Global Diversified Correlations

PGDIX Fund

USD 11.83 0.01 0.08%

The current 90-days correlation between Global Diversified Income and Franklin High Yield is 0.23 (i.e., Modest diversification). The correlation of Global Diversified 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.

Check out Your Equity Center to better understand how to build diversified portfolios. 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 gross domestic product.

Moving together with Global Mutual Fund

0.84	PGBAX	Global Diversified Income	Pair Corr
0.64	PGBLX	Global Diversified Income	Pair Corr
0.81	PGDCX	Global Diversified Income	Pair Corr
0.62	SCIPX	Strategic Asset Mana	Pair Corr

Related Correlations Analysis

	FHYIX	GHVIX	DHGCX	UIITX	USCBX	CBOEX	MSTBX	TTRBX
FHYIX		0.7	0.86	0.81	0.98	0.67	0.85	0.88	FHYIX
GHVIX	0.7		0.65	0.63	0.68	0.57	0.75	0.76	GHVIX
DHGCX	0.86	0.65		0.86	0.85	0.72	0.88	0.92	DHGCX
UIITX	0.81	0.63	0.86		0.85	0.93	0.9	0.89	UIITX
USCBX	0.98	0.68	0.85	0.85		0.72	0.86	0.87	USCBX
CBOEX	0.67	0.57	0.72	0.93	0.72		0.86	0.78	CBOEX
MSTBX	0.85	0.75	0.88	0.9	0.86	0.86		0.9	MSTBX
TTRBX	0.88	0.76	0.92	0.89	0.87	0.78	0.9		TTRBX
	FHYIX	GHVIX	DHGCX	UIITX	USCBX	CBOEX	MSTBX	TTRBX

Risk-Adjusted Indicators

There is a big difference between Global Mutual Fund performing well and Global Diversified 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 Diversified'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
FHYIX	0.15	0.06	(0.13)	7.40	0.00	(0.26)	0.45	(0.22)	0.91
GHVIX	0.14	0.02	(0.30)	0.61	0.00	(0.17)	0.28	(0.22)	0.78
DHGCX	0.11	0.01	(0.45)	0.23	0.00	(0.13)	0.25	(0.20)	0.71
UIITX	0.16	0.02	(0.24)	0.57	0.07	(0.20)	0.33	(0.32)	0.97
USCBX	0.14	0.07	(0.06)	3.30	0.00	(0.23)	0.50	(0.19)	1.11
CBOEX	0.11	0.01	(0.50)	(5.69)	0.00	(0.15)	0.24	(0.16)	0.63
MSTBX	0.08	0.01	(0.53)	0.42	0.00	(0.13)	0.20	(0.10)	0.41
TTRBX	0.11	0.01	(0.48)	0.26	0.00	(0.14)	0.20	(0.20)	0.60

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Global Diversified Correlations

Moving together with Global Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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