Global Strategist Correlations

MPBAX Fund

USD 20.17 0.11 0.55%

The current 90-days correlation between Global Strategist and Virtus Real Estate is 0.41 (i.e., Very weak diversification). The correlation of Global Strategist 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 Correlation Analysis to better understand how to build diversified portfolios. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as various price indices.

Moving together with Global Mutual Fund

0.88	RIRAX	Capital Income Builder	Pair Corr
0.89	RIREX	Capital Income Builder	Pair Corr
0.89	RIRCX	Capital Income Builder	Pair Corr
0.89	RIRFX	Capital Income Builder	Pair Corr
0.89	CIRCX	Capital Income Builder	Pair Corr
0.89	CIREX	Capital Income Builder	Pair Corr
0.88	RIRBX	Capital Income Builder	Pair Corr
0.89	CAIFX	Capital Income Builder	Pair Corr
0.89	CIRFX	Capital Income Builder	Pair Corr
0.89	CIRAX	Capital Income Builder	Pair Corr
0.65	FTCAX	Templeton Strained Bond	Pair Corr
0.92	FPXIX	Fidelity Advisor 529	Pair Corr
0.81	GPICX	Guidepath Conservative	Pair Corr
0.92	GE	GE Aerospace	Pair Corr
0.68	AXP	American Express	Pair Corr
0.67	BAC	Bank of America	Pair Corr
0.8	INTC	Intel Aggressive Push	Pair Corr
0.72	CAT	Caterpillar	Pair Corr

Moving against Global Mutual Fund

0.96	USPIX	Profunds Ultrashort Downward Rally	Pair Corr
0.95	USPSX	Profunds Ultrashort Downward Rally	Pair Corr
0.35	PDI	Pimco Dynamic Income	Pair Corr
0.66	VZ	Verizon Communications	Pair Corr
0.56	PG	Procter Gamble	Pair Corr
0.54	MCD	McDonalds	Pair Corr
0.41	BA	Boeing	Pair Corr
0.35	CVX	Chevron Corp Sell-off Trend	Pair Corr
0.33	DIS	Walt Disney	Pair Corr

Related Correlations Analysis

	VRREX	PNDIX	PJEAX	NMMRF	PGRUX
VRREX		0.11	0.97	0.12	0.94	VRREX
PNDIX	0.11		0.17	0.02	-0.12	PNDIX
PJEAX	0.97	0.17		0.2	0.92	PJEAX
NMMRF	0.12	0.02	0.2		0.14	NMMRF
PGRUX	0.94	-0.12	0.92	0.14		PGRUX
	VRREX	PNDIX	PJEAX	NMMRF	PGRUX

Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

PJEAX	+ 0.97	VRREX
PGRUX	+ 0.94	VRREX
PGRUX	+ 0.92	PJEAX
NMMRF	+ 0.2	PJEAX
PJEAX	+ 0.17	PNDIX
PGRUX	+ 0.14	NMMRF

High negative correlations

PGRUX

- 0.12

PNDIX

Risk-Adjusted Indicators

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

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
VRREX	0.61	0.00	(0.01)	0.03	0.82	(0.63)	1.34	(1.29)	3.92
PNDIX	0.04	0.02	0.00	(4.25)	0.00	0.00	0.10	0.00	0.10
PJEAX	0.64	0.01	0.00	0.04	0.80	(0.66)	1.36	(1.42)	3.75
NMMRF	0.07	0.02	0.00	2.39	0.00	0.00	0.00	0.00	2.32
PGRUX	0.51	(0.02)	(0.03)	(0.02)	0.70	(0.55)	1.03	(1.13)	3.44

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