Clough Global Correlations

GLO Fund

USD 5.00 0.01 0.20%

The current 90-days correlation between Clough Global Opport and Clough Global Allocation is 0.57 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Clough Global moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Clough Global Opportunities moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Clough Global Correlation With Market

Very weak diversification

The correlation between Clough Global Opportunities and DJI is 0.59 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Clough Global Opportunities and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Clough Global Opportunities. Also, note that the market value of any fund could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

Moving together with Clough Fund

0.91	BTO	John Hancock Financial	Pair Corr
0.61	TWN	Taiwan Closed	Pair Corr
0.73	CCD	Calamos Dynamic Conv	Pair Corr
0.76	SRV	Cushing Mlp Total	Pair Corr
0.72	PGLSX	Global Multi Strategy	Pair Corr
0.63	HWACX	Hotchkis Wiley Value	Pair Corr

Moving against Clough Fund

0.44	USGDX	Morgan Stanley Government	Pair Corr
0.4	TDF	Templeton Dragon Closed	Pair Corr
0.34	HRBDX	Harbor Bond Fund	Pair Corr
0.31	BISMX	Brandes International	Pair Corr

Related Correlations Analysis

	GLV	DDWWF	IAE	MFV	EDI	FCO	OPP	CRF	RIV	ACP
GLV		0.0	0.77	0.0	0.0	0.77	0.67	-0.26	0.67	0.66	GLV
DDWWF	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	DDWWF
IAE	0.77	0.0		0.0	0.0	0.72	0.82	-0.32	0.72	0.79	IAE
MFV	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	MFV
EDI	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	EDI
FCO	0.77	0.0	0.72	0.0	0.0		0.71	-0.39	0.51	0.63	FCO
OPP	0.67	0.0	0.82	0.0	0.0	0.71		-0.53	0.65	0.77	OPP
CRF	-0.26	0.0	-0.32	0.0	0.0	-0.39	-0.53		0.07	-0.03	CRF
RIV	0.67	0.0	0.72	0.0	0.0	0.51	0.65	0.07		0.85	RIV
ACP	0.66	0.0	0.79	0.0	0.0	0.63	0.77	-0.03	0.85		ACP
	GLV	DDWWF	IAE	MFV	EDI	FCO	OPP	CRF	RIV	ACP

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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

ACP	+ 0.85	RIV
OPP	+ 0.82	IAE
ACP	+ 0.79	IAE
IAE	+ 0.77	GLV
FCO	+ 0.77	GLV
ACP	+ 0.77	OPP

High negative correlations

CRF	- 0.53	OPP
CRF	- 0.39	FCO
CRF	- 0.32	IAE
CRF	- 0.26	GLV
ACP	- 0.03	CRF
ACP	- 0.0	EDI

Risk-Adjusted Indicators

There is a big difference between Clough Fund performing well and Clough Global 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 Clough Global'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
GLV	0.58	0.03	0.03	0.07	0.69	(0.66)	1.33	(1.30)	3.51
DDWWF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
IAE	0.64	0.06	0.07	0.13	0.70	(0.71)	1.18	(1.15)	4.07
MFV	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EDI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
FCO	0.75	0.11	0.11	0.37	0.83	(0.81)	1.72	(1.38)	6.31
OPP	0.39	0.09	0.17	0.71	0.31	(0.46)	0.82	(0.75)	2.32
CRF	1.04	(0.10)	0.00	(0.14)	0.00	0.00	1.64	(2.23)	11.53
RIV	0.59	0.01	0.01	0.03	0.74	(0.67)	1.48	(1.22)	4.71
ACP	0.51	0.06	0.09	0.25	0.48	(0.65)	1.19	(0.86)	3.12

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