Global Alpha Correlations

Mutual Funds . USA . 
Fund . The Global Alpha
BGASX Fund  USD 18.85  0.02  0.11%   
The current 90-days correlation between Global Alpha and Alger Health Sciences is 0.42 (i.e., Very weak diversification). The correlation of Global Alpha 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 Alpha Correlation With Market

Very poor diversification

The correlation between The Global Alpha and DJI is 0.81 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding The Global Alpha and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in The Global Alpha. 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 main economic indicators.

Moving together with Global Mutual Fund

  0.74BSGPX Eafe PurePairCorr
  0.93BSGLX Long TermPairCorr
  0.75BTLSX Baillie Gifford IntePairCorr
  0.75BTLKX Baillie Gifford IntePairCorr
  1.0BGAKX Global AlphaPairCorr
  1.0BGATX Baillie Gifford GlobalPairCorr
  0.9BGCWX Baillie Gifford EafePairCorr
  0.9BGCSX Eafe ChoicePairCorr
  0.91BGCJX Baillie Gifford EafePairCorr
  0.88BGCDX Baillie Gifford ChinaPairCorr
  0.88BGCBX Baillie Gifford ChinaPairCorr
  0.92BGEZX Baillie Gifford EmergingPairCorr
  0.92BGEWX Baillie Gifford EmergingPairCorr
  0.94BGEUX Baillie Gifford EafePairCorr
  0.94BGEVX Baillie Gifford EafePairCorr
  0.94BGESX Eafe FundPairCorr
  0.94BGETX Baillie Gifford EafePairCorr
  0.95BGEPX Baillie Gifford EmergingPairCorr
  0.93BGEKX Eafe FundPairCorr
  0.95BGELX Emerging MarketsPairCorr
  0.95BGEGX Baillie Gifford EmergingPairCorr
  0.95BGEHX Baillie Gifford EmergingPairCorr
  0.94BGEFX Baillie Gifford EafePairCorr
  0.95BGEDX Baillie Gifford EmergingPairCorr
  0.63BGGKX Equity GrowthPairCorr
  0.95BGKEX Emerging MarketsPairCorr
  0.93BGLTX Baillie GiffordPairCorr
  0.93BGLKX Long TermPairCorr
  0.74BGPKX Eafe PurePairCorr
  0.9BKGCX Eafe ChoicePairCorr
  0.97FNFPX American Funds NewPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Global Mutual Fund performing well and Global Alpha 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 Alpha'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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