Investec Global Correlations
| ZGFIX Fund | USD 18.13 0.04 0.22% |
The current 90-days correlation between Investec Global Franchise and Delaware Limited Term Diversified is 0.24 (i.e., Modest 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
Poor diversification
The correlation between Investec Global Franchise and DJI is 0.65 (i.e., Poor 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.
Investec |
Moving together with Investec Mutual Fund
| 0.8 | ZEMIX | Investec Emerging Markets | PairCorr |
| 0.8 | ZEMAX | Investec Emerging Markets | PairCorr |
| 1.0 | ZGFAX | Investec Global Franchise | PairCorr |
| 0.93 | ZIFIX | Ninety One International | PairCorr |
| 0.79 | VTISX | Vanguard Total Inter | PairCorr |
| 0.79 | VTSNX | Vanguard Total Inter | PairCorr |
| 0.79 | VTPSX | Vanguard Total Inter | PairCorr |
| 0.62 | EBSIX | Campbell Systematic Macro | PairCorr |
| 0.7 | VICSX | Vanguard Intermediate-ter | PairCorr |
| 0.88 | DBIWX | Dws Global Macro | PairCorr |
| 0.66 | ARBOX | Absolute Convertible | PairCorr |
| 0.65 | SAEMX | Sa Emerging Markets | PairCorr |
| 0.82 | HTD | John Hancock Tax | PairCorr |
| 0.65 | BISMX | Brandes International | PairCorr |
| 0.8 | PGLSX | Global Multi Strategy | PairCorr |
| 0.66 | UTF | Cohen And Steers | PairCorr |
| 0.74 | MEERX | Massmutual Premier | PairCorr |
| 0.68 | DLDFX | Destinations Low Duration | PairCorr |
| 0.68 | ABNOX | Ab Bond Inflation | PairCorr |
| 0.87 | RNCIX | Rivernorth E Opportunity | PairCorr |
| 0.73 | GIOIX | Guggenheim Macro Opp | PairCorr |
Related Correlations Analysis
| 0.3 | 0.54 | 0.55 | 0.91 | 0.34 | 0.96 | DLTZX | ||
| 0.3 | 0.89 | 0.6 | 0.53 | 0.99 | 0.32 | MDVSX | ||
| 0.54 | 0.89 | 0.74 | 0.77 | 0.9 | 0.61 | MBLAX | ||
| 0.55 | 0.6 | 0.74 | 0.78 | 0.63 | 0.65 | OIDAX | ||
| 0.91 | 0.53 | 0.77 | 0.78 | 0.57 | 0.96 | DIFIX | ||
| 0.34 | 0.99 | 0.9 | 0.63 | 0.57 | 0.37 | WDIAX | ||
| 0.96 | 0.32 | 0.61 | 0.65 | 0.96 | 0.37 | ACBPX | ||
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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 | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| DLTZX | 0.08 | 0.01 | 0.46 | 0.67 | 0.00 | 0.26 | 0.64 | |||
| MDVSX | 0.65 | 0.04 | 0.00 | (0.02) | 0.00 | 1.34 | 3.79 | |||
| MBLAX | 0.27 | 0.00 | 0.00 | (0.05) | 0.00 | 0.62 | 1.51 | |||
| OIDAX | 0.72 | (0.01) | 0.00 | (0.10) | 0.00 | 1.42 | 5.03 | |||
| DIFIX | 0.28 | 0.02 | 0.16 | 0.01 | 0.35 | 0.58 | 1.51 | |||
| WDIAX | 0.65 | 0.02 | 0.00 | (0.04) | 0.00 | 1.23 | 3.27 | |||
| ACBPX | 0.24 | 0.02 | 0.27 | 0.34 | 0.20 | 0.56 | 1.23 |