International Stock Correlations

Mutual Funds . USA . 
Fund . International Stock Fund
DISCX Fund  USD 23.05  0.10  0.44%   
The current 90-days correlation between International Stock and Blackrock Health Sciences is 0.27 (i.e., Modest diversification). The correlation of International Stock 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 Stock Correlation With Market

Weak diversification

The correlation between International Stock Fund and DJI is 0.31 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding International Stock Fund 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 International Stock Fund. 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 main economic indicators.

Moving together with International Mutual Fund

  0.71DHGCX Dreyfusstandish GlobalPairCorr
  0.79DHGAX Dreyfusstandish GlobalPairCorr
  0.72DHMBX Dreyfus High YieldPairCorr
  0.69DHYCX Dreyfus High YieldPairCorr
  0.71DHYAX Dreyfus High YieldPairCorr
  0.73DZNJX Dreyfus New JerseyPairCorr
  0.8DIBCX Dreyfus InternationalPairCorr
  0.82DIBAX Dreyfus InternationalPairCorr
  0.82DIECX Dreyfus InternationalPairCorr
  0.81DIEAX Dreyfus InternationalPairCorr
  0.8DIISX Dreyfus InternationalPairCorr
  0.99DISAX International StockPairCorr
  0.8DITEX Dreyfus IntermediatePairCorr
  0.73PGROX Dreyfus Worldwide GrowthPairCorr
  0.73THPBX Dreyfus Balanced OppPairCorr
  0.69DMBCX Dreyfus Municipal BondPairCorr
  0.73DMBAX Dreyfus Short IntermPairCorr
  0.74DMBZX Dreyfus Municipal BondPairCorr
  0.71DMUCX Dreyfus Amt FreePairCorr
  0.75DMUAX Dreyfus Amt FreePairCorr
  0.61DNLDX Dreyfus Active MidcapPairCorr
  0.73DNYAX DnyaxPairCorr
  0.68DPLTX Dreyfus High YieldPairCorr
  0.63AVGCX Dynamic Total ReturnPairCorr
  0.65AVGAX Dynamic Total ReturnPairCorr
  0.71PNYCX Dreyfus New YorkPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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