International Growth Correlations

TWGAX Fund

USD 12.96 0.15 1.14%

The current 90-days correlation between International Growth and Tfa Alphagen Growth is 0.61 (i.e., Poor 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

Weak diversification

The correlation between International Growth Fund and DJI is 0.38 (i.e., 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 nation.

Moving together with International Mutual Fund

0.67	AMEIX	Equity Growth	Pair Corr
0.67	CDBCX	Diversified Bond	Pair Corr
0.73	TWBIX	Balanced Fund Investor	Pair Corr
1.0	TWIEX	International Growth	Pair Corr
0.61	TWTIX	Intermediate Term Tax	Pair Corr
0.73	ANONX	Small Cap Growth	Pair Corr
0.73	ANOGX	Small Cap Growth	Pair Corr

Related Correlations Analysis

	TFAGX	MSSGX	FCSGX	NEAIX	ARTSX	ASCGX	SLWGX
TFAGX		0.65	0.79	0.79	0.39	0.61	0.07	TFAGX
MSSGX	0.65		0.39	0.76	-0.08	0.46	-0.22	MSSGX
FCSGX	0.79	0.39		0.75	0.77	0.78	0.11	FCSGX
NEAIX	0.79	0.76	0.75		0.42	0.8	-0.14	NEAIX
ARTSX	0.39	-0.08	0.77	0.42		0.74	0.42	ARTSX
ASCGX	0.61	0.46	0.78	0.8	0.74		0.24	ASCGX
SLWGX	0.07	-0.22	0.11	-0.14	0.42	0.24		SLWGX
	TFAGX	MSSGX	FCSGX	NEAIX	ARTSX	ASCGX	SLWGX

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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

ASCGX	+ 0.8	NEAIX
FCSGX	+ 0.79	TFAGX
NEAIX	+ 0.79	TFAGX
ASCGX	+ 0.78	FCSGX
ARTSX	+ 0.77	FCSGX
NEAIX	+ 0.76	MSSGX

High negative correlations

SLWGX	- 0.22	MSSGX
SLWGX	- 0.14	NEAIX
ARTSX	- 0.08	MSSGX

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
TFAGX	0.75	0.07	0.02	0.23	0.97	(0.82)	1.61	(1.60)	5.84
MSSGX	1.61	0.37	0.18	0.67	1.59	(1.98)	3.81	(2.32)	11.74
FCSGX	0.93	0.04	0.01	0.15	1.18	(0.93)	1.88	(1.66)	9.09
NEAIX	1.17	0.08	0.03	0.20	1.37	(1.27)	2.28	(2.06)	9.37
ARTSX	1.11	(0.08)	0.00	(0.02)	0.00	0.00	2.14	(2.77)	8.55
ASCGX	1.22	(0.02)	(0.02)	0.06	1.68	(1.20)	2.24	(2.34)	9.08
SLWGX	0.73	0.07	(0.02)	(0.77)	0.92	(0.80)	1.75	(1.42)	3.79

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