International Stock Correlations
| DISAX Fund | USD 23.01 0.02 0.09% |
The current 90-days correlation between International Stock and Franklin Lifesmart Retirement is 0.58 (i.e., Very weak diversification). The correlation of International Stock 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 Stock Correlation With Market
Average diversification
The correlation between International Stock Fund and DJI is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding International Stock Fund and DJI in the same portfolio, assuming nothing else is changed.
International |
Moving together with International Mutual Fund
| 0.92 | DIBCX | Dreyfus International | PairCorr |
| 0.91 | DIBAX | Dreyfus International | PairCorr |
| 0.96 | DIECX | Dreyfus International | PairCorr |
| 0.96 | DIEAX | Dreyfus International | PairCorr |
| 0.95 | DIISX | Dreyfus International | PairCorr |
| 1.0 | DISCX | International Stock | PairCorr |
| 0.84 | PGROX | Dreyfus Worldwide Growth | PairCorr |
| 0.84 | PGRCX | Dreyfus Worldwide Growth | PairCorr |
| 0.64 | THPBX | Dreyfus Balanced Opp | PairCorr |
| 0.69 | DLDCX | Dreyfus Natural Resources | PairCorr |
| 0.78 | DLQAX | Dreyfus Large Cap | PairCorr |
| 0.7 | DMCVX | Dreyfus Opportunistic | PairCorr |
| 0.68 | DNLAX | Dreyfus Natural Resources | PairCorr |
| 0.72 | RUDAX | Dreyfusthe Boston Pany | PairCorr |
| 0.78 | DPTAX | Dreyfus Tax Managed | PairCorr |
Related Correlations Analysis
| 0.96 | 0.86 | 0.95 | 0.94 | 0.87 | 0.97 | FLMTX | ||
| 0.96 | 0.91 | 0.94 | 0.93 | 0.89 | 0.97 | CMATX | ||
| 0.86 | 0.91 | 0.88 | 0.9 | 0.78 | 0.9 | SAMAX | ||
| 0.95 | 0.94 | 0.88 | 1.0 | 0.9 | 0.99 | TSMLX | ||
| 0.94 | 0.93 | 0.9 | 1.0 | 0.89 | 0.98 | TSIMX | ||
| 0.87 | 0.89 | 0.78 | 0.9 | 0.89 | 0.88 | TCTZX | ||
| 0.97 | 0.97 | 0.9 | 0.99 | 0.98 | 0.88 | VRRJX | ||
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Risk-Adjusted Indicators
There is a big difference between International Mutual Fund performing well and International Stock 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 Stock'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| FLMTX | 0.25 | (0.01) | (0.06) | (0.04) | 0.39 | 0.48 | 1.98 | |||
| CMATX | 0.37 | (0.02) | 0.00 | (0.06) | 0.00 | 0.86 | 3.48 | |||
| SAMAX | 0.50 | (0.02) | (0.03) | (0.03) | 0.75 | 0.94 | 4.00 | |||
| TSMLX | 0.35 | (0.03) | 0.00 | (0.12) | 0.00 | 0.60 | 2.67 | |||
| TSIMX | 0.35 | (0.03) | 0.00 | (0.12) | 0.00 | 0.60 | 2.47 | |||
| TCTZX | 0.27 | (0.02) | 0.00 | (0.49) | 0.00 | 0.61 | 1.95 | |||
| VRRJX | 0.40 | (0.03) | 0.00 | (0.10) | 0.00 | 0.74 | 3.25 |