Mutual Of Correlations

Mutual Funds . USA . 
Fund . Mutual Of America
MACHX Fund   22.00  0.04  0.18%   
The current 90-days correlation between Mutual Of America and Mutual Of America is 0.37 (i.e., Weak 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

Very poor diversification

The correlation between Mutual Of America and DJI is 0.89 (i.e., Very poor 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 rate.

Moving together with Mutual Mutual Fund

  0.72MABDX Mutual Of AmericaPairCorr
  0.99MAAKX Mutual Of AmericaPairCorr
  1.0MAANX Mutual Of AmericaPairCorr
  1.0MACCX Mutual Of AmericaPairCorr
  1.0MACAX Mutual Of AmericaPairCorr
  0.99MAGKX Mutual Of AmericaPairCorr
  0.96MAIFX Mutual Of AmericaPairCorr
  0.83MAMBX Mutual Of AmericaPairCorr
  0.97MAMEX Mutual Of AmericaPairCorr
  1.0MAMOX Mutual Of AmericaPairCorr
  0.97MAMVX Mutual Of AmericaPairCorr
  0.97MASOX Mutual Of AmericaPairCorr
  0.96MAVKX Mutual Of AmericaPairCorr
  1.0MURJX Mutual Of AmericaPairCorr
  1.0MURIX Mutual Of AmericaPairCorr
  1.0MURHX Mutual Of AmericaPairCorr
  1.0MURGX Mutual Of AmericaPairCorr
  1.0MURNX Mutual Of AmericaPairCorr
  1.0MURMX Mutual Of AmericaPairCorr
  1.0MURLX Mutual Of AmericaPairCorr
  1.0MURQX Mutual Of AmericaPairCorr
  1.0MURPX Mutual Of AmericaPairCorr
  1.0MUROX Mutual Of AmericaPairCorr
  1.0FBONX American Funds AmericanPairCorr
  1.0FBAFX American Funds AmericanPairCorr
  1.0ABALX American BalancedPairCorr
  1.0BALCX American BalancedPairCorr
  1.0BALFX American BalancedPairCorr
  1.0RLBCX American BalancedPairCorr
  1.0RLBBX American BalancedPairCorr
  1.0CLBAX American BalancedPairCorr
  1.0CLBEX American BalancedPairCorr
  1.0RLBFX American BalancedPairCorr
  0.73NHS Neuberger Berman HighPairCorr
  0.95TEIMX T Rowe PricePairCorr
  0.99CGQYX Columbia DisciplinedPairCorr
  1.0IRDAX Ishares Russell 3000PairCorr
  0.94DNREX Dunham Real EstatePairCorr
  1.0FIFRX Franklin GrowthPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
MABDX  0.23  0.01 (0.36) 0.24  0.21 
(0.27)
 0.50 
(0.49)
 1.15 
MAAKX  0.65  0.09  0.08  0.23  0.60 
(0.75)
 1.91 
(1.29)
 5.13 
MAANX  0.50  0.09  0.06  0.26  0.46 
(0.57)
 1.54 
(1.13)
 3.71 
MACCX  0.67  0.12  0.12  0.26  0.57 
(0.80)
 2.06 
(1.22)
 4.90 
MACAX  0.25  0.05 (0.10) 0.28  0.00 
(0.31)
 0.79 
(0.45)
 1.76 
MACHX  0.40  0.09  0.06  0.30  0.26 
(0.50)
 1.35 
(0.94)
 3.11 
MAEIX  0.65  0.11  0.11  0.25  0.55 
(0.75)
 2.02 
(1.11)
 4.89 
MAGKX  0.87  0.06  0.06  0.19  0.87 
(1.05)
 1.91 
(1.80)
 5.92 
MAIFX  0.53  0.14  0.08  0.49  0.38 
(0.60)
 1.33 
(1.12)
 3.34 
MAMBX  0.15  0.02 (0.56) 3.25  0.00 
(0.19)
 0.31 
(0.31)
 0.83 

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