Manning Napier Correlations

Mutual Funds . USA . 
Fund . Manning Napier Pro Blend
MNMWX Fund  USD 14.81  0.01  0.07%   
The current 90-days correlation between Manning Napier Pro and Wcm Focused Emerging is 0.04 (i.e., Significant 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

Very poor diversification

The correlation between Manning Napier Pro Blend 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 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

  0.94CEIIX Manning Napier CallodinePairCorr
  0.94CEIZX Manning Napier CallodinePairCorr
  0.95CEISX Manning Napier CallodinePairCorr
  1.0MNBAX Pro Blend ExtendedPairCorr
  1.0MNBIX Pro Blend ExtendedPairCorr
  0.89MNCPX Unconstrained Bond SeriesPairCorr
  0.99MNCRX Pro Blend ServativePairCorr
  0.96MNCWX Manning Napier ProPairCorr
  0.97MNDFX Disciplined Value SeriesPairCorr
  1.0MNBRX Pro-blend(r) ExtendedPairCorr
  1.0MNBWX Manning Napier ProPairCorr
  0.99MNCCX Pro Blend ServativePairCorr
  0.99MNCIX Pro-blend(r) ConservativePairCorr
  0.95MNDWX Manning Napier DiverPairCorr
  1.0MNECX Pro Blend ExtendedPairCorr
  0.96MNHCX Pro-blend(r) MaximumPairCorr
  0.97MNHAX High Yield BondPairCorr
  0.99MNHIX Pro Blend MaximumPairCorr
  0.99MNHRX Pro-blend(r) MaximumPairCorr
  0.97MNHWX Manning Napier ProPairCorr
  0.97MNHYX High Yield BondPairCorr
  0.98MNMCX Pro-blend(r) ModeratePairCorr
  0.98MNMIX Pro-blend(r) ModeratePairCorr
  0.98MNMRX Pro-blend(r) ModeratePairCorr
  0.94MNOSX Manning Napier OverseasPairCorr
  0.82MNOWX Manning Napier OverseasPairCorr
  0.95MNOZX Manning Napier OverseasPairCorr
  0.96RAIIX Rainier InternationalPairCorr
  0.96RAIRX Rainier InternationalPairCorr
  0.96RAIWX Manning Napier RainierPairCorr
  0.86MCDIX Manning Napier CreditPairCorr
  0.69MCBWX Manning Napier CorePairCorr
  0.68MCBZX Manning Napier CorePairCorr
  0.88MCDWX Manning Napier CreditPairCorr
  0.88MUBWX Manning Napier UnconPairCorr
  0.95MDFSX Disciplined Value SeriesPairCorr
  0.93MDVWX Manning Napier DisciPairCorr
  0.95MDVZX Manning Napier DisciPairCorr
  0.98EXBAX Pro-blend(r) ModeratePairCorr

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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