Pro-blend(r) Maximum Correlations

MNHCX Fund

USD 26.97 0.27 0.99%

The current 90-days correlation between Pro-blend(r) Maximum and Invesco Energy Fund is -0.11 (i.e., Good diversification). The correlation of Pro-blend(r) Maximum 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) Maximum Correlation With Market

Good diversification

The correlation between Pro Blend Maximum Term and DJI is -0.1 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pro Blend Maximum 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 Maximum 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 interest.

Moving together with Pro-blend(r) Mutual Fund

0.71	MNBAX	Pro-blend(r) Extended	Pair Corr
0.71	MNBIX	Pro-blend(r) Extended	Pair Corr
0.85	MNCRX	Pro-blend(r) Conservative	Pair Corr
0.73	MNDFX	Disciplined Value Series	Pair Corr
0.97	MNBRX	Pro Blend Extended	Pair Corr
0.71	MNBWX	Manning Napier Pro	Pair Corr
0.7	MNECX	Pro Blend Extended	Pair Corr
0.74	MNHIX	Pro-blend(r) Maximum	Pair Corr
0.77	MNHRX	Pro-blend(r) Maximum	Pair Corr
0.76	MNHWX	Manning Napier Pro	Pair Corr
0.68	MNMCX	Pro-blend(r) Moderate	Pair Corr
0.94	MNMIX	Pro Blend Moderate	Pair Corr
0.68	MNMRX	Pro Blend Moderate	Pair Corr
0.67	MNMWX	Manning Napier Pro	Pair Corr
0.93	EXBAX	Pro-blend(r) Moderate	Pair Corr

Related Correlations Analysis

	IEFCX	BACCX	IGNAX	ICBAX	HNRGX	CAEIX
IEFCX		0.96	0.37	0.36	0.89	0.39	IEFCX
BACCX	0.96		0.42	0.4	0.85	0.34	BACCX
IGNAX	0.37	0.42		0.92	0.7	0.86	IGNAX
ICBAX	0.36	0.4	0.92		0.64	0.82	ICBAX
HNRGX	0.89	0.85	0.7	0.64		0.71	HNRGX
CAEIX	0.39	0.34	0.86	0.82	0.71		CAEIX
	IEFCX	BACCX	IGNAX	ICBAX	HNRGX	CAEIX

Risk-Adjusted Indicators

There is a big difference between Pro-blend(r) Mutual Fund performing well and Pro-blend(r) Maximum 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) Maximum'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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
IEFCX	0.76	0.05	0.01	0.18	0.95	(0.78)	1.55	(1.61)	4.95
BACCX	0.64	0.05	0.00	0.22	0.73	(0.65)	1.36	(1.50)	3.81
IGNAX	0.71	0.23	0.13	(3.99)	0.80	(0.76)	1.77	(1.74)	5.41
ICBAX	1.03	0.14	0.05	(2.35)	1.02	(1.28)	3.33	(1.85)	7.06
HNRGX	0.84	0.10	0.06	0.23	1.01	(0.87)	1.81	(1.56)	5.96
CAEIX	0.72	0.04	0.03	0.11	0.85	(0.74)	1.48	(1.69)	5.24

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Pro-blend(r) Maximum Correlations

Pro-blend(r) Maximum Correlation With Market

Good diversification

Moving together with Pro-blend(r) Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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