International Investors Correlations

Mutual Funds . USA . 
Fund . International Investors Gold
IIGCX Fund  USD 13.47  0.11  0.81%   
The current 90-days correlation between International Investors and Alternative Asset Allocation is 0.02 (i.e., Significant diversification). The correlation of International Investors 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 Investors Correlation With Market

Very good diversification

The correlation between International Investors Gold and DJI is -0.42 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding International Investors Gold 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 Investors Gold. 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 main economic indicators.

Moving together with International Mutual Fund

  0.62EMBAX Unconstrained EmergingPairCorr
  0.88INIVX International InvestorsPairCorr
  1.0INIIX International InvestorsPairCorr
  0.72GHAIX Global Hard AssetsPairCorr
  0.87SGGDX First Eagle Gold Steady GrowthPairCorr
  0.87FEGIX First Eagle Gold Steady GrowthPairCorr
  0.86FEGOX First Eagle Gold Steady GrowthPairCorr
  0.86OPGSX Oppenheimer Gold Spec Steady GrowthPairCorr
  0.95OGMCX Oppenheimer Gold Special Steady GrowthPairCorr
  0.99FSAGX Gold Portfolio Gold Steady GrowthPairCorr
  0.87FIJDX Gold Portfolio Fidelity Steady GrowthPairCorr
  0.64FTCAX Templeton Strained BondPairCorr
  0.66TEIMX T Rowe PricePairCorr

Moving against International Mutual Fund

  0.79TCTGX Transamerica CleartrackPairCorr
  0.79TCTJX Transamerica CleartrackPairCorr
  0.78TDKTX Cleartrack 2015 ClassPairCorr
  0.45USPSX Profunds UltrashortPairCorr
  0.81TCSUX Cleartrack 2020 ClassPairCorr
  0.45USPIX Profunds UltrashortPairCorr
  0.35UIPIX Ultrashort Mid CapPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between International Mutual Fund performing well and International Investors 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 Investors' 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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