China Fund Correlations

Funds . USA . 
Fund . China Fund
CHN Fund  USD 15.52  0.22  1.44%   
The current 90-days correlation between China Fund and Central Europe Russia is -0.16 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as China Fund moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if China Fund moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

China Fund Correlation With Market

Modest diversification

The correlation between China Fund and DJI is 0.25 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding China Fund 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 China Fund. Also, note that the market value of any fund could be closely tied with the direction of predictive economic indicators such as signals in rate.

Moving together with China Fund

  0.61NHS Neuberger Berman HighPairCorr
  0.92GCMDX Goldman Sachs LocalPairCorr
  0.89GPPSX Goldman Sachs ShortPairCorr
  0.95ADNIX Amer Beacon Ark Steady GrowthPairCorr
  0.7FICMX Federated GovernmentPairCorr
  0.76BCPAX Brandes E PlusPairCorr
  0.87FLCNX Fidelity ContrafundPairCorr
  0.85FTZFX Fuller Thaler BehavioralPairCorr
  0.86NWOBX Nationwide DestinationPairCorr
  0.87QIBGX Federated Mdt BalancedPairCorr
  0.76IORLX Aim Taxexempt FundsPairCorr
  0.75FUFRX Franklin UtilitiesPairCorr
  0.93CHY Calamos Convertible AndPairCorr
  0.85TWGIX Growth Fund IPairCorr
  0.93KAMCX Kensington Managed IncomePairCorr
  0.86OAZMX Oakmark Fund R6PairCorr
  0.88JGMCX Janus TritonPairCorr
  0.9AONIX One Choice PortfolioPairCorr
  0.89BLARX Lord Abbett BalancedPairCorr
  0.83EISIX Eagle International StockPairCorr
  0.81TNBIX 1290 Smartbeta EquityPairCorr
  0.87CSGCX Calvert Balanced PorPairCorr
  0.86ETIMX Eventide Multi AssetPairCorr
  0.91MISMX Matthews Asia SmallPairCorr
  0.86OPTIX Oppenheimer CapitalPairCorr
  0.93BUBSX Baird Ultra ShortPairCorr
  0.9DCARX Dfa California MunicipalPairCorr
  0.92NBPIX Neuberger Berman LargePairCorr
  0.8ETJ Eaton Vance RiskPairCorr
  0.93FEFAX First Eagle FundPairCorr
  0.88BGHSX Brandywineglobal HighPairCorr
  0.9CLREX Columbia BalancedPairCorr
  0.83DPRRX Delaware ReitPairCorr
  0.83PGBEX Blue Chip FundPairCorr
  0.84APDMX Artisan Mid CapPairCorr
  0.89TEMUX Emerging Markets EquityPairCorr
  0.91FAHYX Fidelity Advisor HighPairCorr
  0.88PEO Adams Natural ResourcesPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between China Fund performing well and China Fund 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 China Fund'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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