Glg Intl Correlations

Mutual Funds . USA . 
Fund . Glg Intl Small
GLVIX Fund  USD 90.25  0.02  0.02%   
The current 90-days correlation between Glg Intl Small and Baron Global Advantage is 0.88 (i.e., Very poor 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

Very poor diversification

The correlation between Glg Intl Small and DJI is 0.82 (i.e., Very poor 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
  0.98OSCIX Oppenheimer Intl SmallPairCorr
  0.98OSCYX Oppenheimer Main StreetPairCorr
  0.86OSIIX Oppenheimer Global StrtgcPairCorr
  0.85OSINX Oppenheimer Strat IncmPairCorr
  0.85OSIYX Oppenheimer StrategicPairCorr
  0.98OSMNX Oppenheimer Intl SmallPairCorr
  0.98OSMYX Oppenheimer Intl SmallPairCorr
  0.78OSPAX Oppenheimer Steelpath MlpPairCorr
  0.8OSPMX Oppenheimer Steelpath MlpPairCorr
  0.71OSPPX Oppenheimer Steelpath MlpPairCorr
  0.85OSPSX Oppenheimer Steelpath MlpPairCorr
  0.98OSSIX Oppenheimer Main StreetPairCorr
  0.98OTCNX Oppenheimer Cap ApprecPairCorr
  0.98OTCYX Oppenheimer CapitalPairCorr
  0.78MLPOX Oppenheimer Steelpath MlpPairCorr
  0.71MLPNX Oppenheimer Steelpath MlpPairCorr
  0.84MLPTX Oppenheimer Steelpath MlpPairCorr
  0.8MLPZX Oppenheimer Steelpath MlpPairCorr
  0.99ODINX Oppenheimer DiscoveryPairCorr
  0.99ODIYX Oppenheimer DiscoveryPairCorr
  0.98ODVNX Oppenheimer DevelopingPairCorr
  0.98ODVYX Oppenheimer DevelopingPairCorr
  0.98QMGIX Oppenheimer GlobalPairCorr
  0.98QMGRX Oppenheimer GlobalPairCorr
  0.98QMGYX Oppenheimer GlobalPairCorr
  0.98QMGAX Oppenheimer GlobalPairCorr
  0.98QMGCX Oppenheimer GlobalPairCorr
  0.96CGRNX Oppenheimer ValuePairCorr
  0.96CGRYX Oppenheimer DisciplinedPairCorr
  0.99OEGYX Oppenhmr Discovery MidPairCorr
  0.99OEGIX Oppenhmr Discovery MidPairCorr
  0.99OEGNX Oppenhmr Discovery MidPairCorr
  0.89OEMIX Ophmr Eml DbtPairCorr
  0.89OEMNX Ophmr Eml DbtPairCorr
  0.88OEMYX Ophmr Eml DbtPairCorr

Moving against Glg Mutual Fund

  0.66QOPNX Oppenheimer FlexiblePairCorr
  0.64QOPYX Oppenheimer FlexiblePairCorr
  0.63QOPIX Oppenheimer FlexiblePairCorr

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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