Mutual Of Correlations

Mutual Funds . USA . 
Fund . Mutual Of America
MURIX Fund   13.80  0.01  0.07%   
The current 90-days correlation between Mutual Of America and Calvert Short Duration is 0.43 (i.e., Very weak 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

Weak diversification

The correlation between Mutual Of America and DJI is 0.31 (i.e., Weak 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 gross domestic product.

Moving together with Mutual Mutual Fund

  0.87MABDX Mutual Of AmericaPairCorr
  0.85MAAKX Mutual Of AmericaPairCorr
  1.0MAANX Mutual Of AmericaPairCorr
  0.92MACCX Mutual Of AmericaPairCorr
  0.95MACAX Mutual Of AmericaPairCorr
  0.85MACHX Mutual Of AmericaPairCorr
  0.88MAEIX Mutual Of AmericaPairCorr
  0.88MAGKX Mutual Of AmericaPairCorr
  0.85MAMEX Mutual Of AmericaPairCorr
  1.0MAMOX Mutual Of AmericaPairCorr
  0.84MAMVX Mutual Of AmericaPairCorr
  0.89MASOX Mutual Of AmericaPairCorr
  0.95MARMX Mutual Of AmericaPairCorr
  0.87MAVKX Mutual Of AmericaPairCorr
  0.98MURFX Mutual Of AmericaPairCorr
  1.0MURJX Mutual Of AmericaPairCorr
  1.0MURHX Mutual Of AmericaPairCorr
  1.0MURGX Mutual Of AmericaPairCorr
  0.99MURNX Mutual Of AmericaPairCorr
  1.0MURMX Mutual Of AmericaPairCorr
  1.0MURLX Mutual Of AmericaPairCorr
  0.9MURQX Mutual Of AmericaPairCorr
  0.97MURPX Mutual Of AmericaPairCorr
  0.99MUROX Mutual Of AmericaPairCorr
  0.88VTHRX Vanguard Target RetiPairCorr
  0.88AAETX American Funds 2030PairCorr
  0.89CCETX American Funds 2030PairCorr
  0.88FAETX American Funds 2030PairCorr
  0.85FSNQX Fidelity Freedom 2030PairCorr
  0.85FFFEX Fidelity Freedom 2030PairCorr
  0.84FGTKX Fidelity Freedom 2030PairCorr
  0.95TRFHX T Rowe PricePairCorr
  0.96RRTCX T Rowe PricePairCorr
  0.64VTSAX Vanguard Total StockPairCorr
  0.64VTSMX Vanguard Total StockPairCorr
  0.64VSMPX Vanguard Total StockPairCorr

Related Correlations Analysis

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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.

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