International Fund Correlations

USIFX Fund

USD 27.93 0.30 1.06%

The current 90-days correlation between International Fund and Short Term Government Fund is -0.13 (i.e., Good diversification). The correlation of International Fund 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 Fund Correlation With Market

Poor diversification

The correlation between International Fund Internation and DJI is 0.65 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding International Fund Internation 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 Fund International. 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 census.

Moving together with International Mutual Fund

0.89	UITBX	Intermediate Term Bond	Pair Corr
0.64	UITIX	Usaa Tax Exempt	Pair Corr
0.66	IPFIX	Victory Incore	Pair Corr
0.93	RSENX	Victory Sophus Emerging	Pair Corr
0.67	RSFYX	Victory Floating Rate	Pair Corr
0.84	RSIGX	Victory Rs International	Pair Corr
0.94	UPMMX	Precious Metals And Steady Growth	Pair Corr
0.93	REMGX	Victory Sophus Emerging	Pair Corr
1.0	URITX	International Fund	Pair Corr
0.87	URINX	Target Retirement Income	Pair Corr
0.75	USAIX	Income Fund Income	Pair Corr
0.66	USAGX	Precious Metals And Steady Growth	Pair Corr

Moving against International Mutual Fund

0.79	RSEGX	Victory Rs Small	Pair Corr
0.69	VSVIX	Victory Integrity Small	Pair Corr
0.67	RSGRX	Victory Rs Growth	Pair Corr
0.59	RSIFX	Victory Rs Science	Pair Corr
0.58	RSMMX	Victory Rs Small	Pair Corr
0.55	MNNAX	Victory Munder Multi	Pair Corr
0.53	MMECX	Victory Integrity	Pair Corr
0.52	MMEAX	Victory Integrity	Pair Corr
0.5	RSGFX	Victory Rs Select	Pair Corr
0.49	RSDGX	Victory Rs Select	Pair Corr
0.47	RSPFX	Victory Rs Partners	Pair Corr
0.46	RSPYX	Victory Rs Partners	Pair Corr
0.41	RSNRX	Victory Global Natural	Pair Corr
0.41	RSNYX	Victory Global Natural	Pair Corr
0.4	MMMSX	Victory Integrity	Pair Corr
0.35	RSVAX	Victory Rs Value	Pair Corr
0.68	USCAX	Small Cap Stock	Pair Corr
0.64	USAUX	Aggressive Growth	Pair Corr
0.62	USTCX	Science Technology	Pair Corr
0.6	USMIX	Extended Market Index	Pair Corr
0.59	REGWX	Victory Rs Small	Pair Corr
0.58	VDSCX	Victory Diversified Stock	Pair Corr
0.53	USNQX	Nasdaq 100 Index	Pair Corr
0.4	VEVCX	Victory Sycamore Est	Pair Corr
0.38	VETAX	Victory Sycamore Est	Pair Corr

Related Correlations Analysis

	TWACX	GFAXX	GABTX	GANPX	FCSCX	LTXFX	FMUUX
TWACX		0.0	0.38	0.89	0.98	0.78	0.94	TWACX
GFAXX	0.0		0.0	0.0	0.0	0.0	0.0	GFAXX
GABTX	0.38	0.0		0.62	0.4	0.64	0.55	GABTX
GANPX	0.89	0.0	0.62		0.9	0.94	0.97	GANPX
FCSCX	0.98	0.0	0.4	0.9		0.81	0.95	FCSCX
LTXFX	0.78	0.0	0.64	0.94	0.81		0.88	LTXFX
FMUUX	0.94	0.0	0.55	0.97	0.95	0.88		FMUUX
	TWACX	GFAXX	GABTX	GANPX	FCSCX	LTXFX	FMUUX

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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

FCSCX	+ 0.98	TWACX
FMUUX	+ 0.97	GANPX
FMUUX	+ 0.95	FCSCX
FMUUX	+ 0.94	TWACX
LTXFX	+ 0.94	GANPX
FCSCX	+ 0.9	GANPX

High negative correlations

FMUUX	- 0.0	GFAXX
LTXFX	- 0.0	GFAXX
FCSCX	- 0.0	GFAXX
GANPX	- 0.0	GFAXX
GABTX	- 0.0	GFAXX
GFAXX	- 0.0	TWACX

Risk-Adjusted Indicators

There is a big difference between International Mutual Fund performing well and International Fund 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 Fund'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
TWACX	0.09	0.01	0.49	(0.28)	0.00	(0.14)	0.22	(0.11)	0.45
GFAXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
GABTX	0.61	0.02	0.07	4.42	1.02	(0.58)	1.34	(1.63)	4.09
GANPX	0.06	0.00	0.46	(0.24)	0.00	(0.12)	0.10	(0.10)	0.48
FCSCX	0.06	0.01	0.45	0.90	0.00	(0.19)	0.13	(0.13)	0.66
LTXFX	0.10	0.00	0.33	0.05	0.05	(0.14)	0.26	(0.20)	0.65
FMUUX	0.03	0.00	0.00	(0.26)	0.00	0.00	0.10	0.00	0.40

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