Macquarie Global Correlations

Delisted . USA . 
Fund . Macquarie Global Infrastructure
MGUDelisted Fund  USD 0.02  0  4.55%   
The current 90-days correlation between Macquarie Global Inf and MainStay CBRE Global is 0.02 (i.e., Significant diversification). The correlation of Macquarie 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.

Macquarie Global Correlation With Market

Good diversification

The correlation between Macquarie Global Infrastructur and DJI is -0.1 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Macquarie Global Infrastructur and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Correlation Analysis to better understand how to build diversified portfolios. Also, note that the market value of any fund could be closely tied with the direction of predictive economic indicators such as signals in price.

Moving against Macquarie Fund

  0.86EGRSX Eaton Vance GlobalPairCorr
  0.85ETCEX Eventide ExponentialPairCorr
  0.81AFOIX Alger Mid CapPairCorr
  0.81ARTFX Artisan High IncomePairCorr
  0.79HGORX Hartford GrowthPairCorr
  0.79HGOSX Hartford GrowthPairCorr
  0.78AULDX Ultra Fund R6PairCorr
  0.78MIFOX Marsico FocusPairCorr
  0.77FRSGX Franklin Small MidPairCorr
  0.77DSHZX Brinker Capital DestPairCorr
  0.75AFRFX Invesco Floating RatePairCorr
  0.75WIAEX Wasatch Small CapPairCorr
  0.74VFIAX Vanguard 500 IndexPairCorr
  0.73VVIPX Voya Vacs IndexPairCorr
  0.73ISJBX Voya Stock IndexPairCorr
  0.68CSHIX Credit Suisse FloatingPairCorr
  0.67CVVRX Columbia Small CapPairCorr
  0.64HTY John Hancock TaxPairCorr
  0.64MUI Blackrock Muni InterPairCorr
  0.63DREQX Dreyfus Research GrowthPairCorr
  0.62CFNDX Cargile FundPairCorr
  0.61MLXIX Catalyst Mlp InfrastPairCorr
  0.48VVR Invesco Senior IncomePairCorr
  0.38PAGRX Aggressive GrowthPairCorr
  0.35STFGX State Farm GrowthPairCorr
  0.82WUSRX Wells Fargo UltraPairCorr
  0.82CFSIX Touchstone Sands CapitalPairCorr
  0.81AFOZX Alger Funds MidPairCorr
  0.8PFPPX Midcap GrowthPairCorr
  0.79PSDSX Palmer Square UltraPairCorr
  0.79HGOVX Hartford GrowthPairCorr
  0.79ITRGX Vy T RowePairCorr
  0.78FCSKX Franklin VertiblePairCorr
  0.78ASIUX Multi Asset RealPairCorr
  0.78TWMTX Transamerica GrowthPairCorr

Related Correlations Analysis

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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   
TEAF
+ 0.88
MEGI
AOD
+ 0.84
MEGI
AOD
+ 0.84
TEAF
MGF
+ 0.83
CXE
MUE
+ 0.83
CMU
CXE
+ 0.82
MEGI
  
High negative correlations   
CBH
- 0.85
MEGI
CBH
- 0.75
MGF
CBH
- 0.7
CXE
CBH
- 0.64
AOD
CBH
- 0.64
TEAF
MGF
- 0.24
SDHY

Risk-Adjusted Indicators

There is a big difference between Macquarie Fund performing well and Macquarie Global 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 Macquarie 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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
MEGI  0.87 (0.23) 0.00 (0.62) 0.00 
 0.00 
 1.41 
(2.11)
 5.55 
ARDC  0.40  0.00 (0.03) 0.02  0.51 
(0.40)
 1.07 
(0.96)
 2.69 
SDHY  0.35  0.00 (0.03) 0.04  0.46 
(0.34)
 0.92 
(0.74)
 2.73 
TEAF  0.44 (0.08) 0.00 (0.33) 0.00 
 0.00 
 0.78 
(1.27)
 3.82 
AOD  0.51 (0.05) 0.00 (0.09) 0.00 
 0.00 
 0.93 
(0.92)
 3.01 
CXE  0.55 (0.10) 0.00 (0.68) 0.00 
 0.00 
 1.54 
(1.31)
 3.42 
CMU  0.42 (0.05) 0.00  1.37  0.00 
 0.00 
 0.85 
(0.85)
 2.82 
MUE  0.52 (0.09) 0.00 (1.76) 0.00 
 0.00 
 0.78 
(1.21)
 3.26 
MGF  0.49 (0.05) 0.00 (0.24) 0.00 
 0.00 
 1.25 
(1.26)
 3.50 
CBH  0.13  0.04  0.07 (5.29) 0.00 
(0.18)
 0.22 
(0.22)
 0.78 

View Macquarie Global Related Equities

 Risk & Return  Correlation

Still Interested in Macquarie Global Infrastructure?

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