International Strategic Correlations

Mutual Funds . USA . 
Fund . International Strategic Equities
STESX Fund  USD 15.79  0.07  0.45%   
The current 90-days correlation between International Strategic and Ab Global E is -0.18 (i.e., Good diversification). The correlation of International Strategic 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 Strategic Correlation With Market

Poor diversification

The correlation between International Strategic Equiti and DJI is 0.63 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding International Strategic Equiti and DJI in the same portfolio, assuming nothing else is changed.
  
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in International Strategic Equities. 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 International Mutual Fund

  0.95GCEAX Ab Global EPairCorr
  0.96GCECX Ab Global EPairCorr
  0.96GCEYX Ab Global EPairCorr
  0.97AMTAX Ab All MarketPairCorr
  0.97AMTZX Ab All MarketPairCorr
  0.97AMTYX Ab All MarketPairCorr
  0.98AMTOX Ab All MarketPairCorr
  0.81ANAZX Ab Global BondPairCorr
  0.81ANAYX Ab Global BondPairCorr
  0.77ANAGX Ab Global BondPairCorr
  0.81ANAIX Ab Global BondPairCorr
  0.8ANACX Ab Global BondPairCorr
  0.73ANBIX Ab Bond InflationPairCorr
  0.91ANIAX New York MunicipalPairCorr
  0.91ANIYX New York MunicipalPairCorr
  0.87ANMCX New York MunicipalPairCorr
  1.0STEYX International StrategicPairCorr
  1.0STEZX International StrategicPairCorr
  0.84STHAX Ab Sustainable ThematicPairCorr
  0.83STHYX Ab Sustainable ThematicPairCorr
  0.92SCAVX Ab Small CapPairCorr
  0.92SCCVX Ab Small CapPairCorr
  0.95SCRSX Small Cap CorePairCorr
  0.95SCRYX Small Cap CorePairCorr
  0.96SCRZX Small Cap CorePairCorr
  0.92SCYVX Ab Small CapPairCorr
  0.98APGZX Ab Large CapPairCorr
  0.98APGYX Ab Large CapPairCorr
  0.97APGAX Ab Large CapPairCorr
  0.98APGCX Ab Large CapPairCorr
  0.97SUTAX Ab Sustainable ThematicPairCorr
  0.96SUTCX Ab Sustainable ThematicPairCorr
  0.97SUTZX Ab Sustainable ThematicPairCorr
  0.97APWIX Ab Servative WealthPairCorr
  0.96CHCLX Ab Discovery GrowthPairCorr
  0.96CHCIX Ab Discovery GrowthPairCorr
  0.96CHCCX Ab Discovery GrowthPairCorr
  0.96CHCYX Ab Discovery GrowthPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between International Mutual Fund performing well and International Strategic 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 Strategic'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
GCEAX  0.59  0.22  0.04 (2.83) 0.47 
(0.63)
 1.64 
(1.29)
 4.74 
GCECX  0.56  0.10  0.09  0.30  0.33 
(0.64)
 1.63 
(0.95)
 4.77 
GCEYX  0.57  0.11  0.09  0.30  0.28 
(0.65)
 1.58 
(0.92)
 4.74 
AMTAX  0.36  0.14 (0.06)(3.13) 0.00 
(0.44)
 1.19 
(0.71)
 2.17 
AMTZX  0.36  0.14 (0.07)(2.87) 0.00 
(0.42)
 1.21 
(0.72)
 2.21 
AMTYX  0.37  0.15 (0.06)(2.99) 0.00 
(0.45)
 1.09 
(0.71)
 2.25 
AMTOX  0.37  0.10 (0.06) 0.52  0.00 
(0.44)
 1.19 
(0.68)
 2.18 
ANAZX  0.17  0.02 (0.62)(1.06) 0.01 
(0.25)
 0.44 
(0.29)
 0.88 
ANAYX  0.17  0.01 (0.64) 0.31  0.06 
(0.21)
 0.29 
(0.29)
 0.87 
ANAGX  0.16  0.02 (0.66)(1.14) 0.05 
(0.20)
 0.29 
(0.29)
 0.73 

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