Mutual Of Correlations

Mutual Funds . USA . 
Fund . Mutual Of America
MASOX Fund   10.92  0.12  1.11%   
The current 90-days correlation between Mutual Of America and Wabmsx is 0.21 (i.e., Modest 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

Poor diversification

The correlation between Mutual Of America and DJI is 0.65 (i.e., Poor 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 various price indices.

Moving together with Mutual Mutual Fund

  0.88VSMAX Vanguard Small CapPairCorr
  0.88VSCIX Vanguard Small CapPairCorr
  0.88VSCPX Vanguard Small CapPairCorr
  0.88NAESX Vanguard Small CapPairCorr
  0.97FSSNX Fidelity Small CapPairCorr
  0.95DFSTX Us Small CapPairCorr
  0.97PASVX T Rowe PricePairCorr
  0.97PRVIX T Rowe PricePairCorr
  0.97TRZVX T Rowe PricePairCorr
  0.97PRSVX T Rowe PricePairCorr
  0.76XDSMX Dreyfus StrategicPairCorr
  0.78XNXJX Nuveen New JerseyPairCorr
  0.77NXJ Nuveen New JerseyPairCorr
  0.71PCF Putnam High IncomePairCorr
  0.82XNBHX Neuberger Berman IntPairCorr
  0.87AA Alcoa CorpPairCorr
  0.64PG Procter GamblePairCorr
  0.8XOM Exxon Mobil Corp Earnings Call TodayPairCorr
  0.85TRV The Travelers CompaniesPairCorr
  0.84HPQ HP IncPairCorr

Moving against Mutual Mutual Fund

  0.71BA BoeingPairCorr
  0.4PFE Pfizer Inc Earnings Call This WeekPairCorr

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   
WMCANX
+ 1.0
WABMSX
VOLJX
+ 0.98
RETSX
MFTFX
+ 0.83
MSSGX
WMCANX
+ 0.58
FTUFOX
RETSX
+ 0.56
WABMSX
WMCANX
+ 0.56
RETSX
  
High negative correlations   
MFTFX
- 0.45
FTUFOX
MFTFX
- 0.35
WMCANX
MFTFX
- 0.34
WABMSX
MSSGX
- 0.12
FTUFOX
MSSGX
- 0.11
WABMSX
MSSGX
- 0.1
WMCANX

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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