Global Fixed Correlations

DINAX Fund

USD 5.32 0.01 0.19%

The current 90-days correlation between Global Fixed Income and Dana Large Cap is -0.02 (i.e., Good diversification). The correlation of Global Fixed 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 Fixed Correlation With Market

Average diversification

The correlation between Global Fixed Income and DJI is 0.19 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Global Fixed Income 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 Fixed Income. 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 nation.

Moving together with Global Mutual Fund

0.88	TEMUX	Emerging Markets Equity	Pair Corr
1.0	DINCX	Global Fixed Income	Pair Corr
0.92	MLMAX	Global E Portfolio	Pair Corr
0.92	MLMIX	Global E Portfolio	Pair Corr
0.9	MLNAX	Global Centrated Por	Pair Corr
0.9	MLNIX	Global Centrated Por	Pair Corr
0.76	MMCGX	Mid Cap Growth	Pair Corr
0.85	MMKBX	Emerging Markets Por	Pair Corr
0.85	MMMPX	Msif Emerging Markets	Pair Corr
0.76	TIFUX	International Fixed	Pair Corr
0.93	TIIUX	Core Fixed Income	Pair Corr
0.97	TILUX	Inflation Linked Fixed	Pair Corr
0.9	MPBAX	Global Strategist	Pair Corr
0.98	MPFDX	Corporate Bond Portfolio	Pair Corr
0.75	MPEGX	Mid Cap Growth	Pair Corr
0.85	MRGEX	Msif Emerging Markets	Pair Corr
0.91	MRHYX	Msift High Yield	Pair Corr
0.63	MADSX	Msif Advantage Port	Pair Corr
0.71	MACGX	Mid Cap Growth	Pair Corr
0.92	MAIJX	Morgan Stanley Insti	Pair Corr
0.91	MAIHX	Morgan Stanley Insti	Pair Corr
0.92	MSBOX	Corporate Bond Portfolio	Pair Corr
0.64	MSAQX	Asia Opportunity Por	Pair Corr
0.63	MSAWX	Asia Opportunity Por	Pair Corr
0.63	MAPPX	Advantage Portfolio Class	Pair Corr
0.85	MSDLX	Global Strategist	Pair Corr
0.91	MSCMX	Morgan Stanley Multi	Pair Corr
0.83	MSCOX	Msif Small Pany	Pair Corr
0.82	MSFEX	Frontier Markets Por	Pair Corr
0.91	MSEGX	Growth Portfolio Class	Pair Corr
0.78	MSELX	Emerging Markets Por	Pair Corr
0.91	MSEQX	Growth Portfolio Class	Pair Corr

Moving against Global Mutual Fund

0.7	MSBWX	Morgan Stanley Insti	Pair Corr
0.45	MSDKX	Morgan Stanley Insti	Pair Corr

Related Correlations Analysis

	DLCIX	LMUSX	LCIAX	FLRAX
DLCIX		0.94	0.77	0.97	DLCIX
LMUSX	0.94		0.86	0.96	LMUSX
LCIAX	0.77	0.86		0.8	LCIAX
FLRAX	0.97	0.96	0.8		FLRAX
	DLCIX	LMUSX	LCIAX	FLRAX

Risk-Adjusted Indicators

There is a big difference between Global Mutual Fund performing well and Global Fixed 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 Fixed'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
DLCIX	0.47	0.13	0.10	(0.72)	0.34	(0.55)	1.09	(0.69)	2.54
LMUSX	0.42	0.08	0.13	0.17	0.16	(0.51)	1.04	(0.58)	2.42
LCIAX	0.41	0.06	0.09	0.15	0.25	(0.47)	0.89	(0.60)	2.40
FLRAX	0.45	0.13	0.09	(0.55)	0.29	(0.52)	1.05	(0.64)	2.61

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