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.
  
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Global Advantage Portfolio. 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 gross domestic product.

Moving together with Global Mutual Fund

  0.67TEMUX Emerging Markets EquityPairCorr
  0.78MLMAX Global E PortfolioPairCorr
  0.72MLNSX Global Centrated PorPairCorr
  0.78MLMSX Global E PortfolioPairCorr
  0.66MMKBX Emerging Markets PorPairCorr
  0.77MNOPX International OpportunityPairCorr
  0.83MPAIX Advantage Portfolio ClassPairCorr
  0.9MPEGX Mid Cap GrowthPairCorr
  0.77MRNPX Msif InternationalPairCorr
  0.98MACGX Mid Cap GrowthPairCorr
  0.92MAPPX Advantage Portfolio ClassPairCorr
  0.8MSCOX Msif Small PanyPairCorr
  0.92MAPLX Advantage Portfolio ClassPairCorr
  0.64MSEEX Morgan Stanley EuropeanPairCorr
  0.99MSEGX Growth Portfolio ClassPairCorr
  0.89MSEQX Growth Portfolio ClassPairCorr
  0.98MSKLX Mid Cap GrowthPairCorr
  0.77MSOCX International OpportunityPairCorr
  1.0MSPTX Global Advantage PorPairCorr
  0.81MSSGX Small Pany GrowthPairCorr
  0.8MSSMX Small Pany GrowthPairCorr

Related Correlations Analysis

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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.