Mutual Of Correlations

Mutual Funds . USA . 
Fund . Mutual Of America
MURHX Fund   12.66  0.04  0.32%   
The current 90-days correlation between Mutual Of America and Mutual Of America is 0.03 (i.e., Significant diversification). The correlation of Mutual Of 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.

Mutual Of Correlation With Market

Good diversification

The correlation between Mutual Of America and DJI is -0.11 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mutual Of America 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 Mutual Of America. 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 rate.

Moving together with Mutual Mutual Fund

  0.67MAAKX Mutual Of AmericaPairCorr
  0.75MAANX Mutual Of AmericaPairCorr
  0.74MACCX Mutual Of AmericaPairCorr
  0.74MACAX Mutual Of AmericaPairCorr
  1.0MACHX Mutual Of AmericaPairCorr
  0.99MAEIX Mutual Of AmericaPairCorr
  0.75MAGKX Mutual Of AmericaPairCorr
  0.97MAIFX Mutual Of AmericaPairCorr
  0.86MAMBX Mutual Of AmericaPairCorr
  1.0MAMOX Mutual Of AmericaPairCorr
  0.97MAMVX Mutual Of AmericaPairCorr
  0.98MASOX Mutual Of AmericaPairCorr
  0.74MARMX Mutual Of AmericaPairCorr
  0.94MAVKX Mutual Of AmericaPairCorr
  0.75MURJX Mutual Of AmericaPairCorr
  0.99MURIX Mutual Of AmericaPairCorr
  0.67MURGX Mutual Of AmericaPairCorr
  1.0MURNX Mutual Of AmericaPairCorr
  0.98MURMX Mutual Of AmericaPairCorr
  0.75MURQX Mutual Of AmericaPairCorr
  1.0MURPX Mutual Of AmericaPairCorr
  0.99VTTVX Vanguard Target RetiPairCorr
  0.75AADTX American Funds 2025PairCorr
  0.61CCDTX American Funds 2025PairCorr
  0.99FAPTX American Funds 2025PairCorr
  0.68FSNPX Fidelity Freedom 2025PairCorr
  0.68FFTWX Fidelity Freedom 2025PairCorr
  0.68FDTKX Fidelity Freedom 2025PairCorr
  0.68TREHX T Rowe PricePairCorr
  0.98PARJX T Rowe PricePairCorr
  0.76NHS Neuberger Berman HighPairCorr
  0.97PAEIX T Rowe PricePairCorr
  0.74ACGKX Invesco Growth AndPairCorr
  0.81STMMX Sterling Capital StrattonPairCorr
  0.68CIMCX Income FundPairCorr
  1.0JNTEX Jpmorgan SmartretirementPairCorr
  0.74KAUIX Federated KaufmannPairCorr
  0.68IAXTX Vy T RowePairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Mutual Mutual Fund performing well and Mutual Of 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 Mutual Of'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
MABDX  0.23  0.02 (0.35) 20.94  0.17 
(0.27)
 0.50 
(0.41)
 1.15 
MAAKX  0.61  0.18  0.21  0.37  0.18 
(0.77)
 1.91 
(0.91)
 5.13 
MAANX  0.47  0.23  0.13 (3.26) 0.13 
(0.58)
 1.54 
(0.87)
 3.71 
MACCX  0.61  0.34  0.30 (5.71) 0.00 
(0.81)
 2.06 
(0.82)
 4.90 
MACAX  0.24  0.11 (0.05)(5.22) 0.00 
(0.32)
 0.79 
(0.35)
 1.76 
MACHX  0.41  0.18  0.07 (2.98) 0.21 
(0.51)
 1.35 
(0.94)
 3.11 
MAEIX  0.66  0.25  0.12 (3.18) 0.56 
(0.75)
 2.02 
(1.11)
 4.89 
MAGKX  0.83  0.28  0.13 (3.23) 0.70 
(1.06)
 1.91 
(1.59)
 5.92 
MAIFX  0.54  0.22  0.10 (2.14) 0.33 
(0.61)
 1.33 
(1.12)
 3.34 
MAMBX  0.15  0.02 (0.54)(5.84) 0.00 
(0.20)
 0.31 
(0.31)
 0.94 

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