Gmo Resources Correlations

Mutual Funds . USA . 
Fund . Gmo Resources
GAAHX Fund  USD 18.88  0.19  1.00%   
The current 90-days correlation between Gmo Resources and Siit High Yield is 0.09 (i.e., Significant diversification). The correlation of Gmo Resources 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.

Gmo Resources Correlation With Market

Modest diversification

The correlation between Gmo Resources and DJI is 0.26 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Gmo Resources 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 Gmo Resources. 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 rate.

Moving together with Gmo Mutual Fund

  0.89GUGAX Gmo E PlusPairCorr
  0.72GUSOX Gmo TrustPairCorr
  1.0GEACX Gmo Trust Steady GrowthPairCorr
  0.91GEMEX Gmo Emerging MarketsPairCorr
  0.91GEMMX Gmo Emerging MarketsPairCorr
  0.91GEMNX Gmo Emerging MarketsPairCorr
  0.73GWOAX Gmo Global DevelopedPairCorr
  0.91IOVFX Gmo InternationalPairCorr
  0.77GHVIX Gmo High YieldPairCorr
  0.75GIEAX Gmo International EquityPairCorr
  0.88GIMFX Gmo ImplementationPairCorr
  0.62GIOTX Gmo InternationalPairCorr
  0.61GMAWX Gmo Small CapPairCorr
  0.65GMAYX Gmo Small CapPairCorr
  0.91GMAZX Gmo InternationalPairCorr
  0.7GMADX Gmo Global EquityPairCorr
  0.82GMAEX Gmo Quality CyclicalsPairCorr
  0.72GMAHX Gmo Usonian JapanPairCorr
  0.71GMAKX Gmo Usonian JapanPairCorr
  0.83GMAOX Gmo TrustPairCorr
  0.87GMAQX Gmo Emerging MarketsPairCorr
  0.87GMAUX Gmo Emerging MarketsPairCorr
  0.81GMDFX Gmo Emerging CountryPairCorr
  0.81GMCDX Gmo Emerging NtryPairCorr
  0.91GMEMX Gmo Emerging MarketsPairCorr
  0.74GMGEX Gmo Global EquityPairCorr
  0.7GMIIX Gmo Usonian JapanPairCorr
  0.91GMOEX Gmo Emerging MarketsPairCorr
  0.8GMOOX Gmo Global AssetPairCorr
  0.73PPAJX Gmo Opportunistic ValuePairCorr
  0.82GMOQX Gmo Emerging CountryPairCorr
  1.0GMOWX Gmo Resources Steady GrowthPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Gmo Mutual Fund performing well and Gmo Resources 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 Gmo Resources' 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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