Mutual Of Correlations

Mutual Funds . USA . 
Fund . Mutual Of America
MAMVX Fund   17.10  0.01  0.06%   
The current 90-days correlation between Mutual Of America and Oppenheimer Gold Special is 0.01 (i.e., Significant 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 -0.12 (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 real.

Moving together with Mutual Mutual Fund

  0.99MAAKX Mutual Of AmericaPairCorr
  0.73MAANX Mutual Of AmericaPairCorr
  0.72MACCX Mutual Of AmericaPairCorr
  0.7MACAX Mutual Of AmericaPairCorr
  0.97MACHX Mutual Of AmericaPairCorr
  0.98MAEIX Mutual Of AmericaPairCorr
  0.72MAGKX Mutual Of AmericaPairCorr
  0.94MAIFX Mutual Of AmericaPairCorr
  0.75MAMBX Mutual Of AmericaPairCorr
  0.96MAMEX Mutual Of AmericaPairCorr
  0.98MAMOX Mutual Of AmericaPairCorr
  0.99MASOX Mutual Of AmericaPairCorr
  0.95MAVKX Mutual Of AmericaPairCorr
  0.96MURIX Mutual Of AmericaPairCorr
  0.97MURHX Mutual Of AmericaPairCorr
  0.97MURGX Mutual Of AmericaPairCorr
  0.98MURNX Mutual Of AmericaPairCorr
  0.65MURMX Mutual Of AmericaPairCorr
  0.98MURLX Mutual Of AmericaPairCorr
  0.73MURQX Mutual Of AmericaPairCorr
  0.98MURPX Mutual Of AmericaPairCorr
  0.98MUROX Mutual Of AmericaPairCorr
  0.62VMVAX Vanguard Mid CapPairCorr
  0.65JVMAX John Hancock DisciplinedPairCorr
  0.64JVMIX John Hancock DisciplinedPairCorr
  0.62VMVIX Vanguard Mid CapPairCorr
  0.68JMVZX Jpmorgan Mid CapPairCorr
  0.68JMVRX Jpmorgan Mid CapPairCorr
  0.68JMVQX Jpmorgan Mid CapPairCorr
  0.68JMVYX Jpmorgan Mid CapPairCorr
  0.68JMVPX Jpmorgan Mid CapPairCorr
  0.67CIF Mfs Intermediate HighPairCorr
  0.73NXJ Nuveen New JerseyPairCorr

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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