Qs International Correlations

LMGEX Fund

USD 21.00 0.01 0.05%

The current 90-days correlation between Qs International Equity and Templeton Global Balanced is 0.06 (i.e., Significant diversification). The correlation of Qs International 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.

Qs International Correlation With Market

Poor diversification

The correlation between Qs International Equity and DJI is 0.7 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Qs International Equity and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Qs International Equity. 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 commodities.

Moving together with LMGEX Mutual Fund

0.95	VGTSX	Vanguard Total Inter	Pair Corr
0.95	VTIAX	Vanguard Total Inter	Pair Corr
0.84	VTSNX	Vanguard Total Inter	Pair Corr
0.95	VTPSX	Vanguard Total Inter	Pair Corr
0.84	VTISX	Vanguard Total Inter	Pair Corr
0.96	VTMGX	Vanguard Developed	Pair Corr
0.96	VDVIX	Vanguard Developed	Pair Corr
0.96	VTMNX	Vanguard Developed	Pair Corr
0.96	VDIPX	Vanguard Developed	Pair Corr
0.84	FSPSX	Fidelity International	Pair Corr
0.72	XDSMX	Dreyfus Strategic	Pair Corr
0.74	XNXJX	Nuveen New Jersey	Pair Corr
0.7	NXJ	Nuveen New Jersey	Pair Corr
0.7	XNBHX	Neuberger Berman Int	Pair Corr
0.71	IBM	International Business	Pair Corr
0.69	AA	Alcoa Corp	Pair Corr
0.78	GE	GE Aerospace	Pair Corr
0.71	INTC	Intel Aggressive Push	Pair Corr
0.62	CAT	Caterpillar	Pair Corr

Moving against LMGEX Mutual Fund

0.35	CVX	Chevron Corp Sell-off Trend	Pair Corr
0.58	T	ATT Inc	Pair Corr
0.5	PG	Procter Gamble	Pair Corr
0.5	MCD	McDonalds	Pair Corr

Related Correlations Analysis

	TINCX	ANAZX	DBIWX	MFIRX	DHGCX	ANAGX	BXFIX
TINCX		0.72	0.89	0.86	0.78	0.73	0.77	TINCX
ANAZX	0.72		0.87	0.83	0.96	0.99	0.52	ANAZX
DBIWX	0.89	0.87		0.88	0.9	0.86	0.72	DBIWX
MFIRX	0.86	0.83	0.88		0.93	0.84	0.78	MFIRX
DHGCX	0.78	0.96	0.9	0.93		0.96	0.61	DHGCX
ANAGX	0.73	0.99	0.86	0.84	0.96		0.52	ANAGX
BXFIX	0.77	0.52	0.72	0.78	0.61	0.52		BXFIX
	TINCX	ANAZX	DBIWX	MFIRX	DHGCX	ANAGX	BXFIX

Risk-Adjusted Indicators

There is a big difference between LMGEX Mutual Fund performing well and Qs International 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 Qs International'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
TINCX	0.40	0.03	0.02	2.11	0.43	(0.53)	0.72	(0.73)	2.89
ANAZX	0.11	0.01	(0.07)	0.32	0.00	(0.18)	0.29	(0.14)	0.58
DBIWX	0.30	0.04	0.07	0.41	0.25	(0.34)	0.74	(0.62)	1.61
MFIRX	0.11	0.03	0.04	0.94	0.00	(0.23)	0.37	(0.19)	0.57
DHGCX	0.12	0.01	(0.02)	0.33	0.00	(0.15)	0.26	(0.20)	0.77
ANAGX	0.11	0.01	(0.04)	0.56	0.00	(0.18)	0.29	(0.29)	0.58
BXFIX	0.07	0.01	(0.08)	(0.21)	0.00	(0.28)	0.12	(0.12)	1.07

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