Pro Blend Correlations
MNHCX Fund | USD 27.39 0.09 0.33% |
The current 90-days correlation between Pro Blend Maximum and Baron Health Care is 0.79 (i.e., Poor diversification). The correlation of Pro Blend 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.
Pro Blend Correlation With Market
Poor diversification
The correlation between Pro Blend Maximum Term and DJI is 0.73 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pro Blend Maximum Term and DJI in the same portfolio, assuming nothing else is changed.
Pro |
Moving together with Pro Mutual Fund
0.91 | CEIIX | Manning Napier Callodine | PairCorr |
0.91 | CEIZX | Manning Napier Callodine | PairCorr |
0.91 | CEISX | Manning Napier Callodine | PairCorr |
0.85 | MNDFX | Disciplined Value Series | PairCorr |
0.7 | MNHAX | High Yield Bond | PairCorr |
1.0 | MNHIX | Pro Blend Maximum | PairCorr |
0.93 | MNHRX | Pro Blend Maximum | PairCorr |
1.0 | MNHWX | Manning Napier Pro | PairCorr |
0.76 | MNHYX | High Yield Bond | PairCorr |
0.85 | MDFSX | Disciplined Value Series | PairCorr |
0.85 | MDVWX | Manning Napier Disci | PairCorr |
0.85 | MDVZX | Manning Napier Disci | PairCorr |
Moving against Pro Mutual Fund
0.39 | MCBZX | Manning Napier Core | PairCorr |
0.39 | EXCRX | Core Bond Series | PairCorr |
0.38 | MCBWX | Manning Napier Core | PairCorr |
0.38 | EXCIX | Core Bond Series | PairCorr |
0.33 | MCDWX | Manning Napier Credit | PairCorr |
0.31 | EXCPX | Unconstrained Bond Series | PairCorr |
Related Correlations Analysis
0.94 | 0.96 | 0.78 | 0.91 | 0.9 | 0.43 | BHCHX | ||
0.94 | 0.91 | 0.84 | 0.91 | 0.82 | 0.62 | FHCCX | ||
0.96 | 0.91 | 0.8 | 0.94 | 0.95 | 0.42 | BHSRX | ||
0.78 | 0.84 | 0.8 | 0.81 | 0.74 | 0.55 | LOGSX | ||
0.91 | 0.91 | 0.94 | 0.81 | 0.89 | 0.6 | PHLAX | ||
0.9 | 0.82 | 0.95 | 0.74 | 0.89 | 0.3 | XXGRX | ||
0.43 | 0.62 | 0.42 | 0.55 | 0.6 | 0.3 | AHSCX | ||
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Risk-Adjusted Indicators
There is a big difference between Pro Mutual Fund performing well and Pro Blend 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 Pro Blend'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 | ||
---|---|---|---|---|---|---|---|---|---|---|
BHCHX | 0.65 | (0.15) | 0.00 | (0.10) | 0.00 | 1.27 | 4.20 | |||
FHCCX | 0.68 | (0.12) | 0.00 | (0.05) | 0.00 | 1.05 | 4.04 | |||
BHSRX | 0.56 | (0.16) | 0.00 | (0.15) | 0.00 | 0.91 | 3.39 | |||
LOGSX | 0.58 | (0.14) | 0.00 | (0.14) | 0.00 | 1.02 | 3.97 | |||
PHLAX | 0.65 | (0.15) | 0.00 | (0.12) | 0.00 | 1.04 | 5.07 | |||
XXGRX | 0.63 | (0.14) | 0.00 | (0.69) | 0.00 | 1.01 | 2.74 | |||
AHSCX | 0.55 | (0.06) | (0.17) | (0.02) | 0.70 | 0.82 | 4.55 |