Global Strategy Correlations

Mutual Funds . USA . 
Fund . Global Strategy Fund
VGLSX Fund  USD 12.22  0.04  0.33%   
The current 90-days correlation between Global Strategy and Chase Growth Fund is 0.5 (i.e., Very weak diversification). The correlation of Global Strategy 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 Strategy Correlation With Market

Almost no diversification

The correlation between Global Strategy Fund and DJI is 0.92 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Global Strategy 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 Global Strategy 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 main economic indicators.

Moving together with Global Mutual Fund

  0.94VMIDX Mid Cap IndexPairCorr
  0.63VMSGX Mid Cap StrategicPairCorr
  0.77VSRDX Valic Company IPairCorr
  0.8VSTIX Stock Index FundPairCorr
  0.92VSSVX Small Cap SpecialPairCorr
  0.97VBCVX Broad Cap ValuePairCorr
  0.75VCBDX Valic Company IPairCorr
  0.97VCGEX Emerging EconomiesPairCorr
  0.97VCFVX Foreign ValuePairCorr
  0.98VCIEX International EquitiesPairCorr
  0.88VCIFX International GovernmentPairCorr
  0.97VCIGX Valic Company IPairCorr
  0.79VCINX International GrowthPairCorr
  0.97VCSOX Global Social AwarenessPairCorr
  0.9VCSLX Small Cap IndexPairCorr
  0.8VDAFX Dynamic AllocationPairCorr
  0.92VVMCX Valic Company IPairCorr
  0.75VVSGX Valic Company IPairCorr
  0.94VVSCX Valic Company IPairCorr
  0.96VGCLX Valic Company IPairCorr
  0.8VGREX Global Real EstatePairCorr
  0.96VHYLX Valic Company IPairCorr
  0.97VIOPX Valic Company IPairCorr
  0.96VLAGX Valic Company IPairCorr
  0.66VLCGX Large Capital GrowthPairCorr
  0.96VLSMX Valic Company IPairCorr
  0.95CIBCX Capital Income BuilderPairCorr
  0.95CIBFX Capital Income BuilderPairCorr
  0.93CAIBX Capital Income BuilderPairCorr
  0.95RIRAX Capital Income BuilderPairCorr

Moving against Global Mutual Fund

  0.31VAPPX Valic Company IPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

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