Global Nterpoint Correlations
| GLCSXDelisted Fund | USD 12.07 0.00 0.00% |
The current 90-days correlation between Global Nterpoint Por and Western Asset Municipal is 0.06 (i.e., Significant diversification). The correlation of Global Nterpoint 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 Nterpoint Correlation With Market
Average diversification
The correlation between Global Nterpoint Portfolio and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Global Nterpoint Portfolio and DJI in the same portfolio, assuming nothing else is changed.
Global |
Moving together with Global Mutual Fund
| 0.74 | FNFPX | American Funds New | PairCorr |
| 0.73 | FFPNX | American Funds New | PairCorr |
| 0.7 | NPFCX | New Perspective | PairCorr |
| 0.71 | ANWPX | New Perspective | PairCorr |
| 0.71 | NPFFX | New Perspective | PairCorr |
| 0.71 | CNPAX | New Perspective | PairCorr |
| 0.71 | CNPEX | New Perspective | PairCorr |
| 0.71 | CNPFX | New Perspective | PairCorr |
| 0.69 | CNPCX | New Perspective | PairCorr |
| 0.7 | RNPAX | New Perspective | PairCorr |
| 0.64 | COGVX | Cognios Large Cap | PairCorr |
| 0.66 | SPMPX | Invesco Steelpath Mlp | PairCorr |
| 0.66 | MLPNX | Oppenheimer Steelpath Mlp | PairCorr |
| 0.65 | MLPMX | Oppenheimer Steelpath Mlp | PairCorr |
| 0.66 | SPMJX | Invesco Steelpath Mlp | PairCorr |
| 0.76 | INTC | Intel Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.79 | XOM | Exxon Mobil Corp Sell-off Trend | PairCorr |
| 0.75 | T | ATT Inc Aggressive Push | PairCorr |
| 0.87 | CSCO | Cisco Systems Aggressive Push | PairCorr |
| 0.86 | HD | Home Depot | PairCorr |
| 0.88 | CAT | Caterpillar Fiscal Year End 3rd of February 2025 | PairCorr |
| 0.82 | HPQ | HP Inc | PairCorr |
| 0.89 | AA | Alcoa Corp Fiscal Year End 15th of January 2025 | PairCorr |
| 0.74 | CVX | Chevron Corp Fiscal Year End 7th of February 2025 | PairCorr |
Moving against Global Mutual Fund
| 0.46 | BTMPX | Ishares Msci Eafe | PairCorr |
| 0.46 | MDIIX | Blackrock Intern Index | PairCorr |
| 0.4 | BTMKX | Blackrock International | PairCorr |
| 0.39 | FMFFX | Fs Managed Futures | PairCorr |
| 0.8 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
| 0.72 | BA | Boeing Fiscal Year End 29th of January 2025 | PairCorr |
| 0.63 | KO | Coca Cola Aggressive Push | PairCorr |
| 0.61 | JNJ | Johnson Johnson Sell-off Trend | PairCorr |
| 0.55 | PG | Procter Gamble | PairCorr |
Related Correlations Analysis
| -0.71 | -0.32 | 0.0 | -0.62 | -0.68 | XMHFX | ||
| -0.71 | 0.69 | 0.0 | 0.8 | 0.89 | ADOIX | ||
| -0.32 | 0.69 | 0.0 | 0.75 | 0.78 | VOLJX | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | FALCX | ||
| -0.62 | 0.8 | 0.75 | 0.0 | 0.86 | TMVAX | ||
| -0.68 | 0.89 | 0.78 | 0.0 | 0.86 | ABVCX | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Global Mutual Fund performing well and Global Nterpoint 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 Nterpoint'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| XMHFX | 0.16 | (0.03) | 0.00 | (0.40) | 0.00 | 0.28 | 1.52 | |||
| ADOIX | 0.45 | (0.01) | (0.08) | 0.07 | 0.63 | 1.16 | 3.31 | |||
| VOLJX | 0.78 | 0.05 | (0.04) | (0.40) | 1.21 | 1.47 | 4.97 | |||
| FALCX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| TMVAX | 0.88 | 0.03 | 0.05 | 0.12 | 0.78 | 2.29 | 8.08 | |||
| ABVCX | 0.53 | 0.12 | 0.03 | (2.73) | 0.31 | 1.09 | 3.88 |
Global Nterpoint Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Global Nterpoint mutual fund to make a market-neutral strategy. Peer analysis of Global Nterpoint could also be used in its relative valuation, which is a method of valuing Global Nterpoint by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Still Interested in Global Nterpoint Portfolio?
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