International Growth Correlations

Mutual Funds . USA . 
Fund . International Growth Fund
TGRIX Fund  USD 12.43  0.09  0.73%   
The current 90-days correlation between International Growth and Value Fund Investor is 0.51 (i.e., Very weak diversification). The correlation of International Growth 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 Growth Correlation With Market

Very weak diversification

The correlation between International Growth Fund and DJI is 0.57 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding International Growth Fund and DJI in the same portfolio, assuming nothing else is changed.
  
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in International Growth Fund. 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 gross domestic product.

Moving together with International Mutual Fund

  0.74CDBCX Diversified BondPairCorr
  0.63TWACX Short Term GovernmentPairCorr
  1.0TWGAX International GrowthPairCorr
  1.0TWIEX International GrowthPairCorr
  0.61TWTCX Intermediate Term TaxPairCorr

Moving against International Mutual Fund

  0.53AMEIX Equity GrowthPairCorr
  0.5TWCCX Ultra Fund CPairCorr
  0.48AMGIX Income GrowthPairCorr
  0.48TWADX Value Fund APairCorr
  0.45TWCIX Select Fund InvestorPairCorr
  0.44TWCAX Select Fund APairCorr
  0.43AMDVX Mid Cap ValuePairCorr
  0.43TWCGX Growth Fund InvestorPairCorr
  0.43AMVYX Mid Cap ValuePairCorr
  0.42AMVGX Mid Cap ValuePairCorr
  0.4AMVRX Mid Cap ValuePairCorr
  0.62TWHIX Heritage Fund InvestorPairCorr
  0.5TWCUX Ultra Fund InvestorPairCorr
  0.45TWSIX Select Fund IPairCorr
  0.44TWGIX Growth Fund IPairCorr
  0.43TWEAX Equity IncomePairCorr
  0.42TWEIX Equity IncomePairCorr
  0.42TWRCX Growth Fund CPairCorr
  0.51TWUIX Ultra Fund IPairCorr
  0.5TWUAX Ultra Fund APairCorr
  0.49TWVLX Value Fund InvestorPairCorr
  0.45ANONX Small Cap GrowthPairCorr
  0.45ANOGX Small Cap GrowthPairCorr
  0.45ANOHX American Century SmallPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between International Mutual Fund performing well and International Growth 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 International Growth'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.

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