Manning Napier Correlations

Mutual Funds . USA . 
Fund . Manning Napier Credit
MCDSX Fund   9.14  0.04  0.44%   
The current 90-days correlation between Manning Napier Credit and Tiaa Cref Lifestyle Moderate is 0.47 (i.e., Very weak 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

Modest diversification

The correlation between Manning Napier Credit and DJI is 0.28 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Manning Napier Credit 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 Credit. 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 manufacturing.

Moving together with Manning Mutual Fund

  0.8CEIIX Manning Napier CallodinePairCorr
  0.8CEIZX Manning Napier CallodinePairCorr
  0.8CEISX Manning Napier CallodinePairCorr
  0.84MNBAX Pro-blend(r) ExtendedPairCorr
  0.85MNBIX Pro Blend ExtendedPairCorr
  0.99MNCPX Unconstrained Bond SeriesPairCorr
  0.96MNCRX Pro-blend(r) ConservativePairCorr
  0.96MNCWX Manning Napier ProPairCorr
  0.82MNDFX Disciplined Value SeriesPairCorr
  0.84MNBRX Pro-blend(r) ExtendedPairCorr
  0.96MNCCX Pro-blend(r) ConservativePairCorr
  0.96MNCIX Pro-blend(r) ConservativePairCorr
  0.95MNDWX Manning Napier DiverPairCorr
  0.83MNECX Pro-blend(r) ExtendedPairCorr
  0.75MNHCX Pro-blend(r) MaximumPairCorr
  0.95MNHAX High Yield BondPairCorr
  0.77MNHIX Pro-blend(r) MaximumPairCorr
  0.76MNHRX Pro-blend(r) MaximumPairCorr
  0.78MNHWX Manning Napier ProPairCorr
  0.95MNHYX High Yield BondPairCorr
  0.88MNMCX Pro-blend(r) ModeratePairCorr
  0.89MNMIX Pro Blend ModeratePairCorr
  0.89MNMRX Pro Blend ModeratePairCorr
  0.9MNMWX Manning Napier ProPairCorr
  0.91RAIIX Rainier InternationalPairCorr
  0.91RAIRX Rainier InternationalPairCorr
  0.92RAIWX Manning Napier RainierPairCorr
  1.0MCDIX Manning Napier CreditPairCorr
  0.99MCBWX Manning Napier CorePairCorr
  0.99MCBZX Manning Napier CorePairCorr
  1.0MCDWX Manning Napier CreditPairCorr
  0.99MUBWX Manning Napier UnconPairCorr
  0.82MDFSX Disciplined Value SeriesPairCorr
  0.82MDVWX Manning Napier DisciPairCorr
  0.82MDVZX Manning Napier DisciPairCorr
  0.89EXBAX Pro-blend(r) ModeratePairCorr

Moving against Manning Mutual Fund

  0.39MNOWX Manning Napier OverseasPairCorr

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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