Global Bond Correlations

Mutual Funds . USA . 
Fund . Global Bond Fund
JIGDX Fund  USD 12.10  0.01  0.08%   
The current 90-days correlation between Global Bond Fund and Qs Growth Fund is 0.18 (i.e., Average diversification). The correlation of Global Bond 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.
  
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Global Bond Fund. 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 unemployment.

Moving together with Global Mutual Fund

  0.8FRBAX Regional BankPairCorr
  0.79FRBCX Regional BankPairCorr
  0.91JQLMX Multimanager LifestylePairCorr
  0.89JQLBX Multimanager LifestylePairCorr
  0.87JQLAX Multimanager LifestylePairCorr
  0.94JQLCX Multimanager LifestylePairCorr
  0.88JQLGX Multimanager LifestylePairCorr
  0.81JRBFX Regional BankPairCorr
  0.87JRETX J Hancock IiPairCorr
  0.81JRGRX Regional BankPairCorr
  0.94JRLDX Retirement Living ThroughPairCorr
  0.94JRLFX Multi Index 2010PairCorr
  0.93JRLIX Retirement Living ThroughPairCorr
  0.94JRLHX Retirement Living ThroughPairCorr
  0.93JRLKX Multi Index 2015PairCorr
  0.93JRLLX Retirement Living ThroughPairCorr
  0.92JRLOX Retirement Living ThroughPairCorr
  0.88JRLQX Retirement Living ThroughPairCorr
  0.92JRLPX Multi Index 2020PairCorr
  0.88JRLUX Multi Index 2045PairCorr
  0.88JRLWX Retirement Living ThroughPairCorr
  0.88JRLVX Retirement Living ThroughPairCorr
  0.88JRLZX Retirement Living ThroughPairCorr
  0.87JROUX J Hancock IiPairCorr
  0.88JRODX J Hancock IiPairCorr
  0.88JAAFX Jhancock Multi IndexPairCorr
  0.88JAAJX Jhancock Multi IndexPairCorr
  0.89JAAIX Alternative AssetPairCorr
  0.88JAAKX Jhancock Multi IndexPairCorr
  0.89JAAPX Alternative AssetPairCorr
  0.91JRTBX Retirement Living ThroughPairCorr
  0.92JRTAX Retirement Living ThroughPairCorr
  0.9JAARX Alternative AssetPairCorr
  0.91JRTDX Multi Index 2025PairCorr
  0.9JRTGX Retirement Living ThroughPairCorr
  0.91JRTFX Retirement Living ThroughPairCorr
  0.89JAASX Alternative AssetPairCorr
  0.9JRTIX Multi Index 2030PairCorr
  0.87JAAVX Jhancock MultimanagerPairCorr
  0.89JRTKX Retirement Living ThroughPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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