Global Fixed Correlations

DINDX Fund

USD 5.28 0.01 0.19%

The current 90-days correlation between Global Fixed Income and Goehring Rozencwajg Resources is -0.05 (i.e., Good diversification). The correlation of Global Fixed 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.

Global Fixed Correlation With Market

Good diversification

The correlation between Global Fixed Income and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Global Fixed Income and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Global Fixed Income. 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 unemployment.

Moving together with Global Mutual Fund

0.78	TEMUX	Emerging Markets Equity	Pair Corr
0.99	DINCX	Global Fixed Income	Pair Corr
1.0	DINAX	Global Fixed Income	Pair Corr
0.71	MNOPX	International Opportunity	Pair Corr
0.78	THYUX	High Yield Fund	Pair Corr
0.93	TIEUX	International Equity	Pair Corr
0.95	TIIUX	Core Fixed Income	Pair Corr
0.98	TILUX	Inflation Linked Fixed	Pair Corr
0.95	MORGX	Morgan Stanley Mortgage	Pair Corr
0.77	MPBAX	Global Strategist	Pair Corr
0.94	MPFDX	Corporate Bond Portfolio	Pair Corr
0.93	MRJCX	Real Assets Portfolio	Pair Corr
0.93	MRJAX	Real Assets Portfolio	Pair Corr
0.93	MRJIX	Real Assets Portfolio	Pair Corr
0.79	MRHYX	Msift High Yield	Pair Corr
0.93	MRJSX	Real Assets Portfolio	Pair Corr
0.71	MRNPX	Msif International	Pair Corr

Moving against Global Mutual Fund

0.68	MSFEX	Frontier Markets Por Potential Growth	Pair Corr
0.6	MSDOX	Morgan Stanley Insti	Pair Corr
0.59	MSDQX	Morgan Stanley Susta	Pair Corr
0.59	MSDUX	Morgan Stanley Insti	Pair Corr
0.56	MSCOX	Msif Small Pany	Pair Corr
0.31	MSCMX	Morgan Stanley Multi Steady Growth	Pair Corr

Related Correlations Analysis

	GRHAX	IEFCX	HNRGX	TMCLX	BACCX	PEO	XGNTX
GRHAX		0.76	0.8	0.76	0.77	0.66	0.32	GRHAX
IEFCX	0.76		0.99	0.92	0.98	0.97	0.72	IEFCX
HNRGX	0.8	0.99		0.93	0.97	0.96	0.64	HNRGX
TMCLX	0.76	0.92	0.93		0.9	0.89	0.61	TMCLX
BACCX	0.77	0.98	0.97	0.9		0.95	0.63	BACCX
PEO	0.66	0.97	0.96	0.89	0.95		0.69	PEO
XGNTX	0.32	0.72	0.64	0.61	0.63	0.69		XGNTX
	GRHAX	IEFCX	HNRGX	TMCLX	BACCX	PEO	XGNTX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Global Mutual Fund performing well and Global Fixed 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 Global Fixed'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
GRHAX	1.18	0.05	0.04	0.01	1.89	(1.08)	2.46	(3.31)	8.53
IEFCX	0.88	0.09	0.09	0.10	1.26	(0.80)	1.54	(2.20)	5.65
HNRGX	0.91	0.09	0.08	0.09	1.40	(0.83)	1.80	(2.30)	5.81
TMCLX	1.01	0.12	0.10	0.13	1.28	(1.10)	1.88	(2.24)	6.34
BACCX	0.85	0.10	0.10	0.12	1.26	(0.81)	1.49	(2.08)	5.48
PEO	0.87	0.09	0.10	0.14	1.20	(0.77)	1.79	(1.87)	5.71
XGNTX	0.56	0.10	0.16	0.22	0.75	(0.60)	1.26	(1.07)	3.07

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC