Core Bond Correlations

Mutual Funds . USA . 
Fund . Core Bond Series
EXCIX Fund  USD 9.26  0.04  0.43%   
The current 90-days correlation between Core Bond Series and Mfs Technology Fund is -0.31 (i.e., Very good diversification). The correlation of Core Bond 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.

Core Bond Correlation With Market

Very good diversification

The correlation between Core Bond Series and DJI is -0.26 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Core Bond Series 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 Core Bond Series. 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 gross domestic product.

Moving together with Core Mutual Fund

  0.63MNCRX Pro-blend(r) ConservativePairCorr
  0.61MNCWX Manning Napier ProPairCorr
  0.65MNCCX Pro-blend(r) ConservativePairCorr
  0.62MNCIX Pro-blend(r) ConservativePairCorr
  0.73MCBWX Manning Napier CorePairCorr
  1.0MCBZX Manning Napier CorePairCorr
  0.71MCDWX Manning Napier CreditPairCorr

Moving against Core Mutual Fund

  0.59MNDFX Disciplined Value SeriesPairCorr
  0.58MNHWX Manning Napier ProPairCorr
  0.56CEIIX Manning Napier CallodinePairCorr
  0.56CEIZX Manning Napier CallodinePairCorr
  0.56CEISX Manning Napier CallodinePairCorr
  0.56MNHIX Pro-blend(r) MaximumPairCorr
  0.56MNHRX Pro-blend(r) MaximumPairCorr
  0.55MNHCX Pro-blend(r) MaximumPairCorr
  0.67LSHUX Horizon Spin Off Steady GrowthPairCorr
  0.63MDVWX Manning Napier DisciPairCorr
  0.62MEYWX Manning Napier EquityPairCorr
  0.61EXEYX Equity Series ClassPairCorr
  0.59MDFSX Disciplined Value SeriesPairCorr
  0.59MDVZX Manning Napier DisciPairCorr
  0.56EXHAX Pro-blend(r) MaximumPairCorr
  0.35MHYZX Manning Napier HighPairCorr
  0.32MHYWX Manning Napier HighPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Core Mutual Fund performing well and Core Bond 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 Core Bond'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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