Manning Napier Correlations

MNBWX Fund

USD 20.91 0.05 0.24%

The current 90-days correlation between Manning Napier Pro and Iaadx is 0.06 (i.e., Significant 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

Very weak diversification

The correlation between Manning Napier Pro Blend and DJI is 0.58 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Manning Napier Pro Blend 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 Manning Napier Pro Blend. 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 housing.

Moving together with Manning Mutual Fund

1.0	MNBAX	Pro Blend Extended	Pair Corr
1.0	MNBIX	Pro Blend Extended	Pair Corr
0.79	MNCRX	Pro Blend Servative	Pair Corr
0.83	MNCWX	Manning Napier Pro	Pair Corr
0.99	MNBRX	Pro Blend Extended	Pair Corr
0.77	MNCCX	Pro Blend Servative	Pair Corr
0.8	MNCIX	Pro Blend Servative	Pair Corr
0.69	MNDWX	Manning Napier Diver	Pair Corr
0.88	MNECX	Pro Blend Extended	Pair Corr
0.61	MNHAX	High Yield Bond	Pair Corr
0.76	MNHYX	High Yield Bond	Pair Corr
0.86	MNMCX	Pro Blend Moderate	Pair Corr
0.97	MNMIX	Pro Blend Moderate	Pair Corr
0.96	MNMRX	Pro Blend Moderate	Pair Corr
0.99	MNMWX	Manning Napier Pro	Pair Corr
0.61	MNOWX	Manning Napier Overseas	Pair Corr
0.71	RAIIX	Rainier International	Pair Corr
0.71	RAIRX	Rainier International	Pair Corr
0.75	RAIWX	Manning Napier Rainier	Pair Corr
0.62	MUBWX	Manning Napier Uncon	Pair Corr
0.88	EXBAX	Pro Blend Moderate	Pair Corr

Related Correlations Analysis

	IAADX	FIJFX	TQAAX	FALCX	VOLMX	OPTCX	ROGSX	VOLJX
IAADX		0.24	-0.22	0.0	-0.36	-0.25	0.01	-0.07	IAADX
FIJFX	0.24		0.61	0.0	0.59	0.58	0.75	0.52	FIJFX
TQAAX	-0.22	0.61		0.0	0.96	0.92	0.8	0.83	TQAAX
FALCX	0.0	0.0	0.0		0.0	0.0	0.0	0.0	FALCX
VOLMX	-0.36	0.59	0.96	0.0		0.95	0.81	0.78	VOLMX
OPTCX	-0.25	0.58	0.92	0.0	0.95		0.76	0.88	OPTCX
ROGSX	0.01	0.75	0.8	0.0	0.81	0.76		0.68	ROGSX
VOLJX	-0.07	0.52	0.83	0.0	0.78	0.88	0.68		VOLJX
	IAADX	FIJFX	TQAAX	FALCX	VOLMX	OPTCX	ROGSX	VOLJX

Click cells to compare fundamentals

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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

VOLMX	+ 0.96	TQAAX
OPTCX	+ 0.95	VOLMX
OPTCX	+ 0.92	TQAAX
VOLJX	+ 0.88	OPTCX
VOLJX	+ 0.83	TQAAX
ROGSX	+ 0.81	VOLMX

High negative correlations

VOLMX	- 0.36	IAADX
OPTCX	- 0.25	IAADX
TQAAX	- 0.22	IAADX
VOLJX	- 0.07	IAADX
VOLJX	- 0.0	FALCX
ROGSX	- 0.0	FALCX

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
IAADX	0.16	0.00	(0.54)	0.09	0.10	(0.22)	0.32	(0.32)	1.19
FIJFX	0.69	0.08	(0.03)	0.94	0.59	(0.81)	1.63	(1.16)	3.93
TQAAX	0.75	0.01	0.04	0.12	0.72	(0.85)	1.75	(1.30)	6.10
FALCX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
VOLMX	0.55	0.03	0.02	0.14	0.37	(0.70)	1.14	(0.93)	4.49
OPTCX	0.14	0.05	(0.36)	1.02	0.00	(0.21)	0.32	(0.21)	1.04
ROGSX	0.79	0.06	0.04	0.18	0.90	(0.85)	1.70	(1.41)	5.59
VOLJX	0.70	0.14	0.02	4.32	0.98	(0.73)	1.47	(1.39)	4.97

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