International Equity Correlations

Mutual Funds . USA . 
Fund . International Equity Portfolio
MSQLX Fund  USD 11.37  0.05  0.44%   
The current 90-days correlation between International Equity and Qs Large Cap is 0.66 (i.e., Poor diversification). The correlation of International Equity 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.

International Equity Correlation With Market

Poor diversification

The correlation between International Equity Portfolio and DJI is 0.61 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding International Equity 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 International Equity 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 bureau of economic analysis.

Moving together with International Mutual Fund

  0.95TEMUX Emerging Markets EquityPairCorr
  0.8DINDX Global Fixed IncomePairCorr
  0.77DINCX Global Fixed IncomePairCorr
  0.81DINAX Global Fixed IncomePairCorr
  0.95MLMAX Global E PortfolioPairCorr
  0.95MLMCX Global E PortfolioPairCorr
  0.97MLNSX Global Centrated PorPairCorr
  0.96MLMIX Global E PortfolioPairCorr
  0.96MLMSX Global E PortfolioPairCorr
  0.97MLNCX Global Centrated PorPairCorr
  0.97MLNAX Global Centrated PorPairCorr
  0.97MLNIX Global Centrated PorPairCorr
  0.96MMCGX Mid Cap GrowthPairCorr
  0.96MMKBX Emerging Markets PorPairCorr
  0.96MMMPX Msif Emerging MarketsPairCorr
  0.98MNOPX International OpportunityPairCorr
  0.93THYUX High Yield FundPairCorr
  0.99TIEUX International EquityPairCorr
  0.61TILUX Inflation Linked FixedPairCorr
  0.78MORGX Morgan Stanley MortgagePairCorr
  0.96MPAIX Advantage Portfolio ClassPairCorr
  0.96MPBAX Global StrategistPairCorr
  0.78MPFDX Corporate Bond PortfolioPairCorr
  0.96MPEGX Mid Cap GrowthPairCorr
  0.96MRGEX Msif Emerging MarketsPairCorr
  0.71MRJCX Real Assets PortfolioPairCorr
  0.75MRJAX Real Assets PortfolioPairCorr
  0.75MRJIX Real Assets PortfolioPairCorr
  0.94MRHYX Msift High YieldPairCorr
  0.73MRJSX Real Assets PortfolioPairCorr
  0.98MRNPX Msif InternationalPairCorr
  0.92MAAQX Morgan Stanley InstiPairCorr
  0.92MAAUX Morgan Stanley InstiPairCorr
  0.92MAADX Morgan Stanley InstiPairCorr
  0.93MAAOX Morgan Stanley InstiPairCorr
  0.96MADSX Msif Advantage PortPairCorr
  0.96MACGX Mid Cap GrowthPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between International Mutual Fund performing well and International Equity 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 International Equity'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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