International Strategic Correlations

STEZX Fund

USD 12.68 0.05 0.39%

The current 90-days correlation between International Strategic and Ab Global E is 0.68 (i.e., Poor 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

Weak diversification

The correlation between International Strategic Equiti and DJI is 0.38 (i.e., Weak 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 nation.

Moving together with International Mutual Fund

0.87	GCEAX	Ab Global E	Pair Corr
0.89	GCECX	Ab Global E	Pair Corr
0.86	GCEYX	Ab Global E	Pair Corr
0.81	AMTAX	Ab All Market	Pair Corr
0.82	AMTZX	Ab All Market	Pair Corr
0.81	AMTYX	Ab All Market	Pair Corr
0.82	AMTOX	Ab All Market	Pair Corr
0.64	ANAYX	Ab Global Bond	Pair Corr
0.65	ANAGX	Ab Global Bond	Pair Corr
0.64	ANAIX	Ab Global Bond	Pair Corr
0.64	ANACX	Ab Global Bond	Pair Corr
0.82	ANBIX	Ab Bond Inflation	Pair Corr
0.92	STEYX	International Strategic	Pair Corr
1.0	STESX	International Strategic	Pair Corr
0.75	STHAX	Ab Sustainable Thematic	Pair Corr
0.74	STHYX	Ab Sustainable Thematic	Pair Corr

Moving against International Mutual Fund

0.36	CHCIX	Ab Discovery Growth	Pair Corr
0.36	CHCYX	Ab Discovery Growth	Pair Corr
0.36	CHCZX	Ab Discovery Growth	Pair Corr
0.35	CHCLX	Ab Discovery Growth	Pair Corr
0.35	CHCCX	Ab Discovery Growth	Pair Corr

Related Correlations Analysis

	GCEAX	GCECX	GCEYX	AMNCX	AMNAX	AMTAX	AMTZX	AMTYX	AMTOX	ANAZX
GCEAX		1.0	1.0	0.57	0.58	0.83	0.83	0.83	0.84	0.5	GCEAX
GCECX	1.0		0.99	0.58	0.58	0.82	0.83	0.82	0.83	0.52	GCECX
GCEYX	1.0	0.99		0.56	0.57	0.84	0.85	0.84	0.85	0.48	GCEYX
AMNCX	0.57	0.58	0.56		1.0	0.51	0.48	0.5	0.5	0.91	AMNCX
AMNAX	0.58	0.58	0.57	1.0		0.51	0.48	0.5	0.49	0.91	AMNAX
AMTAX	0.83	0.82	0.84	0.51	0.51		0.93	1.0	0.93	0.38	AMTAX
AMTZX	0.83	0.83	0.85	0.48	0.48	0.93		0.94	1.0	0.35	AMTZX
AMTYX	0.83	0.82	0.84	0.5	0.5	1.0	0.94		0.94	0.36	AMTYX
AMTOX	0.84	0.83	0.85	0.5	0.49	0.93	1.0	0.94		0.37	AMTOX
ANAZX	0.5	0.52	0.48	0.91	0.91	0.38	0.35	0.36	0.37		ANAZX
	GCEAX	GCECX	GCEYX	AMNCX	AMNAX	AMTAX	AMTZX	AMTYX	AMTOX	ANAZX

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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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
GCEAX	0.56	(0.11)	(0.14)	0.79	(1.24)	4.70
GCECX	0.55	(0.10)	(0.14)	0.82	(1.22)	4.69
GCEYX	0.56	(0.11)	(0.16)	0.79	(1.24)	5.18
AMNCX	0.16	(0.04)	1.77	0.31	(0.41)	1.15
AMNAX	0.16	(0.04)	2.04	0.31	(0.42)	1.15
AMTAX	0.48	(0.10)	(0.96)	0.95	(1.05)	3.47
AMTZX	0.48	(0.12)	(0.31)	0.97	(1.06)	3.42
AMTYX	0.48	(0.11)	(0.91)	0.85	(1.05)	3.48
AMTOX	0.49	(0.11)	(0.32)	0.98	(1.08)	3.45
ANAZX	0.20	(0.04)	(0.99)	0.29	(0.44)	1.16

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