International Equity Correlations

Mutual Funds USA . 
Fund . International Equity Index
GIIYX Fund  USD 13.90  0.01  0.07%   
The current 90-days correlation between International Equity and Sa Worldwide Moderate is 0.9 (i.e., Almost no 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

Very poor diversification

The correlation between International Equity Index and DJI is 0.83 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding International Equity Index and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in International Equity Index. 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 manufacturing.

Moving together with International Mutual Fund

  0.97GCOZX Growth AllocationPairCorr
  0.95GDMYX Defensive Market StrPairCorr
  0.95GDMZX Defensive Market StrPairCorr
  0.82GVEYX Value Equity InstituPairCorr
  0.82GVEZX Value Equity InvestorPairCorr
  0.91GVIYX Guidestone Value EquityPairCorr
  0.91GVIZX Guidestone Value EquityPairCorr
  0.94GEIYX Guidestone Growth EquityPairCorr
  0.95GEIZX Guidestone Growth EquityPairCorr
  0.95GEMYX Emerging Markets EquityPairCorr
  0.95GEMZX Emerging Markets EquityPairCorr
  0.94GEQYX Equity Index InstituPairCorr
  0.94GEQZX Equity Index InvestorPairCorr
  0.95GFIZX Conservative AllocationPairCorr
  0.77GFSYX Strategic AlternativesPairCorr
  0.74GFSZX Strategic AlternativesPairCorr
  0.97GGBZX Aggressive AllocationPairCorr
  0.83GGBEX Global Bond FundPairCorr
  0.84GGBFX Global Bond FundPairCorr
  0.94GGEYX Guidestone Fds GrowthPairCorr
  0.94GGEZX Growth Equity InvestorPairCorr
  0.96GGIZX Balanced AllocationPairCorr
  0.97GGRYX Growth AllocationPairCorr
  1.0GIEYX International EquityPairCorr
  1.0GIEZX International EquityPairCorr
  1.0GIIZX Guidestone Funds IntPairCorr
  0.82GLDYX Low Duration BondPairCorr
  0.79GLDZX Low Duration BondPairCorr
  0.97GMFZX Mydestination 2045PairCorr
  0.98GMEYX Guidestone Funds ImpactPairCorr
  0.98GMEZX Guidestone Funds ImpactPairCorr
  0.97GMHYX Mydestination 2035PairCorr
  0.97GMHZX Mydestination 2035PairCorr
  0.97GMGYX Mydestination 2055PairCorr
  0.97GMGZX Mydestination 2055PairCorr

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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