Manning Napier Correlations

Mutual Funds . USA . 
Fund . Manning Napier Pro Blend
MNMWX Fund  USD 15.18  0.05  0.33%   
The current 90-days correlation between Manning Napier Pro and Ab Global Risk is 0.83 (i.e., Very poor 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 0.8 (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 population.

Moving together with Manning Mutual Fund

  0.99MNBAX Pro-blend(r) ExtendedPairCorr
  0.99MNBIX Pro-blend(r) ExtendedPairCorr
  0.91MNCPX Unconstrained Bond SeriesPairCorr
  0.98MNCRX Pro-blend(r) ConservativePairCorr
  0.98MNCWX Manning Napier ProPairCorr
  0.84MNDFX Disciplined Value SeriesPairCorr
  0.99MNBRX Pro Blend ExtendedPairCorr
  1.0MNBWX Manning Napier ProPairCorr
  0.98MNCCX Pro-blend(r) ConservativePairCorr
  0.98MNCIX Pro-blend(r) ConservativePairCorr
  0.88MNDWX Manning Napier DiverPairCorr
  0.99MNECX Pro Blend ExtendedPairCorr
  0.95MNHCX Pro-blend(r) MaximumPairCorr
  0.77MNHAX High Yield BondPairCorr
  0.96MNHIX Pro-blend(r) MaximumPairCorr
  0.77MNHRX Pro-blend(r) MaximumPairCorr
  0.96MNHWX Manning Napier ProPairCorr
  0.77MNHYX High Yield BondPairCorr
  0.83MNMCX Pro-blend(r) ModeratePairCorr
  1.0MNMIX Pro Blend ModeratePairCorr
  0.83MNMRX Pro Blend ModeratePairCorr
  0.61MNOSX Manning Napier OverseasPairCorr
  0.63MNOZX Manning Napier OverseasPairCorr
  0.91MCDIX Manning Napier CreditPairCorr
  0.75MCBWX Manning Napier CorePairCorr
  0.74MCBZX Manning Napier CorePairCorr
  0.74MCDSX Manning Napier CreditPairCorr
  0.74MCDWX Manning Napier CreditPairCorr
  0.91MUBWX Manning Napier UnconPairCorr
  0.84MDFSX Disciplined Value SeriesPairCorr
  0.63MDVWX Manning Napier DisciPairCorr
  0.84MDVZX Manning Napier DisciPairCorr
  1.0EXBAX Pro-blend(r) ModeratePairCorr

Related Correlations Analysis


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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