Manning Napier Correlations

Mutual Funds . USA . 
Fund . Manning Napier Callodine
CEIZX Fund   14.11  0.10  0.70%   
The current 90-days correlation between Manning Napier Callodine and Rbc Funds Trust is 0.24 (i.e., Modest 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 Callodine and DJI is 0.82 (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 Callodine and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Manning Napier Callodine. 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 nation.

Moving together with Manning Mutual Fund

  1.0CEIIX Manning Napier CallodinePairCorr
  1.0CEISX Manning Napier CallodinePairCorr
  0.87MNBAX Pro-blend(r) ExtendedPairCorr
  0.87MNBIX Pro Blend ExtendedPairCorr
  0.8MNCPX Unconstrained Bond SeriesPairCorr
  0.86MNCRX Pro-blend(r) ConservativePairCorr
  0.86MNCWX Manning Napier ProPairCorr
  0.93MNDFX Disciplined Value SeriesPairCorr
  0.87MNBRX Pro-blend(r) ExtendedPairCorr
  0.88MNBWX Manning Napier ProPairCorr
  0.85MNCCX Pro-blend(r) ConservativePairCorr
  0.86MNCIX Pro-blend(r) ConservativePairCorr
  0.77MNDWX Manning Napier DiverPairCorr
  0.86MNECX Pro-blend(r) ExtendedPairCorr
  0.86MNHCX Pro-blend(r) MaximumPairCorr
  0.9MNHAX High Yield BondPairCorr
  0.87MNHIX Pro-blend(r) MaximumPairCorr
  0.87MNHRX Pro-blend(r) MaximumPairCorr
  0.88MNHWX Manning Napier ProPairCorr
  0.9MNHYX High Yield BondPairCorr
  0.87MNMCX Pro-blend(r) ModeratePairCorr
  0.88MNMIX Pro Blend ModeratePairCorr
  0.88MNMRX Pro Blend ModeratePairCorr
  0.89MNMWX Manning Napier ProPairCorr
  0.85RAIIX Rainier InternationalPairCorr
  0.85RAIRX Rainier InternationalPairCorr
  0.85RAIWX Manning Napier RainierPairCorr
  0.8MCDIX Manning Napier CreditPairCorr
  0.75MCBWX Manning Napier CorePairCorr
  0.74MCBZX Manning Napier CorePairCorr
  0.8MCDSX Manning Napier CreditPairCorr
  0.8MCDWX Manning Napier CreditPairCorr
  0.81MUBWX Manning Napier UnconPairCorr
  0.93MDFSX Disciplined Value SeriesPairCorr
  0.93MDVWX Manning Napier DisciPairCorr
  0.93MDVZX Manning Napier DisciPairCorr

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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