Pro-blend(r) Moderate Correlations

Mutual Funds . USA . 
Fund . Pro Blend Moderate Term
EXBAX Fund  USD 14.87  0.06  0.41%   
The current 90-days correlation between Pro-blend(r) Moderate and Pro Blend Servative Term is 0.93 (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

Poor diversification

The correlation between Pro Blend Moderate Term and DJI is 0.78 (i.e., Poor 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

  0.89CEIIX Manning Napier CallodinePairCorr
  0.85CEIZX Manning Napier CallodinePairCorr
  0.89CEISX Manning Napier CallodinePairCorr
  0.99MNBAX Pro-blend(r) ExtendedPairCorr
  0.99MNBIX Pro-blend(r) ExtendedPairCorr
  0.88MNCPX Unconstrained Bond SeriesPairCorr
  0.97MNCRX Pro-blend(r) ConservativePairCorr
  0.93MNCWX Manning Napier ProPairCorr
  0.93MNDFX Disciplined Value SeriesPairCorr
  0.99MNBRX Pro-blend(r) ExtendedPairCorr
  0.87MNBWX Manning Napier ProPairCorr
  0.97MNCCX Pro-blend(r) ConservativePairCorr
  0.97MNCIX Pro-blend(r) ConservativePairCorr
  0.75MNDWX Manning Napier DiverPairCorr
  0.9MNECX Pro-blend(r) ExtendedPairCorr
  0.86MNHCX Pro-blend(r) MaximumPairCorr
  0.94MNHAX High Yield BondPairCorr
  0.96MNHIX Pro-blend(r) MaximumPairCorr
  0.95MNHRX Pro-blend(r) MaximumPairCorr
  0.96MNHWX Manning Napier ProPairCorr
  0.94MNHYX 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
  0.89RAIIX Rainier InternationalPairCorr
  0.92RAIRX Rainier InternationalPairCorr
  0.89RAIWX Manning Napier RainierPairCorr
  0.84MCDIX Manning Napier CreditPairCorr
  0.83MCBWX Manning Napier CorePairCorr
  0.82MCBZX Manning Napier CorePairCorr
  0.82MCDSX Manning Napier CreditPairCorr
  0.85MCDWX Manning Napier CreditPairCorr
  0.88MUBWX Manning Napier UnconPairCorr
  0.93MDFSX Disciplined Value SeriesPairCorr
  0.86MDVWX Manning Napier DisciPairCorr
  0.89MDVZX Manning Napier DisciPairCorr

Related Correlations Analysis


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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