Glg Intl Correlations

Mutual Funds . USA . 
Fund . Glg Intl Small
GLVIX Fund  USD 91.30  0.84  0.93%   
The current 90-days correlation between Glg Intl Small and Old Westbury Large is 0.97 (i.e., Almost no diversification). The correlation of Glg Intl 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.

Glg Intl Correlation With Market

Almost no diversification

The correlation between Glg Intl Small and DJI is 0.94 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Glg Intl Small and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Glg Intl Small. 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 gross domestic product.

Moving together with GLG Mutual Fund

  0.98OSCNX Oppenheimer Main StreetPairCorr
  0.97OSCIX Oppenheimer Intl SmallPairCorr
  0.98OSCYX Oppenheimer Main StreetPairCorr
  0.87OSIIX Oppenheimer Global StrtgcPairCorr
  0.88OSINX Oppenheimer Strat IncmPairCorr
  0.97OSMNX Oppenheimer Intl SmallPairCorr
  0.97OSMYX Oppenheimer Intl SmallPairCorr
  0.71OSPSX Oppenheimer Steelpath MlpPairCorr
  0.99OTCYX Oppenheimer CapitalPairCorr
  0.97ODVNX Oppenheimer DevelopingPairCorr
  0.97ODVYX Oppenheimer DevelopingPairCorr
  1.0OGLIX Oppenheimer GlobalPairCorr
  1.0OGLYX Oppenheimer GlobalPairCorr
  0.73OGMIX Oppenheimer Gold SpecialPairCorr
  0.98OIDIX Oppenheimer InternationalPairCorr
  0.97OIGIX Oppenheimer InternationalPairCorr
  0.99OAANX Oppenheimer Active AllctnPairCorr
  0.99FNFPX American Funds NewPairCorr
  0.99FFPNX American Funds NewPairCorr
  0.99NPFCX New PerspectivePairCorr
  0.99ANWPX New PerspectivePairCorr
  0.99NPFFX New PerspectivePairCorr
  0.99CNPAX New PerspectivePairCorr
  0.99CNPEX New PerspectivePairCorr
  0.99CNPFX New PerspectivePairCorr
  0.99CNPCX New PerspectivePairCorr
  0.99RNPAX New PerspectivePairCorr
  0.99DXQLX Direxion Monthly NasdaqPairCorr
  0.99RYVLX Nasdaq 100 2xPairCorr
  0.99RYVYX Nasdaq 100 2xPairCorr
  0.99UOPIX Ultra Nasdaq 100PairCorr
  0.99RYCCX Nasdaq 100 2xPairCorr
  0.99UOPSX Ultranasdaq 100 ProfundPairCorr
  1.0INPIX Internet UltrasectorPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between GLG Mutual Fund performing well and Glg Intl 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 Glg Intl'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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