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
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.
Global |
Moving together with Global Mutual Fund
0.91 | GGBFX | Global Bond Fund | PairCorr |
0.74 | GIEYX | International Equity | PairCorr |
0.75 | GIEZX | International Equity | PairCorr |
0.73 | GIIYX | International Equity | PairCorr |
0.75 | GIIZX | Guidestone Funds Int | PairCorr |
0.87 | GLDZX | Low Duration Bond | PairCorr |
0.89 | GMDYX | Medium Duration Bond | PairCorr |
0.89 | GMDZX | Medium Duration Bond | PairCorr |
0.89 | GMBYX | Guidestone Funds | PairCorr |
0.89 | GMBZX | Guidestone Funds | PairCorr |
Moving against Global Mutual Fund
0.68 | GEIYX | Guidestone Growth Equity | PairCorr |
0.68 | GEIZX | Guidestone Growth Equity | PairCorr |
0.6 | GEQYX | Equity Index Institu | PairCorr |
0.6 | GEQZX | Equity Index Investor | PairCorr |
0.41 | GGEYX | Guidestone Fds Growth | PairCorr |
0.4 | GGEZX | Growth Equity Investor | PairCorr |
0.38 | GGBZX | Aggressive Allocation | PairCorr |
0.41 | GSCYX | Small Cap Equity | PairCorr |
0.4 | GAGYX | Aggressive Allocation | PairCorr |
Related Correlations Analysis
0.23 | 0.37 | 0.64 | 0.06 | 0.59 | SMPIX | ||
0.23 | -0.1 | -0.02 | 0.6 | 0.03 | RYMBX | ||
0.37 | -0.1 | 0.92 | -0.47 | 0.92 | USCAX | ||
0.64 | -0.02 | 0.92 | -0.42 | 0.98 | VOLMX | ||
0.06 | 0.6 | -0.47 | -0.42 | -0.4 | REVAX | ||
0.59 | 0.03 | 0.92 | 0.98 | -0.4 | LAVVX | ||
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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 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.Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
---|---|---|---|---|---|---|---|---|---|---|
SMPIX | 2.31 | 0.12 | 0.05 | 0.17 | 2.84 | 4.26 | 13.31 | |||
RYMBX | 0.83 | 0.10 | (0.01) | (0.23) | 0.97 | 1.82 | 4.53 | |||
USCAX | 0.87 | (0.01) | 0.04 | 0.08 | 0.77 | 2.07 | 7.45 | |||
VOLMX | 0.56 | 0.03 | 0.02 | 0.12 | 0.43 | 1.14 | 4.49 | |||
REVAX | 0.86 | 0.03 | (0.04) | 0.31 | 1.02 | 1.86 | 6.97 | |||
LAVVX | 0.48 | 0.02 | 0.01 | 0.11 | 0.25 | 1.18 | 4.06 |