Global Fixed Correlations

Mutual Funds . USA . 
Fund . Global Fixed Income
DINDX Fund  USD 5.29  0.01  0.19%   
The current 90-days correlation between Global Fixed Income and International Equity Portfolio is 0.02 (i.e., Significant 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

Good diversification

The correlation between Global Fixed Income and DJI is -0.17 (i.e., 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, which includes a position in Global Fixed Income. 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 unemployment.

Moving together with Global Mutual Fund

  0.81TEMUX Emerging Markets EquityPairCorr
  0.98DINCX Global Fixed IncomePairCorr
  0.94DINAX Global Fixed IncomePairCorr
  0.79MLMAX Global E PortfolioPairCorr
  0.79MLMCX Global E PortfolioPairCorr
  0.77MLNSX Global Centrated PorPairCorr
  0.73MLMIX Global E PortfolioPairCorr
  0.73MLMSX Global E PortfolioPairCorr
  0.77MLNCX Global Centrated PorPairCorr
  0.82MLNAX Global Centrated PorPairCorr
  0.77MLNIX Global Centrated PorPairCorr
  0.81MMCGX Mid Cap GrowthPairCorr
  0.86MMKBX Emerging Markets PorPairCorr
  0.81MMMPX Msif Emerging MarketsPairCorr
  0.77MNOPX International OpportunityPairCorr
  0.85THYUX High Yield FundPairCorr
  0.79TIFUX International FixedPairCorr
  0.83TIEUX International EquityPairCorr
  0.82MPAIX Advantage Portfolio ClassPairCorr
  0.85MPBAX Global StrategistPairCorr
  0.79MPFDX Corporate Bond PortfolioPairCorr
  0.81MPEGX Mid Cap GrowthPairCorr
  0.81MRGEX Msif Emerging MarketsPairCorr
  0.86MRJCX Real Assets PortfolioPairCorr
  0.87MRJAX Real Assets PortfolioPairCorr
  0.83MRJIX Real Assets PortfolioPairCorr
  0.85MRHYX Msift High YieldPairCorr
  0.83MRJSX Real Assets PortfolioPairCorr
  0.77MRNPX Msif InternationalPairCorr
  0.61MAADX Morgan Stanley InstiPairCorr
  0.82MADSX Msif Advantage PortPairCorr
  0.81MACGX Mid Cap GrowthPairCorr

Related Correlations Analysis

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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.

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