Mutual Of Correlations

Mutual Funds . USA . 
Fund . Mutual Of America
MAMEX Fund   21.25  0.01  0.05%   
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

Very poor diversification

The correlation between Mutual Of America and DJI is 0.87 (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 income.

Moving together with Mutual Mutual Fund

  0.63MABDX Mutual Of AmericaPairCorr
  0.99MAAKX Mutual Of AmericaPairCorr
  0.99MAANX Mutual Of AmericaPairCorr
  0.99MACCX Mutual Of AmericaPairCorr
  0.97MACAX Mutual Of AmericaPairCorr
  0.97MACHX Mutual Of AmericaPairCorr
  0.96MAEIX Mutual Of AmericaPairCorr
  0.98MAGKX Mutual Of AmericaPairCorr
  0.95MAIFX Mutual Of AmericaPairCorr
  0.74MAMBX Mutual Of AmericaPairCorr
  0.98MAMOX Mutual Of AmericaPairCorr
  0.99MAMVX Mutual Of AmericaPairCorr
  1.0MASOX Mutual Of AmericaPairCorr
  0.96MARMX Mutual Of AmericaPairCorr
  0.99MAVKX Mutual Of AmericaPairCorr
  0.98MURJX Mutual Of AmericaPairCorr
  0.98MURIX Mutual Of AmericaPairCorr
  0.96MURHX Mutual Of AmericaPairCorr
  0.97MURGX Mutual Of AmericaPairCorr
  0.99MURNX Mutual Of AmericaPairCorr
  0.99MURMX Mutual Of AmericaPairCorr
  0.99MURLX Mutual Of AmericaPairCorr
  0.99MURQX Mutual Of AmericaPairCorr
  0.99MURPX Mutual Of AmericaPairCorr
  0.99MUROX Mutual Of AmericaPairCorr
  0.99VIMAX Vanguard Mid CapPairCorr
  0.99VIMSX Vanguard Mid CapPairCorr
  0.99VMCPX Vanguard Mid CapPairCorr
  0.99VMCIX Vanguard Mid CapPairCorr
  0.99VEXAX Vanguard Extended MarketPairCorr
  0.99VEMPX Vanguard Extended MarketPairCorr
  0.99VIEIX Vanguard Extended MarketPairCorr
  0.97VSEMX Vanguard Extended MarketPairCorr
  0.99VEXMX Vanguard Extended MarketPairCorr
  0.99FSMAX Fidelity Extended MarketPairCorr
  0.98VTSAX Vanguard Total StockPairCorr
  0.98VFIAX Vanguard 500 IndexPairCorr
  0.99VTSMX Vanguard Total StockPairCorr
  0.99VSMPX Vanguard Total StockPairCorr

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  0.66  0.25  0.12 (3.18) 0.56 
(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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