Manning Napier Correlations

Mutual Funds . USA . 
Fund . Manning Napier Core
MCBWX Fund  USD 9.18  0.01  0.11%   
The current 90-days correlation between Manning Napier Core and Aqr Large Cap is 0.04 (i.e., Significant diversification). The correlation of Manning Napier 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.

Manning Napier Correlation With Market

Modest diversification

The correlation between Manning Napier Core and DJI is 0.24 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Manning Napier Core 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 Manning Napier Core. 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 housing.

Moving together with Manning Mutual Fund

  0.66MNBAX Pro Blend ExtendedPairCorr
  0.66MNBIX Pro Blend ExtendedPairCorr
  0.86MNCPX Unconstrained Bond SeriesPairCorr
  0.78MNCRX Pro Blend ServativePairCorr
  0.68MNCWX Manning Napier ProPairCorr
  0.65MNDFX Disciplined Value SeriesPairCorr
  0.66MNBRX Pro-blend(r) ExtendedPairCorr
  0.66MNBWX Manning Napier ProPairCorr
  0.79MNCCX Pro Blend ServativePairCorr
  0.79MNCIX Pro-blend(r) ConservativePairCorr
  0.68MNDWX Manning Napier DiverPairCorr
  0.65MNECX Pro Blend ExtendedPairCorr
  0.73MNHAX High Yield BondPairCorr
  0.73MNHYX High Yield BondPairCorr
  0.65MNMCX Pro-blend(r) ModeratePairCorr
  0.65MNMIX Pro-blend(r) ModeratePairCorr
  0.69MNMRX Pro-blend(r) ModeratePairCorr
  0.69MNMWX Manning Napier ProPairCorr
  0.67RAIIX Rainier InternationalPairCorr
  0.68RAIRX Rainier InternationalPairCorr
  0.68RAIWX Manning Napier RainierPairCorr
  0.88MCDIX Manning Napier CreditPairCorr
  0.81MCBZX Manning Napier CorePairCorr
  0.8MCDSX Manning Napier CreditPairCorr
  0.93MCDWX Manning Napier CreditPairCorr
  0.85MUBWX Manning Napier UnconPairCorr
  0.61MDFSX Disciplined Value SeriesPairCorr
  0.62MDVZX Manning Napier DisciPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Manning Mutual Fund performing well and Manning Napier 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 Manning Napier'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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