Global Managed Correlations

UGMVX Fund

USD 10.92 0.05 0.46%

The current 90-days correlation between Global Managed Volatility and Short Oil Gas is -0.38 (i.e., Very good diversification). The correlation of Global Managed 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 Managed Correlation With Market

Modest diversification

The correlation between Global Managed Volatility and DJI is 0.21 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Global Managed Volatility 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 Global Managed Volatility. 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 real.

Moving together with Global Mutual Fund

0.78	UINCX	Income Fund Income	Pair Corr
0.91	SRVEX	Victory Diversified Stock	Pair Corr
0.69	UITBX	Intermediate Term Bond	Pair Corr
0.65	UITCX	Usaa Intermediate Term	Pair Corr
0.71	UITIX	Usaa Tax Exempt	Pair Corr
0.68	GUTEX	Victory Tax Exempt	Pair Corr
0.8	SSGSX	Victory Sycamore Small	Pair Corr
0.98	SBALX	Victory Strategic	Pair Corr
0.92	SSVSX	Victory Special Value	Pair Corr
0.68	SBFCX	Victory Incore Investment	Pair Corr
0.68	SBFMX	Victory Portfolios	Pair Corr
0.85	MMECX	Victory Integrity	Pair Corr
0.74	MMEAX	Victory Integrity	Pair Corr
0.79	RPPRX	Victory Rs Partners	Pair Corr
0.91	MMIJX	Victory Integrity Mid	Pair Corr
0.74	MMMMX	Victory Integrity	Pair Corr
0.89	MMMSX	Victory Integrity	Pair Corr
0.71	ULTIX	Usaa Tax Exempt	Pair Corr
0.9	MNNAX	Victory Munder Multi	Pair Corr
0.8	IPFIX	Victory Incore	Pair Corr
0.83	RSGGX	Victory Rs Global	Pair Corr
0.89	RSINX	Victory Rs Investors	Pair Corr
0.77	RSIGX	Victory Rs International	Pair Corr
0.89	RSIYX	Victory Rs Investors	Pair Corr
0.8	RSPFX	Victory Rs Partners	Pair Corr
0.81	RSNRX	Victory Global Natural	Pair Corr

Related Correlations Analysis

	SNPIX	SMAPX	BACCX	AIWEX	TMCLX	VENAX	PNRCX	HNRGX
SNPIX		-0.43	-0.95	-0.58	-0.35	-0.97	-0.84	-0.79	SNPIX
SMAPX	-0.43		0.21	0.96	0.99	0.54	0.06	0.82	SMAPX
BACCX	-0.95	0.21		0.39	0.12	0.92	0.93	0.63	BACCX
AIWEX	-0.58	0.96	0.39		0.94	0.68	0.26	0.86	AIWEX
TMCLX	-0.35	0.99	0.12	0.94		0.47	-0.04	0.77	TMCLX
VENAX	-0.97	0.54	0.92	0.68	0.47		0.8	0.86	VENAX
PNRCX	-0.84	0.06	0.93	0.26	-0.04	0.8		0.49	PNRCX
HNRGX	-0.79	0.82	0.63	0.86	0.77	0.86	0.49		HNRGX
	SNPIX	SMAPX	BACCX	AIWEX	TMCLX	VENAX	PNRCX	HNRGX

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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

TMCLX	+ 0.99	SMAPX
AIWEX	+ 0.96	SMAPX
TMCLX	+ 0.94	AIWEX
PNRCX	+ 0.93	BACCX
VENAX	+ 0.92	BACCX
HNRGX	+ 0.86	AIWEX

High negative correlations

VENAX	- 0.97	SNPIX
BACCX	- 0.95	SNPIX
PNRCX	- 0.84	SNPIX
HNRGX	- 0.79	SNPIX
AIWEX	- 0.58	SNPIX
SMAPX	- 0.43	SNPIX

Risk-Adjusted Indicators

There is a big difference between Global Mutual Fund performing well and Global Managed 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 Managed'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
SNPIX	0.87	(0.01)	0.00	0.08	0.00	0.00	2.34	(1.70)	7.90
SMAPX	0.81	0.14	0.11	0.57	0.98	(0.87)	1.84	(1.83)	5.52
BACCX	0.77	(0.05)	0.00	(0.26)	0.00	0.00	1.30	(1.89)	4.34
AIWEX	0.90	0.13	0.10	0.44	0.96	(1.03)	1.97	(1.67)	7.37
TMCLX	0.82	0.16	0.13	0.72	0.95	(0.90)	1.81	(1.92)	5.58
VENAX	0.87	(0.02)	0.00	(0.09)	0.00	0.00	1.39	(2.32)	7.68
PNRCX	0.86	(0.08)	0.00	(0.34)	0.00	0.00	1.53	(1.85)	5.65
HNRGX	0.88	0.04	0.02	0.20	1.19	(0.90)	1.75	(2.32)	7.41

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