International Smaller Correlations

BICKX Fund  USD 12.83  0.16  1.23%   
The current 90-days correlation between The International Smaller and The International Smaller is 1.0 (i.e., No risk reduction). 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

Average diversification

The correlation between The International Smaller and DJI is 0.1 (i.e., Average 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

  0.96BSGPX Eafe PurePairCorr
  0.83BSGLX Long TermPairCorr
  0.91BTLSX Baillie Gifford IntePairCorr
  0.84BTLKX Baillie Gifford IntePairCorr
  0.87BGCWX Baillie Gifford EafePairCorr
  0.78BGCSX Eafe ChoicePairCorr
  0.87BGCJX Baillie Gifford EafePairCorr
  0.76BGCDX Baillie Gifford ChinaPairCorr
  0.77BGCBX Baillie Gifford ChinaPairCorr
  0.62BGEVX Baillie Gifford EafePairCorr
  0.62BGETX Baillie Gifford EafePairCorr
  0.81BGEPX Baillie Gifford EmergingPairCorr
  0.61BGEKX Eafe FundPairCorr
  0.81BGELX Emerging MarketsPairCorr
  0.81BGEGX Baillie Gifford EmergingPairCorr
  0.86BGEHX Baillie Gifford EmergingPairCorr
  0.62BGEFX Baillie Gifford EafePairCorr
  0.81BGEDX Baillie Gifford EmergingPairCorr
  0.83BGGSX Equity GrowthPairCorr
  0.68BGGKX Equity GrowthPairCorr
  0.72BGIUX Baillie Gifford IntePairCorr
  0.72BGIVX Baillie Gifford IntePairCorr
  0.71BGITX Baillie Gifford IntePairCorr
  0.71BGIKX The International EquityPairCorr
  0.71BGIFX Baillie Gifford IntePairCorr
  0.81BGKEX Emerging MarketsPairCorr
  0.93BGLTX Baillie GiffordPairCorr
  0.93BGLKX Long TermPairCorr
  0.95BGPKX Eafe PurePairCorr
  0.86BGPTX Baillie Gifford EafePairCorr

Related Correlations Analysis

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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.