Global Gold Correlations

AGGNX Fund

USD 13.31 0.10 0.76%

The current 90-days correlation between Global Gold Fund and Dunham Real Estate is 0.3 (i.e., Weak diversification). The correlation of Global Gold 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 Gold Correlation With Market

Average diversification

The correlation between Global Gold Fund and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Global Gold Fund 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 Gold 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 board of governors.

Moving together with Global Mutual Fund

0.72	AMKIX	Emerging Markets	Pair Corr
0.61	TWEAX	Equity Income	Pair Corr
0.61	TWEIX	Equity Income	Pair Corr
0.68	TWIEX	International Growth	Pair Corr
0.72	TWMIX	Emerging Markets	Pair Corr
0.67	ANTMX	Nt International Small	Pair Corr

Moving against Global Mutual Fund

0.35	TWCUX	Ultra Fund Investor	Pair Corr
0.31	TWUAX	Ultra Fund A	Pair Corr
0.63	BTTRX	Zero Pon 2025	Pair Corr
0.47	NPHIX	High Income Fund	Pair Corr
0.38	TWUIX	Ultra Fund I	Pair Corr

Related Correlations Analysis

	DNREX	SSRSX	FORFX	NRSCX	RRRZX
DNREX		0.95	-0.71	0.23	0.96	DNREX
SSRSX	0.95		-0.72	0.07	0.99	SSRSX
FORFX	-0.71	-0.72		0.05	-0.78	FORFX
NRSCX	0.23	0.07	0.05		0.06	NRSCX
RRRZX	0.96	0.99	-0.78	0.06		RRRZX
	DNREX	SSRSX	FORFX	NRSCX	RRRZX

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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

RRRZX	+ 0.99	SSRSX
RRRZX	+ 0.96	DNREX
SSRSX	+ 0.95	DNREX
NRSCX	+ 0.23	DNREX
NRSCX	+ 0.07	SSRSX
RRRZX	+ 0.06	NRSCX

High negative correlations

RRRZX	- 0.78	FORFX
FORFX	- 0.72	SSRSX
FORFX	- 0.71	DNREX

Risk-Adjusted Indicators

There is a big difference between Global Mutual Fund performing well and Global Gold 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 Gold'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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
DNREX	0.77	(0.10)	(0.35)	1.31	(1.85)	5.59
SSRSX	0.82	(0.08)	(0.19)	1.34	(1.95)	5.41
FORFX	0.05	0.00	0.00	0.11	0.00	0.32
NRSCX	0.24	(0.04)	(0.33)	0.43	(0.37)	3.24
RRRZX	0.88	(0.09)	(0.23)	1.40	(1.91)	5.76

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