Global Opportunities Correlations

Mutual Funds . USA . 
Fund . Global Opportunities Fund
FLFGX Fund  USD 11.24  0.02  0.18%   
The current 90-days correlation between Global Opportunities and Dynamic Growth Fund is 0.98 (i.e., Almost no diversification). The correlation of Global Opportunities 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 Opportunities Correlation With Market

Poor diversification

The correlation between Global Opportunities Fund and DJI is 0.74 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Global Opportunities 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 Global Opportunities 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 price.

Moving together with Global Mutual Fund

  0.79QNTAX Quantex Fund AdviserPairCorr
  0.79QNTIX Quantex Fund InstituPairCorr
  0.93IFAAX Infrastructure FundPairCorr
  0.93IFAIX Infrastructure FundPairCorr
  0.75BLNIX Balanced Fund InstitPairCorr
  0.75BLNAX Balanced Fund AdviserPairCorr
  0.67FLCGX Quantex Fund RetailPairCorr
  0.87FLDOX Dividend OpportunitiesPairCorr
  0.78FLDGX Dynamic GrowthPairCorr
  0.74FLDFX Balanced Fund RetailPairCorr
  0.66FLMIX Muirfield Fund InstiPairCorr
  0.66FLMAX Muirfield Fund AdviserPairCorr
  0.93FLRUX Infrastructure FundPairCorr
  0.87DVOIX Dividend OpportunitiesPairCorr
  0.88DVOAX Dividend OpportunitiesPairCorr
  0.99GBPAX Global OpportunitiesPairCorr
  0.79DYGIX Dynamic GrowthPairCorr
  0.79DYGAX Dynamic GrowthPairCorr
  0.69RIRAX Capital Income BuilderPairCorr
  0.68RIREX Capital Income BuilderPairCorr
  0.69RIRCX Capital Income BuilderPairCorr
  0.68RIRFX Capital Income BuilderPairCorr
  0.69CIRCX Capital Income BuilderPairCorr
  0.68CIREX Capital Income BuilderPairCorr
  0.69RIRBX Capital Income BuilderPairCorr
  0.68CAIFX Capital Income BuilderPairCorr
  0.68CIRFX Capital Income BuilderPairCorr
  0.68CIRAX Capital Income BuilderPairCorr

Moving against Global Mutual Fund

  0.62TCTGX Transamerica CleartrackPairCorr
  0.46USPSX Profunds UltrashortPairCorr
  0.62TDKTX Cleartrack 2015 ClassPairCorr
  0.62TCTJX Transamerica CleartrackPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Global Mutual Fund performing well and Global Opportunities 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 Opportunities' 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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