International Strategic Correlations

STEYX Fund

USD 13.68 0.20 1.44%

The current 90-days correlation between International Strategic and Transamerica International Equity is -0.08 (i.e., Good diversification). The correlation of International Strategic 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.

International Strategic Correlation With Market

Poor diversification

The correlation between International Strategic Equiti and DJI is 0.64 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding International Strategic Equiti and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in International Strategic Equities. 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 manufacturing.

Moving together with International Mutual Fund

0.78	GCEAX	Ab Global E	Pair Corr
0.76	GCECX	Ab Global E	Pair Corr
0.78	GCEYX	Ab Global E	Pair Corr
0.82	AMTAX	Ab All Market	Pair Corr
0.82	AMTZX	Ab All Market	Pair Corr
0.84	AMTYX	Ab All Market	Pair Corr
0.83	AMTOX	Ab All Market	Pair Corr
0.8	ANAZX	Ab Global Bond	Pair Corr
0.78	ANAYX	Ab Global Bond	Pair Corr
0.8	ANAGX	Ab Global Bond	Pair Corr
0.77	ANAIX	Ab Global Bond	Pair Corr
0.75	ANACX	Ab Global Bond	Pair Corr
0.91	ANBIX	Ab Bond Inflation	Pair Corr
0.63	ANIYX	New York Municipal	Pair Corr
1.0	STEZX	International Strategic	Pair Corr
1.0	STESX	International Strategic	Pair Corr
0.85	STHAX	Ab Sustainable Thematic	Pair Corr
0.85	STHYX	Ab Sustainable Thematic	Pair Corr
0.74	APAAX	Ab Pennsylvania Portfolio	Pair Corr
0.66	APACX	Ab Pennsylvania Portfolio	Pair Corr

Moving against International Mutual Fund

0.59	SCAVX	Ab Small Cap	Pair Corr
0.59	SCCVX	Ab Small Cap	Pair Corr
0.53	SCRSX	Small Cap Core	Pair Corr
0.52	SCRYX	Small Cap Core	Pair Corr
0.58	SCYVX	Ab Small Cap	Pair Corr
0.58	SUTAX	Ab Sustainable Thematic	Pair Corr
0.58	SUTCX	Ab Sustainable Thematic	Pair Corr
0.57	SUTZX	Ab Sustainable Thematic	Pair Corr
0.56	CHCLX	Ab Discovery Growth	Pair Corr
0.56	CHCIX	Ab Discovery Growth	Pair Corr

Related Correlations Analysis

	TRWIX	LOGRX	GMADX	PEIRX	RBCIX	OWFIX	MSTFX
TRWIX		-0.17	0.75	0.81	0.96	0.93	0.99	TRWIX
LOGRX	-0.17		0.06	-0.32	-0.1	-0.18	-0.18	LOGRX
GMADX	0.75	0.06		0.65	0.69	0.63	0.77	GMADX
PEIRX	0.81	-0.32	0.65		0.81	0.72	0.84	PEIRX
RBCIX	0.96	-0.1	0.69	0.81		0.91	0.96	RBCIX
OWFIX	0.93	-0.18	0.63	0.72	0.91		0.91	OWFIX
MSTFX	0.99	-0.18	0.77	0.84	0.96	0.91		MSTFX
	TRWIX	LOGRX	GMADX	PEIRX	RBCIX	OWFIX	MSTFX

Click cells to compare fundamentals

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

MSTFX	+ 0.99	TRWIX
RBCIX	+ 0.96	TRWIX
MSTFX	+ 0.96	RBCIX
OWFIX	+ 0.93	TRWIX
OWFIX	+ 0.91	RBCIX
MSTFX	+ 0.91	OWFIX

High negative correlations

PEIRX	- 0.32	LOGRX
MSTFX	- 0.18	LOGRX
OWFIX	- 0.18	LOGRX
LOGRX	- 0.17	TRWIX
RBCIX	- 0.1	LOGRX

Risk-Adjusted Indicators

There is a big difference between International Mutual Fund performing well and International Strategic 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 International Strategic'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
TRWIX	0.69	0.16	0.20	(0.85)	0.78	(0.70)	1.99	(1.73)	5.45
LOGRX	0.06	0.00	0.00	0.07	0.00	0.00	0.16	0.00	1.75
GMADX	0.70	0.10	0.09	0.09	1.19	(0.73)	1.26	(1.19)	11.02
PEIRX	0.78	(0.04)	0.00	0.32	0.00	0.00	1.57	(1.58)	9.14
RBCIX	1.29	0.26	0.19	1.96	1.27	(1.50)	2.72	(2.64)	7.76
OWFIX	0.17	0.03	0.35	(7.59)	0.00	(0.23)	0.40	(0.30)	1.01
MSTFX	0.64	0.09	0.18	(0.54)	0.68	(0.70)	1.39	(1.41)	4.63

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