Manning Napier Correlations

Mutual Funds . USA . 
Fund . Manning Napier Core
MCBZX Fund  USD 9.14  0.02  0.22%   
The current 90-days correlation between Manning Napier Core and Unconstrained Bond Series is 0.07 (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

Significant diversification

The correlation between Manning Napier Core and DJI is 0.02 (i.e., Significant 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 nation.

Moving together with Manning Mutual Fund

  0.64MNBAX Pro Blend ExtendedPairCorr
  0.64MNBIX Pro Blend ExtendedPairCorr
  0.72MNCPX Unconstrained Bond SeriesPairCorr
  0.75MNCRX Pro Blend ServativePairCorr
  0.77MNCWX Manning Napier ProPairCorr
  0.64MNBRX Pro-blend(r) ExtendedPairCorr
  0.72MNDWX Manning Napier DiverPairCorr
  0.67MNMCX Pro-blend(r) ModeratePairCorr
  0.67MNMRX Pro-blend(r) ModeratePairCorr
  0.67RAIIX Rainier InternationalPairCorr
  0.67RAIWX Manning Napier RainierPairCorr
  0.69MCDIX Manning Napier CreditPairCorr
  0.71MCBWX Manning Napier CorePairCorr
  0.88MCDSX Manning Napier CreditPairCorr
  0.65MCDWX Manning Napier CreditPairCorr
  0.72MUBWX Manning Napier UnconPairCorr
  0.64MDFSX Disciplined Value SeriesPairCorr
  0.65MDVWX Manning Napier DisciPairCorr
  0.65MDVZX Manning Napier DisciPairCorr
  0.67EXBAX Pro-blend(r) ModeratePairCorr
  0.89EXCPX Unconstrained Bond SeriesPairCorr
  0.9EXCIX Core Bond SeriesPairCorr

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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