International Equity Correlations

Mutual Funds . USA . 
Fund . The International Equity
BINSX Fund  USD 15.11  0.05  0.33%   
The current 90-days correlation between The International Equity and College Retirement Equities is -0.06 (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

Poor diversification

The correlation between The International Equity and DJI is 0.64 (i.e., Poor 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 state.

Moving together with International Mutual Fund

  0.97BSGLX Long Term Steady GrowthPairCorr
  0.98BTLSX Baillie Gifford IntePairCorr
  0.98BTLKX Baillie Gifford IntePairCorr
  0.75BGALX Baillie Gifford GlobalPairCorr
  0.97BGCWX Baillie Gifford EafePairCorr
  0.99BGCJX Baillie Gifford EafePairCorr
  0.9BGCDX Baillie Gifford China Steady GrowthPairCorr
  0.9BGCBX Baillie Gifford China Steady GrowthPairCorr
  0.94BGEWX Baillie Gifford EmergingPairCorr
  0.98BGEVX Baillie Gifford EafePairCorr
  0.99BGETX Baillie Gifford EafePairCorr
  0.95BGEPX Baillie Gifford EmergingPairCorr
  0.98BGEKX Eafe FundPairCorr
  0.95BGELX Emerging MarketsPairCorr
  0.95BGEGX Baillie Gifford EmergingPairCorr
  0.98BGEFX Baillie Gifford EafePairCorr
  0.95BGEDX Baillie Gifford EmergingPairCorr
  0.96BGGKX Equity GrowthPairCorr
  1.0BGIUX Baillie Gifford IntePairCorr
  1.0BGIVX Baillie Gifford IntePairCorr
  1.0BGITX Baillie Gifford IntePairCorr
  0.99BGIKX The International EquityPairCorr
  1.0BGIFX Baillie Gifford IntePairCorr
  0.95BGKEX Emerging MarketsPairCorr
  0.97BGLTX Baillie Gifford Steady GrowthPairCorr
  0.97BGLKX Long Term Steady GrowthPairCorr
  0.99BGPKX Eafe PurePairCorr
  0.99BGPFX Baillie Gifford EafePairCorr
  0.96BICKX The International SmallerPairCorr
  0.95BICIX The International SmallerPairCorr
  0.98RERFX Europacific GrowthPairCorr
  0.98AEPFX Europacific GrowthPairCorr
  0.97CEUAX Europacific GrowthPairCorr
  0.99CEUCX Europacific GrowthPairCorr
  0.98RERCX Europacific GrowthPairCorr
  0.98REREX Europacific GrowthPairCorr
  0.98RERGX Europacific GrowthPairCorr

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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