Disciplined Value Correlations

Mutual Funds . USA . 
Fund . Disciplined Value Series
MNDFX Fund  USD 8.44  0.03  0.35%   
The current 90-days correlation between Disciplined Value Series and Blackrock Capital Appreciation is -0.07 (i.e., Good diversification). The correlation of Disciplined Value 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.

Disciplined Value Correlation With Market

Very poor diversification

The correlation between Disciplined Value Series and DJI is 0.86 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Disciplined Value Series 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 Disciplined Value Series. 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 census.

Moving together with Disciplined Mutual Fund

  0.93CEIIX Manning Napier CallodinePairCorr
  0.93CEIZX Manning Napier CallodinePairCorr
  0.93CEISX Manning Napier CallodinePairCorr
  0.96MNBAX Pro Blend ExtendedPairCorr
  0.96MNBIX Pro Blend ExtendedPairCorr
  0.86MNCPX Unconstrained Bond SeriesPairCorr
  0.95MNCRX Pro Blend ServativePairCorr
  0.95MNCWX Manning Napier ProPairCorr
  0.96MNBRX Pro-blend(r) ExtendedPairCorr
  0.97MNBWX Manning Napier ProPairCorr
  0.95MNCCX Pro Blend ServativePairCorr
  0.95MNCIX Pro-blend(r) ConservativePairCorr
  0.93MNDWX Manning Napier DiverPairCorr
  0.96MNECX Pro Blend ExtendedPairCorr
  0.94MNHCX Pro-blend(r) MaximumPairCorr
  0.97MNHAX High Yield BondPairCorr
  0.96MNHIX Pro Blend MaximumPairCorr
  0.96MNHRX Pro-blend(r) MaximumPairCorr
  0.94MNHWX Manning Napier ProPairCorr
  0.97MNHYX High Yield BondPairCorr
  0.96MNMCX Pro-blend(r) ModeratePairCorr
  0.95MNMIX Pro-blend(r) ModeratePairCorr
  0.96MNMRX Pro-blend(r) ModeratePairCorr
  0.97MNMWX Manning Napier ProPairCorr
  0.88MNOSX Manning Napier OverseasPairCorr
  0.74MNOWX Manning Napier OverseasPairCorr
  0.89MNOZX Manning Napier OverseasPairCorr
  0.95RAIIX Rainier InternationalPairCorr
  0.96RAIRX Rainier InternationalPairCorr
  0.96RAIWX Manning Napier RainierPairCorr
  0.85MCDIX Manning Napier CreditPairCorr
  0.65MCBWX Manning Napier CorePairCorr
  0.65MCBZX Manning Napier CorePairCorr
  0.84MCDSX Manning Napier CreditPairCorr
  0.85MCDWX Manning Napier CreditPairCorr
  0.87MUBWX Manning Napier UnconPairCorr
  1.0MDFSX Disciplined Value SeriesPairCorr
  1.0MDVWX Manning Napier DisciPairCorr
  1.0MDVZX Manning Napier DisciPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Disciplined Mutual Fund performing well and Disciplined Value 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 Disciplined Value'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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