Mutual Of Correlations

Mutual Funds . USA . 
Fund . Mutual Of America
MASOX Fund   10.18  0.02  0.20%   
The current 90-days correlation between Mutual Of America and Mutual Of America is 0.02 (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 -0.13 (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 persons.

Moving together with Mutual Mutual Fund

  0.63MABDX Mutual Of AmericaPairCorr
  0.97MAAKX Mutual Of AmericaPairCorr
  0.97MAANX Mutual Of AmericaPairCorr
  0.97MACCX Mutual Of AmericaPairCorr
  0.96MACAX Mutual Of AmericaPairCorr
  0.97MACHX Mutual Of AmericaPairCorr
  0.98MAEIX Mutual Of AmericaPairCorr
  0.96MAGKX Mutual Of AmericaPairCorr
  0.94MAIFX Mutual Of AmericaPairCorr
  0.76MAMBX Mutual Of AmericaPairCorr
  0.98MAMOX Mutual Of AmericaPairCorr
  0.99MAMVX Mutual Of AmericaPairCorr
  0.95MARMX Mutual Of AmericaPairCorr
  0.96MAVKX Mutual Of AmericaPairCorr
  0.97MURJX Mutual Of AmericaPairCorr
  0.97MURIX Mutual Of AmericaPairCorr
  0.98MURHX Mutual Of AmericaPairCorr
  0.96MURGX Mutual Of AmericaPairCorr
  0.99MURNX Mutual Of AmericaPairCorr
  0.97MURMX Mutual Of AmericaPairCorr
  0.97MURLX Mutual Of AmericaPairCorr
  0.97MURQX Mutual Of AmericaPairCorr
  0.99MURPX Mutual Of AmericaPairCorr
  0.97MUROX Mutual Of AmericaPairCorr
  0.97VSMAX Vanguard Small CapPairCorr
  0.97VSCIX Vanguard Small CapPairCorr
  0.97VSCPX Vanguard Small CapPairCorr
  0.97NAESX Vanguard Small CapPairCorr
  0.97FSSNX Fidelity Small CapPairCorr
  0.97DFSTX Us Small CapPairCorr
  0.96PASVX T Rowe PricePairCorr
  1.0PRVIX T Rowe PricePairCorr
  0.96TRZVX T Rowe PricePairCorr
  0.96PRSVX T Rowe PricePairCorr
  0.73NHS Neuberger Berman HighPairCorr
  0.98MEICX Mfs Value FundPairCorr
  0.99BDBPX Ishares Russell 2000PairCorr
  0.97PZIIX Pzena International SmallPairCorr

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  0.24  0.01 (0.37) 0.27  0.20 
(0.27)
 0.50 
(0.49)
 1.15 
MAAKX  0.65  0.08  0.08  0.23  0.60 
(0.75)
 1.91 
(1.29)
 5.13 
MAANX  0.50  0.09  0.05  0.26  0.46 
(0.56)
 1.54 
(1.13)
 3.71 
MACCX  0.66  0.12  0.12  0.27  0.56 
(0.78)
 2.06 
(1.22)
 4.90 
MACAX  0.25  0.05 (0.11) 0.28  0.00 
(0.31)
 0.79 
(0.45)
 1.76 
MACHX  0.40  0.17  0.05 (3.09) 0.26 
(0.50)
 1.35 
(0.94)
 3.11 
MAEIX  0.65  0.24  0.10 (3.27) 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  0.20  0.07 (2.14) 0.38 
(0.60)
 1.33 
(1.12)
 3.34 
MAMBX  0.15  0.00 (0.59) 0.00  0.00 
(0.19)
 0.31 
(0.31)
 0.83 

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