Pro-blend(r) Moderate Correlations

Mutual Funds . USA . 
Fund . Pro Blend Moderate Term
EXBAX Fund  USD 14.68  0.04  0.27%   
The current 90-days correlation between Pro-blend(r) Moderate and Pro Blend Servative Term is 0.92 (i.e., Almost no diversification). The correlation of Pro-blend(r) Moderate 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.

Pro-blend(r) Moderate Correlation With Market

Almost no diversification

The correlation between Pro Blend Moderate Term and DJI is 0.92 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pro Blend Moderate Term and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Pro Blend Moderate Term. 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 Pro-blend(r) Mutual Fund

  0.92CEIIX Manning Napier CallodinePairCorr
  0.92CEIZX Manning Napier CallodinePairCorr
  0.92CEISX Manning Napier CallodinePairCorr
  1.0MNBAX Pro-blend(r) ExtendedPairCorr
  1.0MNBIX Pro-blend(r) ExtendedPairCorr
  0.75MNCPX Unconstrained Bond SeriesPairCorr
  0.98MNCRX Pro-blend(r) ConservativePairCorr
  0.98MNCWX Manning Napier ProPairCorr
  0.85MNDFX Disciplined Value SeriesPairCorr
  1.0MNBRX Pro-blend(r) ExtendedPairCorr
  1.0MNBWX Manning Napier ProPairCorr
  0.98MNCCX Pro-blend(r) ConservativePairCorr
  0.98MNCIX Pro-blend(r) ConservativePairCorr
  0.61MNDWX Manning Napier DiverPairCorr
  1.0MNECX Pro-blend(r) ExtendedPairCorr
  0.99MNHCX Pro-blend(r) MaximumPairCorr
  0.92MNHAX High Yield BondPairCorr
  0.99MNHIX Pro-blend(r) MaximumPairCorr
  0.99MNHRX Pro-blend(r) MaximumPairCorr
  0.99MNHWX Manning Napier ProPairCorr
  0.92MNHYX High Yield BondPairCorr
  1.0MNMCX Pro-blend(r) ModeratePairCorr
  1.0MNMIX Pro-blend(r) ModeratePairCorr
  1.0MNMRX Pro-blend(r) ModeratePairCorr
  1.0MNMWX Manning Napier ProPairCorr
  0.94MNOSX Manning Napier OverseasPairCorr
  0.92MNOWX Manning Napier OverseasPairCorr
  0.94MNOZX Manning Napier OverseasPairCorr
  0.91RAIIX Rainier InternationalPairCorr
  0.91RAIRX Rainier InternationalPairCorr
  0.91RAIWX Manning Napier RainierPairCorr
  0.65MCDIX Manning Napier CreditPairCorr
  0.64MCDSX Manning Napier CreditPairCorr
  0.7MCDWX Manning Napier CreditPairCorr
  0.79MUBWX Manning Napier UnconPairCorr
  0.85MDFSX Disciplined Value SeriesPairCorr
  0.85MDVWX Manning Napier DisciPairCorr
  0.85MDVZX Manning Napier DisciPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Pro-blend(r) Mutual Fund performing well and Pro-blend(r) Moderate 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 Pro-blend(r) Moderate'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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