Pro-blend(r) Maximum Correlations

MNHCX Fund

USD 25.98 0.07 0.27%

The current 90-days correlation between Pro-blend(r) Maximum and Massmutual Premier High is 0.39 (i.e., Weak diversification). The correlation of Pro-blend(r) Maximum 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.

Pro-blend(r) Maximum Correlation With Market

Modest diversification

The correlation between Pro Blend Maximum Term and DJI is 0.29 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pro Blend Maximum Term 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 Pro Blend Maximum Term. 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 main economic indicators.

Moving together with Pro-blend(r) Mutual Fund

0.96	CEIIX	Manning Napier Callodine	Pair Corr
0.96	CEIZX	Manning Napier Callodine	Pair Corr
0.96	CEISX	Manning Napier Callodine	Pair Corr
0.96	MNBAX	Pro-blend(r) Extended	Pair Corr
0.96	MNBIX	Pro-blend(r) Extended	Pair Corr
0.68	MNCRX	Pro-blend(r) Conservative	Pair Corr
0.95	MNDFX	Disciplined Value Series	Pair Corr
0.96	MNBRX	Pro-blend(r) Extended	Pair Corr
0.95	MNBWX	Manning Napier Pro	Pair Corr
0.71	MNCCX	Pro-blend(r) Conservative	Pair Corr
0.64	MNCIX	Pro-blend(r) Conservative	Pair Corr
0.62	MNDWX	Manning Napier Diver	Pair Corr
0.96	MNECX	Pro-blend(r) Extended	Pair Corr
1.0	MNHIX	Pro-blend(r) Maximum	Pair Corr
1.0	MNHRX	Pro-blend(r) Maximum	Pair Corr
1.0	MNHWX	Manning Napier Pro	Pair Corr
0.98	MNMCX	Pro-blend(r) Moderate	Pair Corr
0.97	MNMIX	Pro-blend(r) Moderate	Pair Corr
0.97	MNMRX	Pro-blend(r) Moderate	Pair Corr
0.97	MNMWX	Manning Napier Pro	Pair Corr
0.72	RAIIX	Rainier International	Pair Corr
0.72	RAIRX	Rainier International	Pair Corr
0.7	RAIWX	Manning Napier Rainier	Pair Corr
0.81	MCBWX	Manning Napier Core	Pair Corr
0.79	MCBZX	Manning Napier Core	Pair Corr
0.95	MDFSX	Disciplined Value Series	Pair Corr
0.95	MDVWX	Manning Napier Disci	Pair Corr
0.95	MDVZX	Manning Napier Disci	Pair Corr
0.97	EXBAX	Pro Blend Moderate	Pair Corr

Related Correlations Analysis

	MPHSX	PRVBX	LSHEX	BBINX	SWSFX	CWFIX	MGGNX	DHGCX
MPHSX		0.74	0.27	0.63	0.52	0.9	0.36	0.6	MPHSX
PRVBX	0.74		0.14	0.4	0.25	0.68	0.24	0.51	PRVBX
LSHEX	0.27	0.14		0.29	-0.28	0.11	0.25	0.21	LSHEX
BBINX	0.63	0.4	0.29		0.06	0.38	0.81	0.82	BBINX
SWSFX	0.52	0.25	-0.28	0.06		0.73	-0.03	0.21	SWSFX
CWFIX	0.9	0.68	0.11	0.38	0.73		0.15	0.46	CWFIX
MGGNX	0.36	0.24	0.25	0.81	-0.03	0.15		0.93	MGGNX
DHGCX	0.6	0.51	0.21	0.82	0.21	0.46	0.93		DHGCX
	MPHSX	PRVBX	LSHEX	BBINX	SWSFX	CWFIX	MGGNX	DHGCX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

DHGCX	+ 0.93	MGGNX
CWFIX	+ 0.9	MPHSX
DHGCX	+ 0.82	BBINX
MGGNX	+ 0.81	BBINX
PRVBX	+ 0.74	MPHSX
CWFIX	+ 0.73	SWSFX

High negative correlations

SWSFX	- 0.28	LSHEX
MGGNX	- 0.03	SWSFX

Risk-Adjusted Indicators

There is a big difference between Pro-blend(r) Mutual Fund performing well and Pro-blend(r) Maximum 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 Pro-blend(r) Maximum'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
MPHSX	0.12	0.02	(0.28)	0.60	0.00	(0.20)	0.37	(0.25)	1.11
PRVBX	0.10	(0.01)	(0.80)	(0.04)	0.05	(0.13)	0.25	(0.19)	0.58
LSHEX	2.14	0.07	0.02	0.15	3.34	(2.03)	3.51	(5.76)	20.04
BBINX	0.14	0.00	(0.27)	0.87	0.17	(0.20)	0.30	(0.29)	1.27
SWSFX	0.03	0.00	0.00	0.12	0.00	0.00	0.10	(0.10)	0.59
CWFIX	0.08	0.01	(0.51)	0.65	0.00	(0.13)	0.21	(0.11)	0.42
MGGNX	0.16	(0.02)	0.00	(0.34)	0.00	0.00	0.35	(0.35)	1.05
DHGCX	0.15	(0.01)	(0.50)	(0.06)	0.14	(0.21)	0.36	(0.26)	0.94

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC