Pro-blend(r) Conservative Correlations

Mutual Funds . USA . 
Fund . Pro Blend Servative Term
MNCIX Fund  USD 13.41  0.02  0.15%   
The current 90-days correlation between Pro-blend(r) Conservative and Manning Napier Credit is 0.77 (i.e., Poor diversification). The correlation of Pro-blend(r) Conservative 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) Conservative Correlation With Market

Poor diversification

The correlation between Pro Blend Servative Term and DJI is 0.68 (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 gross domestic product.

Moving together with Pro-blend(r) Mutual Fund

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

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Risk-Adjusted Indicators

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