International Equity Correlations

Mutual Funds . USA . 
Fund . The International Equity
BINSX Fund  USD 13.90  0.04  0.29%   
The current 90-days correlation between The International Equity and Fidelity Real Estate is 0.42 (i.e., Very weak diversification). The correlation of International Equity 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 Equity Correlation With Market

Very weak diversification

The correlation between The International Equity and DJI is 0.54 (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 Equity 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 Equity. 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 state.

Moving together with International Mutual Fund

  0.87BSGPX Eafe PurePairCorr
  0.81BTLSX Baillie Gifford IntePairCorr
  0.81BTLKX Baillie Gifford IntePairCorr
  0.97BGCWX Baillie Gifford EafePairCorr
  0.97BGCSX Eafe ChoicePairCorr
  0.97BGCJX Baillie Gifford EafePairCorr
  0.84BGCDX Baillie Gifford ChinaPairCorr
  0.84BGCBX Baillie Gifford ChinaPairCorr
  0.75BGEUX Baillie Gifford EafePairCorr
  0.67BGEVX Baillie Gifford EafePairCorr
  0.75BGESX Eafe FundPairCorr
  0.75BGETX Baillie Gifford EafePairCorr
  0.89BGEPX Baillie Gifford EmergingPairCorr
  0.75BGEKX Eafe FundPairCorr
  0.89BGELX Emerging MarketsPairCorr
  0.89BGEGX Baillie Gifford EmergingPairCorr
  0.75BGEFX Baillie Gifford EafePairCorr
  0.89BGEDX Baillie Gifford EmergingPairCorr
  1.0BGIUX Baillie Gifford IntePairCorr
  1.0BGIVX Baillie Gifford IntePairCorr
  1.0BGITX Baillie Gifford IntePairCorr
  1.0BGIKX The International EquityPairCorr
  1.0BGIFX Baillie Gifford IntePairCorr
  0.89BGKEX Emerging MarketsPairCorr
  0.9BGPKX Eafe PurePairCorr
  0.9BGPFX Baillie Gifford EafePairCorr
  0.9BGPTX Baillie Gifford EafePairCorr
  0.8BICKX The International Smaller Potential GrowthPairCorr
  0.79BICIX The International Smaller Potential GrowthPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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