International Investors Correlations

Mutual Funds . USA . 
Fund . International Investors Gold
INIIX Fund  USD 19.26  0.19  0.98%   
The current 90-days correlation between International Investors and Baird Quality Intermediate is 0.07 (i.e., Significant diversification). The correlation of International Investors 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.

International Investors Correlation With Market

Modest diversification

The correlation between International Investors Gold and DJI is 0.23 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding International Investors Gold 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 International Investors Gold. 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 gross domestic product.

Moving together with International Mutual Fund

  0.88EMBAX Unconstrained EmergingPairCorr
  0.89EMBYX Unconstrained EmergingPairCorr
  0.88EMBUX Unconstrained EmergingPairCorr
  0.82EMRIX Emerging MarketsPairCorr
  0.8EMRCX Emerging MarketsPairCorr
  0.74EMRZX Vaneck Emerging MarketsPairCorr
  0.82EMRYX Emerging MarketsPairCorr
  1.0INIVX International InvestorsPairCorr
  1.0INIYX International InvestorsPairCorr
  0.78GHAIX Global Hard AssetsPairCorr
  0.78GHAYX Global Hard AssetsPairCorr
  0.78GHAAX Global Hard AssetsPairCorr
  0.77GHACX Global Hard AssetsPairCorr
  0.78CMCAX Cm Modity IndexPairCorr
  0.78CMCYX Cm Modity IndexPairCorr
  0.77COMIX Cm Modity IndexPairCorr
  1.0IIGCX International InvestorsPairCorr
  0.74GBFAX Emerging MarketsPairCorr
  1.0SGGDX First Eagle GoldPairCorr
  1.0FEGIX First Eagle GoldPairCorr
  0.98FEGOX First Eagle GoldPairCorr
  0.99OPGSX Oppenheimer Gold SpecPairCorr
  0.99OGMCX Oppenheimer Gold SpecialPairCorr
  1.0FSAGX Gold Portfolio GoldPairCorr
  1.0FIJDX Gold Portfolio FidelityPairCorr
  0.68GAAKX Gmo Alternative AlloPairCorr
  0.68GAAGX Gmo Alternative AlloPairCorr
  0.83GPBFX Gmo E PlusPairCorr
  0.79WARCX Wells Fargo AdvantagePairCorr
  0.83PRIDX T Rowe PricePairCorr
  0.71ARRFX Amg River RoadPairCorr
  0.88JOEIX Johcm Emerging MarketsPairCorr

Moving against International Mutual Fund

  0.61MWMIX Vaneck Morningstar WidePairCorr
  0.61MWMZX Vaneck Morningstar WidePairCorr
  0.86PQTAX Pimco Trends ManagedPairCorr
  0.86PQTNX Pimco Trends ManagedPairCorr
  0.86PQTIX Aa Pimco TrPairCorr
  0.66GPMFX Guidepath Managed FuturesPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between International Mutual Fund performing well and International Investors 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 International Investors' 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.

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