Global Alpha Correlations

Mutual Funds USA . 
Fund . The Global Alpha
BGASX Fund  USD 17.19  0.02  0.12%   
The current 90-days correlation between Global Alpha and Barings Global Floating is 0.41 (i.e., Very weak 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

Almost no diversification

The correlation between The Global Alpha and DJI is 0.96 (i.e., Almost no 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 state.

Moving together with Global Mutual Fund

  0.94BSGPX Eafe PurePairCorr
  0.99BSGLX Long TermPairCorr
  0.98BTLSX Baillie Gifford IntePairCorr
  0.98BTLKX Baillie Gifford IntePairCorr
  1.0BGAKX Global AlphaPairCorr
  1.0BGATX Baillie Gifford GlobalPairCorr
  0.95BGCWX Baillie Gifford EafePairCorr
  0.95BGCSX Eafe ChoicePairCorr
  0.95BGCJX Baillie Gifford EafePairCorr
  0.67BGCDX Baillie Gifford ChinaPairCorr
  0.67BGCBX Baillie Gifford ChinaPairCorr
  0.99BGEZX Baillie Gifford EmergingPairCorr
  0.99BGEWX Baillie Gifford EmergingPairCorr
  0.98BGEVX Baillie Gifford EafePairCorr
  0.98BGESX Eafe FundPairCorr
  0.98BGETX Baillie Gifford EafePairCorr
  0.97BGEPX Baillie Gifford EmergingPairCorr
  0.98BGEKX Eafe FundPairCorr
  0.97BGELX Emerging MarketsPairCorr
  0.97BGEGX Baillie Gifford EmergingPairCorr
  0.97BGEHX Baillie Gifford EmergingPairCorr
  0.98BGEFX Baillie Gifford EafePairCorr
  0.97BGEDX Baillie Gifford EmergingPairCorr
  0.99BGGSX Equity GrowthPairCorr
  0.99BGGKX Equity GrowthPairCorr
  0.96BGIUX Baillie Gifford IntePairCorr
  0.96BGIVX Baillie Gifford IntePairCorr
  0.96BGITX Baillie Gifford IntePairCorr
  0.96BGIKX The International EquityPairCorr
  0.96BGIFX Baillie Gifford IntePairCorr
  0.97BGKEX Emerging MarketsPairCorr
  0.99BGLTX Baillie GiffordPairCorr
  0.99BGLKX Long TermPairCorr
  0.94BGPKX Eafe PurePairCorr
  0.94BGPFX 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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