Diversified Tax Correlations
EXDVX Fund | USD 10.44 0.02 0.19% |
The current 90-days correlation between Diversified Tax Exempt and American Mutual Fund is 0.14 (i.e., Average diversification). The correlation of Diversified Tax 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.
Diversified Tax Correlation With Market
Very good diversification
The correlation between Diversified Tax Exempt and DJI is -0.24 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Diversified Tax Exempt and DJI in the same portfolio, assuming nothing else is changed.
Diversified |
Moving together with Diversified Mutual Fund
0.61 | MNBAX | Pro-blend(r) Extended | PairCorr |
0.76 | MNCPX | Unconstrained Bond Series | PairCorr |
0.86 | MNCRX | Pro-blend(r) Conservative | PairCorr |
0.86 | MNCWX | Manning Napier Pro | PairCorr |
0.62 | MNBRX | Pro-blend(r) Extended | PairCorr |
0.86 | MNCCX | Pro-blend(r) Conservative | PairCorr |
0.86 | MNCIX | Pro-blend(r) Conservative | PairCorr |
0.99 | MNDWX | Manning Napier Diver | PairCorr |
0.64 | MNECX | Pro-blend(r) Extended | PairCorr |
0.73 | MNMCX | Pro-blend(r) Moderate | PairCorr |
0.71 | MNMIX | Pro-blend(r) Moderate | PairCorr |
0.73 | MNMRX | Pro-blend(r) Moderate | PairCorr |
0.69 | MNMWX | Manning Napier Pro | PairCorr |
0.72 | RAIIX | Rainier International | PairCorr |
0.72 | RAIRX | Rainier International | PairCorr |
0.72 | RAIWX | Manning Napier Rainier | PairCorr |
0.84 | MCBWX | Manning Napier Core | PairCorr |
0.62 | MCBZX | Manning Napier Core | PairCorr |
0.86 | MCDWX | Manning Napier Credit | PairCorr |
0.72 | MUBWX | Manning Napier Uncon | PairCorr |
0.72 | EXBAX | Pro-blend(r) Moderate | PairCorr |
0.76 | EXCPX | Unconstrained Bond Series | PairCorr |
Moving against Diversified Mutual Fund
0.39 | MNDFX | Disciplined Value Series | PairCorr |
0.37 | CEIIX | Manning Napier Callodine | PairCorr |
0.37 | CEIZX | Manning Napier Callodine | PairCorr |
0.37 | CEISX | Manning Napier Callodine | PairCorr |
0.44 | MEYWX | Manning Napier Equity | PairCorr |
0.43 | EXEYX | Equity Series Class | PairCorr |
0.4 | MDVWX | Manning Napier Disci | PairCorr |
0.39 | MDFSX | Disciplined Value Series | PairCorr |
0.38 | MDVZX | Manning Napier Disci | PairCorr |
Related Correlations Analysis
0.83 | 0.79 | 0.8 | 0.75 | 0.86 | 0.81 | AMFFX | ||
0.83 | 0.93 | 0.97 | 0.9 | 0.95 | 0.96 | PCLVX | ||
0.79 | 0.93 | 0.92 | 0.94 | 0.97 | 0.88 | SBQAX | ||
0.8 | 0.97 | 0.92 | 0.88 | 0.93 | 0.94 | TAGRX | ||
0.75 | 0.9 | 0.94 | 0.88 | 0.95 | 0.86 | TFCCX | ||
0.86 | 0.95 | 0.97 | 0.93 | 0.95 | 0.89 | LMUSX | ||
0.81 | 0.96 | 0.88 | 0.94 | 0.86 | 0.89 | CBLSX | ||
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Risk-Adjusted Indicators
There is a big difference between Diversified Mutual Fund performing well and Diversified Tax 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 Diversified Tax'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 | ||
---|---|---|---|---|---|---|---|---|---|---|
AMFFX | 0.45 | 0.05 | (0.12) | 2.39 | 0.43 | 0.90 | 2.68 | |||
PCLVX | 0.50 | 0.00 | (0.05) | 0.11 | 0.34 | 1.01 | 3.99 | |||
SBQAX | 0.64 | 0.14 | 0.02 | 13.63 | 0.66 | 1.41 | 4.87 | |||
TAGRX | 0.58 | (0.01) | (0.03) | 0.11 | 0.73 | 0.99 | 4.03 | |||
TFCCX | 0.50 | 0.11 | (0.02) | (5.13) | 0.38 | 0.93 | 3.59 | |||
LMUSX | 0.61 | 0.12 | 0.00 | 2.44 | 0.73 | 1.28 | 4.08 | |||
CBLSX | 0.49 | (0.03) | (0.10) | 0.08 | 0.51 | 0.94 | 2.58 |