Global Real Correlations

ARYNX Fund

USD 13.29 0.34 2.49%

The current 90-days correlation between Global Real Estate and Mid Cap Value is 0.53 (i.e., Very weak diversification). The correlation of Global Real 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 Real Correlation With Market

Modest diversification

The correlation between Global Real Estate and DJI is 0.22 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Global Real Estate 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 Real Estate. 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 against Global Mutual Fund

0.53	TWCIX	Select Fund Investor	Pair Corr
0.52	TWCCX	Ultra Fund C Downward Rally	Pair Corr
0.5	TWCGX	Growth Fund Investor	Pair Corr
0.46	TWCAX	Select Fund A	Pair Corr
0.41	AMEIX	Equity Growth	Pair Corr
0.53	TWSIX	Select Fund I	Pair Corr
0.52	TWCUX	Ultra Fund Investor	Pair Corr
0.41	TWGIX	Growth Fund I Downward Rally	Pair Corr
0.38	TWRCX	Growth Fund C	Pair Corr
0.36	TWHIX	Heritage Fund Investor	Pair Corr
0.47	TWUIX	Ultra Fund I	Pair Corr
0.46	TWUAX	Ultra Fund A	Pair Corr

Related Correlations Analysis

	AMDVX	AMEIX	AMGIX	CDBCX	AMKIX	TWACX	TWADX	TWCCX	TWCAX	TWCIX
AMDVX		0.54	0.72	-0.23	-0.44	-0.35	0.79	0.36	0.46	0.32	AMDVX
AMEIX	0.54		0.9	-0.63	-0.43	-0.71	0.79	0.94	0.97	0.93	AMEIX
AMGIX	0.72	0.9		-0.54	-0.43	-0.65	0.95	0.8	0.8	0.78	AMGIX
CDBCX	-0.23	-0.63	-0.54		0.35	0.97	-0.51	-0.61	-0.56	-0.59	CDBCX
AMKIX	-0.44	-0.43	-0.43	0.35		0.43	-0.45	-0.39	-0.33	-0.33	AMKIX
TWACX	-0.35	-0.71	-0.65	0.97	0.43		-0.61	-0.68	-0.63	-0.64	TWACX
TWADX	0.79	0.79	0.95	-0.51	-0.45	-0.61		0.66	0.68	0.64	TWADX
TWCCX	0.36	0.94	0.8	-0.61	-0.39	-0.68	0.66		0.94	1.0	TWCCX
TWCAX	0.46	0.97	0.8	-0.56	-0.33	-0.63	0.68	0.94		0.94	TWCAX
TWCIX	0.32	0.93	0.78	-0.59	-0.33	-0.64	0.64	1.0	0.94		TWCIX
	AMDVX	AMEIX	AMGIX	CDBCX	AMKIX	TWACX	TWADX	TWCCX	TWCAX	TWCIX

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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

TWCIX	+ 1.0	TWCCX
TWCAX	+ 0.97	AMEIX
TWACX	+ 0.97	CDBCX
TWADX	+ 0.95	AMGIX
TWCCX	+ 0.94	AMEIX
TWCAX	+ 0.94	TWCCX

High negative correlations

TWACX	- 0.71	AMEIX
TWCCX	- 0.68	TWACX
TWACX	- 0.65	AMGIX
TWCIX	- 0.64	TWACX
TWCAX	- 0.63	TWACX
CDBCX	- 0.63	AMEIX

Risk-Adjusted Indicators

There is a big difference between Global Mutual Fund performing well and Global Real 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 Real'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
AMDVX	0.60	(0.17)	0.00	(0.14)	0.00	0.00	0.89	(0.82)	3.22
AMEIX	0.51	0.08	0.09	0.16	0.48	(0.58)	1.10	(0.86)	3.88
AMGIX	0.50	0.04	(0.02)	0.42	0.40	(0.59)	1.15	(0.77)	3.57
CDBCX	0.23	(0.07)	0.00	(0.76)	0.00	0.00	0.33	(0.55)	1.31
AMKIX	0.71	0.03	(0.04)	(0.53)	0.85	(0.82)	1.51	(1.57)	4.82
TWACX	0.07	(0.02)	0.00	(1.05)	0.00	0.00	0.11	(0.11)	0.56
TWADX	0.45	0.01	(0.09)	0.33	0.41	(0.56)	0.93	(0.69)	2.91
TWCCX	0.69	0.18	0.12	(2.87)	0.74	(0.73)	1.69	(1.36)	5.13
TWCAX	0.70	0.06	0.04	0.13	1.08	(0.66)	1.64	(1.61)	5.36
TWCIX	0.65	0.16	0.10	(3.79)	0.70	(0.66)	1.64	(1.28)	5.37

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