Global Strategy Correlations

Mutual Funds . USA . 
Fund . Global Strategy Fund
VGLSX Fund  USD 10.71  0.01  0.09%   
The current 90-days correlation between Global Strategy and Elfun Diversified Fund is -0.06 (i.e., Good diversification). The correlation of Global Strategy 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 Strategy Correlation With Market

Good diversification

The correlation between Global Strategy Fund and DJI is -0.18 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Global Strategy 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 Global Strategy 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 state.

Moving together with Global Mutual Fund

  0.95VMIDX Mid Cap IndexPairCorr
  0.98VMSGX Mid Cap StrategicPairCorr
  0.99VAPPX Valic Company IPairCorr
  0.99VSRDX Valic Company IPairCorr
  0.98VSTIX Stock Index FundPairCorr
  0.83VSSVX Small Cap SpecialPairCorr
  0.97VBCVX Broad Cap ValuePairCorr
  0.98VCAAX Asset AllocationPairCorr
  0.72VCBDX Valic Company IPairCorr
  0.98VCBCX Blue Chip GrowthPairCorr
  0.98VCGAX Growth IncomePairCorr
  0.97VCGEX Emerging EconomiesPairCorr
  0.97VCFVX Foreign ValuePairCorr
  0.96VCIEX International EquitiesPairCorr
  0.71VCIFX International GovernmentPairCorr
  0.98VCIGX Valic Company IPairCorr
  0.93VCINX International GrowthPairCorr
  0.98VCNIX Nasdaq 100 IndexPairCorr
  0.99VCSTX Science TechnologyPairCorr
  0.72VCTPX Inflation ProtectedPairCorr
  0.96VCSOX Global Social AwarenessPairCorr
  0.96VCSLX Small Cap IndexPairCorr
  0.98VCULX Growth Fund GrowthPairCorr
  0.98VDAFX Dynamic AllocationPairCorr
  0.97VVMCX Valic Company IPairCorr
  0.99VVSGX Valic Company IPairCorr
  0.94VVSCX Valic Company IPairCorr
  0.99VGCLX Valic Company IPairCorr
  0.88VGREX Global Real EstatePairCorr
  0.98VHYLX Valic Company IPairCorr
  0.99VIOPX Valic Company IPairCorr
  0.99VLAGX Valic Company IPairCorr
  0.97VLCGX Large Capital GrowthPairCorr
  1.0VLSMX Valic Company IPairCorr
  0.99RIRAX Capital Income BuilderPairCorr
  0.99RIREX Capital Income BuilderPairCorr
  0.99RIRCX Capital Income BuilderPairCorr
  0.99RIRFX Capital Income BuilderPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Global Mutual Fund performing well and Global Strategy 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 Strategy'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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