Global Advantage Correlations

MSPTX Fund  USD 16.36  0.21  1.27%   
The current 90-days correlation between Global Advantage Por and Global Advantage Portfolio is 0.79 (i.e., Poor diversification). The correlation of Global Advantage 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.

Global Advantage Correlation With Market

Very weak diversification

The correlation between Global Advantage Portfolio and DJI is 0.47 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Global Advantage Portfolio 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 Global Advantage Portfolio. 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 estimate.

Moving together with Global Mutual Fund

  0.88FNFPX American Funds NewPairCorr
  0.88FFPNX American Funds NewPairCorr
  0.88NPFCX New PerspectivePairCorr
  0.88ANWPX New PerspectivePairCorr
  0.88NPFFX New PerspectivePairCorr
  0.88CNPAX New PerspectivePairCorr
  0.88CNPEX New PerspectivePairCorr
  0.88CNPFX New PerspectivePairCorr
  0.88CNPCX New PerspectivePairCorr
  0.88RNPAX New PerspectivePairCorr
  0.83BTMPX Ishares Msci EafePairCorr
  0.82MDIIX Blackrock Intern IndexPairCorr
  0.62IBM International BusinessPairCorr
  0.61CAT CaterpillarPairCorr

Moving against Global Mutual Fund

  0.59MCD McDonaldsPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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