Overseas Series Correlations

EXOSX Fund

USD 33.30 0.25 0.76%

The current 90-days correlation between Overseas Series Class and Manning Napier Core is 0.21 (i.e., Modest diversification). The correlation of Overseas Series 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.

Overseas Series Correlation With Market

Very weak diversification

The correlation between Overseas Series Class and DJI is 0.49 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Overseas Series Class 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 Overseas Series Class. 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 state.

Moving together with Overseas Mutual Fund

0.67	MNBAX	Pro-blend(r) Extended	Pair Corr
0.74	MNBIX	Pro-blend(r) Extended	Pair Corr
0.83	MNCPX	Unconstrained Bond Series	Pair Corr
0.77	MNCRX	Pro-blend(r) Conservative	Pair Corr
0.75	MNCWX	Manning Napier Pro	Pair Corr
0.76	MNBRX	Pro-blend(r) Extended	Pair Corr
0.64	MNBWX	Manning Napier Pro	Pair Corr
0.75	MNCCX	Pro-blend(r) Conservative	Pair Corr
0.61	MNDWX	Manning Napier Diver	Pair Corr
0.77	MNECX	Pro-blend(r) Extended	Pair Corr
0.79	MNMCX	Pro-blend(r) Moderate	Pair Corr
0.79	MNMRX	Pro-blend(r) Moderate	Pair Corr
0.75	MNMWX	Manning Napier Pro	Pair Corr
1.0	MNOSX	Manning Napier Overseas	Pair Corr
1.0	MNOWX	Manning Napier Overseas	Pair Corr
1.0	MNOZX	Manning Napier Overseas	Pair Corr
0.8	RAIIX	Rainier International	Pair Corr
0.8	RAIRX	Rainier International	Pair Corr
0.9	RAIWX	Manning Napier Rainier	Pair Corr
0.71	MCBWX	Manning Napier Core	Pair Corr
0.73	MCDWX	Manning Napier Credit	Pair Corr
0.83	MUBWX	Manning Napier Uncon	Pair Corr
0.72	EXBAX	Pro-blend(r) Moderate	Pair Corr
0.84	EXCPX	Unconstrained Bond Series	Pair Corr
0.75	EXDAX	Pro-blend(r) Conservative	Pair Corr
0.68	EXCRX	Core Bond Series	Pair Corr

Moving against Overseas Mutual Fund

0.55	CEIZX	Manning Napier Callodine	Pair Corr
0.52	CEISX	Manning Napier Callodine	Pair Corr
0.5	CEIIX	Manning Napier Callodine	Pair Corr
0.47	MNDFX	Disciplined Value Series	Pair Corr
0.31	MNHWX	Manning Napier Pro	Pair Corr
0.63	KSOCX	Kinetics Small Cap Steady Growth	Pair Corr
0.63	KSCYX	Kinetics Small Cap Steady Growth	Pair Corr
0.55	EXEYX	Equity Series Class	Pair Corr
0.53	MEYWX	Manning Napier Equity	Pair Corr
0.5	MDFSX	Disciplined Value Series	Pair Corr
0.5	MDVZX	Manning Napier Disci	Pair Corr
0.47	MDVWX	Manning Napier Disci	Pair Corr

Related Correlations Analysis

	MCBWX	MCBZX	MCDWX	CEIIX	CEIZX	CEISX	MUBWX	MDFSX	MDVWX
MCBWX		0.75	0.99	-0.61	-0.64	-0.65	0.91	-0.69	-0.71	MCBWX
MCBZX	0.75		0.73	-0.52	-0.56	-0.57	0.65	-0.54	-0.63	MCBZX
MCDWX	0.99	0.73		-0.59	-0.56	-0.53	0.94	-0.67	-0.61	MCDWX
CEIIX	-0.61	-0.52	-0.59		0.76	0.72	-0.52	0.9	0.72	CEIIX
CEIZX	-0.64	-0.56	-0.56	0.76		0.88	-0.55	0.67	0.86	CEIZX
CEISX	-0.65	-0.57	-0.53	0.72	0.88		-0.55	0.64	0.95	CEISX
MUBWX	0.91	0.65	0.94	-0.52	-0.55	-0.55		-0.6	-0.6	MUBWX
MDFSX	-0.69	-0.54	-0.67	0.9	0.67	0.64	-0.6		0.71	MDFSX
MDVWX	-0.71	-0.63	-0.61	0.72	0.86	0.95	-0.6	0.71		MDVWX
	MCBWX	MCBZX	MCDWX	CEIIX	CEIZX	CEISX	MUBWX	MDFSX	MDVWX

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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

MCDWX	+ 0.99	MCBWX
MDVWX	+ 0.95	CEISX
MUBWX	+ 0.94	MCDWX
MUBWX	+ 0.91	MCBWX
MDFSX	+ 0.9	CEIIX
CEISX	+ 0.88	CEIZX

High negative correlations

MDVWX	- 0.71	MCBWX
MDFSX	- 0.69	MCBWX
MDFSX	- 0.67	MCDWX
CEISX	- 0.65	MCBWX
CEIZX	- 0.64	MCBWX
MDVWX	- 0.63	MCBZX

Risk-Adjusted Indicators

There is a big difference between Overseas Mutual Fund performing well and Overseas Series 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 Overseas Series' 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
MCBWX	0.25	(0.02)	0.00	0.51	0.00	0.00	0.43	(0.64)	1.19
MCBZX	0.53	0.06	(0.07)	0.02	1.51	(0.62)	0.43	(0.64)	18.84
MCDWX	0.17	(0.01)	0.00	0.89	0.00	0.00	0.33	(0.44)	0.89
CEIIX	0.69	0.12	0.03	1.03	0.48	(0.90)	1.78	(1.17)	4.63
CEIZX	0.69	0.10	0.04	0.42	0.48	(0.91)	1.78	(1.17)	4.63
CEISX	0.70	0.06	0.04	0.20	0.49	(0.91)	1.79	(1.18)	4.58
MUBWX	0.10	(0.01)	(0.73)	1.52	0.12	(0.15)	0.20	(0.20)	0.81
MDFSX	0.59	0.09	(0.03)	2.29	0.47	(0.76)	1.16	(0.97)	4.52
MDVWX	0.59	(0.02)	(0.06)	0.09	0.51	(0.73)	1.16	(1.05)	4.39

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