International Investors Correlations

INIVX Fund

USD 12.46 0.23 1.81%

The current 90-days correlation between International Investors and Unconstrained Emerging Markets is 0.33 (i.e., Weak diversification). The correlation of International Investors 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.

International Investors Correlation With Market

Average diversification

The correlation between International Investors Gold 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 International Investors Gold 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 International Investors Gold. 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 real.

Moving together with International Mutual Fund

1.0	INIYX	International Investors	Pair Corr
1.0	INIIX	International Investors	Pair Corr
0.66	GHAIX	Global Hard Assets	Pair Corr
0.65	GHAAX	Global Hard Assets	Pair Corr
0.64	GHACX	Global Hard Assets	Pair Corr
0.61	CMCAX	Cm Modity Index	Pair Corr
0.62	CMCYX	Cm Modity Index	Pair Corr
0.62	COMIX	Cm Modity Index	Pair Corr
0.73	MWMIX	Vaneck Morningstar Wide	Pair Corr
1.0	IIGCX	International Investors	Pair Corr
0.99	SGGDX	First Eagle Gold	Pair Corr
0.99	FEGIX	First Eagle Gold	Pair Corr
0.99	FEGOX	First Eagle Gold	Pair Corr
0.98	OPGSX	Oppenheimer Gold Spec	Pair Corr
0.98	OGMCX	Oppenheimer Gold Special	Pair Corr
0.98	FSAGX	Gold Portfolio Gold Potential Growth	Pair Corr
0.98	FIJDX	Gold Portfolio Fidelity Potential Growth	Pair Corr

Moving against International Mutual Fund

0.74	FERUX	First Eagle Gold	Pair Corr
0.74	FIURX	First Eagle Gold	Pair Corr
0.68	EAURX	First Eagle Gold	Pair Corr

Related Correlations Analysis

	EMBAX	EMBYX	EMRIX	EMRCX	EMRZX	EMRYX	ENVIX	ENVAX	ENVYX	INIVX
EMBAX		1.0	0.71	0.7	0.7	0.7	0.0	0.0	0.0	0.45	EMBAX
EMBYX	1.0		0.71	0.7	0.71	0.7	0.0	0.0	0.0	0.47	EMBYX
EMRIX	0.71	0.71		1.0	1.0	1.0	0.0	0.0	0.0	0.48	EMRIX
EMRCX	0.7	0.7	1.0		1.0	1.0	0.0	0.0	0.0	0.45	EMRCX
EMRZX	0.7	0.71	1.0	1.0		1.0	0.0	0.0	0.0	0.49	EMRZX
EMRYX	0.7	0.7	1.0	1.0	1.0		0.0	0.0	0.0	0.48	EMRYX
ENVIX	0.0	0.0	0.0	0.0	0.0	0.0		-1.0	-1.0	0.0	ENVIX
ENVAX	0.0	0.0	0.0	0.0	0.0	0.0	-1.0		1.0	0.0	ENVAX
ENVYX	0.0	0.0	0.0	0.0	0.0	0.0	-1.0	1.0		0.0	ENVYX
INIVX	0.45	0.47	0.48	0.45	0.49	0.48	0.0	0.0	0.0		INIVX
	EMBAX	EMBYX	EMRIX	EMRCX	EMRZX	EMRYX	ENVIX	ENVAX	ENVYX	INIVX

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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

EMBYX	+ 1.0	EMBAX
EMRCX	+ 1.0	EMRIX
EMRZX	+ 1.0	EMRIX
EMRYX	+ 1.0	EMRIX
EMRZX	+ 1.0	EMRCX
EMRYX	+ 1.0	EMRCX

High negative correlations

ENVYX	- 1.0	ENVIX
ENVAX	- 1.0	ENVIX
INIVX	- 0.0	ENVYX
INIVX	- 0.0	ENVAX
INIVX	- 0.0	ENVIX
ENVYX	- 0.0	EMRYX

Risk-Adjusted Indicators

There is a big difference between International Mutual Fund performing well and International Investors 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 International Investors' 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
EMBAX	0.28	0.02	(0.36)	0.60	0.16	(0.42)	0.57	(0.56)	1.30
EMBYX	0.28	0.02	(0.35)	0.57	0.18	(0.38)	0.56	(0.54)	1.13
EMRIX	0.71	(0.05)	(0.13)	0.07	0.85	(0.76)	1.45	(1.60)	4.39
EMRCX	0.71	(0.05)	(0.13)	0.06	0.85	(0.75)	1.40	(1.61)	4.40
EMRZX	0.71	(0.05)	(0.13)	0.07	0.87	(0.74)	1.44	(1.59)	4.38
EMRYX	0.72	(0.05)	(0.13)	0.07	0.87	(0.74)	1.45	(1.61)	4.40
ENVIX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ENVAX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ENVYX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
INIVX	1.32	0.16	0.04	0.54	1.41	(1.44)	2.81	(2.63)	7.44

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