Global Stock Correlations

DGLCX Fund

USD 18.43 0.14 0.75%

The current 90-days correlation between Global Stock and Global Stock Fund is 0.1 (i.e., Average diversification). The correlation of Global Stock 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 Stock Correlation With Market

Good diversification

The correlation between Global Stock Fund and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Global Stock Fund 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 Stock Fund. 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 private.

Moving together with Global Mutual Fund

0.7	DISSX	Dreyfus Smallcap Stock	Pair Corr
0.84	DISIX	Dreyfus Smallcap Stock	Pair Corr
0.69	DISCX	International Stock	Pair Corr
0.66	DNLCX	Dreyfus Active Midcap	Pair Corr

Related Correlations Analysis

	DGLAX	DGLRX	SGLYX	PORIX	PORTX	VLAAX	FAMEX	IGLGX	HGHAX	VLAIX
DGLAX		1.0	0.5	0.66	0.61	-0.03	0.12	0.57	0.28	0.04	DGLAX
DGLRX	1.0		0.45	0.66	0.62	-0.06	0.08	0.57	0.29	0.02	DGLRX
SGLYX	0.5	0.45		0.22	0.16	0.31	0.32	0.05	0.02	0.31	SGLYX
PORIX	0.66	0.66	0.22		0.87	-0.63	-0.52	0.97	0.73	-0.64	PORIX
PORTX	0.61	0.62	0.16	0.87		-0.62	-0.49	0.87	0.67	-0.61	PORTX
VLAAX	-0.03	-0.06	0.31	-0.63	-0.62		0.95	-0.7	-0.89	0.87	VLAAX
FAMEX	0.12	0.08	0.32	-0.52	-0.49	0.95		-0.59	-0.86	0.83	FAMEX
IGLGX	0.57	0.57	0.05	0.97	0.87	-0.7	-0.59		0.74	-0.71	IGLGX
HGHAX	0.28	0.29	0.02	0.73	0.67	-0.89	-0.86	0.74		-0.74	HGHAX
VLAIX	0.04	0.02	0.31	-0.64	-0.61	0.87	0.83	-0.71	-0.74		VLAIX
	DGLAX	DGLRX	SGLYX	PORIX	PORTX	VLAAX	FAMEX	IGLGX	HGHAX	VLAIX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

DGLRX	+ 1.0	DGLAX
IGLGX	+ 0.97	PORIX
FAMEX	+ 0.95	VLAAX
PORTX	+ 0.87	PORIX
IGLGX	+ 0.87	PORTX
VLAIX	+ 0.87	VLAAX

High negative correlations

HGHAX	- 0.89	VLAAX
HGHAX	- 0.86	FAMEX
VLAIX	- 0.74	HGHAX
VLAIX	- 0.71	IGLGX
IGLGX	- 0.7	VLAAX
VLAIX	- 0.64	PORIX

Risk-Adjusted Indicators

There is a big difference between Global Mutual Fund performing well and Global Stock 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 Stock'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
DGLAX	0.53	(0.05)	0.00	(0.03)	0.00	0.00	0.91	(1.07)	3.59
DGLRX	0.54	(0.06)	0.00	(0.04)	0.00	0.00	0.89	(1.04)	3.59
SGLYX	0.32	(0.02)	(0.10)	(0.02)	0.38	(0.38)	0.80	(0.53)	2.03
PORIX	0.50	0.01	0.00	0.04	0.66	(0.51)	1.10	(0.97)	3.57
PORTX	0.51	0.02	(0.02)	(0.81)	0.67	(0.51)	1.10	(0.98)	3.57
VLAAX	0.41	(0.10)	0.00	(0.19)	0.00	0.00	0.63	(0.96)	3.16
FAMEX	0.53	(0.13)	0.00	(0.15)	0.00	0.00	1.00	(1.28)	3.15
IGLGX	0.63	0.02	0.02	0.06	0.85	(0.66)	1.06	(1.23)	4.19
HGHAX	0.60	0.24	0.26	(1.58)	0.35	(0.69)	1.56	(1.25)	4.26
VLAIX	0.41	(0.11)	0.00	(0.21)	0.00	0.00	0.62	(0.95)	3.17

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