Global Fixed Correlations

DINAX Fund

USD 5.32 0.00 0.00%

The current 90-days correlation between Global Fixed Income and Emerging Markets Equity is -0.22 (i.e., Very good diversification). The correlation of Global Fixed 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 Fixed Correlation With Market

Very good diversification

The correlation between Global Fixed Income and DJI is -0.23 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Global Fixed Income and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios. 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 nation.

Moving against Global Mutual Fund

0.54	MLMIX	Global E Portfolio	Pair Corr
0.54	MLMSX	Global E Portfolio	Pair Corr
0.52	MLMAX	Global E Portfolio	Pair Corr
0.44	MLMCX	Global E Portfolio	Pair Corr
0.39	MRHYX	Msift High Yield	Pair Corr
0.38	THYUX	High Yield Fund	Pair Corr
0.35	MLNIX	Global Centrated Por	Pair Corr
0.32	MPAIX	Advantage Portfolio Class	Pair Corr
0.32	MADSX	Msif Advantage Port	Pair Corr
0.31	MNOPX	International Opportunity	Pair Corr
0.31	MRNPX	Msif International	Pair Corr
0.32	MAPLX	Advantage Portfolio Class	Pair Corr

Related Correlations Analysis

	TEMUX	DINDX	MLMAX	MLMCX	MLNSX	MLMIX	MLMSX	MLNCX	MLNAX	MLNIX
TEMUX		0.01	0.41	0.41	0.2	0.41	0.42	0.19	0.11	0.19	TEMUX
DINDX	0.01		-0.21	-0.26	-0.6	-0.17	-0.2	-0.62	-0.55	-0.54	DINDX
MLMAX	0.41	-0.21		1.0	0.83	1.0	1.0	0.81	0.62	0.82	MLMAX
MLMCX	0.41	-0.26	1.0		0.85	0.98	0.99	0.84	0.62	0.82	MLMCX
MLNSX	0.2	-0.6	0.83	0.85		0.82	0.82	1.0	0.85	0.98	MLNSX
MLMIX	0.41	-0.17	1.0	0.98	0.82		1.0	0.8	0.62	0.82	MLMIX
MLMSX	0.42	-0.2	1.0	0.99	0.82	1.0		0.8	0.62	0.82	MLMSX
MLNCX	0.19	-0.62	0.81	0.84	1.0	0.8	0.8		0.85	0.98	MLNCX
MLNAX	0.11	-0.55	0.62	0.62	0.85	0.62	0.62	0.85		0.88	MLNAX
MLNIX	0.19	-0.54	0.82	0.82	0.98	0.82	0.82	0.98	0.88		MLNIX
	TEMUX	DINDX	MLMAX	MLMCX	MLNSX	MLMIX	MLMSX	MLNCX	MLNAX	MLNIX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

MLMCX	+ 1.0	MLMAX
MLMIX	+ 1.0	MLMAX
MLMSX	+ 1.0	MLMAX
MLNCX	+ 1.0	MLNSX
MLMSX	+ 1.0	MLMIX
MLMSX	+ 0.99	MLMCX

High negative correlations

MLNCX	- 0.62	DINDX
MLNSX	- 0.6	DINDX
MLNAX	- 0.55	DINDX
MLNIX	- 0.54	DINDX
MLMCX	- 0.26	DINDX
MLMAX	- 0.21	DINDX

Risk-Adjusted Indicators

There is a big difference between Global Mutual Fund performing well and Global Fixed 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 Fixed'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
TEMUX	0.65	0.01	(0.02)	0.09	0.76	(0.74)	1.36	(1.15)	3.45
DINDX	25.88	12.02	48.66	0.71	0.00	(26.43)	0.39	(0.26)	829.07
MLMAX	0.66	(0.08)	0.00	(0.02)	0.00	0.00	1.25	(1.66)	4.19
MLMCX	0.66	(0.10)	0.00	(0.03)	0.00	0.00	1.24	(1.62)	4.31
MLNSX	0.65	(0.10)	0.00	(0.03)	0.00	0.00	1.16	(1.64)	3.81
MLMIX	0.65	(0.08)	0.00	(0.01)	0.00	0.00	1.27	(1.60)	4.17
MLMSX	0.65	(0.08)	(0.07)	(0.01)	1.07	(0.59)	1.27	(1.64)	4.25
MLNCX	0.65	(0.10)	0.00	(0.04)	0.00	0.00	1.16	(1.64)	3.85
MLNAX	0.64	(0.06)	0.00	(0.24)	0.00	0.00	1.17	(1.63)	3.76
MLNIX	0.64	(0.10)	0.00	(0.04)	0.00	0.00	1.16	(1.64)	3.78

Global Fixed Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Global Fixed mutual fund to make a market-neutral strategy. Peer analysis of Global Fixed could also be used in its relative valuation, which is a method of valuing Global Fixed by comparing valuation metrics with similar companies.

Emerging Markets Equity Global Fixed Income Global E Portfolio Global E Portfolio Global Centrated Portfolio Global E Portfolio Global E Portfolio Global Centrated Portfolio Global Centrated Portfolio Global Centrated Portfolio American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup

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