Clough Global Correlations

GLQ Fund

USD 6.42 0.02 0.31%

The correlation of Clough Global 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.

Clough Global Correlation With Market

Poor diversification

The correlation between Clough Global Ef and DJI is 0.62 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Clough Global Ef 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 Ef. 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

0.89	STFGX	State Farm Growth	Pair Corr
0.67	TWN	Taiwan Closed	Pair Corr
0.69	ALEFX	Alps/alerian Energy	Pair Corr

Moving against Clough Fund

0.54	ABQYX	Ab Intermediate Bond	Pair Corr
0.4	NWJJX	Nationwide Highmark Bond	Pair Corr
0.37	FXIDX	Fixed Income Shares	Pair Corr
0.35	TDF	Templeton Dragon Closed	Pair Corr
0.34	MIPIX	Matthews Asia Dividend	Pair Corr
0.31	WATCX	Western Asset Interm	Pair Corr
0.78	RYUHX	Inverse Sp 500	Pair Corr
0.4	ACCSX	Access Capital Munity	Pair Corr
0.39	GIGGX	Deutsche Gnma	Pair Corr
0.39	SNGYX	Sit Government Securities	Pair Corr
0.33	NECRX	Loomis Sayles E	Pair Corr
0.32	MSPHX	Massmutual Select Total	Pair Corr

Related Correlations Analysis

	NCV	CBH	CXH	EVF	EDF	OPP	FTF	EDI	FNCSF	FNNCF
NCV		0.0	-0.15	0.81	0.14	-0.23	0.39	0.0	0.56	0.76	NCV
CBH	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	CBH
CXH	-0.15	0.0		0.16	0.44	0.69	0.53	0.0	-0.38	0.03	CXH
EVF	0.81	0.0	0.16		0.08	-0.14	0.44	0.0	0.54	0.73	EVF
EDF	0.14	0.0	0.44	0.08		0.83	0.75	0.0	-0.44	0.3	EDF
OPP	-0.23	0.0	0.69	-0.14	0.83		0.61	0.0	-0.61	-0.06	OPP
FTF	0.39	0.0	0.53	0.44	0.75	0.61		0.0	-0.15	0.6	FTF
EDI	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	EDI
FNCSF	0.56	0.0	-0.38	0.54	-0.44	-0.61	-0.15	0.0		0.41	FNCSF
FNNCF	0.76	0.0	0.03	0.73	0.3	-0.06	0.6	0.0	0.41		FNNCF
	NCV	CBH	CXH	EVF	EDF	OPP	FTF	EDI	FNCSF	FNNCF

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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

OPP	+ 0.83	EDF
EVF	+ 0.81	NCV
FNNCF	+ 0.76	NCV
FTF	+ 0.75	EDF
FNNCF	+ 0.73	EVF
OPP	+ 0.69	CXH

High negative correlations

FNCSF	- 0.61	OPP
FNCSF	- 0.44	EDF
FNCSF	- 0.38	CXH
OPP	- 0.23	NCV
FNCSF	- 0.15	FTF
CXH	- 0.15	NCV

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
NCV	0.81	(0.01)	0.00	(0.09)	0.00	0.00	1.79	(1.84)	4.59
CBH	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CXH	0.42	(0.06)	0.00	0.99	0.00	0.00	0.76	(1.01)	2.37
EVF	0.34	(0.06)	0.00	(2.01)	0.00	0.00	0.83	(0.82)	1.98
EDF	0.89	0.17	0.18	0.48	0.97	(1.04)	1.98	(1.77)	5.27
OPP	0.43	0.05	0.20	0.50	0.43	(0.48)	0.82	(0.86)	2.32
FTF	0.46	0.01	0.09	(0.03)	0.68	(0.45)	0.81	(0.92)	3.29
EDI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
FNCSF	1.88	(0.04)	0.00	(0.18)	0.00	0.00	4.42	(6.26)	19.18
FNNCF	1.16	(0.15)	0.00	(0.33)	0.00	0.00	3.83	(4.93)	18.47

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