Mutual Of Correlations

MAMBX Fund

9.66 0.02 0.21%

The current 90-days correlation between Mutual Of America and California High Yield Municipal is -0.15 (i.e., Good 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.

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 bureau of labor statistics.

Moving together with Mutual Mutual Fund

0.91	VBIRX	Vanguard Short Term	Pair Corr
0.75	VFSUX	Vanguard Short Term	Pair Corr
0.84	VFSIX	Vanguard Short Term	Pair Corr
0.88	VFSTX	Vanguard Short Term	Pair Corr
0.99	VBITX	Vanguard Short Term	Pair Corr
0.95	VBISX	Vanguard Short Term	Pair Corr
0.94	VSCSX	Vanguard Short Term	Pair Corr
0.71	XDSMX	Dreyfus Strategic	Pair Corr
0.87	XNXJX	Nuveen New Jersey	Pair Corr
0.78	NXJ	Nuveen New Jersey	Pair Corr
0.88	XNBHX	Neuberger Berman Int	Pair Corr
0.84	KO	Coca Cola Sell-off Trend	Pair Corr
0.71	JNJ	Johnson Johnson Fiscal Year End 28th of January 2025	Pair Corr

Moving against Mutual Mutual Fund

0.66	XNKGX	Nuveen Georgia Quality	Pair Corr
0.64	XPPRX	Voya Prime Rate	Pair Corr
0.51	PCF	Putnam High Income	Pair Corr
0.39	PFN	Pimco Income Strategy	Pair Corr
0.79	CSCO	Cisco Systems Aggressive Push	Pair Corr
0.78	JPM	JPMorgan Chase Sell-off Trend	Pair Corr
0.76	CVX	Chevron Corp Sell-off Trend	Pair Corr
0.75	BAC	Bank of America Aggressive Push	Pair Corr
0.67	HPQ	HP Inc	Pair Corr
0.64	AMGIX	Income Growth	Pair Corr
0.62	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.6	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr
0.59	XOM	Exxon Mobil Corp Sell-off Trend	Pair Corr
0.51	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr
0.47	T	ATT Inc Aggressive Push	Pair Corr

Related Correlations Analysis

	BCHIX	FHAIX	PATFX	PYICX	APDFX	MWHIX	PARCX
BCHIX		0.34	0.98	0.41	0.16	0.68	0.11	BCHIX
FHAIX	0.34		0.37	0.83	0.74	0.69	0.74	FHAIX
PATFX	0.98	0.37		0.38	0.17	0.67	0.15	PATFX
PYICX	0.41	0.83	0.38		0.88	0.86	0.72	PYICX
APDFX	0.16	0.74	0.17	0.88		0.73	0.78	APDFX
MWHIX	0.68	0.69	0.67	0.86	0.73		0.51	MWHIX
PARCX	0.11	0.74	0.15	0.72	0.78	0.51		PARCX
	BCHIX	FHAIX	PATFX	PYICX	APDFX	MWHIX	PARCX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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
BCHIX	0.16	0.02	(0.23)	(0.14)	0.22	(0.22)	0.41	(0.40)	1.53
FHAIX	0.09	0.00	0.00	(0.03)	0.00	0.00	0.57	(0.57)	1.14
PATFX	0.16	0.02	(0.24)	(0.08)	0.22	(0.24)	0.44	(0.35)	1.69
PYICX	0.11	0.01	(0.59)	0.21	0.00	(0.17)	0.22	(0.22)	0.78
APDFX	0.11	0.03	(0.54)	0.54	0.00	(0.18)	0.33	(0.22)	0.90
MWHIX	0.10	0.01	(0.69)	1.63	0.00	(0.19)	0.22	(0.21)	0.65
PARCX	0.34	(0.03)	(0.17)	0.05	0.43	(0.36)	0.66	(0.76)	2.10

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

Mutual Of Correlations

Moving together with Mutual Mutual Fund

Moving against Mutual Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY