International Equities Correlations

Mutual Funds . USA . 
Fund . International Equities Index
VCIEX Fund  USD 9.15  0.01  0.11%   
The current 90-days correlation between International Equities and Blackrock Global Longshort is -0.05 (i.e., Good diversification). The correlation of International Equities 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 Equities Correlation With Market

Very weak diversification

The correlation between International Equities Index and DJI is 0.58 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding International Equities Index 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 Equities Index. 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 income.

Moving together with International Mutual Fund

  0.93VMIDX Mid Cap IndexPairCorr
  0.96VMSGX Mid Cap StrategicPairCorr
  0.95VAPPX Valic Company IPairCorr
  0.95VSRDX Valic Company IPairCorr
  0.95VSTIX Stock Index FundPairCorr
  0.83VSSVX Small Cap SpecialPairCorr
  0.95VBCVX Broad Cap ValuePairCorr
  0.93VCAAX Asset AllocationPairCorr
  0.66VCBDX Valic Company IPairCorr
  0.95VCBCX Blue Chip GrowthPairCorr
  0.95VCGAX Growth IncomePairCorr
  0.95VCGEX Emerging EconomiesPairCorr
  0.99VCFVX Foreign ValuePairCorr
  0.65VCIFX International GovernmentPairCorr
  0.94VCIGX Valic Company IPairCorr
  0.97VCINX International GrowthPairCorr
  0.95VCNIX Nasdaq 100 IndexPairCorr
  0.95VCSTX Science TechnologyPairCorr
  0.7VCTPX Inflation ProtectedPairCorr
  0.98VCSOX Global Social AwarenessPairCorr
  0.93VCSLX Small Cap IndexPairCorr
  0.95VDAFX Dynamic AllocationPairCorr
  0.93VVMCX Valic Company IPairCorr
  0.96VVSGX Valic Company IPairCorr
  0.88VVSCX Valic Company IPairCorr
  0.94VGCLX Valic Company IPairCorr
  0.97VGLSX Global StrategyPairCorr
  0.93VGREX Global Real EstatePairCorr
  0.94VHYLX Valic Company IPairCorr
  0.96VIOPX Valic Company IPairCorr
  0.96VLAGX Valic Company IPairCorr
  0.95VLCGX Large Capital GrowthPairCorr
  0.96VLSMX Valic Company IPairCorr
  0.98VGTSX Vanguard Total InterPairCorr
  0.98VTIAX Vanguard Total InterPairCorr
  0.98VTSNX Vanguard Total InterPairCorr
  0.99VTPSX Vanguard Total InterPairCorr
  0.98VTISX Vanguard Total InterPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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