Pro Blend Correlations

EXBAX Fund

USD 14.48 0.02 0.14%

The current 90-days correlation between Pro Blend Moderate and Wilshire Large is -0.05 (i.e., Good diversification). The correlation of Pro Blend 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.

Pro Blend Correlation With Market

Weak diversification

The correlation between Pro Blend Moderate Term and DJI is 0.37 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pro Blend Moderate Term and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Pro Blend Moderate Term. 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 nation.

Moving together with Pro Mutual Fund

0.79	MNBAX	Pro Blend Extended	Pair Corr
0.79	MNBIX	Pro Blend Extended	Pair Corr
0.8	MNDFX	Disciplined Value Series	Pair Corr
0.79	MNBRX	Pro Blend Extended	Pair Corr
0.7	MNDWX	Manning Napier Diver	Pair Corr
0.8	MNECX	Pro Blend Extended	Pair Corr
0.79	MNHCX	Pro Blend Maximum	Pair Corr
0.78	MNHAX	High Yield Bond	Pair Corr
0.63	MNHIX	Pro Blend Maximum	Pair Corr
0.79	MNHRX	Pro Blend Maximum	Pair Corr
0.79	MNHYX	High Yield Bond	Pair Corr
0.79	MNMCX	Pro Blend Moderate	Pair Corr
0.79	MNMIX	Pro Blend Moderate	Pair Corr
0.79	MNMRX	Pro Blend Moderate	Pair Corr
0.61	MNOSX	Manning Napier Overseas	Pair Corr
0.62	MNOZX	Manning Napier Overseas	Pair Corr
0.63	RAIIX	Rainier International	Pair Corr
0.64	RAIRX	Rainier International	Pair Corr
0.66	RAIWX	Manning Napier Rainier	Pair Corr
0.8	MDFSX	Disciplined Value Series	Pair Corr
0.8	MDVWX	Manning Napier Disci	Pair Corr
0.8	MDVZX	Manning Napier Disci	Pair Corr

Moving against Pro Mutual Fund

0.71	MNBWX	Manning Napier Pro	Pair Corr
0.68	MNCWX	Manning Napier Pro	Pair Corr
0.66	MNHWX	Manning Napier Pro	Pair Corr
0.66	MNMWX	Manning Napier Pro	Pair Corr

Related Correlations Analysis

	DTLGX	TWSCX	EXHAX	HFCVX	BACAX	DISMX	SEVPX	FACEX	FWRLX	QIBGX
DTLGX		0.37	0.0	0.05	0.06	0.49	0.0	0.08	0.48	0.13	DTLGX
TWSCX	0.37		0.71	0.71	0.32	0.76	0.0	0.85	-0.34	0.85	TWSCX
EXHAX	0.0	0.71		0.68	0.16	0.64	0.0	0.8	-0.39	0.81	EXHAX
HFCVX	0.05	0.71	0.68		0.54	0.51	0.0	0.72	-0.25	0.86	HFCVX
BACAX	0.06	0.32	0.16	0.54		0.07	0.0	0.16	-0.21	0.27	BACAX
DISMX	0.49	0.76	0.64	0.51	0.07		0.0	0.63	0.07	0.68	DISMX
SEVPX	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	SEVPX
FACEX	0.08	0.85	0.8	0.72	0.16	0.63	0.0		-0.5	0.9	FACEX
FWRLX	0.48	-0.34	-0.39	-0.25	-0.21	0.07	0.0	-0.5		-0.37	FWRLX
QIBGX	0.13	0.85	0.81	0.86	0.27	0.68	0.0	0.9	-0.37		QIBGX
	DTLGX	TWSCX	EXHAX	HFCVX	BACAX	DISMX	SEVPX	FACEX	FWRLX	QIBGX

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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

QIBGX	+ 0.9	FACEX
QIBGX	+ 0.86	HFCVX
FACEX	+ 0.85	TWSCX
QIBGX	+ 0.85	TWSCX
QIBGX	+ 0.81	EXHAX
FACEX	+ 0.8	EXHAX

High negative correlations

FWRLX	- 0.5	FACEX
FWRLX	- 0.39	EXHAX
QIBGX	- 0.37	FWRLX
FWRLX	- 0.34	TWSCX
FWRLX	- 0.25	HFCVX
FWRLX	- 0.21	BACAX

Risk-Adjusted Indicators

There is a big difference between Pro Mutual Fund performing well and Pro Blend 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 Pro Blend'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
DTLGX	0.81	(0.01)	(0.05)	0.01	1.27	(0.76)	1.78	(2.10)	4.77
TWSCX	0.33	0.05	(0.02)	0.53	0.21	(0.43)	0.56	(0.55)	3.82
EXHAX	0.72	0.25	0.23	7.14	0.40	(0.91)	1.26	(0.99)	11.81
HFCVX	0.58	0.08	0.03	0.49	0.59	(0.62)	1.21	(0.95)	7.46
BACAX	0.72	0.04	(0.02)	0.22	0.85	(0.76)	1.40	(1.17)	3.98
DISMX	0.58	0.00	(0.07)	0.10	0.75	(0.57)	1.05	(1.17)	2.61
SEVPX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
FACEX	1.21	0.50	0.35	(0.90)	0.52	(1.64)	1.84	(1.62)	31.38
FWRLX	0.75	(0.10)	0.00	(0.29)	0.00	0.00	1.07	(1.52)	6.84
QIBGX	0.51	0.14	0.11	14.95	0.25	(0.62)	0.90	(0.74)	8.77

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