Manning Napier Correlations

MCBWX Fund

USD 9.26 0.03 0.33%

The current 90-days correlation between Manning Napier Core and Ab Global Risk is 0.19 (i.e., Average 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

Good diversification

The correlation between Manning Napier Core and DJI is -0.16 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Manning Napier Core 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 Manning Napier Core. 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 housing.

Moving together with Manning Mutual Fund

0.79	MNCPX	Unconstrained Bond Series	Pair Corr
0.9	MCDIX	Manning Napier Credit	Pair Corr
1.0	MCBZX	Manning Napier Core	Pair Corr
0.9	MCDSX	Manning Napier Credit	Pair Corr
0.87	MCDWX	Manning Napier Credit	Pair Corr
0.69	MUBWX	Manning Napier Uncon	Pair Corr

Related Correlations Analysis

	CBSYX	PYGSX	SMYIX	GMADX	ZGFIX	DBIWX	PAGLX	LGOCX
CBSYX		0.88	0.97	0.98	0.95	0.95	0.96	0.83	CBSYX
PYGSX	0.88		0.79	0.79	0.82	0.87	0.76	0.89	PYGSX
SMYIX	0.97	0.79		0.99	0.95	0.91	1.0	0.71	SMYIX
GMADX	0.98	0.79	0.99		0.95	0.92	0.99	0.72	GMADX
ZGFIX	0.95	0.82	0.95	0.95		0.97	0.94	0.75	ZGFIX
DBIWX	0.95	0.87	0.91	0.92	0.97		0.9	0.83	DBIWX
PAGLX	0.96	0.76	1.0	0.99	0.94	0.9		0.68	PAGLX
LGOCX	0.83	0.89	0.71	0.72	0.75	0.83	0.68		LGOCX
	CBSYX	PYGSX	SMYIX	GMADX	ZGFIX	DBIWX	PAGLX	LGOCX

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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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
CBSYX	0.39	0.06	0.03	0.26	0.49	(0.42)	0.86	(0.82)	3.39
PYGSX	0.10	0.01	(0.25)	(0.39)	0.00	(0.13)	0.21	(0.21)	0.82
SMYIX	0.93	0.08	0.04	0.14	1.65	(0.92)	2.05	(1.73)	11.48
GMADX	0.82	0.06	0.03	0.14	1.42	(0.83)	1.78	(1.70)	8.63
ZGFIX	0.79	0.12	0.04	(1.42)	1.30	(0.76)	1.68	(1.59)	7.87
DBIWX	0.35	0.05	(0.03)	(0.73)	0.50	(0.38)	0.68	(0.85)	4.19
PAGLX	0.87	0.06	0.03	0.13	1.51	(0.80)	1.73	(1.72)	10.25
LGOCX	0.41	0.11	0.09	(1.06)	0.25	(0.55)	0.84	(0.60)	3.40

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Manning Napier Correlations

Manning Napier Correlation With Market

Good diversification

Moving together with Manning Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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