Guinness Atkinson Correlations

Mutual Funds . USA . 
Fund . Guinness Atkinson Asia
IASMX Fund  USD 14.79  0.03  0.20%   
The current 90-days correlation between Guinness Atkinson Asia and Guinness Atkinson China is 0.9 (i.e., Almost no diversification). The correlation of Guinness Atkinson 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.

Guinness Atkinson Correlation With Market

Modest diversification

The correlation between Guinness Atkinson Asia and DJI is 0.23 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Guinness Atkinson Asia 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 Guinness Atkinson Asia. 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 population.

Moving together with Guinness Mutual Fund

  0.7GINNX Guinness Atkinson GlobalPairCorr
  0.94ICHKX Guinness Atkinson ChinaPairCorr
  0.7IWIRX Guinness Atkinson GlobalPairCorr
  0.98MAPTX Matthews Pacific TigerPairCorr
  0.98MIPTX Matthews Pacific TigerPairCorr
  0.94PNSIX T Rowe PricePairCorr
  0.94PRASX T Rowe PricePairCorr
  0.95TRZNX T Rowe PricePairCorr
  0.85FSEAX Fidelity Emerging AsiaPairCorr
  0.92ASIYX Invesco Asia PacificPairCorr
  0.92ASISX Invesco Asia PacificPairCorr
  0.97MICSX Matthews Asian GrowthPairCorr
  0.95MACSX Matthews Asian GrowthPairCorr
  0.85AMTOX Ab All MarketPairCorr
  0.63REJTX American Funds 2015PairCorr
  0.64PARAX T Rowe PricePairCorr
  0.81PFN Pimco Income StrategyPairCorr

Related Correlations Analysis

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   
IWIRX
+ 0.73
ICHKX
MAKOX
+ 0.36
USCOX
IWIRX
+ 0.35
USCOX
IWIRX
+ 0.32
MAKOX
GAGEX
+ 0.25
IWIRX
GAGEX
+ 0.22
ICHKX
  
High negative correlations   
GAGEX
- 0.24
MAKOX
GAGEX
- 0.05
USCOX

Risk-Adjusted Indicators

There is a big difference between Guinness Mutual Fund performing well and Guinness Atkinson 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 Guinness Atkinson'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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2024 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY