Global Alpha Correlations

Mutual Funds . USA . 
Fund . The Global Alpha
BGAKX Fund  USD 17.19  0.03  0.17%   
The current 90-days correlation between Global Alpha and L Abbett Growth is -0.1 (i.e., Good diversification). The correlation of Global Alpha 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.

Global Alpha Correlation With Market

Good diversification

The correlation between The Global Alpha and DJI is -0.08 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding The Global Alpha and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in The Global Alpha. 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 industry.

Moving together with Global Mutual Fund

  0.9BSGPX Eafe PurePairCorr
  0.95BSGLX Long TermPairCorr
  0.98BTLSX Baillie Gifford IntePairCorr
  0.98BTLKX Baillie Gifford IntePairCorr
  1.0BGASX Global AlphaPairCorr
  1.0BGATX Baillie Gifford GlobalPairCorr
  0.95BGCWX Baillie Gifford EafePairCorr
  0.95BGCSX Eafe ChoicePairCorr
  0.95BGCJX Baillie Gifford EafePairCorr
  0.66BGCDX Baillie Gifford ChinaPairCorr
  0.66BGCBX Baillie Gifford ChinaPairCorr
  0.95BGEZX Baillie Gifford EmergingPairCorr
  0.95BGEWX Baillie Gifford EmergingPairCorr
  0.93BGEVX Baillie Gifford EafePairCorr
  0.93BGESX Eafe FundPairCorr
  0.93BGETX Baillie Gifford EafePairCorr
  0.95BGEPX Baillie Gifford EmergingPairCorr
  0.93BGEKX Eafe FundPairCorr
  0.95BGELX Emerging MarketsPairCorr
  0.95BGEGX Baillie Gifford EmergingPairCorr
  0.95BGEHX Baillie Gifford EmergingPairCorr
  0.93BGEFX Baillie Gifford EafePairCorr
  0.95BGEDX Baillie Gifford EmergingPairCorr
  0.94BGGSX Equity GrowthPairCorr
  0.94BGGKX Equity GrowthPairCorr
  0.92BGIUX Baillie Gifford IntePairCorr
  0.92BGIVX Baillie Gifford IntePairCorr
  0.92BGITX Baillie Gifford IntePairCorr
  0.92BGIKX The International EquityPairCorr
  0.92BGIFX Baillie Gifford IntePairCorr
  0.95BGKEX Emerging MarketsPairCorr
  0.95BGLTX Baillie GiffordPairCorr
  0.95BGLKX Long TermPairCorr
  0.9BGPKX Eafe PurePairCorr
  0.9BGPFX Baillie Gifford EafePairCorr
  0.91BICKX The International SmallerPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Global Mutual Fund performing well and Global Alpha 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 Global Alpha'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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