World Precious Correlations

UNWPX Fund

USD 1.83 0.02 1.10%

The current 90-days correlation between World Precious Minerals and Gmo Global Equity is -0.12 (i.e., Good diversification). The correlation of World Precious 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.

World Precious Correlation With Market

Modest diversification

The correlation between World Precious Minerals 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 World Precious Minerals 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 World Precious Minerals. 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 american community survey.

Moving together with World Mutual Fund

0.66	NEARX	Near Term Tax	Pair Corr
0.86	USERX	Gold And Precious	Pair Corr
0.96	SGGDX	First Eagle Gold	Pair Corr
0.96	FEGIX	First Eagle Gold	Pair Corr
0.86	FEGOX	First Eagle Gold	Pair Corr
0.97	OPGSX	Oppenheimer Gold Spec	Pair Corr
0.97	OGMCX	Oppenheimer Gold Special	Pair Corr
0.96	FSAGX	Gold Portfolio Gold	Pair Corr
0.96	FIJDX	Gold Portfolio Fidelity	Pair Corr
0.74	GIOIX	Guggenheim Macro Opp	Pair Corr
0.93	EPDPX	Europac International	Pair Corr
0.74	PSDNX	Putnam Ultra Short	Pair Corr
0.69	VSGDX	Vanguard Short Term	Pair Corr
0.66	DLDFX	Destinations Low Duration	Pair Corr
0.68	SAEMX	Sa Emerging Markets	Pair Corr
0.72	EBSIX	Campbell Systematic Macro	Pair Corr
0.79	EMBAX	Unconstrained Emerging	Pair Corr
0.86	GF	New Germany Closed	Pair Corr
0.64	EBSFX	Eubel Brady Suttman	Pair Corr

Moving against World Mutual Fund

0.58	WRHIX	Ivy High Income	Pair Corr
0.53	WHIAX	Ivy High Income	Pair Corr
0.5	WHIYX	Ivy High Income	Pair Corr
0.45	IVHIX	Ivy High Income	Pair Corr
0.43	IHIFX	Ivy High Income	Pair Corr

Related Correlations Analysis

	GMADX	BXFIX	DHGCX	TBCUX	LFLCX	DBLGX	GWOAX
GMADX		0.17	0.56	0.48	0.57	0.55	0.65	GMADX
BXFIX	0.17		0.59	0.45	0.7	0.5	0.67	BXFIX
DHGCX	0.56	0.59		0.65	0.87	0.81	0.69	DHGCX
TBCUX	0.48	0.45	0.65		0.89	0.93	0.7	TBCUX
LFLCX	0.57	0.7	0.87	0.89		0.92	0.86	LFLCX
DBLGX	0.55	0.5	0.81	0.93	0.92		0.69	DBLGX
GWOAX	0.65	0.67	0.69	0.7	0.86	0.69		GWOAX
	GMADX	BXFIX	DHGCX	TBCUX	LFLCX	DBLGX	GWOAX

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Risk-Adjusted Indicators

There is a big difference between World Mutual Fund performing well and World Precious 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 World Precious' 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
GMADX	0.75	0.06	0.04	(0.30)	1.25	(0.78)	1.71	(1.63)	11.02
BXFIX	0.08	(0.01)	(0.06)	0.24	0.06	(0.28)	0.23	(0.12)	0.93
DHGCX	0.18	(0.01)	0.00	0.54	0.00	0.00	0.36	(0.36)	1.46
TBCUX	0.60	0.11	0.14	(0.67)	0.56	(0.68)	1.49	(1.14)	4.33
LFLCX	0.18	0.01	0.03	(0.37)	0.14	(0.21)	0.43	(0.33)	0.98
DBLGX	0.22	0.01	0.02	0.19	0.20	(0.30)	0.48	(0.36)	1.21
GWOAX	0.61	0.03	0.03	(0.12)	0.84	(0.61)	1.29	(1.14)	3.92

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