International Growth Correlations

TWIEX Fund

USD 12.38 0.03 0.24%

The current 90-days correlation between International Growth and Europacific Growth Fund is -0.26 (i.e., Very good 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 0.55 (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 income.

Moving together with International Mutual Fund

0.95	ANTMX	Nt International Small	Pair Corr
1.0	TGRIX	International Growth	Pair Corr
0.72	ACDOX	American Century Div	Pair Corr
0.74	BGNMX	Ginnie Mae Fund	Pair Corr
0.77	ACITX	Inflation Adjusted Bond	Pair Corr
0.93	ACVDX	International Value	Pair Corr
0.73	ADVRX	Diversified Bond	Pair Corr

Moving against International Mutual Fund

0.6	TWHIX	Heritage Fund Investor	Pair Corr
0.51	TWCUX	Ultra Fund Investor	Pair Corr
0.47	TWCIX	Select Fund Investor	Pair Corr
0.47	TWUAX	Ultra Fund A	Pair Corr
0.45	TWCGX	Growth Fund Investor	Pair Corr
0.32	AAAUX	Strategic Allocation:	Pair Corr
0.58	ATHIX	Heritage Fund I	Pair Corr
0.43	AVLIX	Value Fund I	Pair Corr
0.4	ACLAX	Mid Cap Value	Pair Corr
0.38	ASQIX	Small Pany Fund Potential Growth	Pair Corr
0.37	ACIIX	Equity Income	Pair Corr
0.35	AAEVX	American Century One	Pair Corr
0.33	ACHFX	American Century High	Pair Corr

Related Correlations Analysis

	RERGX	444859BR2	AQUI	BRRAY	MSTSX	LBHIX	ABHYX	SCAXF	VIASP	144285AL7
RERGX		0.04	0.0	-0.39	0.5	0.07	0.29	0.53	-0.62	0.46	RERGX
444859BR2	0.04		0.0	0.3	-0.62	-0.59	-0.09	0.21	-0.34	0.08	444859BR2
AQUI	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	AQUI
BRRAY	-0.39	0.3	0.0		-0.5	-0.45	-0.44	-0.02	0.08	-0.24	BRRAY
MSTSX	0.5	-0.62	0.0	-0.5		0.72	0.4	0.03	-0.09	0.13	MSTSX
LBHIX	0.07	-0.59	0.0	-0.45	0.72		0.62	-0.21	0.17	-0.02	LBHIX
ABHYX	0.29	-0.09	0.0	-0.44	0.4	0.62		-0.01	-0.21	0.3	ABHYX
SCAXF	0.53	0.21	0.0	-0.02	0.03	-0.21	-0.01		-0.71	0.39	SCAXF
VIASP	-0.62	-0.34	0.0	0.08	-0.09	0.17	-0.21	-0.71		-0.52	VIASP
144285AL7	0.46	0.08	0.0	-0.24	0.13	-0.02	0.3	0.39	-0.52		144285AL7
	RERGX	444859BR2	AQUI	BRRAY	MSTSX	LBHIX	ABHYX	SCAXF	VIASP	144285AL7

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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

LBHIX	+ 0.72	MSTSX
ABHYX	+ 0.62	LBHIX
SCAXF	+ 0.53	RERGX
MSTSX	+ 0.5	RERGX
144285AL7	+ 0.46	RERGX
ABHYX	+ 0.4	MSTSX

High negative correlations

VIASP	- 0.71	SCAXF
MSTSX	- 0.62	444859BR2
VIASP	- 0.62	RERGX
LBHIX	- 0.59	444859BR2
144285AL7	- 0.52	VIASP
MSTSX	- 0.5	BRRAY

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
RERGX	0.61	(0.06)	0.00	1.72	0.00	0.00	1.14	(1.48)	4.02
444859BR2	1.32	0.04	0.00	0.04	0.00	0.00	5.93	(4.60)	16.62
AQUI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BRRAY	1.27	(0.10)	0.00	0.01	0.00	0.00	0.00	(2.98)	34.02
MSTSX	0.49	(0.03)	(0.09)	0.05	0.52	(0.59)	1.21	(1.02)	2.80
LBHIX	0.11	0.00	(0.27)	0.00	0.00	(0.29)	0.24	(0.24)	0.96
ABHYX	0.16	0.00	(0.17)	0.11	0.26	(0.23)	0.34	(0.33)	1.91
SCAXF	0.70	(0.40)	0.00	(1.01)	0.00	0.00	0.00	0.00	23.47
VIASP	0.75	0.14	0.04	(6.44)	1.01	(0.84)	2.28	(1.15)	7.18
144285AL7	0.36	(0.02)	0.00	4.40	0.00	0.00	0.96	(0.95)	2.51

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC