Us Global Correlations

Mutual Funds . USA . 
Fund . Us Global Leaders
USLIX Fund  USD 85.35  0.51  0.59%   
The current 90-days correlation between Us Global Leaders and Tekla Healthcare Opportunities is 0.49 (i.e., Very weak diversification). The correlation of Us Global 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.

Us Global Correlation With Market

Poor diversification

The correlation between Us Global Leaders and DJI is 0.73 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Us Global Leaders 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 Us Global Leaders. 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 USLIX Mutual Fund

  0.75FRBCX Regional BankPairCorr
  0.72JQLAX Multimanager LifestylePairCorr
  0.74JQLGX Multimanager LifestylePairCorr
  0.79JRGRX Regional BankPairCorr
  0.68JRLQX Retirement Living ThroughPairCorr
  0.68JRLUX Multi Index 2045PairCorr
  0.74JRLZX Retirement Living ThroughPairCorr
  0.77JROUX J Hancock IiPairCorr
  0.74JAAFX Jhancock Multi IndexPairCorr
  0.74JAAJX Jhancock Multi IndexPairCorr
  0.77JAAVX Jhancock MultimanagerPairCorr
  0.65JRTMX Multi Index 2035PairCorr
  0.65JRTTX Retirement Living ThroughPairCorr
  0.71JRTVX Multi Index 2040PairCorr
  0.69JABQX John Hancock FundsPairCorr
  0.79JACFX John Hancock MidPairCorr
  0.7JSCNX John Hancock IiPairCorr
  0.85JSJAX Small Cap GrowthPairCorr
  0.77JSLAX Multimanager LifestylePairCorr
  0.81JBGAX Blue Chip GrowthPairCorr
  0.74JCLGX Multimanager LifestylePairCorr

Moving against USLIX Mutual Fund

  0.58JDVIX John Hancock DisciplinedPairCorr
  0.5JSNFX John Hancock IncomePairCorr

Related Correlations Analysis

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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   
ETAHX
+ 0.84
LYFAX
AHSCX
+ 0.81
LYFAX
LOGSX
+ 0.78
LYFAX
LOGSX
+ 0.75
AHSCX
ETAHX
+ 0.73
AHSCX
ETAHX
+ 0.6
THQ
  
High negative correlations   
LOGSX
- 0.56
HHCZX
HHCZX
- 0.36
THQ
HHCZX
- 0.34
LYFAX
HHCZX
- 0.19
AHSCX
HHCZX
- 0.03
ETAHX

Risk-Adjusted Indicators

There is a big difference between USLIX Mutual Fund performing well and Us Global 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 Us Global'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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