Global Opportunity Correlations

MGGLX Fund

USD 32.39 0.01 0.03%

The correlation of Global Opportunity 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.

Check out Correlation Analysis to better understand how to build diversified portfolios. 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 bureau of economic analysis.

Moving together with Global Mutual Fund

0.86	MLMCX	Global E Portfolio	Pair Corr
0.87	MLMSX	Global E Portfolio	Pair Corr
0.86	MMCGX	Mid Cap Growth	Pair Corr
0.83	MPEGX	Mid Cap Growth	Pair Corr
0.66	MRHYX	Msift High Yield	Pair Corr
0.8	MRNPX	Msif International	Pair Corr
0.85	MACGX	Mid Cap Growth	Pair Corr
0.83	MSCMX	Morgan Stanley Multi	Pair Corr
0.81	MSEGX	Growth Portfolio Class	Pair Corr
0.81	MSEQX	Growth Portfolio Class	Pair Corr
0.72	MSHDX	High Yield Portfolio	Pair Corr
0.83	MSKLX	Mid Cap Growth	Pair Corr
0.86	MSMFX	Msift Mid Cap	Pair Corr
0.66	MSSMX	Small Pany Growth Steady Growth	Pair Corr
0.65	MSSLX	Small Pany Growth Steady Growth	Pair Corr
0.73	MSSOX	Global Strategist	Pair Corr
0.71	EUGDX	Morgan Stanley European	Pair Corr
0.72	EUGCX	Morgan Stanley European	Pair Corr
0.71	EUGAX	Morgan Stanley European	Pair Corr
0.78	MUOCX	Msif Core Portfolio	Pair Corr
0.85	IDVSX	Msif International	Pair Corr
0.8	CPODX	Morgan Stanley Multi	Pair Corr
0.8	CPOAX	Morgan Stanley Multi	Pair Corr

Related Correlations Analysis

	FEMDX	EMDQX	BELSX	SEDAX	VIESX	SMSDX
FEMDX		0.89	0.58	0.95	0.8	0.97	FEMDX
EMDQX	0.89		0.65	0.98	0.83	0.91	EMDQX
BELSX	0.58	0.65		0.63	0.7	0.65	BELSX
SEDAX	0.95	0.98	0.63		0.81	0.95	SEDAX
VIESX	0.8	0.83	0.7	0.81		0.85	VIESX
SMSDX	0.97	0.91	0.65	0.95	0.85		SMSDX
	FEMDX	EMDQX	BELSX	SEDAX	VIESX	SMSDX

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Risk-Adjusted Indicators

There is a big difference between Global Mutual Fund performing well and Global Opportunity 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 Opportunity'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
FEMDX	0.15	0.03	0.25	2.73	0.00	(0.20)	0.42	(0.26)	1.11
EMDQX	0.28	0.05	0.19	0.54	0.12	(0.43)	0.68	(0.45)	1.75
BELSX	0.44	0.08	0.17	0.60	0.45	(0.48)	0.92	(0.88)	2.59
SEDAX	0.23	0.04	0.25	0.52	0.00	(0.33)	0.59	(0.36)	1.30
VIESX	0.52	0.05	0.09	0.76	0.63	(0.59)	1.31	(1.03)	3.67
SMSDX	0.21	0.03	0.20	(0.63)	0.10	(0.26)	0.43	(0.42)	1.30

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Global Opportunity Correlations

Moving together with Global Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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