Manning Napier Correlations

CEISX Fund

14.02 0.23 1.67%

The current 90-days correlation between Manning Napier Callodine and Angel Oak Financial is 0.12 (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

Weak diversification

The correlation between Manning Napier Callodine and DJI is 0.36 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Manning Napier Callodine and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Manning Napier Callodine. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as various price indices.

Moving together with Manning Mutual Fund

0.92	FLPKX	Fidelity Low Priced	Pair Corr
0.92	FLPSX	Fidelity Low Priced	Pair Corr
0.92	VMVAX	Vanguard Mid Cap	Pair Corr
0.82	JVMAX	John Hancock Disciplined	Pair Corr
0.86	JVMIX	John Hancock Disciplined	Pair Corr
0.94	VMVIX	Vanguard Mid Cap	Pair Corr
0.98	JMVZX	Jpmorgan Mid Cap	Pair Corr
0.98	JMVRX	Jpmorgan Mid Cap	Pair Corr
0.98	JMVQX	Jpmorgan Mid Cap	Pair Corr
0.98	JMVYX	Jpmorgan Mid Cap	Pair Corr
0.78	KNPYX	Kinetics Paradigm	Pair Corr
0.82	LSHUX	Horizon Spin Off	Pair Corr
0.8	KNPCX	Kinetics Paradigm	Pair Corr
0.82	LSHCX	Horizon Spin Off	Pair Corr
0.82	LSHAX	Horizon Spin Off	Pair Corr
0.65	KMKAX	Kinetics Market Oppo	Pair Corr
0.78	WWNPX	Kinetics Paradigm	Pair Corr
0.65	KMKCX	Kinetics Market Oppo	Pair Corr
0.79	KNPAX	Kinetics Paradigm	Pair Corr
0.72	CAT	Caterpillar Earnings Call This Week	Pair Corr
0.73	VZ	Verizon Communications	Pair Corr
0.79	HPQ	HP Inc	Pair Corr
0.62	HD	Home Depot	Pair Corr
0.83	XOM	Exxon Mobil Corp Earnings Call Today	Pair Corr
0.89	TRV	The Travelers Companies	Pair Corr
0.75	INTC	Intel	Pair Corr

Moving against Manning Mutual Fund

0.77

Boeing

Pair Corr

Related Correlations Analysis

	XFINX	GCFSX	SBFAX	IAAEX	ICFAX	BXSL	FIKBX
XFINX		0.43	0.03	0.21	-0.26	0.04	0.29	XFINX
GCFSX	0.43		0.5	0.51	0.3	-0.01	0.75	GCFSX
SBFAX	0.03	0.5		0.84	0.81	-0.57	0.78	SBFAX
IAAEX	0.21	0.51	0.84		0.67	-0.69	0.77	IAAEX
ICFAX	-0.26	0.3	0.81	0.67		-0.65	0.51	ICFAX
BXSL	0.04	-0.01	-0.57	-0.69	-0.65		-0.18	BXSL
FIKBX	0.29	0.75	0.78	0.77	0.51	-0.18		FIKBX
	XFINX	GCFSX	SBFAX	IAAEX	ICFAX	BXSL	FIKBX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

IAAEX	+ 0.84	SBFAX
ICFAX	+ 0.81	SBFAX
FIKBX	+ 0.78	SBFAX
FIKBX	+ 0.77	IAAEX
FIKBX	+ 0.75	GCFSX
ICFAX	+ 0.67	IAAEX

High negative correlations

BXSL	- 0.69	IAAEX
BXSL	- 0.65	ICFAX
BXSL	- 0.57	SBFAX
ICFAX	- 0.26	XFINX
FIKBX	- 0.18	BXSL
BXSL	- 0.01	GCFSX

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
XFINX	0.13	(0.01)	(0.27)	(0.02)	0.21	(0.16)	0.36	(0.64)	1.14
GCFSX	0.62	0.07	0.02	0.24	0.72	(0.72)	1.80	(1.30)	6.27
SBFAX	0.89	(0.10)	(0.05)	0.00	1.93	(0.93)	1.65	(1.85)	15.92
IAAEX	0.73	(0.12)	0.00	(0.16)	0.00	0.00	1.27	(1.08)	9.89
ICFAX	0.90	(0.14)	0.00	(0.14)	0.00	0.00	1.43	(1.04)	18.69
BXSL	0.70	0.15	0.10	0.57	0.59	(0.81)	1.43	(1.03)	4.08
FIKBX	0.82	0.06	0.05	0.15	0.96	(0.92)	1.66	(1.95)	11.21

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC