Mutual Of Correlations

MASOX Fund

11.58 0.06 0.52%

The current 90-days correlation between Mutual Of America and Mutual Of America is 0.12 (i.e., Average 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

Almost no diversification

The correlation between Mutual Of America and DJI is 0.96 (i.e., Almost no 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 metropolitan statistical area.

Moving together with Mutual Mutual Fund

0.73	MABDX	Mutual Of America	Pair Corr
0.91	MAAKX	Mutual Of America	Pair Corr
0.96	MAANX	Mutual Of America	Pair Corr
0.88	MACCX	Mutual Of America	Pair Corr
0.94	MACAX	Mutual Of America	Pair Corr
0.91	MACHX	Mutual Of America	Pair Corr
0.78	MAEIX	Mutual Of America	Pair Corr
0.89	MAGKX	Mutual Of America	Pair Corr
0.92	MAIFX	Mutual Of America	Pair Corr
0.75	MAMBX	Mutual Of America	Pair Corr
0.95	MAMOX	Mutual Of America	Pair Corr
0.98	MAMVX	Mutual Of America	Pair Corr
0.94	MARMX	Mutual Of America	Pair Corr
0.99	MAVKX	Mutual Of America	Pair Corr
0.95	MURJX	Mutual Of America	Pair Corr
0.95	MURIX	Mutual Of America	Pair Corr
0.95	MURHX	Mutual Of America	Pair Corr
0.94	MURGX	Mutual Of America	Pair Corr
0.95	MURNX	Mutual Of America	Pair Corr
0.95	MURMX	Mutual Of America	Pair Corr
0.95	MURLX	Mutual Of America	Pair Corr
0.93	MURQX	Mutual Of America	Pair Corr
0.96	MURPX	Mutual Of America	Pair Corr
0.97	VSMAX	Vanguard Small Cap	Pair Corr
0.97	VSCIX	Vanguard Small Cap	Pair Corr
0.97	VSCPX	Vanguard Small Cap	Pair Corr
0.97	NAESX	Vanguard Small Cap	Pair Corr
0.95	FSSNX	Fidelity Small Cap	Pair Corr
0.98	DFSTX	Us Small Cap	Pair Corr
0.97	FTHSX	Fuller Thaler Behavioral	Pair Corr
0.97	FTHNX	Fuller Thaler Behavioral	Pair Corr
0.98	PASVX	T Rowe Price	Pair Corr
0.95	PRVIX	T Rowe Price	Pair Corr
0.84	PDI	Pimco Dynamic Income	Pair Corr

Moving against Mutual Mutual Fund

0.98	UIPIX	Ultrashort Mid Cap	Pair Corr
0.81	TCTGX	Transamerica Cleartrack	Pair Corr
0.8	TDKTX	Cleartrack 2015 Class	Pair Corr
0.8	TCTJX	Transamerica Cleartrack	Pair Corr
0.79	TCSUX	Cleartrack 2020 Class	Pair Corr
0.74	CESGX	Coho Relative Value	Pair Corr

Related Correlations Analysis

	MABDX	MAAKX	MAANX	MACCX	MACAX	MACHX	MAEIX	MAGKX	MAIFX	MAMBX
MABDX		0.67	0.79	0.51	0.81	0.83	0.47	0.71	0.83	0.98	MABDX
MAAKX	0.67		0.95	0.87	0.96	0.94	0.93	0.94	0.85	0.66	MAAKX
MAANX	0.79	0.95		0.84	0.99	0.98	0.83	0.91	0.97	0.8	MAANX
MACCX	0.51	0.87	0.84		0.86	0.83	0.91	0.73	0.73	0.54	MACCX
MACAX	0.81	0.96	0.99	0.86		0.99	0.87	0.89	0.94	0.81	MACAX
MACHX	0.83	0.94	0.98	0.83	0.99		0.84	0.88	0.95	0.84	MACHX
MAEIX	0.47	0.93	0.83	0.91	0.87	0.84		0.77	0.69	0.47	MAEIX
MAGKX	0.71	0.94	0.91	0.73	0.89	0.88	0.77		0.82	0.68	MAGKX
MAIFX	0.83	0.85	0.97	0.73	0.94	0.95	0.69	0.82		0.85	MAIFX
MAMBX	0.98	0.66	0.8	0.54	0.81	0.84	0.47	0.68	0.85		MAMBX
	MABDX	MAAKX	MAANX	MACCX	MACAX	MACHX	MAEIX	MAGKX	MAIFX	MAMBX

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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
MABDX	0.14	0.02	(0.30)	1.24	0.00	(0.18)	0.32	(0.24)	0.64
MAAKX	0.55	0.00	(0.01)	0.08	0.68	(0.58)	1.24	(1.19)	3.72
MAANX	0.47	0.05	0.04	0.14	0.44	(0.52)	1.04	(1.04)	3.09
MACCX	0.61	0.02	0.02	0.09	0.70	(0.64)	1.07	(1.18)	5.82
MACAX	0.23	0.02	(0.09)	0.12	0.15	(0.30)	0.52	(0.43)	1.69
MACHX	0.38	0.03	0.00	0.13	0.39	(0.43)	0.66	(0.79)	2.51
MAEIX	0.55	(0.02)	(0.04)	0.05	0.72	(0.56)	0.99	(1.23)	3.63
MAGKX	0.83	0.05	0.05	0.11	0.89	(0.88)	1.78	(1.73)	5.53
MAIFX	0.64	0.13	0.14	0.23	0.46	(0.71)	1.60	(1.20)	3.67
MAMBX	0.10	0.01	(0.41)	1.61	0.00	(0.15)	0.21	(0.20)	0.51

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