Disciplined Value Correlations

Mutual Funds . USA . 
Fund . Disciplined Value Series
MNDFX Fund  USD 8.53  0.01  0.12%   
The current 90-days correlation between Disciplined Value Series and Parametric Emerging Markets is 0.34 (i.e., Weak diversification). The correlation of Disciplined Value 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.

Disciplined Value Correlation With Market

Weak diversification

The correlation between Disciplined Value Series and DJI is 0.35 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Disciplined Value Series 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 Disciplined Value Series. 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 census.

Moving together with Disciplined Mutual Fund

  0.98CEIIX Manning Napier CallodinePairCorr
  0.98CEIZX Manning Napier CallodinePairCorr
  0.98CEISX Manning Napier CallodinePairCorr
  0.78MNBAX Pro Blend ExtendedPairCorr
  0.77MNBIX Pro Blend ExtendedPairCorr
  0.78MNBRX Pro-blend(r) ExtendedPairCorr
  0.76MNBWX Manning Napier ProPairCorr
  0.79MNECX Pro-blend(r) ExtendedPairCorr
  0.94MNHCX Pro-blend(r) MaximumPairCorr
  0.94MNHIX Pro-blend(r) MaximumPairCorr
  0.94MNHRX Pro-blend(r) MaximumPairCorr
  0.93MNHWX Manning Napier ProPairCorr
  0.84MNMCX Pro-blend(r) ModeratePairCorr
  0.83MNMIX Pro-blend(r) ModeratePairCorr
  0.84MNMRX Pro-blend(r) ModeratePairCorr
  0.81MNMWX Manning Napier ProPairCorr
  1.0MDFSX Disciplined Value SeriesPairCorr
  1.0MDVWX Manning Napier DisciPairCorr
  1.0MDVZX Manning Napier DisciPairCorr
  0.83EXBAX Pro-blend(r) ModeratePairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Disciplined Mutual Fund performing well and Disciplined Value 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 Disciplined Value'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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