Manning Napier Correlations

Mutual Funds . USA . 
Fund . Manning Napier Core
MCBWX Fund  USD 9.37  0.03  0.32%   
The current 90-days correlation between Manning Napier Core and Blackrock All Cap Energy is -0.23 (i.e., Very good 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

Average diversification

The correlation between Manning Napier Core and DJI is 0.1 (i.e., Average 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 population.

Moving together with Manning Mutual Fund

  0.86MNBAX Pro-blend(r) ExtendedPairCorr
  0.86MNBIX Pro-blend(r) ExtendedPairCorr
  0.98MNCPX Unconstrained Bond SeriesPairCorr
  0.94MNCRX Pro-blend(r) ConservativePairCorr
  0.96MNCWX Manning Napier ProPairCorr
  0.73MNDFX Disciplined Value SeriesPairCorr
  0.85MNBRX Pro Blend ExtendedPairCorr
  0.87MNBWX Manning Napier ProPairCorr
  0.94MNCCX Pro-blend(r) ConservativePairCorr
  0.94MNCIX Pro-blend(r) ConservativePairCorr
  0.96MNDWX Manning Napier DiverPairCorr
  0.84MNECX Pro Blend ExtendedPairCorr
  0.73MNHCX Pro-blend(r) MaximumPairCorr
  0.72MNHAX High Yield BondPairCorr
  0.76MNHIX Pro-blend(r) MaximumPairCorr
  0.75MNHRX Pro-blend(r) MaximumPairCorr
  0.76MNHWX Manning Napier ProPairCorr
  0.74MNHYX High Yield BondPairCorr
  0.88MNMCX Pro-blend(r) ModeratePairCorr
  0.9MNMIX Pro Blend ModeratePairCorr
  0.89MNMRX Pro Blend ModeratePairCorr
  0.91MNMWX Manning Napier ProPairCorr
  0.99MCDIX Manning Napier CreditPairCorr
  1.0MCBZX Manning Napier CorePairCorr
  1.0MCDSX Manning Napier CreditPairCorr
  0.99MCDWX Manning Napier CreditPairCorr
  0.98MUBWX Manning Napier UnconPairCorr
  0.72MDFSX Disciplined Value SeriesPairCorr
  0.74MDVWX Manning Napier DisciPairCorr
  0.73MDVZX Manning Napier DisciPairCorr
  0.9EXBAX Pro-blend(r) ModeratePairCorr

Moving against Manning Mutual Fund

  0.41CEISX Manning Napier CallodinePairCorr
  0.4CEIIX Manning Napier CallodinePairCorr
  0.4CEIZX Manning Napier CallodinePairCorr

Related Correlations Analysis


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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