Mutual Of Correlations

Mutual Funds . USA . 
Fund . Mutual Of America
MARMX Fund   11.22  0.01  0.09%   
The current 90-days correlation between Mutual Of America and Ftufox is 0.08 (i.e., Significant 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

MutualDowDiversified AwayMutualDowDiversified Away100%

Modest diversification

The correlation between Mutual Of America and DJI is 0.29 (i.e., Modest 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 population.

Moving together with Mutual Mutual Fund

  0.73MABDX Mutual Of AmericaPairCorr
  0.65MAANX Mutual Of AmericaPairCorr
  0.99MACAX Mutual Of AmericaPairCorr
  0.61MACHX Mutual Of AmericaPairCorr
  0.66MAIFX Mutual Of AmericaPairCorr
  0.7MAMBX Mutual Of AmericaPairCorr
  0.9MAMOX Mutual Of AmericaPairCorr
  0.88MURFX Mutual Of AmericaPairCorr
  0.67MURJX Mutual Of AmericaPairCorr
  0.71MURIX Mutual Of AmericaPairCorr
  0.92MURHX Mutual Of AmericaPairCorr
  0.97MURGX Mutual Of AmericaPairCorr
  0.71MURNX Mutual Of AmericaPairCorr
  0.84MURMX Mutual Of AmericaPairCorr
  0.67MURLX Mutual Of AmericaPairCorr
  0.75MURQX Mutual Of AmericaPairCorr
  0.73MURPX Mutual Of AmericaPairCorr
  0.86MUROX Mutual Of AmericaPairCorr
  0.71VTINX Vanguard Target RetiPairCorr
  0.94LIRIX Blackrock Lifepath IdxPairCorr
  0.95LIRAX Blackrock Lfpth IdxPairCorr
  0.94JSIIX Jpmorgan SmartretirementPairCorr
  0.95JSIZX Jpmorgan SmartretirementPairCorr
  0.94JSIYX Jpmorgan SmartretirementPairCorr
  0.95JSIPX Jpmorgan SmartretirementPairCorr
  0.95JSIQX Jpmorgan SmartretirementPairCorr
  0.88FNSHX Fidelity Freedom IncomePairCorr

Related Correlations Analysis

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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   
CPUCX
+ 0.83
FTUFOX
FXYBJX
+ 0.79
FFCGX
FFCDAX
+ 0.7
CPUCX
FFCDAX
+ 0.68
FTUFOX
OPTCX
+ 0.5
CPUCX
OPTCX
+ 0.47
FFCGX
  
High negative correlations   
FXYBJX
- 0.01
CPUCX

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.

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