Manning Napier Correlations

Mutual Funds . USA . 
Fund . Manning Napier Credit
MCDIX Fund   9.04  0.02  0.22%   
The current 90-days correlation between Manning Napier Credit and Icon Information Technology is 0.08 (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 Credit and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Manning Napier Credit 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 Credit. 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 gross domestic product.

Moving together with Manning Mutual Fund

  0.69CEIIX Manning Napier CallodinePairCorr
  0.69CEIZX Manning Napier CallodinePairCorr
  0.7CEISX Manning Napier CallodinePairCorr
  0.61MNBAX Pro Blend ExtendedPairCorr
  0.62MNBIX Pro Blend ExtendedPairCorr
  0.99MNCPX Unconstrained Bond SeriesPairCorr
  0.71MNCRX Pro Blend ServativePairCorr
  0.68MNCWX Manning Napier ProPairCorr
  0.81MNDFX Disciplined Value SeriesPairCorr
  0.61MNBRX Pro-blend(r) ExtendedPairCorr
  0.82MNBWX Manning Napier ProPairCorr
  0.92MNCCX Pro Blend ServativePairCorr
  0.92MNCIX Pro-blend(r) ConservativePairCorr
  0.81MNECX Pro Blend ExtendedPairCorr
  0.74MNHCX Pro-blend(r) MaximumPairCorr
  0.89MNHAX High Yield BondPairCorr
  0.75MNHIX Pro Blend MaximumPairCorr
  0.74MNHRX Pro-blend(r) MaximumPairCorr
  0.75MNHWX Manning Napier ProPairCorr
  0.89MNHYX High Yield BondPairCorr
  0.64MNMCX Pro-blend(r) ModeratePairCorr
  0.85MNMIX Pro-blend(r) ModeratePairCorr
  0.64MNMRX Pro-blend(r) ModeratePairCorr
  0.85MNMWX Manning Napier ProPairCorr
  0.65MNOZX Manning Napier OverseasPairCorr
  0.86RAIRX Rainier InternationalPairCorr
  0.94MCBWX Manning Napier CorePairCorr
  0.69MCBZX Manning Napier CorePairCorr
  0.83MCDSX Manning Napier CreditPairCorr
  1.0MCDWX Manning Napier CreditPairCorr
  0.99MUBWX Manning Napier UnconPairCorr
  0.65MDFSX Disciplined Value SeriesPairCorr
  0.66MDVWX Manning Napier DisciPairCorr
  0.66MDVZX Manning Napier DisciPairCorr
  0.64EXBAX Pro-blend(r) ModeratePairCorr
  0.8EXCPX Unconstrained Bond SeriesPairCorr
  0.81EXCIX Core Bond SeriesPairCorr
  0.71EXDAX Pro-blend(r) ConservativePairCorr

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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