International Equity Correlations

Mutual Funds . USA . 
Fund . The International Equity
BGIKX Fund  USD 15.08  0.15  1.00%   
The current 90-days correlation between The International Equity and Doubleline Total Return is -0.07 (i.e., Good diversification). The correlation of International Equity 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 Equity Correlation With Market

Good diversification

The correlation between The International Equity and DJI is -0.04 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding The International Equity and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in The International Equity. 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 industry.

Moving together with International Mutual Fund

  0.95BSGPX Eafe PurePairCorr
  0.95BSGLX Long TermPairCorr
  0.95BTLSX Baillie Gifford IntePairCorr
  0.95BTLKX Baillie Gifford IntePairCorr
  0.96BGAKX Global AlphaPairCorr
  0.94BGASX Global AlphaPairCorr
  0.96BGATX Baillie Gifford GlobalPairCorr
  0.99BGCWX Baillie Gifford EafePairCorr
  0.96BGCSX Eafe ChoicePairCorr
  0.96BGCJX Baillie Gifford EafePairCorr
  0.72BGCDX Baillie Gifford ChinaPairCorr
  0.72BGCBX Baillie Gifford ChinaPairCorr
  0.95BGEZX Baillie Gifford EmergingPairCorr
  0.95BGEWX Baillie Gifford EmergingPairCorr
  0.96BGEVX Baillie Gifford EafePairCorr
  0.99BGESX Eafe FundPairCorr
  0.96BGETX Baillie Gifford EafePairCorr
  0.95BGEPX Baillie Gifford EmergingPairCorr
  0.96BGEKX Eafe FundPairCorr
  0.95BGELX Emerging MarketsPairCorr
  0.94BGEGX Baillie Gifford EmergingPairCorr
  0.95BGEHX Baillie Gifford EmergingPairCorr
  0.99BGEFX Baillie Gifford EafePairCorr
  0.95BGEDX Baillie Gifford EmergingPairCorr
  0.93BGGSX Equity GrowthPairCorr
  0.95BGGKX Equity GrowthPairCorr
  1.0BGIUX Baillie Gifford IntePairCorr
  0.97BGIVX Baillie Gifford IntePairCorr
  0.97BGITX Baillie Gifford IntePairCorr
  0.97BGIFX Baillie Gifford IntePairCorr
  0.94BGKEX Emerging MarketsPairCorr
  0.95BGLTX Baillie GiffordPairCorr
  0.95BGLKX Long TermPairCorr
  0.98BGPKX Eafe PurePairCorr
  0.95BGPFX Baillie Gifford EafePairCorr
  0.95BICKX The International SmallerPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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