Mutual Of Correlations

MASOX Fund   10.81  0.13  1.22%   
The current 90-days correlation between Mutual Of America and Lord Abbett Intermediate 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

Very poor diversification

The correlation between Mutual Of America and DJI is 0.82 (i.e., Very 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 signals in metropolitan statistical area.

Moving together with Mutual Mutual Fund

  0.93MACCX Mutual Of AmericaPairCorr
  0.7MAGKX Mutual Of AmericaPairCorr
  0.88MAIFX Mutual Of AmericaPairCorr
  0.63MAMBX Mutual Of AmericaPairCorr
  0.95MAMVX Mutual Of AmericaPairCorr
  0.99MAVKX Mutual Of AmericaPairCorr
  0.91VSMAX Vanguard Small CapPairCorr
  0.83VSCIX Vanguard Small CapPairCorr
  0.9VSCPX Vanguard Small CapPairCorr
  0.83NAESX Vanguard Small CapPairCorr
  0.85FSSNX Fidelity Small CapPairCorr
  0.95DFSTX Us Small CapPairCorr
  0.95FTHSX Fuller Thaler BehavioralPairCorr
  0.9FTHNX Fuller Thaler BehavioralPairCorr
  0.96PASVX T Rowe PricePairCorr
  0.96PRVIX T Rowe PricePairCorr

Moving against Mutual Mutual Fund

  0.77MACHX Mutual Of AmericaPairCorr
  0.74MAAKX Mutual Of AmericaPairCorr
  0.72MAEIX Mutual Of AmericaPairCorr
  0.57MAMEX Mutual Of AmericaPairCorr
  0.45MAMOX Mutual Of AmericaPairCorr
  0.45MURGX Mutual Of AmericaPairCorr
  0.43MURHX Mutual Of AmericaPairCorr
  0.42MURIX Mutual Of AmericaPairCorr
  0.41MACAX Mutual Of AmericaPairCorr
  0.39MURJX Mutual Of AmericaPairCorr
  0.36MAANX Mutual Of AmericaPairCorr
  0.31MURNX Mutual Of AmericaPairCorr
  0.31MURLX Mutual Of AmericaPairCorr
  0.93UIPIX Ultrashort Mid CapPairCorr
  0.45USPSX Profunds UltrashortPairCorr
  0.44USPIX Profunds UltrashortPairCorr
  0.4TCSUX Cleartrack 2020 ClassPairCorr
  0.37TCTGX Transamerica CleartrackPairCorr
  0.36TDKTX Cleartrack 2015 ClassPairCorr
  0.36TCTJX Transamerica CleartrackPairCorr

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.