Global Strategy Correlations

VGLSX Fund

USD 9.92 0.02 0.20%

The current 90-days correlation between Global Strategy and Federated Municipal Ultrashort is -0.03 (i.e., Good diversification). The correlation of Global Strategy 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 Strategy Correlation With Market

Poor diversification

The correlation between Global Strategy Fund and DJI is 0.7 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Global Strategy 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 Global Strategy 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 state.

Moving together with Global Mutual Fund

0.69	VBCVX	Broad Cap Value	Pair Corr
0.8	VCFVX	Foreign Value	Pair Corr
0.65	VCIEX	International Equities	Pair Corr
0.82	VCIGX	Valic Company I	Pair Corr
0.94	VCINX	International Growth	Pair Corr
0.67	VCSOX	Global Social Awareness	Pair Corr
0.7	VDAFX	Dynamic Allocation	Pair Corr
0.94	VGCLX	Valic Company I	Pair Corr
0.85	VGREX	Global Real Estate	Pair Corr
0.86	VHYLX	Valic Company I	Pair Corr
0.68	VIOPX	Valic Company I	Pair Corr
0.85	VLAGX	Valic Company I	Pair Corr
0.97	VLSMX	Valic Company I	Pair Corr
0.75	RIRAX	Capital Income Builder	Pair Corr
0.76	RIREX	Capital Income Builder	Pair Corr
0.75	RIRCX	Capital Income Builder	Pair Corr
0.76	RIRFX	Capital Income Builder	Pair Corr

Related Correlations Analysis

	FMUUX	PRVBX	JAFLX	CBOEX	ANBIX	ARTFX	LTXFX	ABNCX
FMUUX		0.94	0.88	0.92	0.96	0.89	0.94	0.95	FMUUX
PRVBX	0.94		0.95	0.97	0.97	0.85	0.92	0.97	PRVBX
JAFLX	0.88	0.95		0.97	0.97	0.75	0.91	0.97	JAFLX
CBOEX	0.92	0.97	0.97		0.97	0.76	0.9	0.97	CBOEX
ANBIX	0.96	0.97	0.97	0.97		0.84	0.92	1.0	ANBIX
ARTFX	0.89	0.85	0.75	0.76	0.84		0.91	0.84	ARTFX
LTXFX	0.94	0.92	0.91	0.9	0.92	0.91		0.92	LTXFX
ABNCX	0.95	0.97	0.97	0.97	1.0	0.84	0.92		ABNCX
	FMUUX	PRVBX	JAFLX	CBOEX	ANBIX	ARTFX	LTXFX	ABNCX

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Risk-Adjusted Indicators

There is a big difference between Global Mutual Fund performing well and Global Strategy 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 Strategy'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
FMUUX	0.03	0.00	0.00	(0.26)	0.00	0.00	0.10	0.00	0.40
PRVBX	0.10	0.01	0.68	0.24	0.00	(0.13)	0.23	(0.17)	0.53
JAFLX	0.24	0.02	0.28	0.42	0.20	(0.30)	0.61	(0.41)	1.44
CBOEX	0.17	0.02	0.39	0.64	0.07	(0.21)	0.33	(0.24)	0.98
ANBIX	0.16	0.03	0.41	1.08	0.00	(0.21)	0.38	(0.38)	0.98
ARTFX	0.13	0.01	0.34	0.02	0.09	(0.20)	0.44	(0.22)	0.89
LTXFX	0.10	0.00	0.32	(0.10)	0.11	(0.14)	0.26	(0.20)	0.65
ABNCX	0.16	0.02	0.44	0.96	0.00	(0.20)	0.30	(0.30)	0.90

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Global Strategy Correlations

Global Strategy Correlation With Market

Poor diversification

Moving together with Global Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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