Glg Intl Correlations

GLVIX Fund

USD 82.24 0.55 0.67%

The current 90-days correlation between Glg Intl Small and American Century High is 0.24 (i.e., Modest 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

Good diversification

The correlation between Glg Intl Small and DJI is -0.09 (i.e., Good 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

0.77	OSCNX	Oppenheimer Main Street	Pair Corr
0.7	OSCYX	Oppenheimer Main Street	Pair Corr
0.63	OSPAX	Oppenheimer Steelpath Mlp	Pair Corr
0.63	OSPPX	Oppenheimer Steelpath Mlp	Pair Corr
0.71	OSPSX	Oppenheimer Steelpath Mlp	Pair Corr
0.77	OSSIX	Oppenheimer Main Street	Pair Corr
0.85	OTCNX	Oppenheimer Cap Apprec	Pair Corr
0.85	OTCYX	Oppenheimer Capital	Pair Corr
0.63	MLPOX	Oppenheimer Steelpath Mlp	Pair Corr
0.71	MLPTX	Oppenheimer Steelpath Mlp	Pair Corr
0.82	ODINX	Oppenheimer Discovery	Pair Corr
0.89	ODIYX	Oppenheimer Discovery	Pair Corr
0.77	CGRNX	Oppenheimer Value	Pair Corr
0.78	CGRYX	Oppenheimer Disciplined	Pair Corr
0.84	OEGYX	Oppenhmr Discovery Mid	Pair Corr
0.88	OEGIX	Oppenhmr Discovery Mid	Pair Corr
0.88	OEGNX	Oppenhmr Discovery Mid	Pair Corr
0.85	QOPIX	Oppenheimer Flexible	Pair Corr

Moving against Glg Mutual Fund

0.41	OSMNX	Oppenheimer Intl Small	Pair Corr
0.4	OSCIX	Oppenheimer Intl Small	Pair Corr
0.4	OSMYX	Oppenheimer Intl Small	Pair Corr
0.38	OEMNX	Ophmr Eml Dbt	Pair Corr
0.57	OFINX	Oppenheimer Corporate	Pair Corr
0.52	OFIYX	Oppenheimer Corporate	Pair Corr
0.51	OFIIX	Oppenheimer Corporate	Pair Corr

Related Correlations Analysis

	ACHFX	NMHYX	ARTFX	PGHCX	PHYSX	PYICX	PHDTX
ACHFX		0.95	0.95	0.99	0.88	0.95	0.93	ACHFX
NMHYX	0.95		0.95	0.96	0.93	0.96	0.97	NMHYX
ARTFX	0.95	0.95		0.97	0.94	0.92	0.97	ARTFX
PGHCX	0.99	0.96	0.97		0.92	0.93	0.95	PGHCX
PHYSX	0.88	0.93	0.94	0.92		0.84	0.96	PHYSX
PYICX	0.95	0.96	0.92	0.93	0.84		0.9	PYICX
PHDTX	0.93	0.97	0.97	0.95	0.96	0.9		PHDTX
	ACHFX	NMHYX	ARTFX	PGHCX	PHYSX	PYICX	PHDTX

Click cells to compare fundamentals

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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	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
ACHFX	0.13	0.03	(0.42)	(0.99)	(0.20)	0.35	(0.23)	0.93
NMHYX	0.09	0.01	(0.51)	0.29	(0.16)	0.24	(0.12)	0.48
ARTFX	0.12	0.03	(0.46)	0.55	(0.20)	0.33	(0.22)	1.01
PGHCX	0.13	0.03	(0.25)	(1.04)	(0.34)	0.53	(0.26)	0.80
PHYSX	0.11	0.02	(0.44)	0.35	(0.17)	0.22	(0.22)	0.78
PYICX	0.11	0.01	(0.49)	0.25	(0.17)	0.22	(0.22)	0.78
PHDTX	0.10	0.01	(0.43)	0.31	(0.16)	0.23	(0.22)	0.56

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