Foreign Value Correlations

Mutual Funds . USA . 
Fund . Foreign Value Fund
VCFVX Fund  USD 10.85  0.06  0.55%   
The current 90-days correlation between Foreign Value and Vanguard Financials Index is 0.56 (i.e., Very weak diversification). The correlation of Foreign Value 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.

Foreign Value Correlation With Market

Very weak diversification

The correlation between Foreign Value Fund and DJI is 0.49 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Foreign Value Fund 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 Foreign Value Fund. 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 Foreign Mutual Fund

  0.76VCBDX Valic Company IPairCorr
  0.74VCGEX Emerging EconomiesPairCorr
  0.75VCGSX Government SecuritiesPairCorr
  0.92VCIEX International EquitiesPairCorr
  0.73VCIFX International GovernmentPairCorr
  0.91VCINX International GrowthPairCorr
  0.84VCTPX Inflation ProtectedPairCorr
  0.92VCSOX Global Social AwarenessPairCorr
  0.86VGCLX Valic Company IPairCorr
  0.8VGLSX Global StrategyPairCorr
  0.76VGREX Global Real EstatePairCorr
  0.92VHYLX Valic Company IPairCorr
  0.86VIOPX Valic Company IPairCorr
  0.7VLSMX Valic Company IPairCorr
  0.85DOXFX Dodge Cox InternationalPairCorr
  0.82OANIX Oakmark InternationalPairCorr
  0.85DODFX Dodge International StockPairCorr
  0.82OAKIX Oakmark InternationalPairCorr

Related Correlations Analysis

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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   
SBFAX
+ 0.99
VFAIX
GCFSX
+ 0.9
PGFMX
SBFAX
+ 0.85
PGFMX
PGFMX
+ 0.83
VFAIX
XFINX
+ 0.74
SBFAX
XFINX
+ 0.7
VFAIX
  
High negative correlations   
GCFSX
- 0.05
MSVIX

Risk-Adjusted Indicators

There is a big difference between Foreign Mutual Fund performing well and Foreign Value 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 Foreign Value'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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