Investec Global Correlations

ZGFAX Fund

USD 17.98 0.10 0.55%

The current 90-days correlation between Investec Global Franchise and Voya High Yield is 0.4 (i.e., Very weak diversification). The correlation of Investec 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.

Investec Global Correlation With Market

Good diversification

The correlation between Investec Global Franchise and DJI is -0.05 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Investec Global Franchise and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Investec Global Franchise. 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 nation.

Moving together with Investec Mutual Fund

0.9	ZGFIX	Investec Global Franchise	Pair Corr
0.81	FNFPX	American Funds New	Pair Corr
0.81	FFPNX	American Funds New	Pair Corr
0.74	NPFCX	New Perspective	Pair Corr
0.75	ANWPX	New Perspective	Pair Corr
0.75	NPFFX	New Perspective	Pair Corr
0.75	CNPAX	New Perspective	Pair Corr
0.74	CNPEX	New Perspective	Pair Corr
0.75	CNPFX	New Perspective	Pair Corr
0.8	CNPCX	New Perspective	Pair Corr
0.74	RNPAX	New Perspective	Pair Corr
0.81	MDCPX	Blackrock Bal Cap	Pair Corr
0.78	DFMAX	Davidson Multi Cap	Pair Corr
0.62	NEXTX	Shelton Green Alpha	Pair Corr
0.77	VIGIX	Vanguard Growth Index	Pair Corr
0.65	ADX	Adams Diversified Equity	Pair Corr
0.7	VWNEX	Vanguard Windsor	Pair Corr
0.8	VIGAX	Vanguard Growth Index	Pair Corr
0.66	WAMIX	Wstcm Credit Select	Pair Corr
0.83	GAB	Gabelli Equity Trust	Pair Corr
0.88	TRFHX	T Rowe Price	Pair Corr
0.86	JILGX	Multimanager Lifestyle	Pair Corr

Moving against Investec Mutual Fund

0.33

NHS

Neuberger Berman High

Pair Corr

Related Correlations Analysis

	IMYCX	MRHYX	PHDTX	PGHCX	BUFHX	RIMOX	PXHAX
IMYCX		0.72	0.84	0.9	0.7	0.61	0.92	IMYCX
MRHYX	0.72		0.89	0.89	0.9	0.63	0.7	MRHYX
PHDTX	0.84	0.89		0.93	0.93	0.79	0.77	PHDTX
PGHCX	0.9	0.89	0.93		0.88	0.72	0.83	PGHCX
BUFHX	0.7	0.9	0.93	0.88		0.83	0.62	BUFHX
RIMOX	0.61	0.63	0.79	0.72	0.83		0.4	RIMOX
PXHAX	0.92	0.7	0.77	0.83	0.62	0.4		PXHAX
	IMYCX	MRHYX	PHDTX	PGHCX	BUFHX	RIMOX	PXHAX

Click cells to compare fundamentals

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Risk-Adjusted Indicators

There is a big difference between Investec Mutual Fund performing well and Investec 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 Investec 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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
IMYCX	0.11	0.01	(0.33)	(1.63)	(0.18)	0.29	(0.29)	0.86
MRHYX	0.11	0.01	(0.32)	3.28	(0.14)	0.24	(0.12)	0.82
PHDTX	0.09	0.02	(0.34)	1.51	(0.14)	0.22	(0.11)	0.56
PGHCX	0.11	0.01	(0.22)	1.35	(0.33)	0.27	(0.26)	0.79
BUFHX	0.09	0.02	(0.30)	3.51	(0.13)	0.19	(0.09)	0.83
RIMOX	0.05	0.01	(0.50)	1.20	(0.07)	0.15	(0.10)	0.56
PXHAX	0.10	0.00	(0.39)	0.08	(0.20)	0.17	(0.16)	0.82

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