Mondrian Global Correlations

Mutual Funds . USA . 
Fund . Mondrian Global Listed
MGIFX Fund  USD 10.80  0.08  0.74%   
The current 90-days correlation between Mondrian Global Listed and Glg Intl Small is 0.41 (i.e., Very weak diversification). The correlation of Mondrian 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.

Mondrian Global Correlation With Market

Very weak diversification

The correlation between Mondrian Global Listed and DJI is 0.44 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mondrian Global Listed 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 Mondrian Global Listed. 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 census.

Moving together with Mondrian Mutual Fund

  0.81MPEMX Mondrian Emerging MarketsPairCorr
  0.75MPGVX Mondrian Global EquityPairCorr
  0.93MPIEX Mondrian InternationalPairCorr
  0.81GLIFX Lazard Global ListedPairCorr
  0.81GLFOX Lazard Global ListedPairCorr
  0.86VCRCX Mainstay Cbre GlobalPairCorr
  0.81TOLSX Deutsche Global InfrPairCorr
  0.81TOLZX Deutsche Global InfrPairCorr
  0.86VCRAX Voya Cbre GlobalPairCorr
  0.86VCRIX Voya Cbre GlobalPairCorr
  0.81TOLLX Deutsche Global InfrPairCorr
  0.81TOLIX Deutsche Global InfrPairCorr
  0.89FICMX Federated GovernmentPairCorr
  0.87RBOHX Intermediate BondPairCorr
  0.67FAPQX FapqxPairCorr
  0.83IOEIX Scm TrustPairCorr
  0.86DFISX International Small PanyPairCorr
  0.83NSTCX Neuberger Berman StrPairCorr
  0.86JHCBX John Hancock BondPairCorr
  0.86COBCX American Funds PoratePairCorr
  0.8VMNVX Vanguard Global MinimumPairCorr
  0.86BFCCX American Funds PoratePairCorr
  0.75MCOCX Madison ConservativePairCorr
  0.88VFIJX Vanguard GnmaPairCorr
  0.66EKIZX Wells Fargo AdjustablePairCorr
  0.82DIPSX Dfa Inflation ProtectedPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Mondrian Mutual Fund performing well and Mondrian 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 Mondrian 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.

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