International Growth Correlations

Mutual Funds . USA . 
Fund . International Growth Fund
TWIEX Fund  USD 12.43  0.11  0.89%   
The current 90-days correlation between International Growth and Value Fund Investor is 0.79 (i.e., Poor diversification). The correlation of International Growth 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 Growth Correlation With Market

Very poor diversification

The correlation between International Growth Fund and DJI is 0.85 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding International Growth Fund and DJI in the same portfolio, assuming nothing else is changed.
  
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in International Growth 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 income.

Moving together with International Mutual Fund

  0.98RERFX Europacific GrowthPairCorr
  0.98AEPFX Europacific GrowthPairCorr
  0.98CEUAX Europacific GrowthPairCorr
  0.98CEUCX Europacific GrowthPairCorr
  0.98RERCX Europacific GrowthPairCorr
  0.98REREX Europacific GrowthPairCorr
  0.98RERGX Europacific GrowthPairCorr
  0.98CEUFX Europacific GrowthPairCorr
  0.98CEUEX Europacific GrowthPairCorr
  0.98RERAX Europacific GrowthPairCorr
  0.82CPAYX Columbia PacificasiaPairCorr
  0.8CASAX Columbia PacificasiaPairCorr
  0.8CASCX Columbia PacificasiaPairCorr
  0.8LSHEX Kinetics Spin OffPairCorr
  0.74CISGX Touchstone Sands CapitalPairCorr
  0.8LSHUX Horizon Spin OffPairCorr
  0.74BA Boeing Earnings Call This WeekPairCorr
  0.83MMM 3M Company Sell-off TrendPairCorr
  0.71DIS Walt DisneyPairCorr
  0.86CSCO Cisco SystemsPairCorr
  0.62IBM International Business Earnings Call This WeekPairCorr
  0.76GE GE Aerospace Earnings Call This WeekPairCorr
  0.7BAC Bank of America Aggressive PushPairCorr
  0.74HPQ HP IncPairCorr
  0.76PFE Pfizer Inc Aggressive PushPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between International Mutual Fund performing well and International Growth 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 Growth'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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