Clough Global Correlations

Funds . USA . 
Fund . Clough Global Allocation
GLV Fund  USD 5.59  0.02  0.36%   
The current 90-days correlation between Clough Global Allocation and Clough Global Ef is 0.66 (i.e., Poor diversification). The correlation of Clough Global 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.

Clough Global Correlation With Market

Poor diversification

The correlation between Clough Global Allocation 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 Clough Global Allocation 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 Clough Global Allocation. Also, note that the market value of any fund could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

Moving together with Clough Fund

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  0.98APDMX Artisan Mid CapPairCorr
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  0.96FTZFX Fuller Thaler BehavioralPairCorr
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  0.96MISMX Matthews Asia SmallPairCorr
  0.98EISIX Eagle International StockPairCorr
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  0.97BGHSX Brandywineglobal HighPairCorr
  0.98ETIMX Eventide Multi AssetPairCorr
  0.98TWGIX Growth Fund IPairCorr
  0.9DCARX Dfa California MunicipalPairCorr
  0.99NWOBX Nationwide DestinationPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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