Mutual Of Correlations

MAVKX Fund

16.37 0.28 1.74%

The current 90-days correlation between Mutual Of America and Mutual Of America is -0.09 (i.e., Good 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 0.85 (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 industry.

Moving together with Mutual Mutual Fund

0.95	MAAKX	Mutual Of America	Pair Corr
0.88	MACCX	Mutual Of America	Pair Corr
0.88	MACHX	Mutual Of America	Pair Corr
0.85	MAEIX	Mutual Of America	Pair Corr
0.97	MAGKX	Mutual Of America	Pair Corr
0.95	MAMEX	Mutual Of America	Pair Corr
0.94	MAMVX	Mutual Of America	Pair Corr
0.97	MASOX	Mutual Of America	Pair Corr
0.66	MURPX	Mutual Of America	Pair Corr
0.96	VSIIX	Vanguard Small Cap	Pair Corr
0.96	VISVX	Vanguard Small Cap	Pair Corr
0.99	DFSVX	Us Small Cap	Pair Corr
0.99	DFFVX	Us Targeted Value	Pair Corr
0.98	UBVCX	Undiscovered Managers	Pair Corr
0.98	UBVAX	Undiscovered Managers	Pair Corr
0.98	UBVSX	Undiscovered Managers	Pair Corr
0.98	AVFIX	American Beacon Small	Pair Corr
0.88	VTSAX	Vanguard Total Stock	Pair Corr
0.86	VFIAX	Vanguard 500 Index	Pair Corr
0.88	VTSMX	Vanguard Total Stock	Pair Corr
0.88	VSMPX	Vanguard Total Stock	Pair Corr
0.88	VSTSX	Vanguard Total Stock	Pair Corr

Moving against Mutual Mutual Fund

0.67	MABDX	Mutual Of America	Pair Corr
0.66	MAMBX	Mutual Of America	Pair Corr
0.56	MAIFX	Mutual Of America	Pair Corr
0.37	VGTSX	Vanguard Total Inter	Pair Corr
0.37	VTIAX	Vanguard Total Inter	Pair Corr

Related Correlations Analysis

	MABDX	MAAKX	MAANX	MACCX	MACAX	MACHX	MAEIX	MAGKX	MAIFX	MAMBX
MABDX		-0.6	0.29	-0.74	0.77	-0.66	-0.73	-0.6	0.71	0.98	MABDX
MAAKX	-0.6		0.5	0.95	0.0	0.96	0.94	0.96	-0.42	-0.55	MAAKX
MAANX	0.29	0.5		0.22	0.82	0.3	0.22	0.49	0.37	0.28	MAANX
MACCX	-0.74	0.95	0.22		-0.25	0.99	1.0	0.87	-0.52	-0.67	MACCX
MACAX	0.77	0.0	0.82	-0.25		-0.15	-0.24	-0.05	0.63	0.77	MACAX
MACHX	-0.66	0.96	0.3	0.99	-0.15		0.99	0.88	-0.46	-0.59	MACHX
MAEIX	-0.73	0.94	0.22	1.0	-0.24	0.99		0.86	-0.47	-0.65	MAEIX
MAGKX	-0.6	0.96	0.49	0.87	-0.05	0.88	0.86		-0.42	-0.6	MAGKX
MAIFX	0.71	-0.42	0.37	-0.52	0.63	-0.46	-0.47	-0.42		0.7	MAIFX
MAMBX	0.98	-0.55	0.28	-0.67	0.77	-0.59	-0.65	-0.6	0.7		MAMBX
	MABDX	MAAKX	MAANX	MACCX	MACAX	MACHX	MAEIX	MAGKX	MAIFX	MAMBX

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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

MAEIX	+ 1.0	MACCX
MACHX	+ 0.99	MACCX
MAEIX	+ 0.99	MACHX
MAMBX	+ 0.98	MABDX
MACHX	+ 0.96	MAAKX
MAGKX	+ 0.96	MAAKX

High negative correlations

MACCX	- 0.74	MABDX
MAEIX	- 0.73	MABDX
MAMBX	- 0.67	MACCX
MACHX	- 0.66	MABDX
MAMBX	- 0.65	MAEIX
MAMBX	- 0.6	MAGKX

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	0.22	(0.03)	0.00	0.66	0.00	0.00	0.40	(0.64)	1.47
MAAKX	0.61	(0.02)	(0.03)	0.10	0.73	(0.65)	1.38	(1.53)	4.68
MAANX	0.57	(0.08)	(0.10)	0.02	0.91	(0.55)	1.09	(1.27)	5.03
MACCX	0.58	0.02	0.00	0.14	0.61	(0.67)	1.19	(1.08)	3.81
MACAX	0.26	(0.05)	(0.27)	(0.03)	0.43	(0.26)	0.51	(0.59)	2.42
MACHX	0.35	0.00	(0.13)	0.12	0.28	(0.41)	0.84	(0.68)	2.12
MAEIX	0.55	0.00	(0.02)	0.12	0.65	(0.60)	1.17	(1.30)	3.83
MAGKX	0.94	(0.05)	0.01	0.09	0.94	(1.11)	2.11	(1.64)	7.67
MAIFX	0.66	(0.13)	0.00	(0.14)	0.00	0.00	1.27	(1.67)	3.96
MAMBX	0.13	(0.02)	0.00	0.65	0.00	0.00	0.31	(0.31)	0.83

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