Glg Intl Correlations

GLVIX Fund

USD 81.53 0.55 0.67%

The current 90-days correlation between Glg Intl Small and Virtus Convertible is 0.93 (i.e., Almost no diversification). The correlation of Glg Intl 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.

Glg Intl Correlation With Market

Poor diversification

The correlation between Glg Intl Small and DJI is 0.77 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Glg Intl Small and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Glg Intl Small. 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 Glg Mutual Fund

0.79	OSCNX	Oppenheimer Main Street	Pair Corr
0.82	OSCIX	Oppenheimer Intl Small	Pair Corr
0.79	OSCYX	Oppenheimer Main Street	Pair Corr
0.72	OSIIX	Oppenheimer Global Strtgc	Pair Corr
0.75	OSINX	Oppenheimer Strat Incm	Pair Corr
0.76	OSIYX	Oppenheimer Strategic	Pair Corr
0.82	OSMNX	Oppenheimer Intl Small	Pair Corr
0.82	OSMYX	Oppenheimer Intl Small	Pair Corr
0.95	OTCNX	Oppenheimer Cap Apprec	Pair Corr
0.95	OTCYX	Oppenheimer Capital	Pair Corr
0.91	ODINX	Oppenheimer Discovery	Pair Corr
0.9	ODIYX	Oppenheimer Discovery	Pair Corr
0.75	QMGIX	Oppenheimer Global	Pair Corr
0.75	QMGRX	Oppenheimer Global	Pair Corr
0.75	QMGAX	Oppenheimer Global	Pair Corr
0.75	QMGCX	Oppenheimer Global	Pair Corr
0.82	CGRNX	Oppenheimer Value	Pair Corr
0.82	CGRYX	Oppenheimer Disciplined	Pair Corr
0.82	OEGIX	Oppenhmr Discovery Mid	Pair Corr
0.83	OEGNX	Oppenhmr Discovery Mid	Pair Corr
0.84	QOPIX	Oppenheimer Flexible	Pair Corr
0.84	QOPNX	Oppenheimer Flexible	Pair Corr
0.84	QOPYX	Oppenheimer Flexible	Pair Corr
0.66	OGIYX	Oppenheimer Global	Pair Corr
0.65	OGIIX	Oppenheimer Global	Pair Corr
0.65	OGINX	Oppenheimer Gr Incm	Pair Corr
0.83	OGLIX	Oppenheimer Global	Pair Corr
0.83	OGLNX	Oppenheimer Global	Pair Corr
0.83	OGLYX	Oppenheimer Global	Pair Corr

Moving against Glg Mutual Fund

0.7	ODVNX	Oppenheimer Developing	Pair Corr
0.7	ODVYX	Oppenheimer Developing	Pair Corr
0.75	OIGNX	Oppenheimer Intl Grwth	Pair Corr
0.75	OIGYX	Oppenheimer International	Pair Corr

Related Correlations Analysis

	CONOX	WEIAX	FSAWX	PBXIX	FISCX	PRCCX	GACCX	VAADX
CONOX		0.82	0.9	0.82	0.86	0.99	0.89	0.97	CONOX
WEIAX	0.82		0.73	0.92	0.94	0.83	0.76	0.78	WEIAX
FSAWX	0.9	0.73		0.74	0.73	0.88	0.94	0.86	FSAWX
PBXIX	0.82	0.92	0.74		0.94	0.83	0.82	0.78	PBXIX
FISCX	0.86	0.94	0.73	0.94		0.87	0.81	0.87	FISCX
PRCCX	0.99	0.83	0.88	0.83	0.87		0.87	0.96	PRCCX
GACCX	0.89	0.76	0.94	0.82	0.81	0.87		0.88	GACCX
VAADX	0.97	0.78	0.86	0.78	0.87	0.96	0.88		VAADX
	CONOX	WEIAX	FSAWX	PBXIX	FISCX	PRCCX	GACCX	VAADX

Risk-Adjusted Indicators

There is a big difference between Glg Mutual Fund performing well and Glg Intl 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 Glg Intl'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
CONOX	0.80	0.08	0.06	0.17	0.79	(0.91)	1.72	(1.58)	7.40
WEIAX	1.02	0.10	0.04	0.64	1.09	(1.14)	2.29	(2.09)	9.37
FSAWX	0.10	0.03	(0.19)	1.33	0.00	(0.14)	0.19	(0.09)	0.65
PBXIX	0.30	0.03	(0.10)	1.79	0.34	(0.33)	0.65	(0.63)	1.79
FISCX	0.52	0.07	0.00	6.42	0.57	(0.57)	1.05	(1.10)	2.82
PRCCX	0.81	0.05	0.03	0.13	0.86	(0.92)	1.67	(1.62)	6.61
GACCX	0.48	0.16	0.14	5.52	0.30	(0.55)	0.97	(0.74)	2.44
VAADX	0.88	0.24	0.20	1.69	0.61	(1.12)	1.69	(1.57)	13.56

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