Global Strategist Correlations

MSSOX Fund

USD 17.16 0.04 0.23%

The current 90-days correlation between Global Strategist and Icon Information Technology is 0.43 (i.e., Very weak diversification). The correlation of Global Strategist 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 Strategist Correlation With Market

Very weak diversification

The correlation between Global Strategist Portfolio and DJI is 0.59 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Global Strategist Portfolio and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Global Strategist Portfolio. 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 persons.

Moving together with Global Mutual Fund

0.69	DINDX	Global Fixed Income	Pair Corr
0.75	DINCX	Global Fixed Income	Pair Corr
0.74	DINAX	Global Fixed Income	Pair Corr
0.63	TIIUX	Core Fixed Income	Pair Corr
0.66	TILUX	Inflation Linked Fixed	Pair Corr
0.67	MORGX	Morgan Stanley Mortgage	Pair Corr
0.96	MPBAX	Global Strategist	Pair Corr
0.74	MPFDX	Corporate Bond Portfolio	Pair Corr

Related Correlations Analysis

	ICTEX	ITYYX	JAGTX	HTECX	CMTFX	TEPIX	ROGSX
ICTEX		0.1	0.5	0.31	0.14	0.25	0.27	ICTEX
ITYYX	0.1		0.43	0.91	0.97	0.91	0.82	ITYYX
JAGTX	0.5	0.43		0.57	0.43	0.47	0.37	JAGTX
HTECX	0.31	0.91	0.57		0.89	0.88	0.83	HTECX
CMTFX	0.14	0.97	0.43	0.89		0.97	0.91	CMTFX
TEPIX	0.25	0.91	0.47	0.88	0.97		0.95	TEPIX
ROGSX	0.27	0.82	0.37	0.83	0.91	0.95		ROGSX
	ICTEX	ITYYX	JAGTX	HTECX	CMTFX	TEPIX	ROGSX

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Risk-Adjusted Indicators

There is a big difference between Global Mutual Fund performing well and Global Strategist 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 Strategist'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
ICTEX	0.79	(0.08)	(0.07)	(0.01)	1.23	(0.82)	1.31	(1.68)	7.14
ITYYX	0.90	0.20	0.16	0.29	0.92	(0.98)	2.38	(1.85)	6.05
JAGTX	0.94	(0.10)	0.00	(0.02)	0.00	0.00	1.88	(2.58)	12.93
HTECX	0.94	(0.02)	0.01	0.08	1.36	(0.90)	1.78	(2.15)	9.04
CMTFX	0.86	0.10	0.07	0.21	0.99	(0.91)	1.96	(1.95)	5.99
TEPIX	1.25	0.06	0.05	0.14	1.64	(1.30)	2.79	(3.15)	9.19
ROGSX	0.77	0.03	0.02	0.13	0.95	(0.80)	1.70	(1.41)	5.59

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Global Strategist Correlations

Global Strategist Correlation With Market

Very weak diversification

Moving together with Global Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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