Mutual Of Correlations

Mutual Funds . USA . 
Fund . Mutual Of America
MASOX Fund   10.62  0.02  0.19%   
The current 90-days correlation between Mutual Of America and Dreyfus Municipal Bond is 0.11 (i.e., Average 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

Very poor diversification

The correlation between Mutual Of America and DJI is 0.8 (i.e., Very poor 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

  0.62MABDX Mutual Of AmericaPairCorr
  0.75MAAKX Mutual Of AmericaPairCorr
  0.73MAANX Mutual Of AmericaPairCorr
  0.63MACCX Mutual Of AmericaPairCorr
  0.68MACAX Mutual Of AmericaPairCorr
  0.62MACHX Mutual Of AmericaPairCorr
  0.61MAEIX Mutual Of AmericaPairCorr
  0.74MAGKX Mutual Of AmericaPairCorr
  0.63MAMBX Mutual Of AmericaPairCorr
  0.93MAMEX Mutual Of AmericaPairCorr
  0.68MAMOX Mutual Of AmericaPairCorr
  0.67MARMX Mutual Of AmericaPairCorr
  0.69MURJX Mutual Of AmericaPairCorr
  0.69MURIX Mutual Of AmericaPairCorr
  0.68MURHX Mutual Of AmericaPairCorr
  0.68MURGX Mutual Of AmericaPairCorr
  0.69MURNX Mutual Of AmericaPairCorr
  0.68MURMX Mutual Of AmericaPairCorr
  0.68MURLX Mutual Of AmericaPairCorr
  0.7MURQX Mutual Of AmericaPairCorr
  0.7MURPX Mutual Of AmericaPairCorr
  0.69MUROX Mutual Of AmericaPairCorr
  0.96VSMAX Vanguard Small CapPairCorr
  0.95VSCIX Vanguard Small CapPairCorr
  0.95VSCPX Vanguard Small CapPairCorr
  0.96NAESX Vanguard Small CapPairCorr
  0.81FSSNX Fidelity Small CapPairCorr
  0.95DFSTX Us Small CapPairCorr
  0.96PASVX T Rowe PricePairCorr
  0.96PRVIX T Rowe PricePairCorr
  0.95TRZVX T Rowe PricePairCorr
  0.96PRSVX T Rowe PricePairCorr

Moving against Mutual Mutual Fund

  0.89UIPIX Ultrashort Mid CapPairCorr
  0.53USPSX Profunds UltrashortPairCorr
  0.53USPIX Profunds UltrashortPairCorr
  0.46TCTGX Transamerica CleartrackPairCorr
  0.46TDKTX Cleartrack 2015 ClassPairCorr
  0.46TCTJX Transamerica CleartrackPairCorr
  0.38TCSUX Cleartrack 2020 ClassPairCorr

Related Correlations Analysis


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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