Qs International Correlations

LGFEX Fund

USD 19.37 0.11 0.57%

The current 90-days correlation between Qs International Equity and Cornercap Small Cap Value is 0.09 (i.e., Significant diversification). The correlation of Qs International 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.

Qs International Correlation With Market

Poor diversification

The correlation between Qs International Equity and DJI is 0.65 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Qs International Equity and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Qs International Equity. 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 income.

Moving together with LGFEX Mutual Fund

0.79	LGOCX	Legg Mason Bw	Pair Corr
0.91	WAASX	Western Asset Total	Pair Corr
0.69	WACIX	Western Asset E	Pair Corr
0.69	WACSX	Western Asset E	Pair Corr
0.69	WABCX	Western Asset E	Pair Corr
0.7	WABRX	Western Asset E	Pair Corr
0.63	WABSX	Western Asset Interm	Pair Corr
0.88	WAGIX	Western Asset Global	Pair Corr
0.92	SSTLX	Western Asset Short	Pair Corr
0.92	WAFCX	Western Asset Inflation	Pair Corr
0.92	WAFSX	Western Asset Inflation	Pair Corr
0.92	WAFRX	Western Asset Inflation	Pair Corr
0.91	WAPCX	Western Asset E	Pair Corr
0.91	WAPIX	Western Asset E	Pair Corr
0.68	WAPSX	Western Asset E	Pair Corr
0.92	WAPRX	Western Asset E	Pair Corr
0.99	SBICX	Clearbridge International	Pair Corr
0.71	SBILX	Western Asset Porate	Pair Corr
0.97	WARIX	Western Asset Total	Pair Corr
0.89	WATCX	Western Asset Interm	Pair Corr
0.9	WATRX	Western Asset Interm	Pair Corr
0.92	WATPX	Western Asset Inflation	Pair Corr
0.97	WAUCX	Western Asset Total	Pair Corr
0.97	WAURX	Western Asset Total	Pair Corr

Moving against LGFEX Mutual Fund

0.52	LGSCX	Qs Small Capitalization	Pair Corr
0.48	LGASX	Clearbridge Small Cap	Pair Corr
0.34	SAGCX	Clearbridge Aggressive	Pair Corr
0.55	LMASX	Clearbridge Small Cap	Pair Corr
0.55	LMARX	Clearbridge Small Cap	Pair Corr
0.54	SBMLX	Clearbridge Mid Cap	Pair Corr
0.54	LISGX	Clearbridge Small Cap	Pair Corr
0.52	LMBMX	Qs Small Capitalization	Pair Corr
0.43	SCSMX	Clearbridge Small Cap	Pair Corr
0.41	SBSDX	Qs Sp 500	Pair Corr

Related Correlations Analysis

	CSCVX	ARSMX	BPSCX	AOPAX	IAAEX	SHPSX	TIMVX
CSCVX		0.19	0.1	0.32	0.72	-0.09	0.02	CSCVX
ARSMX	0.19		0.89	-0.29	0.38	-0.85	0.89	ARSMX
BPSCX	0.1	0.89		-0.24	0.24	-0.93	0.95	BPSCX
AOPAX	0.32	-0.29	-0.24		0.06	0.43	-0.23	AOPAX
IAAEX	0.72	0.38	0.24	0.06		-0.24	0.17	IAAEX
SHPSX	-0.09	-0.85	-0.93	0.43	-0.24		-0.85	SHPSX
TIMVX	0.02	0.89	0.95	-0.23	0.17	-0.85		TIMVX
	CSCVX	ARSMX	BPSCX	AOPAX	IAAEX	SHPSX	TIMVX

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

TIMVX	+ 0.95	BPSCX
BPSCX	+ 0.89	ARSMX
TIMVX	+ 0.89	ARSMX
IAAEX	+ 0.72	CSCVX
SHPSX	+ 0.43	AOPAX
IAAEX	+ 0.38	ARSMX

High negative correlations

SHPSX	- 0.93	BPSCX
TIMVX	- 0.85	SHPSX
SHPSX	- 0.85	ARSMX
AOPAX	- 0.29	ARSMX
SHPSX	- 0.24	IAAEX
AOPAX	- 0.24	BPSCX

Risk-Adjusted Indicators

There is a big difference between LGFEX Mutual Fund performing well and Qs International 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 Qs International'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
CSCVX	0.43	(0.09)	0.00	1.80	0.00	0.00	0.97	(1.23)	4.53
ARSMX	0.71	(0.07)	0.00	0.76	0.00	0.00	1.17	(1.37)	3.08
BPSCX	0.84	(0.10)	0.00	(0.10)	0.00	0.00	1.61	(2.10)	4.06
AOPAX	0.46	0.04	0.06	0.11	0.63	(0.49)	1.15	(1.14)	3.90
IAAEX	0.81	(0.12)	0.00	1.00	0.00	0.00	1.41	(1.48)	9.17
SHPSX	1.02	0.18	0.15	(0.16)	1.05	(1.18)	2.75	(1.79)	7.00
TIMVX	0.77	(0.06)	0.00	(0.06)	0.00	0.00	1.41	(1.75)	3.55

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC