Us Global Correlations

Mutual Funds USA . 
Fund . Us Global Leaders
USLIX Fund  USD 70.85  0.05  0.07%   
The current 90-days correlation between Us Global Leaders and Short Term Government Fund is 0.04 (i.e., Significant diversification). The correlation of Us Global 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.

Us Global Correlation With Market

Good diversification

The correlation between Us Global Leaders and DJI is -0.08 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Us Global Leaders 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 Us Global Leaders. 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 gross domestic product.

Moving together with USLIX Mutual Fund

  0.92FRBAX Regional BankPairCorr
  0.92FRBCX Regional BankPairCorr
  0.75JQLBX Multimanager LifestylePairCorr
  0.87JQLAX Multimanager LifestylePairCorr
  0.84JQLGX Multimanager LifestylePairCorr
  0.92JRBFX Regional BankPairCorr
  0.86JRETX J Hancock IiPairCorr
  0.92JRGRX Regional BankPairCorr
  0.8JRLQX Retirement Living ThroughPairCorr
  0.8JRLUX Multi Index 2045PairCorr
  0.91JRLWX Retirement Living ThroughPairCorr
  0.89JRLVX Retirement Living ThroughPairCorr
  0.82JRLZX Retirement Living ThroughPairCorr
  0.86JROUX J Hancock IiPairCorr
  0.82JRODX J Hancock IiPairCorr
  0.81JAAFX Jhancock Multi IndexPairCorr
  0.81JAAJX Jhancock Multi IndexPairCorr
  0.81JAAKX Jhancock Multi IndexPairCorr
  0.63JAAPX Alternative AssetPairCorr
  0.85JAAVX Jhancock MultimanagerPairCorr
  0.76JRTKX Retirement Living ThroughPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between USLIX Mutual Fund performing well and Us Global 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 Us Global'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.

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