Mutual Of Correlations

MAMBX Fund

9.60 0.01 0.10%

The current 90-days correlation between Mutual Of America and Vanguard Short Term Bond is 0.83 (i.e., Very poor diversification). The correlation of Mutual Of 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.

Mutual Of Correlation With Market

Significant diversification

The correlation between Mutual Of America and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mutual Of America and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Mutual Of America. 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 bureau of labor statistics.

Moving together with Mutual Mutual Fund

0.97	MABDX	Mutual Of America	Pair Corr
0.78	MACAX	Mutual Of America	Pair Corr
0.66	MAIFX	Mutual Of America	Pair Corr
0.67	MAMOX	Mutual Of America	Pair Corr
0.8	MARMX	Mutual Of America	Pair Corr
0.78	MURFX	Mutual Of America	Pair Corr
0.69	MURHX	Mutual Of America	Pair Corr
0.73	MURGX	Mutual Of America	Pair Corr
0.91	VBIRX	Vanguard Short Term	Pair Corr
0.72	VFSUX	Vanguard Short Term	Pair Corr
0.8	VFSIX	Vanguard Short Term	Pair Corr
0.82	VFSTX	Vanguard Short Term	Pair Corr
0.93	VBITX	Vanguard Short Term	Pair Corr
0.93	VBISX	Vanguard Short Term	Pair Corr
0.83	VSCSX	Vanguard Short Term	Pair Corr

Moving against Mutual Mutual Fund

0.6	MACCX	Mutual Of America	Pair Corr
0.59	MAMEX	Mutual Of America	Pair Corr
0.58	MAEIX	Mutual Of America	Pair Corr
0.58	MAVKX	Mutual Of America	Pair Corr
0.54	MAGKX	Mutual Of America	Pair Corr
0.5	MACHX	Mutual Of America	Pair Corr
0.47	MAAKX	Mutual Of America	Pair Corr
0.46	MASOX	Mutual Of America	Pair Corr
0.4	MAMVX	Mutual Of America	Pair Corr
0.63	FSPGX	Fidelity Large Cap	Pair Corr
0.58	VFINX	Vanguard 500 Index	Pair Corr
0.55	RNGHX	New Economy Fund	Pair Corr
0.52	PLVYX	Pace Large Value	Pair Corr

Related Correlations Analysis

	VBIRX	VFSUX	VFSTX	VBITX	VBISX	VSCSX	LDLAX
VBIRX		0.9	0.87	0.89	0.89	0.9	0.71	VBIRX
VFSUX	0.9		0.9	0.82	0.82	0.91	0.82	VFSUX
VFSTX	0.87	0.9		0.95	0.95	0.96	0.73	VFSTX
VBITX	0.89	0.82	0.95		1.0	0.92	0.54	VBITX
VBISX	0.89	0.82	0.95	1.0		0.92	0.54	VBISX
VSCSX	0.9	0.91	0.96	0.92	0.92		0.76	VSCSX
LDLAX	0.71	0.82	0.73	0.54	0.54	0.76		LDLAX
	VBIRX	VFSUX	VFSTX	VBITX	VBISX	VSCSX	LDLAX

Click cells to compare fundamentals

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Risk-Adjusted Indicators

There is a big difference between Mutual Mutual Fund performing well and Mutual Of 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 Mutual Of'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
VBIRX	0.12	(0.01)	(0.61)	(0.65)	0.12	(0.15)	0.20	(0.20)	0.78
VFSUX	0.11	0.00	(0.50)	0.16	0.11	(0.14)	0.19	(0.19)	0.77
VFSTX	0.12	0.00	(0.51)	0.13	0.12	(0.15)	0.19	(0.19)	0.77
VBITX	0.12	(0.01)	0.00	0.31	0.00	0.00	0.29	(0.20)	0.78
VBISX	0.12	(0.01)	0.00	0.34	0.00	0.00	0.20	(0.20)	0.78
VSCSX	0.10	0.00	(0.61)	0.52	0.09	(0.12)	0.19	(0.19)	0.70
LDLAX	0.10	0.00	(0.31)	0.13	0.02	(0.26)	0.26	(0.26)	0.52

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