Mutual Of Correlations

MUROX Fund

15.75 0.02 0.13%

The current 90-days correlation between Mutual Of America and Mutual Of America is 0.99 (i.e., No risk reduction). 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

Very poor diversification

The correlation between Mutual Of America and DJI is 0.81 (i.e., Very poor 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 persons.

Moving together with Mutual Mutual Fund

0.76	MAAKX	Mutual Of America	Pair Corr
0.94	MAANX	Mutual Of America	Pair Corr
0.64	MACHX	Mutual Of America	Pair Corr
0.71	MAGKX	Mutual Of America	Pair Corr
0.65	MAMEX	Mutual Of America	Pair Corr
0.69	MAMOX	Mutual Of America	Pair Corr
0.75	MAMVX	Mutual Of America	Pair Corr
0.76	MASOX	Mutual Of America	Pair Corr
0.64	MARMX	Mutual Of America	Pair Corr
0.89	MURJX	Mutual Of America	Pair Corr
0.86	MURIX	Mutual Of America	Pair Corr
0.66	MURGX	Mutual Of America	Pair Corr
1.0	MURNX	Mutual Of America	Pair Corr
0.79	MURMX	Mutual Of America	Pair Corr
0.77	MURLX	Mutual Of America	Pair Corr
0.8	MURQX	Mutual Of America	Pair Corr
0.99	MURPX	Mutual Of America	Pair Corr
0.69	VFFVX	Vanguard Target Reti	Pair Corr
0.67	FAJTX	American Funds 2055	Pair Corr
0.67	AAMTX	American Funds 2055	Pair Corr
0.67	CCJTX	American Funds 2055	Pair Corr
0.71	FTYPX	Fidelity Freedom Index	Pair Corr
0.73	TRJMX	T Rowe Price	Pair Corr
0.68	FCTKX	Fidelity Freedom 2055	Pair Corr
0.71	FDEWX	Fidelity Freedom Index	Pair Corr

Related Correlations Analysis

	MAANX	MALLX	MAMVX	NWWAX	SMGASX	PWJQX	FGWMX	PNPXX
MAANX		0.0	0.55	0.0	0.0	0.22	0.34	0.21	MAANX
MALLX	0.0		0.0	0.0	0.0	0.0	0.0	0.0	MALLX
MAMVX	0.55	0.0		0.0	0.0	-0.3	0.07	0.17	MAMVX
NWWAX	0.0	0.0	0.0		0.0	0.0	0.0	0.0	NWWAX
SMGASX	0.0	0.0	0.0	0.0		0.0	0.0	0.0	SMGASX
PWJQX	0.22	0.0	-0.3	0.0	0.0		0.35	-0.05	PWJQX
FGWMX	0.34	0.0	0.07	0.0	0.0	0.35		0.0	FGWMX
PNPXX	0.21	0.0	0.17	0.0	0.0	-0.05	0.0		PNPXX
	MAANX	MALLX	MAMVX	NWWAX	SMGASX	PWJQX	FGWMX	PNPXX

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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

MAMVX	+ 0.55	MAANX
FGWMX	+ 0.35	PWJQX
FGWMX	+ 0.34	MAANX
PWJQX	+ 0.22	MAANX
PNPXX	+ 0.21	MAANX
PNPXX	+ 0.17	MAMVX

High negative correlations

PWJQX	- 0.3	MAMVX
PNPXX	- 0.05	PWJQX
PNPXX	- 0.0	FGWMX
PNPXX	- 0.0	SMGASX
FGWMX	- 0.0	SMGASX
PWJQX	- 0.0	SMGASX

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
MAANX	0.55	(0.09)	(0.11)	0.01	0.91	(0.52)	0.83	(1.27)	5.03
MALLX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MAMVX	0.62	(0.01)	(0.03)	0.11	0.57	(0.72)	1.30	(1.08)	3.96
NWWAX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SMGASX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
PWJQX	0.78	(0.10)	0.00	(3.23)	0.00	0.00	1.59	(1.71)	5.55
FGWMX	0.21	0.00	(0.38)	0.04	0.25	(0.24)	0.47	(0.39)	1.65
PNPXX	22.41	9.01	0.21	6.23	13.77	(30.66)	0.65	(0.21)	457.17

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