New Germany Correlations
GF Fund | USD 10.25 0.17 1.63% |
The correlation of New Germany 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.
New Germany Correlation With Market
Very weak diversification
The correlation between New Germany Closed and DJI is 0.43 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding New Germany Closed and DJI in the same portfolio, assuming nothing else is changed.
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Moving together with New Fund
0.69 | PHK | Pimco High Income | PairCorr |
0.7 | FFC | Flaherty Crumrine | PairCorr |
0.9 | HIO | Western Asset High | PairCorr |
0.69 | CKKRX | Columbia Income Builder | PairCorr |
0.68 | OWCIX | Old Westbury Credit | PairCorr |
0.83 | VMSIX | Vanguard Multi Sector | PairCorr |
0.72 | HEMZX | Virtus Emerging Markets | PairCorr |
0.62 | PCCFX | Prudential Income Builder | PairCorr |
0.91 | PUGCX | Putnam Global Equity | PairCorr |
0.79 | NSITX | Northern Short-intermedia | PairCorr |
0.61 | CITAX | American High Income | PairCorr |
0.87 | WATCX | Western Asset Interm | PairCorr |
0.68 | MINFX | Mfs International Value | PairCorr |
0.66 | IRFIX | Cohen Steers Interna | PairCorr |
0.89 | VTMGX | Vanguard Developed | PairCorr |
0.87 | REMVX | Rbc Emerging Markets | PairCorr |
0.9 | ASBFX | Short Term Bond | PairCorr |
0.67 | CBURX | Columbia Income Builder | PairCorr |
0.61 | WCCFX | Wealthbuilder Conservative | PairCorr |
0.89 | GIGGX | Deutsche Gnma | PairCorr |
0.67 | MNCIX | Pro-blend(r) Conservative | PairCorr |
0.64 | MNCRX | Pro-blend(r) Conservative | PairCorr |
0.9 | HIMZX | Virtus Low Duration | PairCorr |
0.65 | RBBCX | Columbia Income Builder | PairCorr |
0.93 | UTDIX | My529 International Value | PairCorr |
0.89 | FLRRX | Franklin Low Duration | PairCorr |
0.77 | BRKRX | Mfs Blended Research | PairCorr |
Moving against New Fund
Related Correlations Analysis
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Correlation Matchups
Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.High positive correlations
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Risk-Adjusted Indicators
There is a big difference between New Fund performing well and New Germany 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 New Germany'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 | ||
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FDEU | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
EICA | 0.32 | 0.03 | 0.28 | (1.87) | 0.26 | 0.81 | 2.84 | |||
HYI | 0.37 | (0.02) | 0.00 | 0.43 | 0.00 | 0.67 | 1.61 | |||
NNY | 0.39 | 0.01 | 0.14 | (0.03) | 0.44 | 0.88 | 1.96 | |||
HIO | 0.45 | 0.09 | 0.25 | 0.23 | 0.35 | 1.04 | 4.34 | |||
GDO | 0.47 | 0.02 | 0.14 | (0.17) | 0.61 | 1.05 | 3.07 | |||
EHI | 0.45 | 0.07 | 0.22 | 0.18 | 0.42 | 0.91 | 3.66 | |||
EEA | 0.66 | 0.15 | 0.19 | 0.30 | 0.79 | 1.47 | 5.11 | |||
HTY | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
CMU | 0.42 | (0.05) | 0.00 | 0.36 | 0.00 | 0.86 | 2.25 |