Mutual Of Correlations

Mutual Funds . USA . 
Fund . Mutual Of America
MURPX Fund   14.55  0.02  0.14%   
The current 90-days correlation between Mutual Of America and Summit Global Investments is 0.64 (i.e., Poor 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 0.86 (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 metropolitan statistical area.

Moving together with Mutual Mutual Fund

  0.83MABDX Mutual Of AmericaPairCorr
  0.99MAAKX Mutual Of AmericaPairCorr
  1.0MAANX Mutual Of AmericaPairCorr
  0.98MACCX Mutual Of AmericaPairCorr
  0.98MACAX Mutual Of AmericaPairCorr
  0.97MACHX Mutual Of AmericaPairCorr
  0.99MAEIX Mutual Of AmericaPairCorr
  0.95MAGKX Mutual Of AmericaPairCorr
  0.93MAIFX Mutual Of AmericaPairCorr
  0.79MAMBX Mutual Of AmericaPairCorr
  0.99MAMOX Mutual Of AmericaPairCorr
  0.7MASOX Mutual Of AmericaPairCorr
  0.97MARMX Mutual Of AmericaPairCorr
  1.0MURJX Mutual Of AmericaPairCorr
  0.99MURIX Mutual Of AmericaPairCorr
  0.99MURHX Mutual Of AmericaPairCorr
  0.98MURGX Mutual Of AmericaPairCorr
  1.0MURNX Mutual Of AmericaPairCorr
  1.0MURMX Mutual Of AmericaPairCorr
  1.0MURLX Mutual Of AmericaPairCorr
  1.0MUROX Mutual Of AmericaPairCorr
  0.89AANTX American Funds 2060PairCorr
  0.88CCKTX American Funds 2060PairCorr
  0.89FAWTX American Funds 2060PairCorr
  1.0TRLNX T Rowe PricePairCorr
  0.99FFLEX Fidelity Freedom IndexPairCorr
  0.99FDKLX Fidelity Freedom IndexPairCorr
  0.99FDKVX Fidelity Freedom 2060PairCorr
  0.99FVTKX Fidelity Freedom 2060PairCorr
  0.99FUIPX Fidelity Freedom IndexPairCorr
  0.99VTSAX Vanguard Total StockPairCorr
  0.9VFIAX Vanguard 500 IndexPairCorr
  0.89VTSMX Vanguard Total StockPairCorr
  0.89VSMPX Vanguard Total StockPairCorr
  0.89VSTSX Vanguard Total StockPairCorr
  0.99VITSX Vanguard Total StockPairCorr
  0.99VFINX Vanguard 500 IndexPairCorr

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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