India Closed Correlations

IFN Fund

USD 13.98 0.04 0.29%

The current 90-days correlation between India Closed and Adams Natural Resources is -0.04 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as India Closed moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if India Closed moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

India Closed Correlation With Market

Excellent diversification

The correlation between India Closed and DJI is -0.51 (i.e., Excellent diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding India Closed 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 India Closed. Also, note that the market value of any fund could be closely tied with the direction of predictive economic indicators such as signals in price.

Moving against India Fund

0.67	OGLCX	Oppenheimer Global	Pair Corr
0.63	RYSEX	Royce Special Equity	Pair Corr
0.59	MMSCX	Praxis Small Cap	Pair Corr
0.59	IPFIX	Victory Incore	Pair Corr
0.58	BTO	John Hancock Financial	Pair Corr
0.58	CLBCX	American Balanced	Pair Corr
0.57	CEE	Central Europe Russia	Pair Corr
0.57	VFINX	Vanguard 500 Index	Pair Corr
0.57	TLVIX	Thrivent Large Cap	Pair Corr
0.56	DQIYX	Dreyfus Equity Income	Pair Corr
0.54	GRMAX	Nationwide Sp 500	Pair Corr
0.53	COIIX	Calvert International	Pair Corr
0.52	LVAEX	Lsv Value Equity	Pair Corr
0.49	GLVYX	Oppenheimer Global Val	Pair Corr
0.46	PFIIX	Pimco Floating Income	Pair Corr
0.43	CCD	Calamos Dynamic Conv	Pair Corr
0.42	TSDFX	Tiaa Cref Short	Pair Corr
0.41	TWN	Taiwan Closed	Pair Corr
0.41	FAFWX	American Funds Retirement	Pair Corr
0.37	FMUSX	Federated Municipal	Pair Corr
0.35	FLOWX	Fidelity Water Susta	Pair Corr
0.77	ETHSX	Eaton Vance Worldwide	Pair Corr
0.76	KAUIX	Federated Kaufmann	Pair Corr
0.73	FGDMX	Fidelity Advisor Com	Pair Corr
0.67	RPTIX	T Rowe Price	Pair Corr
0.6	NBREX	Neuberger Berman Mid	Pair Corr
0.57	JGICX	Janus Growth And	Pair Corr
0.56	VFIAX	Vanguard 500 Index	Pair Corr
0.5	GMXAX	Nationwide Mid Cap	Pair Corr
0.49	TIOTX	Tiaa Cref International	Pair Corr
0.48	VEITX	Vela International	Pair Corr
0.47	TCLFX	Tiaa Cref Lifecycle	Pair Corr

Related Correlations Analysis

	PEO	ALZFX	MUJ	DSU	MHD	DHTYX	HRAAX	AAIEX	LCORX	NMCO
PEO		0.32	0.84	0.61	0.83	0.67	0.7	0.91	0.77	0.58	PEO
ALZFX	0.32		0.52	0.76	0.46	0.76	0.86	0.62	0.59	-0.38	ALZFX
MUJ	0.84	0.52		0.65	0.76	0.82	0.77	0.9	0.82	0.33	MUJ
DSU	0.61	0.76	0.65		0.71	0.67	0.8	0.72	0.65	0.08	DSU
MHD	0.83	0.46	0.76	0.71		0.63	0.7	0.82	0.67	0.5	MHD
DHTYX	0.67	0.76	0.82	0.67	0.63		0.92	0.88	0.84	-0.1	DHTYX
HRAAX	0.7	0.86	0.77	0.8	0.7	0.92		0.89	0.81	-0.08	HRAAX
AAIEX	0.91	0.62	0.9	0.72	0.82	0.88	0.89		0.86	0.3	AAIEX
LCORX	0.77	0.59	0.82	0.65	0.67	0.84	0.81	0.86		0.1	LCORX
NMCO	0.58	-0.38	0.33	0.08	0.5	-0.1	-0.08	0.3	0.1		NMCO
	PEO	ALZFX	MUJ	DSU	MHD	DHTYX	HRAAX	AAIEX	LCORX	NMCO

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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

HRAAX	+ 0.92	DHTYX
AAIEX	+ 0.91	PEO
AAIEX	+ 0.9	MUJ
AAIEX	+ 0.89	HRAAX
AAIEX	+ 0.88	DHTYX
HRAAX	+ 0.86	ALZFX

High negative correlations

NMCO	- 0.38	ALZFX
NMCO	- 0.1	DHTYX
NMCO	- 0.08	HRAAX

Risk-Adjusted Indicators

There is a big difference between India Fund performing well and India Closed 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 India Closed'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
PEO	0.92	0.28	0.23	0.76	0.66	(1.09)	2.32	(1.44)	5.23
ALZFX	1.08	(0.03)	(0.02)	0.03	1.53	(0.99)	2.24	(2.76)	8.08
MUJ	0.35	0.08	0.06	1.69	0.23	(0.39)	0.99	(0.69)	2.94
DSU	0.31	(0.01)	(0.14)	0.02	0.34	(0.40)	0.70	(0.60)	1.89
MHD	0.33	0.02	(0.08)	3.62	0.40	(0.38)	0.85	(0.87)	2.14
DHTYX	0.76	0.22	0.22	0.35	0.51	(0.87)	1.92	(1.20)	9.88
HRAAX	0.59	0.17	0.19	0.38	0.32	(0.68)	0.97	(1.17)	10.68
AAIEX	0.56	0.16	0.20	0.31	0.32	(0.66)	1.47	(1.13)	3.23
LCORX	0.51	0.17	0.21	0.98	0.18	(0.63)	0.87	(0.76)	7.81
NMCO	0.39	0.00	(0.08)	0.07	0.51	(0.42)	0.86	(1.06)	2.28

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