Mondrian International Correlations

MPIEX Fund

USD 14.13 0.09 0.64%

The current 90-days correlation between Mondrian International and Tweedy Browne Worldwide is 0.4 (i.e., Very weak diversification). The correlation of Mondrian International 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.

Mondrian International Correlation With Market

Average diversification

The correlation between Mondrian International Value and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mondrian International Value and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Mondrian International Value. 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 income.

Moving together with Mondrian Mutual Fund

0.9	MPEMX	Mondrian Emerging Markets	Pair Corr
0.99	MPGVX	Mondrian Global Equity	Pair Corr
0.95	MGIFX	Mondrian Global Listed	Pair Corr
0.95	DOXFX	Dodge Cox International	Pair Corr
0.83	OANIX	Oakmark International	Pair Corr
0.95	DODFX	Dodge International Stock	Pair Corr
0.83	OAKIX	Oakmark International	Pair Corr
0.83	OAYIX	Oakmark International	Pair Corr
0.83	OAZIX	Oakmark International	Pair Corr
0.92	FINVX	Fidelity Series Inte	Pair Corr
0.97	VTRIX	Vanguard International	Pair Corr
0.88	RRIGX	T Rowe Price	Pair Corr
0.91	BRUFX	Bruce Fund Bruce	Pair Corr
0.65	SPGSX	State Street Premier	Pair Corr
0.74	KF	Korea Closed	Pair Corr

Moving against Mondrian Mutual Fund

0.63	RYMEX	Commodities Strategy	Pair Corr
0.63	RYMBX	Commodities Strategy	Pair Corr
0.62	RYMJX	Commodities Strategy	Pair Corr
0.39	XGEIX	Guggenheim Energy Income	Pair Corr
0.86	SHRMX	Stone Ridge High	Pair Corr
0.82	LFMAX	Locorr Macro Strategies	Pair Corr
0.79	LUBAX	Lord Abbett Ultra	Pair Corr
0.78	SADIX	Wells Fargo Ultra	Pair Corr
0.63	ASFYX	Asg Managed Futures	Pair Corr
0.6	BRBCX	Blackrock Tactical	Pair Corr
0.53	LABAX	Loomis Sayles Strategic	Pair Corr
0.52	GSCAX	Goldman Sachs Modity	Pair Corr
0.33	BDKNX	Braddock Multi Strategy	Pair Corr
0.84	PYFRX	Payden Floating Rate	Pair Corr
0.81	PYLMX	Payden Limited Maturity	Pair Corr
0.79	SADAX	Wells Fargo Ultra	Pair Corr
0.77	VSLYX	If Inv Snr	Pair Corr

Related Correlations Analysis

	TBHDX	TWEBX	LLINX	SEQUX
TBHDX		0.98	0.91	0.82	TBHDX
TWEBX	0.98		0.82	0.77	TWEBX
LLINX	0.91	0.82		0.78	LLINX
SEQUX	0.82	0.77	0.78		SEQUX
	TBHDX	TWEBX	LLINX	SEQUX

Click cells to compare fundamentals

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Risk-Adjusted Indicators

There is a big difference between Mondrian Mutual Fund performing well and Mondrian International 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 Mondrian International'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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
TBHDX	0.49	(0.16)	(0.94)	0.56	(1.36)	5.16
TWEBX	0.58	(0.19)	(0.88)	0.60	(1.18)	10.43
LLINX	0.66	(0.18)	(2.84)	1.11	(1.85)	4.20
SEQUX	0.62	(0.08)	(0.22)	1.16	(1.27)	6.72

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