Clough Global Correlations
| GLV Fund | USD 5.51 0.01 0.18% |
The current 90-days correlation between Clough Global Allocation and Clough Global Opportunities is 0.65 (i.e., Poor diversification). 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
Weak diversification
The correlation between Clough Global Allocation and DJI is 0.3 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Clough Global Allocation and DJI in the same portfolio, assuming nothing else is changed.
Clough |
Moving together with Clough Fund
| 0.62 | CSQ | Calamos Strategic Total | PairCorr |
| 0.79 | NNY | Nuveen New York | PairCorr |
| 0.63 | STEYX | International Strategic | PairCorr |
| 0.7 | BATIX | Bmo Tch Porate | PairCorr |
| 0.62 | LBHIX | Thrivent High Yield | PairCorr |
| 0.62 | EMQIX | Ashmore Emerging Markets | PairCorr |
| 0.64 | GUHYX | Victory High Yield | PairCorr |
| 0.73 | VGPMX | Vanguard Global Capital | PairCorr |
| 0.73 | VTMNX | Vanguard Developed | PairCorr |
| 0.71 | DFXIX | Dfa Diversified Fixed | PairCorr |
| 0.64 | RNOTX | Rivernorthoaktree High | PairCorr |
| 0.62 | PYCIX | Payden Emerging Markets | PairCorr |
| 0.7 | WABIX | Wells Fargo Advantage | PairCorr |
| 0.73 | VPMAX | Vanguard Primecap | PairCorr |
| 0.67 | PIMIX | Pimco Income | PairCorr |
| 0.78 | FFALX | Franklin Founding Funds | PairCorr |
| 0.72 | BKMBX | Blackrock Systematic | PairCorr |
| 0.72 | CDHAX | Calvert Developed Market | PairCorr |
| 0.64 | PSDAX | Short Duration Municipal | PairCorr |
| 0.67 | PYUSX | Payden Government | PairCorr |
Moving against Clough 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
| High negative correlations
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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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| GLO | 0.62 | 0.00 | 0.01 | 0.00 | 0.71 | 1.77 | 4.30 | |||
| DDWWF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| IAE | 0.58 | 0.06 | 0.08 | 0.25 | 0.66 | 1.19 | 3.59 | |||
| MFV | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| NCZ | 0.86 | (0.08) | 0.00 | 5.45 | 0.00 | 1.62 | 5.26 | |||
| NMCO | 0.45 | 0.00 | 0.01 | 0.02 | 0.60 | 0.91 | 2.58 | |||
| PCF | 0.58 | 0.04 | 0.06 | 0.26 | 0.58 | 1.34 | 2.94 | |||
| NFJ | 0.48 | (0.03) | 0.00 | (0.79) | 0.00 | 1.14 | 2.59 | |||
| CXH | 0.43 | 0.00 | 0.01 | 0.01 | 0.68 | 0.76 | 3.44 | |||
| IHTA | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |