Pro Blend Correlations

Mutual Funds . USA . 
Fund . Pro Blend Servative Term
MNCCX Fund  USD 13.42  0.01  0.07%   
The current 90-days correlation between Pro Blend Servative and Elfun Government Money is 0.05 (i.e., Significant diversification). The correlation of Pro Blend 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 Correlation With Market

Poor diversification

The correlation between Pro Blend Servative Term and DJI is 0.71 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pro Blend Servative 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 Servative 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 main economic indicators.

Moving together with Pro Mutual Fund

  0.9CEIIX Manning Napier CallodinePairCorr
  0.9CEIZX Manning Napier CallodinePairCorr
  0.91CEISX Manning Napier CallodinePairCorr
  0.98MNBAX Pro Blend ExtendedPairCorr
  0.98MNBIX Pro Blend ExtendedPairCorr
  0.92MNCPX Unconstrained Bond SeriesPairCorr
  1.0MNCRX Pro Blend ServativePairCorr
  0.95MNDFX Disciplined Value SeriesPairCorr
  0.98MNBRX Pro-blend(r) ExtendedPairCorr
  0.98MNBWX Manning Napier ProPairCorr
  1.0MNCIX Pro-blend(r) ConservativePairCorr
  0.94MNDWX Manning Napier DiverPairCorr
  0.98MNECX Pro Blend ExtendedPairCorr
  0.93MNHCX Pro-blend(r) MaximumPairCorr
  0.97MNHAX High Yield BondPairCorr
  0.96MNHIX Pro Blend MaximumPairCorr
  0.96MNHRX Pro-blend(r) MaximumPairCorr
  0.93MNHWX Manning Napier ProPairCorr
  0.97MNHYX High Yield BondPairCorr
  0.96MNMIX Pro-blend(r) ModeratePairCorr
  0.99MNMRX Pro-blend(r) ModeratePairCorr
  0.99MNMWX Manning Napier ProPairCorr
  0.9MNOSX Manning Napier OverseasPairCorr
  0.77MNOWX Manning Napier OverseasPairCorr
  0.91MNOZX Manning Napier OverseasPairCorr
  0.95RAIIX Rainier InternationalPairCorr
  0.96RAIRX Rainier InternationalPairCorr
  0.96RAIWX Manning Napier RainierPairCorr
  0.91MCDIX Manning Napier CreditPairCorr
  0.79MCBWX Manning Napier CorePairCorr
  0.93MCDWX Manning Napier CreditPairCorr
  0.92MUBWX Manning Napier UnconPairCorr
  0.95MDFSX Disciplined Value SeriesPairCorr
  0.95MDVZX Manning Napier DisciPairCorr
  0.96EXBAX Pro-blend(r) ModeratePairCorr
  0.92EXCPX Unconstrained Bond SeriesPairCorr
  0.76EXCIX Core Bond SeriesPairCorr
  1.0EXDAX Pro-blend(r) ConservativePairCorr
  0.76EXCRX Core Bond SeriesPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Pro Mutual Fund performing well and Pro Blend 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'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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