Global Real Correlations

GREYX Fund  USD 9.31  0.04  0.43%   
The correlation of Global Real 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 Real Correlation With Market

GlobalDowDiversified AwayGlobalDowDiversified Away100%

Average diversification

The correlation between Global Real Estate and DJI is 0.19 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Global Real Estate 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 Global Real Estate. 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 manufacturing.

Moving together with Global Mutual Fund

  0.91GGBFX Global Bond FundPairCorr
  0.74GIEYX International EquityPairCorr
  0.75GIEZX International EquityPairCorr
  0.73GIIYX International EquityPairCorr
  0.75GIIZX Guidestone Funds IntPairCorr
  0.87GLDZX Low Duration BondPairCorr
  0.89GMDYX Medium Duration BondPairCorr
  0.89GMDZX Medium Duration BondPairCorr
  0.89GMBYX Guidestone FundsPairCorr
  0.89GMBZX Guidestone FundsPairCorr

Moving against Global Mutual Fund

  0.68GEIYX Guidestone Growth EquityPairCorr
  0.68GEIZX Guidestone Growth EquityPairCorr
  0.6GEQYX Equity Index InstituPairCorr
  0.6GEQZX Equity Index InvestorPairCorr
  0.41GGEYX Guidestone Fds GrowthPairCorr
  0.4GGEZX Growth Equity InvestorPairCorr
  0.38GGBZX Aggressive AllocationPairCorr
  0.41GSCYX Small Cap EquityPairCorr
  0.4GAGYX Aggressive AllocationPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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   
LAVVXVOLMX
VOLMXUSCAX
LAVVXUSCAX
VOLMXSMPIX
REVAXRYMBX
LAVVXSMPIX
  
High negative correlations   
REVAXUSCAX
REVAXVOLMX
LAVVXREVAX
USCAXRYMBX
VOLMXRYMBX

Risk-Adjusted Indicators

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