Manning Napier Correlations

Mutual Funds USA . 
Fund . Manning Napier Pro Blend
MNHWX Fund  USD 26.92  0.07  0.26%   
The current 90-days correlation between Manning Napier Pro and Ab Small Cap is 0.9 (i.e., Almost no 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 Pro Blend and DJI is -0.13 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Manning Napier Pro Blend 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 Pro Blend. 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

  0.98CEIIX Manning Napier CallodinePairCorr
  0.98CEIZX Manning Napier CallodinePairCorr
  0.98CEISX Manning Napier CallodinePairCorr
  0.97MNBAX Pro Blend ExtendedPairCorr
  0.97MNBIX Pro Blend ExtendedPairCorr
  0.81MNCPX Unconstrained Bond SeriesPairCorr
  0.93MNCRX Pro Blend ServativePairCorr
  0.96MNCWX Manning Napier ProPairCorr
  0.94MNDFX Disciplined Value SeriesPairCorr
  0.97MNBRX Pro-blend(r) ExtendedPairCorr
  0.97MNBWX Manning Napier ProPairCorr
  0.93MNCCX Pro Blend ServativePairCorr
  0.93MNCIX Pro-blend(r) ConservativePairCorr
  0.93MNDWX Manning Napier DiverPairCorr
  0.97MNECX Pro Blend ExtendedPairCorr
  1.0MNHCX Pro-blend(r) MaximumPairCorr
  0.93MNHAX High Yield BondPairCorr
  0.98MNHIX Pro Blend MaximumPairCorr
  0.98MNHRX Pro-blend(r) MaximumPairCorr
  0.93MNHYX High Yield BondPairCorr
  0.96MNMCX Pro-blend(r) ModeratePairCorr
  0.99MNMIX Pro-blend(r) ModeratePairCorr
  0.96MNMRX Pro-blend(r) ModeratePairCorr
  0.97MNMWX Manning Napier ProPairCorr
  0.94MNOSX Manning Napier OverseasPairCorr
  0.88MNOWX Manning Napier OverseasPairCorr
  0.95MNOZX Manning Napier OverseasPairCorr
  0.95RAIIX Rainier InternationalPairCorr
  0.94RAIRX Rainier InternationalPairCorr
  0.94RAIWX Manning Napier RainierPairCorr
  0.79MCDIX Manning Napier CreditPairCorr
  0.81MCDSX Manning Napier CreditPairCorr
  0.78MCDWX Manning Napier CreditPairCorr
  0.81MUBWX Manning Napier UnconPairCorr
  0.94MDFSX Disciplined Value SeriesPairCorr
  0.94MDVWX Manning Napier DisciPairCorr
  0.94MDVZX Manning Napier DisciPairCorr

Related Correlations Analysis

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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.

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