Mutual Of AmericaPairCorr
  0.9MURPX Mutual Of AmericaPairCorr
  0.62VWINX Vanguard Wellesley IncomePairCorr
  0.68VWIAX Vanguard Wellesley IncomePairCorr
  0.9BKMIX Blackrock Multi AssetPairCorr
  0.98HBLTX Hartford BalancedPairCorr
  0.89HBLRX Hartford BalancedPairCorr
  0.98HBLSX Hartford BalancedPairCorr
  0.89HBLVX Hartford BalancedPairCorr
  0.66HBLYX Hartford BalancedPairCorr
  0.89HBLCX Hartford BalancedPairCorr
  0.89HBLIX Hartford BalancedPairCorr
  0.63PFN Pimco Income StrategyPairCorr
  0.63PCF Putnam High IncomePairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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