Manning Napier Correlations
| MNOSX Fund | USD 32.95 0.00 0.00% |
The current 90-days correlation between Manning Napier Overseas and Fidelity Advisor Utilities is 0.24 (i.e., Modest 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
Modest diversification
The correlation between Manning Napier Overseas and DJI is 0.22 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Manning Napier Overseas and DJI in the same portfolio, assuming nothing else is changed.
Manning |
Moving together with Manning Mutual Fund
| 0.79 | MNBAX | Pro-blend(r) Extended | PairCorr |
| 0.73 | MNBIX | Pro-blend(r) Extended | PairCorr |
| 0.78 | MNCRX | Pro-blend(r) Conservative | PairCorr |
| 0.75 | MNCWX | Manning Napier Pro | PairCorr |
| 0.74 | MNBRX | Pro Blend Extended | PairCorr |
| 0.79 | MNBWX | Manning Napier Pro | PairCorr |
| 0.8 | MNCCX | Pro-blend(r) Conservative | PairCorr |
| 0.77 | MNCIX | Pro Blend Servative | PairCorr |
| 0.79 | MNECX | Pro Blend Extended | PairCorr |
| 0.65 | MNHCX | Pro-blend(r) Maximum | PairCorr |
| 0.61 | MNHIX | Pro-blend(r) Maximum | PairCorr |
| 0.61 | MNHRX | Pro-blend(r) Maximum | PairCorr |
| 0.61 | MNHWX | Manning Napier Pro | PairCorr |
| 0.78 | MNMCX | Pro-blend(r) Moderate | PairCorr |
| 0.72 | MNMIX | Pro-blend(r) Moderate | PairCorr |
| 0.72 | MNMRX | Pro Blend Moderate | PairCorr |
| 0.78 | MNMWX | Manning Napier Pro | PairCorr |
| 0.87 | MNOWX | Manning Napier Overseas | PairCorr |
| 0.99 | MNOZX | Manning Napier Overseas | PairCorr |
| 0.84 | RAIIX | Rainier International | PairCorr |
| 0.78 | RAIRX | Rainier International | PairCorr |
| 0.83 | RAIWX | Manning Napier Rainier | PairCorr |
| 0.7 | MCBWX | Manning Napier Core | PairCorr |
| 0.76 | MCBZX | Manning Napier Core | PairCorr |
| 0.76 | EXBAX | Pro-blend(r) Moderate | PairCorr |
Related Correlations Analysis
| 0.88 | 0.47 | 0.46 | 0.87 | FUGIX | ||
| 0.88 | 0.48 | 0.49 | 0.96 | JVAAX | ||
| 0.47 | 0.48 | 0.9 | 0.46 | MNOWX | ||
| 0.46 | 0.49 | 0.9 | 0.44 | MNOZX | ||
| 0.87 | 0.96 | 0.46 | 0.44 | HLQVX | ||
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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 | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| FUGIX | 0.90 | (0.05) | 0.00 | (0.10) | 0.00 | 1.88 | 4.43 | |||
| JVAAX | 0.73 | (0.13) | 0.00 | (0.34) | 0.00 | 1.04 | 12.01 | |||
| MNOWX | 0.64 | (0.02) | (0.04) | (0.02) | 0.83 | 1.12 | 3.47 | |||
| MNOZX | 0.65 | (0.02) | 0.00 | (0.06) | 0.00 | 1.24 | 3.47 | |||
| HLQVX | 0.77 | (0.10) | 0.00 | (0.09) | 0.00 | 1.37 | 12.86 |