International Fixed Correlations
| TIFUX Fund | USD 6.72 0.01 0.15% |
The current 90-days correlation between International Fixed and Hartford Healthcare Hls is 0.06 (i.e., Significant diversification). The correlation of International Fixed 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 Fixed Correlation With Market
Average diversification
The correlation between International Fixed Income and DJI is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding International Fixed Income and DJI in the same portfolio, assuming nothing else is changed.
International |
Moving together with International Mutual Fund
| 0.73 | MLMAX | Global E Portfolio | PairCorr |
| 0.73 | MLMCX | Global E Portfolio | PairCorr |
| 0.71 | MLNSX | Global Centrated Por | PairCorr |
| 0.73 | MLMIX | Global E Portfolio | PairCorr |
| 0.73 | MLMSX | Global E Portfolio | PairCorr |
| 0.71 | MLNCX | Global Centrated Por | PairCorr |
| 0.71 | MLNAX | Global Centrated Por | PairCorr |
| 0.71 | MLNIX | Global Centrated Por | PairCorr |
| 0.68 | MMCGX | Mid Cap Growth | PairCorr |
| 0.69 | MPAIX | Advantage Portfolio Class | PairCorr |
| 0.67 | MPEGX | Mid Cap Growth | PairCorr |
| 0.69 | MADSX | Msif Advantage Port | PairCorr |
| 0.68 | MACGX | Mid Cap Growth | PairCorr |
Related Correlations Analysis
| 0.79 | 0.8 | 0.76 | 0.88 | 0.78 | 0.8 | HIAHX | ||
| 0.79 | 0.34 | 0.94 | 0.94 | 0.37 | 0.54 | ETHSX | ||
| 0.8 | 0.34 | 0.36 | 0.53 | 0.84 | 0.82 | ETAHX | ||
| 0.76 | 0.94 | 0.36 | 0.9 | 0.48 | 0.65 | SCHLX | ||
| 0.88 | 0.94 | 0.53 | 0.9 | 0.51 | 0.64 | BHSRX | ||
| 0.78 | 0.37 | 0.84 | 0.48 | 0.51 | 0.87 | BHCHX | ||
| 0.8 | 0.54 | 0.82 | 0.65 | 0.64 | 0.87 | XHQHX | ||
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Risk-Adjusted Indicators
There is a big difference between International Mutual Fund performing well and International Fixed 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 Fixed'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| HIAHX | 0.70 | 0.01 | 0.00 | (0.09) | 0.00 | 1.39 | 4.43 | |||
| ETHSX | 0.67 | 0.05 | 0.11 | (0.01) | 0.80 | 1.29 | 4.00 | |||
| ETAHX | 1.18 | (0.06) | 0.00 | (0.17) | 0.00 | 1.88 | 6.50 | |||
| SCHLX | 0.68 | (0.03) | 0.00 | 0.18 | 0.00 | 1.25 | 3.70 | |||
| BHSRX | 0.72 | (0.02) | 0.00 | (0.13) | 0.00 | 1.32 | 5.45 | |||
| BHCHX | 0.73 | (0.12) | 0.00 | 0.76 | 0.00 | 1.43 | 5.20 | |||
| XHQHX | 0.86 | (0.07) | 0.00 | 0.20 | 0.00 | 1.68 | 5.93 |