Global Equity Correlations

Mutual Funds . USA . 
Fund . Global Equity Fund
JGEFX Fund  USD 13.91  0.08  0.58%   
The current 90-days correlation between Global Equity and Dodge Global Stock is 0.85 (i.e., Very poor diversification). The correlation of Global Equity 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 Equity Correlation With Market

Very poor diversification

The correlation between Global Equity Fund and DJI is 0.8 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Global Equity Fund and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Global Equity Fund. 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 census.

Moving together with Global Mutual Fund

  0.87JQLMX Multimanager LifestylePairCorr
  0.91JQLBX Multimanager LifestylePairCorr
  0.84JQLAX Multimanager LifestylePairCorr
  0.65JQLCX Multimanager LifestylePairCorr
  0.87JQLGX Multimanager LifestylePairCorr
  0.8JRETX J Hancock IiPairCorr
  0.73JRLDX Retirement Living ThroughPairCorr
  0.72JRLFX Multi Index 2010PairCorr
  0.81JRLIX Retirement Living ThroughPairCorr
  0.72JRLHX Retirement Living ThroughPairCorr
  0.8JRLKX Multi Index 2015PairCorr
  0.8JRLLX Retirement Living ThroughPairCorr
  0.85JRLOX Retirement Living ThroughPairCorr
  0.83JRLQX Retirement Living ThroughPairCorr
  0.84JRLPX Multi Index 2020PairCorr
  0.84JRLUX Multi Index 2045PairCorr
  0.82JRLWX Retirement Living ThroughPairCorr
  0.84JRLVX Retirement Living ThroughPairCorr
  0.82JRLZX Retirement Living ThroughPairCorr
  0.81JROUX J Hancock IiPairCorr
  0.82JRODX J Hancock IiPairCorr
  0.81JAAFX Jhancock Multi IndexPairCorr
  0.81JAAJX Jhancock Multi IndexPairCorr
  0.77JAAIX Alternative AssetPairCorr
  0.81JAAKX Jhancock Multi IndexPairCorr
  0.79JAAPX Alternative AssetPairCorr
  0.89JRTBX Retirement Living ThroughPairCorr
  0.85JRTAX Retirement Living ThroughPairCorr
  0.79JAARX Alternative AssetPairCorr
  0.88JRTDX Multi Index 2025PairCorr
  0.91JRTGX Retirement Living ThroughPairCorr
  0.89JRTFX Retirement Living ThroughPairCorr
  0.77JAASX Alternative AssetPairCorr
  0.91JRTIX Multi Index 2030PairCorr
  0.81JAAVX Jhancock MultimanagerPairCorr
  0.9JRTKX Retirement Living ThroughPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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