Manning Napier Correlations

MCBZX Fund

USD 9.26 0.04 0.43%

The current 90-days correlation between Manning Napier Core and Pimco High Yield is -0.07 (i.e., Good diversification). The correlation of Manning Napier 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.

Manning Napier Correlation With Market

Very good diversification

The correlation between Manning Napier Core and DJI is -0.26 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Manning Napier Core 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 Manning Napier Core. 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 nation.

Moving together with Manning Mutual Fund

0.65	MNCRX	Pro-blend(r) Conservative	Pair Corr
0.63	MNCWX	Manning Napier Pro	Pair Corr
0.66	MNCCX	Pro-blend(r) Conservative	Pair Corr
0.64	MNCIX	Pro-blend(r) Conservative	Pair Corr
0.75	MCBWX	Manning Napier Core	Pair Corr
0.72	MCDWX	Manning Napier Credit	Pair Corr

Moving against Manning Mutual Fund

0.6	MNDFX	Disciplined Value Series	Pair Corr
0.58	MNHWX	Manning Napier Pro	Pair Corr
0.57	CEIIX	Manning Napier Callodine	Pair Corr
0.57	CEIZX	Manning Napier Callodine	Pair Corr
0.57	CEISX	Manning Napier Callodine	Pair Corr
0.57	MNHIX	Pro-blend(r) Maximum	Pair Corr
0.56	MNHRX	Pro-blend(r) Maximum	Pair Corr
0.55	MNHCX	Pro-blend(r) Maximum	Pair Corr
0.68	LSHUX	Horizon Spin Off Steady Growth	Pair Corr
0.64	MDVWX	Manning Napier Disci	Pair Corr
0.63	MEYWX	Manning Napier Equity	Pair Corr
0.62	EXEYX	Equity Series Class	Pair Corr
0.6	MDFSX	Disciplined Value Series	Pair Corr
0.6	MDVZX	Manning Napier Disci	Pair Corr
0.56	EXHAX	Pro-blend(r) Maximum	Pair Corr
0.35	MHYZX	Manning Napier High	Pair Corr
0.32	MHYWX	Manning Napier High	Pair Corr

Related Correlations Analysis

	PHSIX	PHYZX	PHYSX	PHYPX	BHYRX	PGHCX	CYBAX
PHSIX		0.98	0.89	0.94	0.96	0.95	0.88	PHSIX
PHYZX	0.98		0.83	0.93	0.94	0.94	0.89	PHYZX
PHYSX	0.89	0.83		0.93	0.83	0.91	0.78	PHYSX
PHYPX	0.94	0.93	0.93		0.87	0.93	0.81	PHYPX
BHYRX	0.96	0.94	0.83	0.87		0.91	0.93	BHYRX
PGHCX	0.95	0.94	0.91	0.93	0.91		0.93	PGHCX
CYBAX	0.88	0.89	0.78	0.81	0.93	0.93		CYBAX
	PHSIX	PHYZX	PHYSX	PHYPX	BHYRX	PGHCX	CYBAX

Click cells to compare fundamentals

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Risk-Adjusted Indicators

There is a big difference between Manning Mutual Fund performing well and Manning Napier 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 Manning Napier'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	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
PHSIX	0.12	0.01	(0.61)	0.26	(0.19)	0.33	(0.22)	0.99
PHYZX	0.12	0.02	(0.46)	1.08	(0.29)	0.42	(0.21)	0.63
PHYSX	0.11	0.01	(0.45)	0.29	(0.16)	0.22	(0.22)	0.78
PHYPX	0.10	0.01	(0.57)	0.25	(0.15)	0.23	(0.23)	0.68
BHYRX	0.11	0.01	(0.55)	0.21	(0.22)	0.28	(0.28)	0.85
PGHCX	0.13	0.03	(0.34)	(1.02)	(0.34)	0.53	(0.26)	0.80
CYBAX	0.10	0.01	(0.87)	(2.35)	(0.13)	0.24	(0.16)	0.73

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