Manning Napier Correlations

Mutual Funds . USA . 
Fund . Manning Napier Pro Blend
MNCWX Fund  USD 13.57  0.01  0.07%   
The current 90-days correlation between Manning Napier Pro and Pro Blend Moderate Term is 0.08 (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

Average diversification

The correlation between Manning Napier Pro Blend and DJI is 0.15 (i.e., Average 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

  0.77MNBAX Pro-blend(r) ExtendedPairCorr
  0.76MNBIX Pro-blend(r) ExtendedPairCorr
  0.92MNCPX Unconstrained Bond SeriesPairCorr
  1.0MNCRX Pro-blend(r) ConservativePairCorr
  0.78MNBRX Pro-blend(r) ExtendedPairCorr
  0.72MNBWX Manning Napier ProPairCorr
  0.99MNCCX Pro-blend(r) ConservativePairCorr
  1.0MNCIX Pro-blend(r) ConservativePairCorr
  0.86MNDWX Manning Napier DiverPairCorr
  0.8MNECX Pro-blend(r) ExtendedPairCorr
  0.95MNMCX Pro-blend(r) ModeratePairCorr
  0.92MNMIX Pro-blend(r) ModeratePairCorr
  0.93MNMRX Pro-blend(r) ModeratePairCorr
  0.73MNOSX Manning Napier OverseasPairCorr
  0.73MNOWX Manning Napier OverseasPairCorr
  0.73MNOZX Manning Napier OverseasPairCorr
  0.84RAIIX Rainier InternationalPairCorr
  0.84RAIWX Manning Napier RainierPairCorr
  0.91MUBWX Manning Napier UnconPairCorr
  0.86EXBAX Pro-blend(r) ModeratePairCorr
  1.0EXDAX Pro-blend(r) ConservativePairCorr
  0.73EXOSX Overseas Series ClassPairCorr
  0.85RISAX Rainier InternationalPairCorr
  0.71FASIX Fidelity Asset ManagerPairCorr
  0.73FTIWX Fidelity Asset ManagerPairCorr
  0.77FTDWX Fidelity Asset ManagerPairCorr
  0.74FTAWX Fidelity Asset ManagerPairCorr
  0.7FIKVX Fidelity Asset ManagerPairCorr
  0.8FTCWX Fidelity Asset ManagerPairCorr
  0.9VASIX Vanguard LifestrategyPairCorr

Moving against Manning Mutual Fund

  0.39MDFSX Disciplined Value SeriesPairCorr
  0.35EXEYX Equity Series ClassPairCorr
  0.6BDJ Blackrock Enhanced EquityPairCorr
  0.4VFIAX Vanguard 500 IndexPairCorr

Related Correlations Analysis

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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.

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