Manning Napier Correlations

Mutual Funds . USA . 
Fund . Manning Napier Diversified
MNDWX Fund  USD 10.26  0.03  0.29%   
The current 90-days correlation between Manning Napier Diver and Manning Napier Callodine is 0.21 (i.e., Modest 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

Good diversification

The correlation between Manning Napier Diversified and DJI is -0.08 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Manning Napier Diversified 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 Diversified. 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 housing.

Moving together with Manning Mutual Fund

  0.92CEIIX Manning Napier CallodinePairCorr
  0.92CEIZX Manning Napier CallodinePairCorr
  0.92CEISX Manning Napier CallodinePairCorr
  0.94MNBAX Pro Blend ExtendedPairCorr
  0.94MNBIX Pro Blend ExtendedPairCorr
  0.91MNCPX Unconstrained Bond SeriesPairCorr
  0.94MNCRX Pro Blend ServativePairCorr
  0.97MNCWX Manning Napier ProPairCorr
  0.93MNDFX Disciplined Value SeriesPairCorr
  0.94MNBRX Pro-blend(r) ExtendedPairCorr
  0.94MNBWX Manning Napier ProPairCorr
  0.94MNCCX Pro Blend ServativePairCorr
  0.95MNCIX Pro-blend(r) ConservativePairCorr
  0.94MNECX Pro Blend ExtendedPairCorr
  0.93MNHCX Pro-blend(r) MaximumPairCorr
  0.94MNHAX High Yield BondPairCorr
  0.93MNHIX Pro Blend MaximumPairCorr
  0.93MNHRX Pro-blend(r) MaximumPairCorr
  0.93MNHWX Manning Napier ProPairCorr
  0.94MNHYX High Yield BondPairCorr
  0.94MNMCX Pro-blend(r) ModeratePairCorr
  0.96MNMIX Pro-blend(r) ModeratePairCorr
  0.94MNMRX Pro-blend(r) ModeratePairCorr
  0.95MNMWX Manning Napier ProPairCorr
  0.88MNOSX Manning Napier OverseasPairCorr
  0.79MNOWX Manning Napier OverseasPairCorr
  0.88MNOZX Manning Napier OverseasPairCorr
  0.95RAIIX Rainier InternationalPairCorr
  0.95RAIRX Rainier InternationalPairCorr
  0.95RAIWX Manning Napier RainierPairCorr
  0.9MCDIX Manning Napier CreditPairCorr
  0.68MCBWX Manning Napier CorePairCorr
  0.72MCBZX Manning Napier CorePairCorr
  0.9MCDSX Manning Napier CreditPairCorr
  0.86MCDWX Manning Napier CreditPairCorr
  0.91MUBWX Manning Napier UnconPairCorr
  0.93MDFSX Disciplined Value SeriesPairCorr
  0.93MDVWX Manning Napier DisciPairCorr
  0.93MDVZX 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  0.87  0.23  0.08 (1.44) 0.75 
(1.06)
 2.25 
(1.50)
 6.09 
CEIZX  0.88  0.23  0.08 (1.41) 0.75 
(1.07)
 2.42 
(1.50)
 5.94 
CEISX  0.86  0.23  0.08 (1.41) 0.76 
(1.05)
 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  0.11  0.02 (0.62) 7.28  0.00 
(0.17)
 0.21 
(0.20)
 0.72 
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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