Vontobel Equity Correlations

Mutual Funds . USA . 
Fund . Vontobel Equity Y
VNUYX Fund   18.54  0.06  0.32%   
The current 90-days correlation between Vontobel Equity Y and Vontobel Global Environmental is 0.78 (i.e., Poor diversification). The correlation of Vontobel Equity 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 Equity Correlation With Market

Almost no diversification

The correlation between Vontobel Equity Y and DJI is 0.91 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vontobel Equity Y 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 Equity Y. 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
  0.99VNGIX Vontobel Global EquityPairCorr
  0.99VNGAX Vontobel Global EquityPairCorr
  0.99VNGYX Vontobel Global EquityPairCorr
  0.98VNEYX Vontobel Global EnviPairCorr
  0.96VNIAX Vontobel InternationalPairCorr
  0.96VNIIX Vontobel InternationalPairCorr
  0.96VNIYX Vontobel InternationalPairCorr
  0.98VTSAX Vanguard Total StockPairCorr
  0.98VFIAX Vanguard 500 IndexPairCorr
  0.98VTSMX Vanguard Total StockPairCorr
  0.98VITSX Vanguard Total StockPairCorr
  0.98VSMPX Vanguard Total StockPairCorr
  0.98VSTSX Vanguard Total StockPairCorr
  0.98VFINX Vanguard 500 IndexPairCorr
  0.98VFFSX Vanguard 500 IndexPairCorr
  0.98VINIX Vanguard InstitutionalPairCorr
  0.98VIIIX Vanguard InstitutionalPairCorr
  0.75NHS Neuberger Berman HighPairCorr
  0.99TPLIX Timothy Large/mip-capPairCorr
  0.61CMNZX Columbia Minnesota TaxPairCorr
  0.95CIBYX Columbia Income BuilderPairCorr
  0.98HADRX Horizon Defined RiskPairCorr
  0.92RITHX American High IncomePairCorr
  0.98GEGTX Columbia Large CapPairCorr
  0.97RNCOX Rivernorth E OpportunityPairCorr
  0.92LNGZX Columbia Greater China Steady GrowthPairCorr
  0.98MNEAX Mainstay Conservative EtfPairCorr
  0.95CBURX Columbia Income BuilderPairCorr
  0.94QDARX Aqr Diversified ArbitragePairCorr
  0.98CCQYX Columbia DisciplinedPairCorr
  0.98CGEOX Calamos Global EquityPairCorr
  0.99IVAEX Ivy Asset StrategyPairCorr
  0.88AAAQX Deutsche Real AssetsPairCorr
  0.98AVEAX Ave Maria FocusedPairCorr
  0.94BIGTX Texas FundPairCorr
  0.98EPSRX Mainstay Epoch GlobalPairCorr
  0.83PFRMX Pimco Inflation ResponsePairCorr
  0.98GRMAX Nationwide Sp 500PairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Vontobel Mutual Fund performing well and Vontobel Equity 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 Equity'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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