Guinness Atkinson Correlations

Mutual Funds . USA . 
Fund . Guinness Atkinson Asia
IASMX Fund  USD 18.21  0.25  1.39%   
The current 90-days correlation between Guinness Atkinson Asia and Guinness Atkinson Global is 0.17 (i.e., Average diversification). The correlation of Guinness Atkinson 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.

Guinness Atkinson Correlation With Market

Good diversification

The correlation between Guinness Atkinson Asia and DJI is -0.05 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Guinness Atkinson Asia 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 Guinness Atkinson Asia. 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 population.

Moving together with Guinness Mutual Fund

  0.99GINNX Guinness Atkinson GlobalPairCorr
  0.9ICHKX Guinness Atkinson ChinaPairCorr
  0.98IWIRX Guinness Atkinson GlobalPairCorr
  0.98GAAEX Guinness AtkinsonPairCorr
  0.91GAGEX Guinness Atkinson GlobalPairCorr
  0.98MAPTX Matthews Pacific TigerPairCorr
  0.99MIPTX Matthews Pacific TigerPairCorr
  0.98PNSIX T Rowe PricePairCorr
  0.99PRASX T Rowe PricePairCorr
  0.99TRZNX T Rowe PricePairCorr
  0.98FSEAX Fidelity Emerging AsiaPairCorr
  0.95ASIYX Invesco Asia PacificPairCorr
  0.95ASISX Invesco Asia PacificPairCorr
  0.91FSMMX Fs Multi StrategyPairCorr
  0.94BTMPX Ishares Msci EafePairCorr
  0.94BTMKX Blackrock InternationalPairCorr
  0.93MDIIX Blackrock Intern IndexPairCorr
  0.69SPMPX Invesco Steelpath MlpPairCorr
  0.7MLPNX Oppenheimer Steelpath MlpPairCorr
  0.67MLPMX Oppenheimer Steelpath MlpPairCorr
  0.68SPMJX Invesco Steelpath MlpPairCorr
  0.93PPILX Deutsche Short DurationPairCorr
  0.71PRTCX Real Return FundPairCorr
  0.98AMFCX American MutualPairCorr
  0.98SWEGX Schwab Markettrack AllPairCorr
  0.71FPHAX Pharmaceuticals PortfolioPairCorr
  0.95SITEX Sit Emerging MarketsPairCorr
  0.96QMLAX Quantified Market LeadersPairCorr
  0.98NTDSX Nationwide DestinationPairCorr
  0.98VFINX Vanguard 500 IndexPairCorr
  0.98CNPCX New PerspectivePairCorr
  0.97HSIIX Eagle Small CapPairCorr
  0.98SBQAX Americafirst Large CapPairCorr
  0.96GSFSX Goldman Sachs ShortPairCorr
  0.95PSHAX Short Term FundPairCorr
  0.98URFRX Target Retirement 2040PairCorr
  0.97ROFCX Royce OpportunityPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Guinness Mutual Fund performing well and Guinness Atkinson 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 Guinness Atkinson'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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