Global Advantage Correlations
| MIGIX Fund | USD 17.12 0.36 2.06% |
The current 90-days correlation between Global Advantage Por and Morgan Stanley Multi is 0.12 (i.e., Average diversification). The correlation of Global Advantage 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.
Global Advantage Correlation With Market
Modest diversification
The correlation between Global Advantage Portfolio and DJI is 0.28 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Global Advantage Portfolio and DJI in the same portfolio, assuming nothing else is changed.
Global |
Moving together with Global Mutual Fund
| 0.67 | TEMUX | Emerging Markets Equity | PairCorr |
| 0.78 | MLMAX | Global E Portfolio | PairCorr |
| 0.72 | MLNSX | Global Centrated Por | PairCorr |
| 0.78 | MLMSX | Global E Portfolio | PairCorr |
| 0.66 | MMKBX | Emerging Markets Por | PairCorr |
| 0.77 | MNOPX | International Opportunity | PairCorr |
| 0.83 | MPAIX | Advantage Portfolio Class | PairCorr |
| 0.9 | MPEGX | Mid Cap Growth | PairCorr |
| 0.77 | MRNPX | Msif International | PairCorr |
| 0.98 | MACGX | Mid Cap Growth | PairCorr |
| 0.92 | MAPPX | Advantage Portfolio Class | PairCorr |
| 0.8 | MSCOX | Msif Small Pany | PairCorr |
| 0.92 | MAPLX | Advantage Portfolio Class | PairCorr |
| 0.64 | MSEEX | Morgan Stanley European | PairCorr |
| 0.99 | MSEGX | Growth Portfolio Class | PairCorr |
| 0.89 | MSEQX | Growth Portfolio Class | PairCorr |
| 0.98 | MSKLX | Mid Cap Growth | PairCorr |
| 0.77 | MSOCX | International Opportunity | PairCorr |
| 1.0 | MSPTX | Global Advantage Por | PairCorr |
| 0.81 | MSSGX | Small Pany Growth | PairCorr |
| 0.8 | MSSMX | Small Pany Growth | PairCorr |
Related Correlations Analysis
| 0.88 | 0.45 | 0.88 | 0.99 | CPODX | ||
| 0.88 | 0.58 | 1.0 | 0.89 | MIGPX | ||
| 0.45 | 0.58 | 0.59 | 0.44 | MGGIX | ||
| 0.88 | 1.0 | 0.59 | 0.88 | MSPTX | ||
| 0.99 | 0.89 | 0.44 | 0.88 | MSEQX | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between Global Mutual Fund performing well and Global Advantage 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 Advantage'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| CPODX | 1.46 | (0.02) | 0.03 | 0.02 | 1.98 | 3.00 | 9.56 | |||
| MIGPX | 1.48 | (0.01) | 0.00 | (0.07) | 0.00 | 3.11 | 9.41 | |||
| MGGIX | 0.91 | (0.05) | 0.00 | (0.13) | 0.00 | 1.61 | 9.00 | |||
| MSPTX | 1.47 | (0.01) | 0.00 | (0.08) | 0.00 | 3.13 | 9.35 | |||
| MSEQX | 1.39 | 0.00 | 0.04 | (0.06) | 1.91 | 2.89 | 9.20 |