| MNOPX Fund | | | USD 29.83 0.37 1.26% |
The current 90-days correlation between International Opportunity and Global Opportunity Portfolio is 0.86 (i.e., Very poor diversification). The correlation of International Opportunity 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.
International Opportunity Correlation With Market
Very weak diversification
The correlation between International Opportunity Port and DJI is 0.43 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding International Opportunity Port and DJI in the same portfolio, assuming nothing else is changed.
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Correlation Analysis to better understand how to build diversified portfolios, which includes a position in International Opportunity Portfolio. 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 american community survey.