Global Diversified Correlations

PGDIX Fund  USD 11.87  0.01  0.08%   
The current 90-days correlation between Global Diversified Income and Us Government Securities is 0.83 (i.e., Very poor diversification). The correlation of Global Diversified 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 Diversified Correlation With Market

Modest diversification

The correlation between Global Diversified Income 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 Diversified Income and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Global Diversified Income. 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

  0.94PFIEX International EquityPairCorr
  0.97PGBAX Global Diversified IncomePairCorr
  0.65PHJTX Principal Lifetime HybridPairCorr
  0.84SCUPX Strategic Asset ManaPairCorr
  0.66PHTTX Principal Lifetime HybridPairCorr
  0.94PIIQX International EquityPairCorr
  0.74PALTX Principal LifetimePairCorr
  0.63LTAPX Principal Lifetime 2015PairCorr
  0.62LTINX Principal Lifetime 2015PairCorr
  0.97PONAX Pimco IncomePairCorr
  0.97PONCX Pimco IncomePairCorr
  0.97PIPNX Pimco IncomePairCorr
  0.97PONRX Pimco IncomePairCorr
  0.97PONPX Pimco Incme FundPairCorr
  0.97PIINX Pimco IncomePairCorr
  0.97PIMIX Pimco IncomePairCorr
  0.78LBNDX Lord Abbett BondPairCorr
  0.78FSTAX Fidelity Advisor StrPairCorr
  0.81FSRIX Fidelity Advisor StrPairCorr
  0.9BRUFX Bruce Fund BrucePairCorr
  0.8KF Korea ClosedPairCorr

Moving against Global Mutual Fund

  0.57PSIJX Smallcap GrowthPairCorr
  0.6SPGSX State Street PremierPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Global Mutual Fund performing well and Global Diversified 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 Diversified'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.