Global Multi Correlations

Mutual Funds . USA . 
Fund . Global Multi Strategy Fund
PGLSX Fund  USD 11.57  0.02  0.17%   
The current 90-days correlation between Global Multi Strategy and Transamerica Intermediate Muni is 0.24 (i.e., Modest diversification). The correlation of Global Multi 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 Multi Correlation With Market

Very poor diversification

The correlation between Global Multi Strategy Fund and DJI is 0.81 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Global Multi Strategy Fund and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Global Multi Strategy Fund. 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 state.

Moving together with Global Mutual Fund

  0.98SABPX Strategic Asset ManaPairCorr
  0.98SACAX Strategic Asset ManaPairCorr
  0.98SAGPX Strategic Asset ManaPairCorr
  0.99PFIJX Strategic Asset ManaPairCorr
  0.94PFIEX International EquityPairCorr
  0.98PFIFX Strategic Asset ManaPairCorr
  0.97PFISX International Small PanyPairCorr
  0.98PFIPX Strategic Asset ManaPairCorr
  0.99SAIPX Strategic Asset ManaPairCorr
  0.98PFLJX Principal Lifetime 2050PairCorr
  0.97PFPPX Midcap GrowthPairCorr
  0.66PFRSX Real Estate SecuritiesPairCorr
  0.99SAUPX Strategic Asset ManaPairCorr
  0.98PFUMX Finisterre UnconstrainedPairCorr
  0.98PGBAX Global Diversified IncomePairCorr
  0.98PGBLX Global Diversified IncomePairCorr
  0.96PGBEX Blue Chip FundPairCorr
  0.96PGBGX Blue Chip FundPairCorr
  0.96PGBHX Blue Chip FundPairCorr
  0.98PGDCX Global Diversified IncomePairCorr
  0.98PGDIX Global Diversified IncomePairCorr
  0.95PGDRX Diversified Real AssetPairCorr
  0.93STCCX Short Term IncomePairCorr
  0.97PGRTX Smallcap GrowthPairCorr
  0.83PGRUX Global Real EstatePairCorr
  0.74PGSLX Principal Global SusPairCorr
  0.83PGRKX Global Real EstatePairCorr
  0.97PGWIX Midcap GrowthPairCorr
  0.98SCBPX Strategic Asset ManaPairCorr
  0.99SCIPX Strategic Asset ManaPairCorr
  0.98SCGPX Strategic Asset ManaPairCorr
  0.98PHJEX Principal Lifetime HybridPairCorr
  0.99PHJFX Principal Lifetime HybridPairCorr
  0.98PHJGX Principal Lifetime HybridPairCorr
  0.98PHJBX Principal Lifetime HybridPairCorr
  0.98PHJDX Principal Lifetime HybridPairCorr
  0.99PHJNX Principal Lifetime HybridPairCorr
  0.99PHJQX Principal Lifetime HybridPairCorr
  0.98PHJJX Principal Lifetime HybridPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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