Mondrian Global Correlations

MPGVX Fund

USD 15.96 0.02 0.13%

The current 90-days correlation between Mondrian Global Equity and Mondrian Emerging Markets is -0.19 (i.e., Good diversification). The correlation of Mondrian 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.

Mondrian Global Correlation With Market

Very poor diversification

The correlation between Mondrian Global Equity and DJI is 0.84 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mondrian Global Equity and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Mondrian Global Equity. 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 real.

Moving together with Mondrian Mutual Fund

0.98	MPEMX	Mondrian Emerging Markets	Pair Corr
0.92	MPIEX	Mondrian International	Pair Corr
0.97	MGIFX	Mondrian Global Listed	Pair Corr
0.73	TEDRX	Franklin Mutual Global	Pair Corr
0.72	FMDRX	Franklin Mutual Global	Pair Corr
1.0	DOXWX	Dodge Cox Global	Pair Corr
0.68	DODWX	Dodge Global Stock	Pair Corr
0.94	TRZRX	T Rowe Price	Pair Corr
0.99	TEDIX	Franklin Mutual Global	Pair Corr
0.99	MDISX	Franklin Mutual Global	Pair Corr
0.73	TEDSX	Franklin Mutual Global	Pair Corr
0.62	PRAFX	T Rowe Price	Pair Corr
0.99	BEGRX	Franklin Mutual Beacon	Pair Corr
0.63	GAAKX	Gmo Alternative Allo	Pair Corr
0.62	GAAGX	Gmo Alternative Allo	Pair Corr
0.98	ANTSX	Nt International Small	Pair Corr
0.97	EMF	Templeton Emerging	Pair Corr
0.99	LZUSX	Lazard Strategic Equity	Pair Corr
0.88	FMVFX	Matson Money Fixed	Pair Corr
0.98	BXICX	Barings Global Credit	Pair Corr
0.94	HSNFX	The Hartford Strategic	Pair Corr
0.97	PISQX	Columbia Pyrford Int	Pair Corr
0.85	DODLX	Dodge Global Bond	Pair Corr
0.61	FODVX	Oklahoma College Savings	Pair Corr
0.97	RHYCX	Victory High Yield	Pair Corr
0.99	HDVRX	Hartford International	Pair Corr
0.97	GQGIX	Gqg Partners Emerg	Pair Corr
0.93	SCUVX	Hartford Schroders Small	Pair Corr
0.99	VIGRX	Vanguard Growth Index	Pair Corr
0.96	RIVDX	American Funds Inter	Pair Corr
0.92	LALDX	Lord Abbett Short	Pair Corr
1.0	GMGZX	Mydestination 2055	Pair Corr
0.98	JRTNX	Retirement Living Through	Pair Corr

Moving against Mondrian Mutual Fund

0.36

GPMFX

Guidepath Managed Futures

Pair Corr

Related Correlations Analysis

	MPEMX	MPGVX	MPIEX	MGIFX	DASPX	PLTJX	GCFUX	FMOKX	RBCRX	CDDYX
MPEMX		0.98	0.89	0.96	0.98	0.99	0.67	0.99	0.95	0.97	MPEMX
MPGVX	0.98		0.92	0.97	0.97	0.98	0.68	1.0	0.93	0.99	MPGVX
MPIEX	0.89	0.92		0.89	0.84	0.88	0.58	0.9	0.86	0.86	MPIEX
MGIFX	0.96	0.97	0.89		0.96	0.96	0.72	0.97	0.87	0.96	MGIFX
DASPX	0.98	0.97	0.84	0.96		0.99	0.67	0.98	0.93	0.98	DASPX
PLTJX	0.99	0.98	0.88	0.96	0.99		0.7	0.99	0.94	0.98	PLTJX
GCFUX	0.67	0.68	0.58	0.72	0.67	0.7		0.71	0.55	0.7	GCFUX
FMOKX	0.99	1.0	0.9	0.97	0.98	0.99	0.71		0.93	0.99	FMOKX
RBCRX	0.95	0.93	0.86	0.87	0.93	0.94	0.55	0.93		0.91	RBCRX
CDDYX	0.97	0.99	0.86	0.96	0.98	0.98	0.7	0.99	0.91		CDDYX
	MPEMX	MPGVX	MPIEX	MGIFX	DASPX	PLTJX	GCFUX	FMOKX	RBCRX	CDDYX

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Risk-Adjusted Indicators

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

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
MPEMX	0.50	0.27	0.23	(14.13)	0.00	(0.65)	1.48	(0.79)	3.59
MPGVX	0.52	0.11	0.10	0.31	0.24	(0.63)	1.36	(0.96)	3.43
MPIEX	0.57	0.10	0.01	0.50	0.51	(0.63)	1.17	(1.15)	3.10
MGIFX	0.47	0.15	0.07	0.85	0.16	(0.54)	1.08	(0.84)	2.36
DASPX	0.63	0.24	0.11	(4.24)	0.55	(0.75)	1.59	(1.30)	4.74
PLTJX	0.35	0.15	0.01	(2.50)	0.03	(0.38)	1.13	(0.67)	2.55
GCFUX	0.25	0.00	(0.33)	0.18	0.25	(0.27)	0.55	(0.55)	1.11
FMOKX	0.37	0.10	0.07	0.34	0.00	(0.43)	1.25	(0.76)	2.47
RBCRX	0.83	0.22	0.08	(35.52)	0.67	(1.04)	2.78	(1.62)	5.89
CDDYX	0.53	0.04	0.00	0.19	0.48	(0.61)	1.47	(1.00)	3.51

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