Manning Napier Correlations

Mutual Funds USA . 
Fund . Manning Napier Pro Blend
MNMWX Fund  USD 14.88  0.04  0.27%   
The current 90-days correlation between Manning Napier Pro and Blackrock Exchange Portfolio is -0.15 (i.e., Good 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 Pro Blend and DJI is -0.13 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Manning Napier Pro Blend 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 Pro Blend. 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

  0.96CEIIX Manning Napier CallodinePairCorr
  0.96CEIZX Manning Napier CallodinePairCorr
  0.93CEISX Manning Napier CallodinePairCorr
  0.97MNBAX Pro-blend(r) ExtendedPairCorr
  0.97MNBIX Pro-blend(r) ExtendedPairCorr
  0.87MNCPX Unconstrained Bond SeriesPairCorr
  0.96MNCRX Pro-blend(r) ConservativePairCorr
  0.99MNCWX Manning Napier ProPairCorr
  0.95MNDFX Disciplined Value SeriesPairCorr
  0.97MNBRX Pro-blend(r) ExtendedPairCorr
  1.0MNBWX Manning Napier ProPairCorr
  0.99MNCCX Pro Blend ServativePairCorr
  0.96MNCIX Pro Blend ServativePairCorr
  0.94MNDWX Manning Napier DiverPairCorr
  0.97MNECX Pro-blend(r) ExtendedPairCorr
  0.97MNHCX Pro-blend(r) MaximumPairCorr
  0.97MNHAX High Yield BondPairCorr
  0.97MNHIX Pro-blend(r) MaximumPairCorr
  0.97MNHRX Pro Blend MaximumPairCorr
  0.99MNHWX Manning Napier ProPairCorr
  0.97MNHYX High Yield BondPairCorr
  0.97MNMCX Pro-blend(r) ModeratePairCorr
  0.97MNMIX Pro-blend(r) ModeratePairCorr
  0.97MNMRX Pro-blend(r) ModeratePairCorr
  0.94MNOSX Manning Napier OverseasPairCorr
  0.8MNOWX Manning Napier OverseasPairCorr
  0.94MNOZX Manning Napier OverseasPairCorr
  0.95RAIIX Rainier InternationalPairCorr
  0.95RAIRX Rainier InternationalPairCorr
  0.96RAIWX Manning Napier RainierPairCorr
  0.85MCDIX Manning Napier CreditPairCorr
  0.7MCBWX Manning Napier CorePairCorr
  0.66MCBZX Manning Napier CorePairCorr
  0.86MCDSX Manning Napier CreditPairCorr
  0.84MCDWX Manning Napier CreditPairCorr
  0.87MUBWX Manning Napier UnconPairCorr
  0.95MDFSX Disciplined Value SeriesPairCorr
  0.95MDVWX Manning Napier DisciPairCorr
  0.97MDVZX Manning Napier DisciPairCorr

Related Correlations Analysis

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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.

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