Manning Napier Correlations

Mutual Funds . USA . 
Fund . Manning Napier Credit
MCDSX Fund   9.04  0.02  0.22%   
The current 90-days correlation between Manning Napier Credit and Manning Napier Callodine is 0.13 (i.e., Average 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 Credit and DJI is 0.21 (i.e., Modest 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 state.

Moving together with Manning Mutual Fund

  0.74CEIIX Manning Napier CallodinePairCorr
  0.74CEIZX Manning Napier CallodinePairCorr
  0.74CEISX Manning Napier CallodinePairCorr
  0.84MNBAX Pro Blend ExtendedPairCorr
  0.84MNBIX Pro Blend ExtendedPairCorr
  0.99MNCPX Unconstrained Bond SeriesPairCorr
  0.93MNCRX Pro Blend ServativePairCorr
  0.89MNCWX Manning Napier ProPairCorr
  0.84MNDFX Disciplined Value SeriesPairCorr
  0.84MNBRX Pro-blend(r) ExtendedPairCorr
  0.84MNBWX Manning Napier ProPairCorr
  0.93MNCCX Pro Blend ServativePairCorr
  0.93MNCIX Pro-blend(r) ConservativePairCorr
  0.88MNDWX Manning Napier DiverPairCorr
  0.84MNECX Pro Blend ExtendedPairCorr
  0.78MNHCX Pro-blend(r) MaximumPairCorr
  0.9MNHAX High Yield BondPairCorr
  0.78MNHIX Pro Blend MaximumPairCorr
  0.78MNHRX Pro-blend(r) MaximumPairCorr
  0.79MNHWX Manning Napier ProPairCorr
  0.9MNHYX High Yield BondPairCorr
  0.86MNMCX Pro-blend(r) ModeratePairCorr
  0.87MNMIX Pro-blend(r) ModeratePairCorr
  0.86MNMRX Pro-blend(r) ModeratePairCorr
  0.87MNMWX Manning Napier ProPairCorr
  0.7MNOSX Manning Napier OverseasPairCorr
  0.7MNOZX Manning Napier OverseasPairCorr
  0.87RAIIX Rainier InternationalPairCorr
  0.87RAIRX Rainier InternationalPairCorr
  0.87RAIWX Manning Napier RainierPairCorr
  1.0MCDIX Manning Napier CreditPairCorr
  0.95MCBWX Manning Napier CorePairCorr
  0.88MCBZX Manning Napier CorePairCorr
  1.0MCDWX Manning Napier CreditPairCorr
  0.99MUBWX Manning Napier UnconPairCorr
  0.83MDFSX Disciplined Value SeriesPairCorr
  0.84MDVWX Manning Napier DisciPairCorr
  0.84MDVZX Manning Napier DisciPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
CEIIX  0.86  0.07  0.06  0.20  0.77 
(1.06)
 2.25 
(1.50)
 6.09 
CEIZX  0.87  0.07  0.06  0.20  0.77 
(1.06)
 2.42 
(1.50)
 5.94 
CEISX  0.85  0.07  0.06  0.20  0.76 
(1.04)
 2.43 
(1.51)
 5.96 
MNBAX  0.40  0.03 (0.05) 0.19  0.31 
(0.46)
 1.18 
(0.69)
 2.61 
MNBIX  0.39  0.03 (0.05) 0.20  0.30 
(0.45)
 1.18 
(0.69)
 2.57 
MNCPX  0.10  0.02 (0.64) 2.41  0.00 
(0.15)
 0.20 
(0.20)
 0.61 
MNCRX  0.20  0.02 (0.27) 0.22  0.00 
(0.26)
 0.45 
(0.45)
 1.53 
MNCWX  0.21  0.06 (0.24)(2.23) 0.00 
(0.28)
 0.55 
(0.38)
 1.45 
MNDFX  0.64  0.03  0.01  0.18  0.59 
(0.77)
 1.67 
(1.05)
 4.75 
MNBRX  0.39  0.03 (0.06) 0.19  0.31 
(0.44)
 1.18 
(0.69)
 2.57 

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