Mutual Of Correlations

Mutual Funds . USA . 
Fund . Mutual Of America
MAVKX Fund   14.07  0.09  0.64%   
The current 90-days correlation between Mutual Of America and Mutual Of America is 0.14 (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

Poor diversification

The correlation between Mutual Of America and DJI is 0.79 (i.e., 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 industry.

Moving together with Mutual Mutual Fund

  0.65MABDX Mutual Of AmericaPairCorr
  0.98MAAKX Mutual Of AmericaPairCorr
  0.97MAANX Mutual Of AmericaPairCorr
  0.96MACCX Mutual Of AmericaPairCorr
  0.96MACAX Mutual Of AmericaPairCorr
  0.96MACHX Mutual Of AmericaPairCorr
  0.94MAEIX Mutual Of AmericaPairCorr
  0.98MAGKX Mutual Of AmericaPairCorr
  0.92MAIFX Mutual Of AmericaPairCorr
  0.74MAMBX Mutual Of AmericaPairCorr
  0.99MAMEX Mutual Of AmericaPairCorr
  0.96MAMOX Mutual Of AmericaPairCorr
  0.99MAMVX Mutual Of AmericaPairCorr
  0.99MASOX Mutual Of AmericaPairCorr
  0.95MARMX Mutual Of AmericaPairCorr
  0.97MURJX Mutual Of AmericaPairCorr
  0.97MURIX Mutual Of AmericaPairCorr
  0.94MURHX Mutual Of AmericaPairCorr
  0.96MURGX Mutual Of AmericaPairCorr
  0.97MURNX Mutual Of AmericaPairCorr
  0.97MURMX Mutual Of AmericaPairCorr
  0.97MURLX Mutual Of AmericaPairCorr
  0.97MURQX Mutual Of AmericaPairCorr
  0.97MURPX Mutual Of AmericaPairCorr
  0.97MUROX Mutual Of AmericaPairCorr
  0.99VSIIX Vanguard Small CapPairCorr
  0.99VISVX Vanguard Small CapPairCorr
  0.99DFSVX Us Small CapPairCorr
  0.99DFFVX Us Targeted ValuePairCorr
  0.99UBVCX Undiscovered ManagersPairCorr
  0.95UBVAX Undiscovered ManagersPairCorr
  0.95UBVSX Undiscovered ManagersPairCorr
  0.99AVFIX American Beacon SmallPairCorr
  0.96PDI Pimco Dynamic IncomePairCorr

Moving against Mutual Mutual Fund

  0.97UIPIX Ultrashort Mid CapPairCorr
  0.94USPSX Profunds UltrashortPairCorr
  0.94USPIX Profunds UltrashortPairCorr
  0.7TCTGX Transamerica CleartrackPairCorr
  0.7TCTJX Transamerica CleartrackPairCorr
  0.69TDKTX Cleartrack 2015 ClassPairCorr
  0.66TCSUX Cleartrack 2020 ClassPairCorr

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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