Mutual Of Correlations

Mutual Funds . USA . 
Fund . Mutual Of America
MURQX Fund   14.23  0.01  0.07%   
The current 90-days correlation between Mutual Of America and Dunham Porategovernment Bond is -0.09 (i.e., Good 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 producer price index.

Moving together with Mutual Mutual Fund

  0.66MABDX Mutual Of AmericaPairCorr
  1.0MAAKX Mutual Of AmericaPairCorr
  0.74MAANX Mutual Of AmericaPairCorr
  1.0MACCX Mutual Of AmericaPairCorr
  0.75MACAX Mutual Of AmericaPairCorr
  0.77MACHX Mutual Of AmericaPairCorr
  0.78MAEIX Mutual Of AmericaPairCorr
  0.99MAGKX Mutual Of AmericaPairCorr
  0.64MAIFX Mutual Of AmericaPairCorr
  0.61MAMBX Mutual Of AmericaPairCorr
  0.98MAMEX Mutual Of AmericaPairCorr
  0.74MAMOX Mutual Of AmericaPairCorr
  0.72MAMVX Mutual Of AmericaPairCorr
  0.72MASOX Mutual Of AmericaPairCorr
  0.98MARMX Mutual Of AmericaPairCorr
  0.71MAVKX Mutual Of AmericaPairCorr
  1.0MURJX Mutual Of AmericaPairCorr
  0.75MURIX Mutual Of AmericaPairCorr
  0.75MURHX Mutual Of AmericaPairCorr
  0.99MURGX Mutual Of AmericaPairCorr
  0.74MURNX Mutual Of AmericaPairCorr
  0.74MURMX Mutual Of AmericaPairCorr
  1.0MURLX Mutual Of AmericaPairCorr
  0.74MURPX Mutual Of AmericaPairCorr
  1.0MUROX Mutual Of AmericaPairCorr
  0.74VLXVX Vanguard Target RetiPairCorr
  0.76FBMTX American Funds 2065PairCorr
  1.0RCPTX American Funds 2065PairCorr
  0.76FAXTX American Funds 2065PairCorr
  1.0RBEOX American Funds 2065PairCorr
  1.0AAOTX American Funds 2065PairCorr
  0.76RDLTX American Funds 2065PairCorr
  0.76RHLTX American Funds 2065PairCorr
  0.76RFVTX American Funds 2065PairCorr
  0.76RBOTX American Funds 2065PairCorr

Moving against Mutual Mutual Fund

  0.73USPSX Profunds UltrashortPairCorr
  0.73USPIX Profunds UltrashortPairCorr
  0.69UIPIX Ultrashort Mid CapPairCorr
  0.64TCTGX Transamerica CleartrackPairCorr
  0.64TDKTX Cleartrack 2015 ClassPairCorr
  0.64TCTJX Transamerica CleartrackPairCorr
  0.64TCSUX Cleartrack 2020 ClassPairCorr

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.

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