Mutual Of Correlations

Mutual Funds . USA . 
Fund . Mutual Of America
MURMX Fund   15.15  0.01  0.07%   
The current 90-days correlation between Mutual Of America and Mutual Of America is 0.28 (i.e., Modest 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

Almost no diversification

The correlation between Mutual Of America and DJI is 0.9 (i.e., Almost no 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 population.

Moving together with Mutual Mutual Fund

  0.69MABDX Mutual Of AmericaPairCorr
  1.0MAAKX Mutual Of AmericaPairCorr
  1.0MAANX Mutual Of AmericaPairCorr
  1.0MACCX Mutual Of AmericaPairCorr
  0.99MACAX Mutual Of AmericaPairCorr
  1.0MACHX Mutual Of AmericaPairCorr
  0.98MAEIX Mutual Of AmericaPairCorr
  0.99MAGKX Mutual Of AmericaPairCorr
  0.98MAIFX Mutual Of AmericaPairCorr
  0.81MAMBX Mutual Of AmericaPairCorr
  0.99MAMEX Mutual Of AmericaPairCorr
  1.0MAMOX Mutual Of AmericaPairCorr
  0.98MAMVX Mutual Of AmericaPairCorr
  0.99MASOX Mutual Of AmericaPairCorr
  0.99MARMX Mutual Of AmericaPairCorr
  0.97MAVKX Mutual Of AmericaPairCorr
  1.0MURJX Mutual Of AmericaPairCorr
  1.0MURIX Mutual Of AmericaPairCorr
  0.98MURHX Mutual Of AmericaPairCorr
  0.99MURGX Mutual Of AmericaPairCorr
  1.0MURNX Mutual Of AmericaPairCorr
  1.0MURLX Mutual Of AmericaPairCorr
  1.0MURQX Mutual Of AmericaPairCorr
  0.99MURPX Mutual Of AmericaPairCorr
  1.0MUROX Mutual Of AmericaPairCorr
  1.0VTIVX Vanguard Target RetiPairCorr
  1.0AAHTX American Funds 2045PairCorr
  0.98CCHTX American Funds 2045PairCorr
  1.0FATTX American Funds 2045PairCorr
  1.0FFFGX Fidelity Freedom 2045PairCorr
  1.0FJTKX Fidelity Freedom 2045PairCorr
  1.0FQIPX Fidelity Freedom IndexPairCorr
  0.98TRIKX T Rowe PricePairCorr
  1.0FIOFX Fidelity Freedom IndexPairCorr
  0.75NHS Neuberger Berman HighPairCorr
  0.91SVAIX Federated Strategic ValuePairCorr
  0.92KGIRX Kopernik InternationalPairCorr
  0.95AQRNX Aqr Risk ParityPairCorr
  0.99DDVRX Delaware ValuePairCorr

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  0.01 (0.36) 0.24  0.21 
(0.27)
 0.50 
(0.49)
 1.15 
MAAKX  0.65  0.09  0.08  0.23  0.60 
(0.75)
 1.91 
(1.29)
 5.13 
MAANX  0.50  0.09  0.06  0.26  0.46 
(0.57)
 1.54 
(1.13)
 3.71 
MACCX  0.67  0.12  0.12  0.26  0.57 
(0.80)
 2.06 
(1.22)
 4.90 
MACAX  0.25  0.05 (0.10) 0.28  0.00 
(0.31)
 0.79 
(0.45)
 1.76 
MACHX  0.40  0.09  0.06  0.30  0.26 
(0.50)
 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  0.87  0.06  0.06  0.19  0.87 
(1.05)
 1.91 
(1.80)
 5.92 
MAIFX  0.53  0.14  0.08  0.49  0.38 
(0.60)
 1.33 
(1.12)
 3.34 
MAMBX  0.15  0.02 (0.56) 3.25  0.00 
(0.19)
 0.31 
(0.31)
 0.83 

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