Mutual Of Correlations

MAEIX Fund

67.82 0.48 0.71%

The current 90-days correlation between Mutual Of America and Mutual Of America is 0.16 (i.e., Average 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

Almost no diversification

The correlation between Mutual Of America and DJI is 0.97 (i.e., Almost no 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 gross domestic product.

Moving together with Mutual Mutual Fund

1.0	MAAKX	Mutual Of America	Pair Corr
0.98	MAANX	Mutual Of America	Pair Corr
1.0	MACCX	Mutual Of America	Pair Corr
0.89	MACAX	Mutual Of America	Pair Corr
0.98	MACHX	Mutual Of America	Pair Corr
0.97	MAGKX	Mutual Of America	Pair Corr
0.99	MAMEX	Mutual Of America	Pair Corr
0.96	MAMOX	Mutual Of America	Pair Corr
0.97	MAMVX	Mutual Of America	Pair Corr
0.97	MASOX	Mutual Of America	Pair Corr
0.91	MARMX	Mutual Of America	Pair Corr
0.96	MAVKX	Mutual Of America	Pair Corr
0.98	MURJX	Mutual Of America	Pair Corr
0.97	MURIX	Mutual Of America	Pair Corr
0.96	MURHX	Mutual Of America	Pair Corr
0.95	MURGX	Mutual Of America	Pair Corr
0.98	MURNX	Mutual Of America	Pair Corr
0.98	MURMX	Mutual Of America	Pair Corr
0.97	MURLX	Mutual Of America	Pair Corr
0.98	MURQX	Mutual Of America	Pair Corr
0.98	MURPX	Mutual Of America	Pair Corr
0.89	MUROX	Mutual Of America	Pair Corr
1.0	VTSAX	Vanguard Total Stock	Pair Corr
1.0	VFIAX	Vanguard 500 Index	Pair Corr
1.0	VTSMX	Vanguard Total Stock	Pair Corr
1.0	VITSX	Vanguard Total Stock	Pair Corr
1.0	VSMPX	Vanguard Total Stock	Pair Corr
1.0	VSTSX	Vanguard Total Stock	Pair Corr
1.0	VFINX	Vanguard 500 Index	Pair Corr
1.0	VFFSX	Vanguard 500 Index	Pair Corr
1.0	VINIX	Vanguard Institutional	Pair Corr
1.0	VIIIX	Vanguard Institutional	Pair Corr
0.82	WWNPX	Kinetics Paradigm	Pair Corr
0.82	KNPYX	Kinetics Paradigm	Pair Corr
0.82	LSHUX	Horizon Spin Off Steady Growth	Pair Corr

Related Correlations Analysis

	MABDX	MAAKX	MAANX	MACCX	MACAX	MACHX	MAEIX	MAGKX	MAIFX	MAMBX
MABDX		-0.03	0.05	-0.05	0.1	0.02	-0.04	-0.09	0.25	0.75	MABDX
MAAKX	-0.03		0.98	0.99	0.88	0.98	1.0	0.98	0.38	-0.28	MAAKX
MAANX	0.05	0.98		0.98	0.92	0.99	0.98	0.94	0.56	-0.16	MAANX
MACCX	-0.05	0.99	0.98		0.9	0.99	1.0	0.96	0.44	-0.24	MACCX
MACAX	0.1	0.88	0.92	0.9		0.91	0.89	0.83	0.58	-0.1	MACAX
MACHX	0.02	0.98	0.99	0.99	0.91		0.98	0.93	0.53	-0.16	MACHX
MAEIX	-0.04	1.0	0.98	1.0	0.89	0.98		0.97	0.41	-0.27	MAEIX
MAGKX	-0.09	0.98	0.94	0.96	0.83	0.93	0.97		0.26	-0.36	MAGKX
MAIFX	0.25	0.38	0.56	0.44	0.58	0.53	0.41	0.26		0.43	MAIFX
MAMBX	0.75	-0.28	-0.16	-0.24	-0.1	-0.16	-0.27	-0.36	0.43		MAMBX
	MABDX	MAAKX	MAANX	MACCX	MACAX	MACHX	MAEIX	MAGKX	MAIFX	MAMBX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

MAEIX	+ 1.0	MAAKX
MAEIX	+ 1.0	MACCX
MACCX	+ 0.99	MAAKX
MACHX	+ 0.99	MAANX
MACHX	+ 0.99	MACCX
MAANX	+ 0.98	MAAKX

High negative correlations

MAMBX	- 0.36	MAGKX
MAMBX	- 0.28	MAAKX
MAMBX	- 0.27	MAEIX
MAMBX	- 0.24	MACCX
MAMBX	- 0.16	MACHX
MAMBX	- 0.16	MAANX

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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
MABDX	0.26	0.01	0.16	0.25	0.34	(0.27)	0.57	(0.57)	1.79
MAAKX	1.23	0.04	0.00	(0.02)	0.00	0.00	2.14	(2.41)	12.36
MAANX	0.98	0.06	0.04	0.01	1.54	(0.92)	1.78	(2.06)	9.93
MACCX	1.29	0.07	0.03	0.01	2.09	(1.14)	2.22	(2.94)	13.33
MACAX	0.42	0.00	0.08	(0.20)	0.61	(0.43)	0.78	(0.89)	4.05
MACHX	0.75	0.05	0.06	0.03	1.14	(0.71)	1.40	(1.58)	7.09
MAEIX	1.25	0.05	0.02	(0.01)	2.06	(1.08)	2.15	(2.69)	12.96
MAGKX	1.45	(0.03)	0.00	(0.08)	0.00	0.00	2.16	(3.06)	12.88
MAIFX	0.91	0.18	0.12	0.20	1.40	(0.90)	1.90	(1.97)	8.99
MAMBX	0.18	0.02	0.27	0.39	0.13	(0.21)	0.31	(0.31)	1.14

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