Manning Napier Correlations

Mutual Funds . USA . 
Fund . Manning Napier Unconstrained
MUBWX Fund  USD 9.87  0.03  0.30%   
The current 90-days correlation between Manning Napier Uncon and Artisan High Income is 0.2 (i.e., Modest 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 Unconstrained and DJI is -0.15 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Manning Napier Unconstrained 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 Unconstrained. 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

  0.71CEIIX Manning Napier CallodinePairCorr
  0.71CEIZX Manning Napier CallodinePairCorr
  0.71CEISX Manning Napier CallodinePairCorr
  0.81MNBAX Pro-blend(r) ExtendedPairCorr
  0.81MNBIX Pro-blend(r) ExtendedPairCorr
  1.0MNCPX Unconstrained Bond SeriesPairCorr
  0.91MNCRX Pro-blend(r) ConservativePairCorr
  0.91MNCWX Manning Napier ProPairCorr
  0.75MNDFX Disciplined Value SeriesPairCorr
  0.81MNBRX Pro-blend(r) ExtendedPairCorr
  0.81MNBWX Manning Napier ProPairCorr
  0.91MNCCX Pro-blend(r) ConservativePairCorr
  0.91MNCIX Pro-blend(r) ConservativePairCorr
  0.8MNDWX Manning Napier DiverPairCorr
  0.8MNECX Pro-blend(r) ExtendedPairCorr
  0.75MNHCX Pro-blend(r) MaximumPairCorr
  0.89MNHAX High Yield BondPairCorr
  0.75MNHIX Pro-blend(r) MaximumPairCorr
  0.75MNHRX Pro-blend(r) MaximumPairCorr
  0.75MNHWX Manning Napier ProPairCorr
  0.9MNHYX High Yield BondPairCorr
  0.83MNMCX Pro-blend(r) ModeratePairCorr
  0.84MNMIX Pro-blend(r) ModeratePairCorr
  0.83MNMRX Pro-blend(r) ModeratePairCorr
  0.84MNMWX Manning Napier ProPairCorr
  0.69MNOSX Manning Napier OverseasPairCorr
  0.69MNOZX Manning Napier OverseasPairCorr
  0.81RAIIX Rainier InternationalPairCorr
  0.81RAIRX Rainier InternationalPairCorr
  0.81RAIWX Manning Napier RainierPairCorr
  0.95MCDIX Manning Napier CreditPairCorr
  0.81MCBWX Manning Napier CorePairCorr
  0.79MCBZX Manning Napier CorePairCorr
  0.96MCDSX Manning Napier CreditPairCorr
  0.97MCDWX Manning Napier CreditPairCorr
  0.74MDFSX Disciplined Value SeriesPairCorr
  0.75MDVWX Manning Napier DisciPairCorr
  0.75MDVZX 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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