Global Real Correlations

MRLAX Fund

USD 4.99 0.03 0.60%

The current 90-days correlation between Global Real Estate and Emerging Markets Equity is 0.58 (i.e., Very weak diversification). The correlation of Global Real 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 Real Correlation With Market

Poor diversification

The correlation between Global Real Estate and DJI is 0.66 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Global Real Estate and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Global Real Estate. 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

0.97	DINDX	Global Fixed Income	Pair Corr
0.97	DINCX	Global Fixed Income	Pair Corr
0.96	DINAX	Global Fixed Income	Pair Corr
0.79	MMCGX	Mid Cap Growth	Pair Corr
0.72	MNOPX	International Opportunity	Pair Corr
0.97	THYUX	High Yield Fund	Pair Corr
0.94	TIFUX	International Fixed	Pair Corr
0.67	TIEUX	International Equity	Pair Corr
0.94	TIIUX	Core Fixed Income	Pair Corr
0.96	TILUX	Inflation Linked Fixed	Pair Corr
0.93	MORGX	Morgan Stanley Mortgage	Pair Corr
0.63	MPAIX	Advantage Portfolio Class	Pair Corr
0.85	MPBAX	Global Strategist	Pair Corr
0.95	MPFDX	Corporate Bond Portfolio	Pair Corr
0.81	MPEGX	Mid Cap Growth	Pair Corr
0.98	MRETX	Msif Real Estate	Pair Corr
0.98	MRGOX	Msif Global Infrastr	Pair Corr
0.92	MRJCX	Real Assets Portfolio	Pair Corr
0.92	MRJAX	Real Assets Portfolio	Pair Corr
0.94	MRJIX	Real Assets Portfolio	Pair Corr
0.97	MRHYX	Msift High Yield	Pair Corr
1.0	MRLBX	Global Real Estate	Pair Corr

Related Correlations Analysis

	TEMUX	DINDX	DINCX	DINAX	MLMAX	MLMCX	MLNSX	MLMIX	MLMSX	MLNCX
TEMUX		-0.14	-0.1	-0.14	0.89	0.9	0.86	0.89	0.79	0.87	TEMUX
DINDX	-0.14		0.99	1.0	0.14	0.11	0.1	0.15	0.14	0.07	DINDX
DINCX	-0.1	0.99		0.99	0.16	0.14	0.12	0.17	0.16	0.09	DINCX
DINAX	-0.14	1.0	0.99		0.13	0.1	0.09	0.14	0.12	0.06	DINAX
MLMAX	0.89	0.14	0.16	0.13		1.0	0.98	1.0	0.89	0.98	MLMAX
MLMCX	0.9	0.11	0.14	0.1	1.0		0.98	1.0	0.89	0.98	MLMCX
MLNSX	0.86	0.1	0.12	0.09	0.98	0.98		0.98	0.87	1.0	MLNSX
MLMIX	0.89	0.15	0.17	0.14	1.0	1.0	0.98		0.89	0.98	MLMIX
MLMSX	0.79	0.14	0.16	0.12	0.89	0.89	0.87	0.89		0.86	MLMSX
MLNCX	0.87	0.07	0.09	0.06	0.98	0.98	1.0	0.98	0.86		MLNCX
	TEMUX	DINDX	DINCX	DINAX	MLMAX	MLMCX	MLNSX	MLMIX	MLMSX	MLNCX

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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

DINAX	+ 1.0	DINDX
MLMCX	+ 1.0	MLMAX
MLMIX	+ 1.0	MLMAX
MLMIX	+ 1.0	MLMCX
MLNCX	+ 1.0	MLNSX
DINCX	+ 0.99	DINDX

High negative correlations

DINAX	- 0.14	TEMUX
DINDX	- 0.14	TEMUX
DINCX	- 0.1	TEMUX

Risk-Adjusted Indicators

There is a big difference between Global Mutual Fund performing well and Global Real 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 Real'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
TEMUX	0.77	(0.08)	(0.07)	0.03	1.22	(0.78)	1.29	(1.66)	7.14
DINDX	0.12	0.06	(0.26)	(1.02)	0.00	(0.21)	0.20	(0.19)	0.77
DINCX	0.13	0.04	(0.28)	2.55	0.00	(0.24)	0.39	(0.20)	0.78
DINAX	0.13	0.06	(0.25)	(1.10)	0.00	(0.25)	0.39	(0.19)	0.78
MLMAX	0.79	(0.08)	(0.06)	0.04	1.16	(0.77)	1.63	(2.27)	5.21
MLMCX	0.79	(0.09)	(0.07)	0.03	1.15	(0.79)	1.61	(2.28)	5.20
MLNSX	0.94	(0.11)	(0.08)	0.02	1.22	(1.00)	1.94	(2.31)	6.19
MLMIX	0.80	(0.08)	(0.06)	0.04	1.19	(0.76)	1.62	(2.30)	5.31
MLMSX	0.79	0.04	(0.05)	0.55	1.07	(0.78)	1.62	(2.25)	5.20
MLNCX	0.94	(0.11)	(0.08)	0.01	1.23	(1.00)	1.96	(2.30)	6.22

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