Pro-blend(r) Extended Correlations

Mutual Funds . USA . 
Fund . Pro Blend Extended Term
MNBIX Fund  USD 20.65  0.09  0.44%   
The current 90-days correlation between Pro-blend(r) Extended and Transam Short Term Bond is 0.16 (i.e., Average diversification). The correlation of Pro-blend(r) Extended 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.

Pro-blend(r) Extended Correlation With Market

Very poor diversification

The correlation between Pro Blend Extended Term and DJI is 0.82 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pro Blend Extended Term 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 Pro Blend Extended Term. 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 Pro-blend(r) Mutual Fund

  1.0MNBAX Pro-blend(r) ExtendedPairCorr
  0.87MNCPX Unconstrained Bond SeriesPairCorr
  0.96MNCRX Pro-blend(r) ConservativePairCorr
  0.8MNDFX Disciplined Value SeriesPairCorr
  1.0MNBRX Pro-blend(r) ExtendedPairCorr
  1.0MNBWX Manning Napier ProPairCorr
  0.96MNCCX Pro-blend(r) ConservativePairCorr
  0.96MNCIX Pro-blend(r) ConservativePairCorr
  0.83MNDWX Manning Napier DiverPairCorr
  1.0MNECX Pro-blend(r) ExtendedPairCorr
  0.97MNHCX Pro-blend(r) MaximumPairCorr
  0.98MNHIX Pro-blend(r) MaximumPairCorr
  0.98MNHRX Pro-blend(r) MaximumPairCorr
  0.76MNHYX High Yield BondPairCorr
  1.0MNMCX Pro-blend(r) ModeratePairCorr
  0.92MNMIX Pro-blend(r) ModeratePairCorr
  1.0MNMRX Pro-blend(r) ModeratePairCorr
  0.99MNMWX Manning Napier ProPairCorr
  0.63MNOSX Manning Napier OverseasPairCorr
  0.68MNOZX Manning Napier OverseasPairCorr
  0.87MCDIX Manning Napier CreditPairCorr
  0.86MCBWX Manning Napier CorePairCorr
  0.86MCBZX Manning Napier CorePairCorr
  0.87MCDSX Manning Napier CreditPairCorr
  0.87MCDWX Manning Napier CreditPairCorr
  0.86MUBWX Manning Napier UnconPairCorr
  0.83MDFSX Disciplined Value SeriesPairCorr
  0.83MDVZX Manning Napier DisciPairCorr
  1.0EXBAX Pro-blend(r) ModeratePairCorr
  0.86EXCPX Unconstrained Bond SeriesPairCorr
  0.96EXDAX Pro-blend(r) ConservativePairCorr
  0.86EXCRX Core Bond SeriesPairCorr
  0.82EXDVX Diversified Tax ExemptPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Pro-blend(r) Mutual Fund performing well and Pro-blend(r) Extended 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 Pro-blend(r) Extended'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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2025 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY