The Gold Correlations

QGLCX Fund

USD 22.72 0.21 0.92%

The current 90-days correlation between Gold Bullion and Franklin Lifesmart Retirement is 0.24 (i.e., Modest diversification). The correlation of The Gold 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.

The Gold Correlation With Market

Good diversification

The correlation between The Gold Bullion and DJI is -0.04 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding The Gold Bullion 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 The Gold Bullion. 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 main economic indicators.

Moving together with The Mutual Fund

0.8	SVARX	Spectrum Low Volatility	Pair Corr
0.61	QBDAX	Quantified Managed Income	Pair Corr
0.65	QBDSX	Quantified Managed Income	Pair Corr
0.91	QEVOX	Quantified Evolution Plus	Pair Corr
0.98	QGLDX	Gold Bullion	Pair Corr
0.75	KAMAX	Kensington Managed Income	Pair Corr
0.69	KAMCX	Kensington Managed Income	Pair Corr
0.73	KAMIX	Kensington Managed Income	Pair Corr
0.92	VTISX	Vanguard Total Inter	Pair Corr
0.92	VTSNX	Vanguard Total Inter	Pair Corr
0.92	VTPSX	Vanguard Total Inter	Pair Corr
0.87	PLCCX	Pimco Low Duration	Pair Corr
0.89	NERIX	Neuberger Berman Emerging	Pair Corr

Moving against The Mutual Fund

0.76	QSTAX	Quantified Stf	Pair Corr
0.75	QSTFX	Quantified Stf	Pair Corr
0.63	QMLAX	Quantified Market Leaders	Pair Corr
0.63	QMLFX	Quantified Market Leaders	Pair Corr
0.56	SAPEX	Spectrum Advisors	Pair Corr
0.56	QTSSX	Quantified Tactical	Pair Corr
0.46	QETCX	Quantified Eckhardt	Pair Corr
0.41	QSPMX	Quantified Pattern	Pair Corr
0.36	QCGDX	Quantified Common Ground	Pair Corr
0.37	VINIX	Vanguard Institutional	Pair Corr
0.33	VTSAX	Vanguard Total Stock	Pair Corr
0.32	VSTSX	Vanguard Total Stock	Pair Corr
0.32	VSMPX	Vanguard Total Stock	Pair Corr
0.32	VITSX	Vanguard Total Stock	Pair Corr

Related Correlations Analysis

	FLMTX	RRPPX	WGBIX	TRBOX	SRJIX	TRBNX
FLMTX		0.93	0.81	0.78	0.91	0.78	FLMTX
RRPPX	0.93		0.68	0.6	0.73	0.6	RRPPX
WGBIX	0.81	0.68		0.93	0.86	0.93	WGBIX
TRBOX	0.78	0.6	0.93		0.86	1.0	TRBOX
SRJIX	0.91	0.73	0.86	0.86		0.87	SRJIX
TRBNX	0.78	0.6	0.93	1.0	0.87		TRBNX
	FLMTX	RRPPX	WGBIX	TRBOX	SRJIX	TRBNX

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Risk-Adjusted Indicators

There is a big difference between The Mutual Fund performing well and The Gold 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 The Gold'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
FLMTX	0.31	0.01	0.00	(0.03)	0.00	0.00	0.57	(0.66)	1.72
RRPPX	0.36	0.05	0.17	0.06	0.45	(0.40)	0.63	(0.69)	2.13
WGBIX	0.43	(0.04)	0.00	0.34	0.00	0.00	0.73	(0.89)	2.48
TRBOX	0.69	(0.06)	0.00	0.28	0.00	0.00	1.25	(1.47)	4.03
SRJIX	0.54	(0.02)	0.00	(0.10)	0.00	0.00	1.00	(1.31)	2.91
TRBNX	0.68	(0.06)	0.00	0.29	0.00	0.00	1.25	(1.47)	4.14

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