Global Real Correlations

ARYNX Fund

USD 12.64 0.16 1.25%

The current 90-days correlation between Global Real Estate and Avantis Large Cap is 0.18 (i.e., Average 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

Weak diversification

The correlation between Global Real Estate and DJI is 0.37 (i.e., 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 Trending Equities 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 board of governors.

Moving together with Global Mutual Fund

0.71	AMDVX	Mid Cap Value	Pair Corr
0.72	TWADX	Value Fund A	Pair Corr
0.71	AMVYX	Mid Cap Value	Pair Corr
0.72	AMVRX	Mid Cap Value	Pair Corr
0.71	AMVGX	Mid Cap Value	Pair Corr
0.77	TWEAX	Equity Income	Pair Corr
0.81	TWEIX	Equity Income	Pair Corr
0.68	TWGGX	Global Growth	Pair Corr
0.64	TWVLX	Value Fund Investor	Pair Corr

Moving against Global Mutual Fund

0.35	TWCIX	Select Fund Investor	Pair Corr
0.38	TWCUX	Ultra Fund Investor	Pair Corr

Related Correlations Analysis

	ALCEX	DOXGX	VAAGX	MTCGX	SBQAX	DLCIX	LMISX
ALCEX		0.91	0.78	0.79	0.96	0.91	0.91	ALCEX
DOXGX	0.91		0.84	0.67	0.83	0.78	0.81	DOXGX
VAAGX	0.78	0.84		0.51	0.67	0.66	0.69	VAAGX
MTCGX	0.79	0.67	0.51		0.82	0.96	0.92	MTCGX
SBQAX	0.96	0.83	0.67	0.82		0.92	0.92	SBQAX
DLCIX	0.91	0.78	0.66	0.96	0.92		0.98	DLCIX
LMISX	0.91	0.81	0.69	0.92	0.92	0.98		LMISX
	ALCEX	DOXGX	VAAGX	MTCGX	SBQAX	DLCIX	LMISX

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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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
ALCEX	0.59	0.01	(0.01)	0.08	0.73	(0.75)	1.28	(0.87)	5.99
DOXGX	0.59	(0.09)	0.00	(1.45)	0.00	0.00	0.94	(0.93)	4.31
VAAGX	0.53	(0.07)	0.00	(0.07)	0.00	0.00	1.06	(0.92)	5.43
MTCGX	0.80	0.06	0.05	0.09	1.15	(0.76)	1.59	(2.12)	5.97
SBQAX	0.64	0.05	0.03	0.50	0.84	(0.76)	1.41	(1.16)	5.35
DLCIX	0.53	0.04	0.04	0.07	0.78	(0.54)	1.06	(0.97)	5.78
LMISX	0.65	0.03	0.02	0.05	1.10	(0.67)	1.27	(1.49)	6.65

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