Global Opportunities Correlations

Mutual Funds . USA . 
Fund . Global Opportunities Fund
FLFGX Fund  USD 11.34  0.09  0.80%   
The current 90-days correlation between Global Opportunities and Dynamic Growth Fund is 0.99 (i.e., No risk reduction). The correlation of Global Opportunities 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 Opportunities Correlation With Market

Modest diversification

The correlation between Global Opportunities Fund and DJI is 0.21 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Global Opportunities Fund and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Global Opportunities 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 price.

Moving together with Global Mutual Fund

  0.98SRUIX Spectrum Fund InstitPairCorr
  1.0QNTAX Quantex Fund AdviserPairCorr
  1.0QNTIX Quantex Fund InstituPairCorr
  0.61IFAAX Infrastructure FundPairCorr
  0.61IFAIX Infrastructure FundPairCorr
  0.97BLNIX Balanced Fund InstitPairCorr
  1.0FLCGX Quantex Fund RetailPairCorr
  0.98FLDOX Dividend OpportunitiesPairCorr
  1.0FLDGX Dynamic GrowthPairCorr
  0.97FLDFX Balanced Fund RetailPairCorr
  1.0FLMIX Muirfield Fund InstiPairCorr
  1.0FLMFX Muirfield Fund RetailPairCorr
  1.0FLMAX Muirfield Fund AdviserPairCorr
  0.63FLRUX Infrastructure FundPairCorr
  0.98FLSPX Spectrum Fund RetailPairCorr
  0.98DVOIX Dividend OpportunitiesPairCorr
  0.98DVOAX Dividend OpportunitiesPairCorr
  1.0GBPAX Global OpportunitiesPairCorr
  0.96DYGIX Dynamic GrowthPairCorr
  0.96DYGAX Dynamic GrowthPairCorr
  0.86RIRAX Capital Income BuilderPairCorr
  0.86RIREX Capital Income BuilderPairCorr
  0.86RIRCX Capital Income BuilderPairCorr
  0.85RIRFX Capital Income BuilderPairCorr
  0.86CIRCX Capital Income BuilderPairCorr
  0.86CIREX Capital Income BuilderPairCorr
  0.86RIRBX Capital Income BuilderPairCorr
  0.85CAIFX Capital Income BuilderPairCorr
  0.85CIRFX Capital Income BuilderPairCorr
  0.86CIRAX Capital Income BuilderPairCorr
  0.66TCTGX Transamerica CleartrackPairCorr
  0.66TDKTX Cleartrack 2015 ClassPairCorr
  0.7TCTJX Transamerica CleartrackPairCorr
  0.66TCSUX Cleartrack 2020 ClassPairCorr

Moving against Global Mutual Fund

  0.68FTCAX Templeton Strained BondPairCorr
  0.51UIPIX Ultrashort Mid CapPairCorr
  0.34VRSBX Virtus Seix CorporatePairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Global Mutual Fund performing well and Global Opportunities 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 Opportunities' 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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