Vontobel Global Correlations

VNGIX Fund

11.64 0.03 0.26%

The current 90-days correlation between Vontobel Global Equity and Inflation Protected Bond Fund is 0.47 (i.e., Very weak diversification). The correlation of Vontobel Global 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.

Vontobel Global Correlation With Market

Very weak diversification

The correlation between Vontobel Global Equity and DJI is 0.55 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vontobel Global Equity 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 Vontobel Global Equity. 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 Vontobel Mutual Fund

0.97	FNFPX	American Funds New	Pair Corr
0.97	FFPNX	American Funds New	Pair Corr
0.97	NPFCX	New Perspective	Pair Corr
0.97	ANWPX	New Perspective	Pair Corr
0.97	NPFFX	New Perspective	Pair Corr
0.97	CNPAX	New Perspective	Pair Corr
0.97	CNPEX	New Perspective	Pair Corr
0.97	CNPFX	New Perspective	Pair Corr
0.97	CNPCX	New Perspective	Pair Corr
0.97	RNPAX	New Perspective	Pair Corr
0.82	FSMMX	Fs Multi Strategy	Pair Corr
0.95	BTMPX	Ishares Msci Eafe	Pair Corr
0.95	BTMKX	Blackrock International	Pair Corr
0.95	MDIIX	Blackrock Intern Index	Pair Corr
0.67	IBM	International Business	Pair Corr
0.64	CAT	Caterpillar	Pair Corr

Moving against Vontobel Mutual Fund

0.51

MCD

McDonalds

Pair Corr

Related Correlations Analysis

	IPBAX	TIIHX	MXIHX	TIILX	ABNCX	LIFAX	HIPAX
IPBAX		0.73	0.78	0.73	0.43	0.83	0.79	IPBAX
TIIHX	0.73		0.99	1.0	0.59	0.92	0.99	TIIHX
MXIHX	0.78	0.99		0.99	0.59	0.95	0.99	MXIHX
TIILX	0.73	1.0	0.99		0.65	0.92	0.99	TIILX
ABNCX	0.43	0.59	0.59	0.65		0.56	0.59	ABNCX
LIFAX	0.83	0.92	0.95	0.92	0.56		0.95	LIFAX
HIPAX	0.79	0.99	0.99	0.99	0.59	0.95		HIPAX
	IPBAX	TIIHX	MXIHX	TIILX	ABNCX	LIFAX	HIPAX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Vontobel Mutual Fund performing well and Vontobel Global 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 Vontobel Global'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
IPBAX	0.25	0.03	(0.37)	0.50	0.20	(0.29)	0.49	(0.57)	1.36
TIIHX	0.15	0.02	(0.70)	(0.62)	0.14	(0.16)	0.28	(0.28)	0.94
MXIHX	0.15	0.02	(0.72)	(7.59)	0.02	(0.19)	0.32	(0.33)	0.76
TIILX	0.16	0.02	(0.70)	(0.29)	0.17	(0.17)	0.28	(0.37)	0.94
ABNCX	0.15	0.02	(0.63)	(14.44)	0.08	(0.17)	0.30	(0.39)	1.09
LIFAX	0.11	0.03	(0.94)	(1.07)	0.00	(0.15)	0.26	(0.17)	0.94
HIPAX	0.16	0.03	(0.70)	(0.89)	0.09	(0.19)	0.30	(0.40)	0.99

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