Mutual Of Correlations

MASOX Fund   11.17  0.08  0.71%   
The current 90-days correlation between Mutual Of America and Franklin Natural Resources is 0.49 (i.e., Very weak 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 0.94 (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 state.

Moving together with Mutual Mutual Fund

  0.7MABDX Mutual Of AmericaPairCorr
  0.86MAAKX Mutual Of AmericaPairCorr
  0.95MAANX Mutual Of AmericaPairCorr
  0.94MACCX Mutual Of AmericaPairCorr
  0.92MACAX Mutual Of AmericaPairCorr
  0.9MACHX Mutual Of AmericaPairCorr
  0.81MAEIX Mutual Of AmericaPairCorr
  0.83MAGKX Mutual Of AmericaPairCorr
  0.93MAIFX Mutual Of AmericaPairCorr
  0.76MAMBX Mutual Of AmericaPairCorr
  0.94MAMOX Mutual Of AmericaPairCorr
  0.98MAMVX Mutual Of AmericaPairCorr
  0.92MARMX Mutual Of AmericaPairCorr
  1.0MAVKX Mutual Of AmericaPairCorr
  0.93MURJX Mutual Of AmericaPairCorr
  0.92MURIX Mutual Of AmericaPairCorr
  0.93MURHX Mutual Of AmericaPairCorr
  0.93MURGX Mutual Of AmericaPairCorr
  0.93MURNX Mutual Of AmericaPairCorr
  0.93MURMX Mutual Of AmericaPairCorr
  0.93MURLX Mutual Of AmericaPairCorr
  0.92MURQX Mutual Of AmericaPairCorr
  0.93MURPX Mutual Of AmericaPairCorr
  0.93MUROX Mutual Of AmericaPairCorr
  0.96VSMAX Vanguard Small CapPairCorr
  0.96VSCIX Vanguard Small CapPairCorr
  0.96VSCPX Vanguard Small CapPairCorr
  0.96NAESX Vanguard Small CapPairCorr
  0.95FSSNX Fidelity Small CapPairCorr
  0.98DFSTX Us Small CapPairCorr
  0.98FTHSX Fuller Thaler BehavioralPairCorr
  0.98FTHNX Fuller Thaler BehavioralPairCorr
  0.98PASVX T Rowe PricePairCorr
  0.96PRVIX T Rowe PricePairCorr

Moving against Mutual Mutual Fund

  0.42MAMEX Mutual Of AmericaPairCorr
  0.97UIPIX Ultrashort Mid CapPairCorr
  0.85TCSUX Cleartrack 2020 ClassPairCorr
  0.82TCTGX Transamerica CleartrackPairCorr
  0.82TCTJX Transamerica CleartrackPairCorr
  0.81TDKTX Cleartrack 2015 ClassPairCorr
  0.77CESGX Coho Relative ValuePairCorr
  0.42USPSX Profunds Ultrashort Potential GrowthPairCorr
  0.4USPIX Profunds UltrashortPairCorr

Related Correlations Analysis


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.