Vontobel Global Correlations

Mutual Funds . USA . 
Fund . Vontobel Global Equity
VNGYX Fund   11.69  0.03  0.26%   
The current 90-days correlation between Vontobel Global Equity and Vontobel Global Environmental is 0.85 (i.e., Very poor 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

Poor diversification

The correlation between Vontobel Global Equity and DJI is 0.76 (i.e., Poor 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 manufacturing.

Moving together with Vontobel Mutual Fund

  0.98VNEAX Vontobel Global EnviPairCorr
  1.0VNGAX Vontobel Global EquityPairCorr
  0.99FNFPX American Funds NewPairCorr
  0.99FFPNX American Funds NewPairCorr
  0.99NPFCX New PerspectivePairCorr
  0.99ANWPX New PerspectivePairCorr
  0.99NPFFX New PerspectivePairCorr
  0.99CNPAX New PerspectivePairCorr
  0.99CNPEX New PerspectivePairCorr
  0.99CNPFX New PerspectivePairCorr
  0.99CNPCX New PerspectivePairCorr
  0.99RNPAX New PerspectivePairCorr
  0.97VTSAX Vanguard Total StockPairCorr
  0.97VFIAX Vanguard 500 IndexPairCorr
  0.97VTSMX Vanguard Total StockPairCorr
  0.97VSMPX Vanguard Total StockPairCorr
  0.97VSTSX Vanguard Total StockPairCorr
  0.97VITSX Vanguard Total StockPairCorr
  0.97VFINX Vanguard 500 IndexPairCorr
  0.97VFFSX Vanguard 500 IndexPairCorr
  0.98VGTSX Vanguard Total InterPairCorr
  0.98VTIAX Vanguard Total InterPairCorr
  0.81GUIRX Goldman Sachs DynamicPairCorr
  0.93RPNIX Riverpark/next CenturyPairCorr
  0.93NWKEX Nationwide Highmark SmallPairCorr
  0.93RPIDX T Rowe PricePairCorr
  0.97UINQX Usaa Nasdaq 100PairCorr
  0.97PDIAX Virtus Rampart EnhancedPairCorr
  0.96VWENX Vanguard WellingtonPairCorr
  0.95DIFGX Mfs Diversified IncomePairCorr
  0.97OTCNX Oppenheimer Cap ApprecPairCorr
  0.96ALCEX Avantis Large CapPairCorr
  0.96AKRSX Akre Focus FundPairCorr
  0.97TICSX Touchstone Small PanyPairCorr
  0.95FSPTX Technology PortfolioPairCorr
  0.94FEIPX Fa529 Eq InPairCorr
  0.98ASISX Invesco Asia PacificPairCorr
  0.91HCMQX Hcm Dividend SectorPairCorr
  0.94IEYAX Ivy Energy FundPairCorr

Related Correlations Analysis

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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.

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