Global Real Correlations

Mutual Funds . USA . 
Fund . Global Real Estate
VGREX Fund  USD 6.57  0.07  1.05%   
The current 90-days correlation between Global Real Estate and Deutsche Health And is 0.68 (i.e., Poor diversification). The correlation of Global Real 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 Real Correlation With Market

Very weak diversification

The correlation between Global Real Estate and DJI is 0.54 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Global Real Estate 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 Real Estate. 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 income.

Moving together with Global Mutual Fund

  0.62VBCVX Broad Cap ValuePairCorr
  0.76VCFVX Foreign ValuePairCorr
  0.61VCIEX International EquitiesPairCorr
  0.75VCIGX Valic Company IPairCorr
  0.78VCINX International GrowthPairCorr
  0.64VCSOX Global Social AwarenessPairCorr
  0.64VDAFX Dynamic AllocationPairCorr
  0.92VGCLX Valic Company IPairCorr
  0.85VGLSX Global StrategyPairCorr
  0.79VHYLX Valic Company IPairCorr
  0.64VIOPX Valic Company IPairCorr
  0.74VLAGX Valic Company IPairCorr
  0.88VLSMX Valic Company IPairCorr
  0.9DFGEX Dfa Global RealPairCorr
  0.75VGRNX Vanguard Global ExPairCorr
  0.68DFITX Dfa International RealPairCorr
  0.75VGRLX Vanguard Global ExPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Global Mutual Fund performing well and Global Real 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 Real'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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