Mirova Global Correlations

Mutual Funds . USA . 
Fund . Mirova Global Sustainable
ESGCX Fund  USD 20.09  0.16  0.79%   
The current 90-days correlation between Mirova Global Sustainable and Asg Managed Futures is 0.62 (i.e., Poor diversification). The correlation of Mirova Global 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.

Mirova Global Correlation With Market

Very poor diversification

The correlation between Mirova Global Sustainable and DJI is 0.82 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mirova Global Sustainable 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 Mirova Global Sustainable. 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 goods.

Moving together with Mirova Mutual Fund

  0.83AMFAX Asg Managed FuturesPairCorr
  0.62AMFNX Asg Managed FuturesPairCorr
  0.67NOANX Natixis OakmarkPairCorr
  0.7NOIAX Natixis Oakmark IntePairCorr
  0.71NOICX Natixis Oakmark IntePairCorr
  0.7GCPAX Gateway Equity CallPairCorr
  0.72GCPCX Gateway Equity CallPairCorr
  0.72GCPNX Gateway Equity CallPairCorr
  0.72NOIYX Natixis Oakmark IntlPairCorr
  0.72GCPYX Gateway Equity CallPairCorr
  0.79LGBCX Loomis Sayles InvestmentPairCorr
  0.79LGBNX Loomis Sayles InvestmentPairCorr
  0.75LGMAX Loomis Sayles GlobalPairCorr
  0.75LGMCX Loomis Sayles GlobalPairCorr
  0.96LGMNX Loomis Sayles GlobalPairCorr
  0.72LGRCX Loomis Sayles GrowthPairCorr
  0.72LGRNX Loomis Sayles GrowthPairCorr
  0.72LGRRX Loomis Sayles GrowthPairCorr
  0.9VNSYX Vaughan Nelson SelectPairCorr
  0.71VNSCX Vaughan Nelson SelectPairCorr
  0.71VNSAX Vaughan Nelson SelectPairCorr
  0.9VNSNX Vaughan Nelson SelectPairCorr
  0.9VNVCX Vaughan Nelson ValuePairCorr
  0.86VNVAX Vaughan Nelson ValuePairCorr
  0.9VNVNX Vaughan Nelson ValuePairCorr
  0.71VNVYX Vaughan Nelson ValuePairCorr
  0.7LIGCX Loomis Sayles InternPairCorr
  0.79LIGAX Loomis Sayles InvestmentPairCorr
  0.73LIGNX Loomis Sayles InternPairCorr
  0.8LIGRX Loomis Sayles InvestmentPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Mirova Mutual Fund performing well and Mirova Global 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 Mirova Global'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
AMFAX  0.28 (0.02)(0.21) 0.07  0.29 
(0.33)
 0.56 
(0.57)
 1.55 
AMFNX  0.28  0.02 (0.22)(0.58) 0.31 
(0.33)
 0.56 
(0.70)
 1.51 
NOANX  0.58  0.14  0.02 (0.79) 0.48 
(0.70)
 1.49 
(1.03)
 3.53 
NOIAX  0.80  0.10 (0.04)(0.30) 0.92 
(0.81)
 1.50 
(1.66)
 4.96 
NOICX  0.79  0.09 (0.05)(0.24) 0.92 
(0.84)
 1.47 
(1.69)
 4.93 
GCPAX  0.28  0.12 (0.03)(0.74) 0.00 
(0.33)
 0.66 
(0.43)
 1.68 
GCPCX  0.27  0.11 (0.06)(0.68) 0.00 
(0.31)
 0.67 
(0.39)
 1.66 
GCPNX  0.27  0.11 (0.04)(0.72) 0.00 
(0.31)
 0.66 
(0.43)
 1.68 
NOIYX  0.79  0.09 (0.05)(0.26) 0.91 
(0.82)
 1.51 
(1.67)
 4.92 
GCPYX  0.27  0.11 (0.05)(0.70) 0.00 
(0.32)
 0.66 
(0.43)
 1.63 

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