Global Advantage Correlations

MSPTX Fund

USD 15.29 0.22 1.42%

The current 90-days correlation between Global Advantage Por and Global Advantage Portfolio is 1.0 (i.e., No risk reduction). The correlation of Global Advantage 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.

Global Advantage Correlation With Market

Average diversification

The correlation between Global Advantage Portfolio and DJI is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Global Advantage Portfolio 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 Global Advantage 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 estimate.

Moving together with Global Mutual Fund

0.83	DINDX	Global Fixed Income	Pair Corr
0.82	DINCX	Global Fixed Income	Pair Corr
0.82	DINAX	Global Fixed Income	Pair Corr
0.69	MNOPX	International Opportunity	Pair Corr
0.76	THYUX	High Yield Fund	Pair Corr
0.8	TIFUX	International Fixed	Pair Corr
0.93	MPAIX	Advantage Portfolio Class	Pair Corr
0.98	MPEGX	Mid Cap Growth	Pair Corr
0.74	MRHYX	Msift High Yield	Pair Corr
0.98	MACGX	Mid Cap Growth	Pair Corr

Moving against Global Mutual Fund

0.45	TLGUX	Large Cap Equity	Pair Corr
0.31	MAAUX	Morgan Stanley Insti	Pair Corr
0.31	MAADX	Morgan Stanley Insti	Pair Corr

Related Correlations Analysis

	MIGIX	MIGPX	SCATX	ILLLX	INPSX
MIGIX		1.0	0.87	0.99	0.87	MIGIX
MIGPX	1.0		0.87	0.99	0.87	MIGPX
SCATX	0.87	0.87		0.87	0.79	SCATX
ILLLX	0.99	0.99	0.87		0.89	ILLLX
INPSX	0.87	0.87	0.79	0.89		INPSX
	MIGIX	MIGPX	SCATX	ILLLX	INPSX

Click cells to compare fundamentals

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Risk-Adjusted Indicators

There is a big difference between Global Mutual Fund performing well and Global Advantage 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 Global Advantage'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
MIGIX	1.42	0.35	0.18	0.85	1.55	(1.56)	3.37	(2.19)	12.28
MIGPX	1.41	0.35	0.18	0.83	1.52	(1.56)	3.37	(2.12)	12.21
SCATX	1.15	0.11	0.06	0.23	1.51	(1.19)	2.98	(2.29)	7.19
ILLLX	1.33	0.34	0.19	0.78	1.36	(1.54)	3.17	(2.02)	12.36
INPSX	1.35	0.27	0.13	0.47	1.78	(1.39)	3.08	(2.33)	10.34

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