Global Gold Correlations

AGGWX Fund

USD 13.13 0.06 0.46%

The current 90-days correlation between Global Gold Fund and Volumetric Fund Volumetric is 0.18 (i.e., Average 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 0.16 (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 housing.

Moving together with Global Mutual Fund

0.67	AMKIX	Emerging Markets	Pair Corr
0.62	TWGGX	Global Growth	Pair Corr
0.66	TWMIX	Emerging Markets	Pair Corr

Related Correlations Analysis

	VOLMX	TQAAX	FALCX	FIJFX	OPTCX	XMHFX
VOLMX		0.95	0.0	0.67	0.97	-0.75	VOLMX
TQAAX	0.95		0.0	0.72	0.91	-0.59	TQAAX
FALCX	0.0	0.0		0.0	0.0	0.0	FALCX
FIJFX	0.67	0.72	0.0		0.68	-0.38	FIJFX
OPTCX	0.97	0.91	0.0	0.68		-0.68	OPTCX
XMHFX	-0.75	-0.59	0.0	-0.38	-0.68		XMHFX
	VOLMX	TQAAX	FALCX	FIJFX	OPTCX	XMHFX

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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

OPTCX	+ 0.97	VOLMX
TQAAX	+ 0.95	VOLMX
OPTCX	+ 0.91	TQAAX
FIJFX	+ 0.72	TQAAX
OPTCX	+ 0.68	FIJFX
FIJFX	+ 0.67	VOLMX

High negative correlations

XMHFX	- 0.75	VOLMX
XMHFX	- 0.68	OPTCX
XMHFX	- 0.59	TQAAX
XMHFX	- 0.38	FIJFX
XMHFX	- 0.0	FALCX
OPTCX	- 0.0	FALCX

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	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
VOLMX	0.60	0.00	(0.01)	0.12	0.57	(0.71)	1.14	(1.35)	4.49
TQAAX	0.83	(0.03)	0.01	0.10	0.97	(0.88)	1.97	(1.51)	6.10
FALCX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
FIJFX	0.78	(0.04)	(0.04)	0.08	0.87	(0.84)	1.90	(1.48)	5.17
OPTCX	0.16	0.02	(0.40)	0.22	0.00	(0.24)	0.41	(0.21)	1.07
XMHFX	0.17	(0.02)	0.00	0.36	0.00	0.00	0.28	(0.41)	1.52

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