Mirova Global Correlations

MGGNX Fund

USD 8.58 0.01 0.12%

The current 90-days correlation between Mirova Global Green and Pnc International Equity is 0.09 (i.e., Significant diversification). The correlation of Mirova Global 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.

Mirova Global Correlation With Market

Average diversification

The correlation between Mirova Global Green and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mirova Global Green 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 Mirova Global Green. 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 board of governors.

Moving together with Mirova Mutual Fund

0.64	LIGCX	Loomis Sayles Intern	Pair Corr
0.64	LIGGX	Loomis Sayles Intern	Pair Corr
0.63	LIGNX	Loomis Sayles Intern	Pair Corr
0.63	LIGYX	Loomis Sayles Intern	Pair Corr
0.73	NRCFX	Aew Real Estate	Pair Corr
0.72	NRFAX	Aew Real Estate	Pair Corr
0.72	NRFNX	Aew Real Estate	Pair Corr
0.72	NRFYX	Aew Real Estate	Pair Corr

Related Correlations Analysis

	PMIEX	PAEIX	ARTNX	QLENX	TOIIX	RTIUX	SPRDX	PWITX
PMIEX		0.54	0.43	0.4	0.5	0.58	0.65	0.62	PMIEX
PAEIX	0.54		0.81	0.94	0.97	1.0	0.95	0.95	PAEIX
ARTNX	0.43	0.81		0.86	0.69	0.82	0.74	0.72	ARTNX
QLENX	0.4	0.94	0.86		0.91	0.94	0.82	0.85	QLENX
TOIIX	0.5	0.97	0.69	0.91		0.97	0.91	0.94	TOIIX
RTIUX	0.58	1.0	0.82	0.94	0.97		0.95	0.95	RTIUX
SPRDX	0.65	0.95	0.74	0.82	0.91	0.95		0.96	SPRDX
PWITX	0.62	0.95	0.72	0.85	0.94	0.95	0.96		PWITX
	PMIEX	PAEIX	ARTNX	QLENX	TOIIX	RTIUX	SPRDX	PWITX

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Risk-Adjusted Indicators

There is a big difference between Mirova Mutual Fund performing well and Mirova Global 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 Mirova Global'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
PMIEX	0.82	(0.05)	0.00	(0.19)	0.00	0.00	1.56	(1.68)	9.24
PAEIX	0.67	0.12	0.16	0.15	0.78	(0.72)	1.50	(1.54)	4.54
ARTNX	0.64	0.08	0.11	0.04	0.84	(0.68)	1.23	(1.48)	3.96
QLENX	0.44	0.14	0.30	0.29	0.41	(0.48)	0.81	(0.65)	3.11
TOIIX	0.66	0.21	0.28	0.34	0.60	(0.74)	1.51	(1.47)	5.44
RTIUX	0.61	0.10	0.16	0.14	0.76	(0.66)	1.47	(1.45)	5.02
SPRDX	0.70	0.04	0.05	(0.01)	1.18	(0.64)	1.35	(1.59)	4.63
PWITX	0.77	0.00	0.00	(0.06)	0.00	0.00	1.52	(1.47)	9.99

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Mirova Global Correlations

Mirova Global Correlation With Market

Average diversification

Moving together with Mirova Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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