International Smaller Correlations

Mutual Funds . USA . 
Fund . The International Smaller
BICKX Fund  USD 12.72  0.04  0.32%   
The current 90-days correlation between The International Smaller and Aam Select Income is 0.29 (i.e., Modest diversification). The correlation of International Smaller 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.

International Smaller Correlation With Market

Very weak diversification

The correlation between The International Smaller and DJI is 0.5 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding The International Smaller and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in The International Smaller. 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 industry.

Moving together with International Mutual Fund

  0.85BSGPX Eafe PurePairCorr
  0.9BTLKX Baillie Gifford IntePairCorr
  0.79BGCWX Baillie Gifford EafePairCorr
  0.76BGEUX Baillie Gifford EafePairCorr
  0.66BGEVX Baillie Gifford EafePairCorr
  0.75BGESX Eafe FundPairCorr
  0.73BGEPX Baillie Gifford EmergingPairCorr
  0.78BGELX Emerging MarketsPairCorr
  0.72BGIUX Baillie Gifford IntePairCorr
  0.72BGIVX Baillie Gifford IntePairCorr
  0.71BGIKX The International EquityPairCorr
  1.0BICIX The International SmallerPairCorr
  0.91OSMYX Oppenheimer Intl SmallPairCorr
  0.91OSCIX Oppenheimer Intl SmallPairCorr
  0.91OSMNX Oppenheimer Intl SmallPairCorr
  0.82TIDDX T Rowe PricePairCorr
  0.68MIDGX Mfs International NewPairCorr
  0.68MIDHX Mfs International NewPairCorr
  0.68MIDRX Mfs International NewPairCorr
  0.65NHS Neuberger Berman HighPairCorr
  0.61GIOIX Guggenheim Macro OppPairCorr
  0.82PGLSX Global Multi StrategyPairCorr
  0.65EMBAX Unconstrained EmergingPairCorr
  0.68SGDLX Sprott Gold EquityPairCorr
  0.62UTF Cohen And SteersPairCorr
  0.84DBIWX Dws Global MacroPairCorr
  0.63DLDFX Destinations Low DurationPairCorr

Related Correlations Analysis

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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   
IAADX
+ 0.88
CPUCX
FLAKQX
+ 0.72
ABVCX
FBJYGX
+ 0.7
CPUCX
FBJYGX
+ 0.65
IAADX
FLAKQX
+ 0.34
IAADX
FLAKQX
+ 0.28
CPUCX
  
High negative correlations   
ABVCX
- 0.1
FBJYGX

Risk-Adjusted Indicators

There is a big difference between International Mutual Fund performing well and International Smaller 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 International Smaller'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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