International Growth Correlations

CGIEX Fund

USD 36.37 0.78 2.10%

The current 90-days correlation between International Growth And and Income Fund Of is 0.36 (i.e., Weak diversification). The correlation of International Growth 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.

International Growth Correlation With Market

Modest diversification

The correlation between International Growth And and DJI is 0.28 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding International Growth And 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 International Growth And. 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 International Mutual Fund

0.86	RNEBX	New World Fund	Pair Corr
0.65	FPPPX	American Funds Prese	Pair Corr
0.7	AMUSX	Us Government Securities	Pair Corr
0.85	RNWFX	New World Fund	Pair Corr

Moving against International Mutual Fund

0.47	RNGGX	New Economy Fund	Pair Corr
0.46	RNGHX	New Economy Fund	Pair Corr
0.46	RNNEX	New Economy Fund	Pair Corr
0.46	AMPFX	Amcap Fund Class	Pair Corr
0.45	RNGAX	New Economy Fund	Pair Corr
0.44	AMPCX	Amcap Fund Class	Pair Corr
0.35	RNGFX	New Economy Fund	Pair Corr
0.35	RNGEX	New Economy Fund	Pair Corr
0.34	RNGCX	New Economy Fund	Pair Corr
0.32	RNGBX	New Economy Fund	Pair Corr
0.53	ANCFX	American Funds Funda	Pair Corr
0.35	ANFFX	New Economy Fund	Pair Corr
0.31	ANFCX	New Economy Fund	Pair Corr

Related Correlations Analysis

	AMECX	RNEBX	AMFCX	AMFFX	RNCCX	FPPPX	AMEFX	RNGGX	RNGFX	RNGHX
AMECX		0.02	0.56	0.55	0.48	-0.08	1.0	0.11	0.43	0.11	AMECX
RNEBX	0.02		-0.09	-0.12	0.26	0.45	0.01	-0.21	-0.21	-0.21	RNEBX
AMFCX	0.56	-0.09		1.0	0.55	-0.28	0.57	0.67	0.61	0.67	AMFCX
AMFFX	0.55	-0.12	1.0		0.54	-0.3	0.56	0.7	0.63	0.7	AMFFX
RNCCX	0.48	0.26	0.55	0.54		0.45	0.47	0.31	0.42	0.31	RNCCX
FPPPX	-0.08	0.45	-0.28	-0.3	0.45		-0.09	-0.41	-0.4	-0.41	FPPPX
AMEFX	1.0	0.01	0.57	0.56	0.47	-0.09		0.12	0.44	0.12	AMEFX
RNGGX	0.11	-0.21	0.67	0.7	0.31	-0.41	0.12		0.79	1.0	RNGGX
RNGFX	0.43	-0.21	0.61	0.63	0.42	-0.4	0.44	0.79		0.79	RNGFX
RNGHX	0.11	-0.21	0.67	0.7	0.31	-0.41	0.12	1.0	0.79		RNGHX
	AMECX	RNEBX	AMFCX	AMFFX	RNCCX	FPPPX	AMEFX	RNGGX	RNGFX	RNGHX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

AMEFX	+ 1.0	AMECX
AMFFX	+ 1.0	AMFCX
RNGHX	+ 1.0	RNGGX
RNGFX	+ 0.79	RNGGX
RNGHX	+ 0.79	RNGFX
RNGGX	+ 0.7	AMFFX

High negative correlations

RNGHX	- 0.41	FPPPX
RNGGX	- 0.41	FPPPX
RNGFX	- 0.4	FPPPX
FPPPX	- 0.3	AMFFX
FPPPX	- 0.28	AMFCX
RNGHX	- 0.21	RNEBX

Risk-Adjusted Indicators

There is a big difference between International Mutual Fund performing well and International Growth 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 International Growth'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
AMECX	0.35	(0.09)	0.00	(0.14)	0.00	0.00	0.66	(0.54)	5.01
RNEBX	0.50	0.01	(0.07)	(0.36)	0.63	(0.50)	1.04	(0.99)	3.78
AMFCX	0.41	0.01	(0.10)	0.19	0.37	(0.53)	0.84	(0.68)	2.68
AMFFX	0.41	0.01	(0.10)	0.22	0.36	(0.53)	0.83	(0.69)	2.68
RNCCX	0.23	(0.02)	(0.21)	(0.02)	0.27	(0.24)	0.52	(0.51)	1.32
FPPPX	0.11	(0.02)	0.00	(0.67)	0.00	0.00	0.21	(0.21)	0.74
AMEFX	0.36	(0.09)	0.00	(0.14)	0.00	0.00	0.66	(0.52)	5.05
RNGGX	0.61	0.13	0.08	2.25	0.66	(0.67)	1.38	(1.17)	4.00
RNGFX	0.77	(0.06)	(0.03)	(0.01)	1.87	(0.69)	1.39	(1.38)	4.01
RNGHX	0.61	0.13	0.09	2.22	0.67	(0.67)	1.40	(1.15)	4.01

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC