International Smaller Correlations

Mutual Funds . USA . 
Fund . The International Smaller
BICIX Fund  USD 11.93  0.08  0.68%   
The current 90-days correlation between The International Smaller and Mutual Of America is 0.5 (i.e., Very weak diversification). The correlation of International Smaller 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.

International Smaller Correlation With Market

Very weak diversification

The correlation between The International Smaller and DJI is 0.58 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding The International Smaller 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 The International Smaller. 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 gross domestic product.

Moving together with International Mutual Fund

  0.95BSGPX Eafe PurePairCorr
  0.94BGCWX Baillie Gifford EafePairCorr
  0.93BGCSX Eafe ChoicePairCorr
  0.94BGCJX Baillie Gifford EafePairCorr
  0.84BGEZX Baillie Gifford EmergingPairCorr
  0.84BGEWX Baillie Gifford EmergingPairCorr
  0.66BGEPX Baillie Gifford EmergingPairCorr
  0.65BGELX Emerging MarketsPairCorr
  0.66BGEGX Baillie Gifford EmergingPairCorr
  0.65BGEHX Baillie Gifford EmergingPairCorr
  0.65BGEDX Baillie Gifford EmergingPairCorr
  0.78BGHDX Baillie Gifford HealthPairCorr
  0.78BGHBX Baillie Gifford HealthPairCorr
  0.87BGIUX Baillie Gifford IntePairCorr
  0.86BGIVX Baillie Gifford IntePairCorr
  0.87BGITX Baillie Gifford IntePairCorr
  0.86BGIKX The International EquityPairCorr
  0.87BGIFX Baillie Gifford IntePairCorr
  0.65BGKEX Emerging MarketsPairCorr

Moving against International Mutual Fund

  0.5BGGSX Equity GrowthPairCorr
  0.34BSGLX Long TermPairCorr
  0.54BGGKX Equity GrowthPairCorr
  0.37BGUKX Baillie Gifford DiscoveryPairCorr
  0.37BGUIX Baillie Gifford DiscoveryPairCorr
  0.34BGLTX Baillie GiffordPairCorr
  0.34BGLKX Long TermPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between International Mutual Fund performing well and International Smaller 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 International Smaller'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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