DM Equity Correlations at 23-Month Lows

0
DM Equity Correlations at 23-Month Lows

Developed market equity correlations have significant decline since the beginning of September and now stand at the least correlated levels since 12/2014. The 65-day correlation of GKCI Developed Markets Index relative to the MSCI World Index is just 32% compared to 51% on 9/9/16. Looking under the hood we can see that the recent decline in equity correlations can be mainly attributed to European stocks. The 65-day correlation for GKCI DM EMEA index relative to the MSCI World Index is at 36% which is the lowest level since 7/31/2014. GKCI DM Americas index is at 46% which is slightly below the 10-year average of 52%. As usual, DM Asia has proved the lowest correlation to the MSCI World Index as the 65-day correlation has fallen to just 11%.

1-copy-copy-copy-copy-copy

1-copy-copy-copy-copy-2

Carlson’s Double Black Diamond Ends 2021 On A High

Black DiamondIn December, a strong performance helped Carlson Capital's Double Black Diamond fund achieve a double-digit return in 2021. Q4 2021 hedge fund letters, conferences and more Double-Digit Return According to a copy of the latest investor update, which ValueWalk has been able to review, Clint Carlson's Double Black Diamond fund returned 2.9% in December and Read More

1-copy-copy-copy-copy

1-copy-copy-copy

[drizzle]

Sign up for reports from Gavekal Capital

[/drizzle]

Updated on

No posts to display