International Growth Correlations

Mutual Funds USA . 
Fund . International Growth Fund
TWGAX Fund  USD 13.93  0.01  0.07%   
The current 90-days correlation between International Growth and Needham Small Cap is -0.4 (i.e., Very good diversification). The correlation of International Growth 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 Growth Correlation With Market

Very good diversification

The correlation between International Growth Fund and DJI is -0.31 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding International Growth Fund 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 Growth 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 nation.

Moving together with International Mutual Fund

  0.91AMDVX Mid Cap ValuePairCorr
  0.89AMEIX Equity GrowthPairCorr
  0.88AMGIX Income GrowthPairCorr
  0.91AMKIX Emerging MarketsPairCorr
  0.91TWADX Value Fund APairCorr
  0.89TWCCX Ultra Fund CPairCorr
  0.93TWCAX Select Fund APairCorr
  0.89TWCIX Select Fund InvestorPairCorr
  0.93TWCGX Growth Fund InvestorPairCorr
  0.66TWAVX Short Term GovernmentPairCorr
  0.86AMVYX Mid Cap ValuePairCorr
  0.86AMVRX Mid Cap ValuePairCorr
  0.88TWBIX Balanced Fund InvestorPairCorr
  0.86AMVGX Mid Cap ValuePairCorr
  0.89TWEAX Equity IncomePairCorr
  0.84TWEIX Equity IncomePairCorr
  0.93TWCUX Ultra Fund InvestorPairCorr
  0.89TWGIX Growth Fund IPairCorr
  0.94TWGGX Global GrowthPairCorr
  0.97TWIEX International GrowthPairCorr
  0.92TWHIX Heritage Fund InvestorPairCorr
  0.92TWMIX Emerging MarketsPairCorr
  0.89TWRCX Growth Fund CPairCorr
  0.87TWTCX Intermediate Term TaxPairCorr
  0.88TWTIX Intermediate Term TaxPairCorr
  0.92TWSCX Strategic Allocation:PairCorr
  0.93TWSAX Strategic Allocation:PairCorr
  0.93TWSMX Strategic Allocation:PairCorr
  0.89TWSIX Select Fund IPairCorr
  0.66TWUSX Short Term GovernmentPairCorr
  0.86TWVLX Value Fund InvestorPairCorr
  0.93TWUAX Ultra Fund APairCorr
  0.89TWUIX Ultra Fund IPairCorr
  0.65TWUOX Short Term GovernmentPairCorr
  0.83TWWOX Intermediate Term TaxPairCorr
  0.91NPHIX High Income FundPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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