Global Multi-strategy Correlations

Mutual Funds . USA . 
Fund . Global Multi Strategy Fund
PGLSX Fund  USD 11.24  0.03  0.27%   
The current 90-days correlation between Global Multi Strategy and Stringer Growth Fund is 0.82 (i.e., Very poor diversification). The correlation of Global Multi-strategy 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 Multi-strategy Correlation With Market

Poor diversification

The correlation between Global Multi Strategy Fund and DJI is 0.62 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Global Multi Strategy Fund 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 Multi Strategy Fund. 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 state.

Moving together with GLOBAL Mutual Fund

  0.77SABPX Strategic Asset ManaPairCorr
  0.74SACAX Strategic Asset ManaPairCorr
  0.73SAGPX Strategic Asset ManaPairCorr
  0.78PFIJX Strategic Asset ManaPairCorr
  0.77PFIFX Strategic Asset ManaPairCorr
  0.8PFIPX Strategic Asset ManaPairCorr
  0.87SAIPX Strategic Asset ManaPairCorr
  0.81PFLJX Principal Lifetime 2050PairCorr
  0.68SAUPX Strategic Asset ManaPairCorr
  0.81PGDRX Diversified Real AssetPairCorr
  0.71PGRUX Global Real EstatePairCorr
  0.7PGRKX Global Real EstatePairCorr
  0.75SCBPX Strategic Asset ManaPairCorr
  0.88SCIPX Strategic Asset ManaPairCorr
  0.69SCGPX Strategic Asset ManaPairCorr
  0.87PHJEX Principal Lifetime HybridPairCorr
  0.85PHJFX Principal Lifetime HybridPairCorr
  0.83PHJGX Principal Lifetime HybridPairCorr
  0.83PHJBX Principal Lifetime HybridPairCorr
  0.83PHJDX Principal Lifetime HybridPairCorr
  0.91PHJNX Principal Lifetime HybridPairCorr
  0.78PHJQX Principal Lifetime HybridPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between GLOBAL Mutual Fund performing well and Global Multi-strategy 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 Multi-strategy'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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