Manning Napier Correlations

MNOSX Fund

USD 36.26 0.68 1.91%

The current 90-days correlation between Manning Napier Overseas and World Precious Minerals is 0.31 (i.e., Weak 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 weak diversification

The correlation between Manning Napier Overseas and DJI is 0.57 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Manning Napier Overseas 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 Overseas. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as various price indices.

Moving together with Manning Mutual Fund

0.61	MGHRX	Morgan Stanley Insti	Pair Corr
0.63	MBIRX	Morgan Stanley Insight	Pair Corr
0.61	MGRPX	Growth Portfolio Class	Pair Corr
0.63	MCRTX	Morgan Stanley Multi	Pair Corr
0.61	MSGUX	Growth Portfolio Class	Pair Corr
0.63	MSCMX	Morgan Stanley Multi	Pair Corr

Moving against Manning Mutual Fund

0.38	KO	Coca Cola Aggressive Push	Pair Corr
0.36	DD	Dupont De Nemours	Pair Corr

Related Correlations Analysis

	UNWPX	SGDLX	OGMCX	GLDAX	QGLDX	FRGOX
UNWPX		0.98	0.97	0.96	0.85	0.99	UNWPX
SGDLX	0.98		0.97	0.98	0.89	0.99	SGDLX
OGMCX	0.97	0.97		0.98	0.84	0.98	OGMCX
GLDAX	0.96	0.98	0.98		0.89	0.99	GLDAX
QGLDX	0.85	0.89	0.84	0.89		0.88	QGLDX
FRGOX	0.99	0.99	0.98	0.99	0.88		FRGOX
	UNWPX	SGDLX	OGMCX	GLDAX	QGLDX	FRGOX

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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
UNWPX	1.87	0.36	0.12	0.48	2.52	(1.92)	3.89	(4.11)	11.53
SGDLX	1.66	0.31	0.10	0.61	2.53	(1.59)	3.18	(3.84)	11.70
OGMCX	1.73	0.33	0.11	0.52	2.39	(1.71)	4.00	(3.95)	12.07
GLDAX	1.73	0.33	0.11	0.57	2.44	(1.75)	3.61	(3.85)	12.15
QGLDX	1.00	0.30	0.16	2.20	1.42	(1.10)	2.41	(1.88)	9.86
FRGOX	1.78	0.34	0.13	0.52	2.32	(1.94)	3.50	(4.06)	11.80

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