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

0.88	FNFPX	American Funds New	Pair Corr
0.88	FFPNX	American Funds New	Pair Corr
0.88	NPFCX	New Perspective	Pair Corr
0.88	ANWPX	New Perspective	Pair Corr
0.88	NPFFX	New Perspective	Pair Corr
0.88	CNPAX	New Perspective	Pair Corr
0.88	CNPEX	New Perspective	Pair Corr
0.88	CNPFX	New Perspective	Pair Corr
0.88	CNPCX	New Perspective	Pair Corr
0.88	RNPAX	New Perspective	Pair Corr
0.83	BTMPX	Ishares Msci Eafe	Pair Corr
0.82	MDIIX	Blackrock Intern Index	Pair Corr
0.62	IBM	International Business	Pair Corr
0.61	CAT	Caterpillar	Pair Corr

Moving against Global Mutual Fund

0.59

MCD

McDonalds

Pair Corr

Related Correlations Analysis

	MIGIX	MIGPX	SCATX	ILLLX	INPSX
MIGIX		0.48	0.58	0.48	0.97	MIGIX
MIGPX	0.48		0.87	1.0	0.44	MIGPX
SCATX	0.58	0.87		0.88	0.58	SCATX
ILLLX	0.48	1.0	0.88		0.45	ILLLX
INPSX	0.97	0.44	0.58	0.45		INPSX
	MIGIX	MIGPX	SCATX	ILLLX	INPSX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
MIGIX	1.23	0.18	0.18	0.35	0.82	(1.53)	3.53	(1.49)	8.40
MIGPX	1.12	0.16	0.10	0.41	0.86	(1.39)	2.46	(1.52)	8.42
SCATX	0.93	0.21	0.16	0.49	0.55	(1.13)	2.37	(1.17)	7.64
ILLLX	1.13	0.22	0.14	0.52	0.86	(1.47)	2.56	(1.62)	8.39
INPSX	1.38	0.59	0.24	(1.53)	0.89	(1.84)	4.16	(1.95)	8.22

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