Multi-manager Global Correlations

Mutual Funds . USA . 
Fund . Multi Manager Global Real
NMMGX Fund  USD 10.73  0.06  0.56%   
The current 90-days correlation between Multi Manager Global and Us Government Securities is 0.43 (i.e., Very weak diversification). The correlation of Multi-manager 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.

Multi-manager Global Correlation With Market

Very weak diversification

The correlation between Multi Manager Global Real and DJI is 0.5 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Multi Manager Global Real 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 Multi Manager Global Real. 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 rate.

Moving together with Multi-manager Mutual Fund

  0.61NOFIX Northern Fixed IncomePairCorr
  0.7NOMIX Northern Mid CapPairCorr
  0.71NOSGX Northern Small CapPairCorr
  0.93NGREX Northern Global RealPairCorr
  0.97DFGEX Dfa Global RealPairCorr
  0.82VGRNX Vanguard Global ExPairCorr
  0.82DFITX Dfa International RealPairCorr
  0.82VGRLX Vanguard Global ExPairCorr
  0.98PGRKX Global Real EstatePairCorr
  0.98PGRUX Global Real EstatePairCorr
  0.78MGLAX Mfs Global RealPairCorr
  0.99MGLIX Mfs Global RealPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Multi-manager Mutual Fund performing well and Multi-manager 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 Multi-manager 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.

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