Gmo Alternative Correlations

Mutual Funds . USA . 
Fund . Gmo Alternative Allocation
GAAKX Fund  USD 18.34  0.07  0.38%   
The current 90-days correlation between Gmo Alternative Allo and Ab Global Bond is -0.15 (i.e., Good diversification). The correlation of Gmo Alternative 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 Alternative Correlation With Market

Significant diversification

The correlation between Gmo Alternative Allocation and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Gmo Alternative Allocation 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 Alternative Allocation. 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 industry.

Moving together with Gmo Mutual Fund

  0.84GUGAX Gmo E PlusPairCorr
  0.76GUSTX Gmo TreasuryPairCorr
  0.69GEMEX Gmo Emerging MarketsPairCorr
  0.68GEMMX Gmo Emerging MarketsPairCorr
  0.68GEMNX Gmo Emerging MarketsPairCorr
  0.87IOVFX Gmo InternationalPairCorr
  0.83GIEAX Gmo International EquityPairCorr
  0.89GIMFX Gmo ImplementationPairCorr
  0.83GIOTX Gmo InternationalPairCorr
  0.87GMAZX Gmo InternationalPairCorr
  0.86GMAHX Gmo Usonian JapanPairCorr
  0.65GMDFX Gmo Emerging CountryPairCorr
  0.65GMCDX Gmo Emerging NtryPairCorr
  0.81GMCFX Gmo International EquityPairCorr
  0.68GMEMX Gmo Emerging MarketsPairCorr
  0.86GMIIX Gmo Usonian JapanPairCorr
  0.87GMODX Gmo Opportunistic IncomePairCorr
  0.68GMOEX Gmo Emerging MarketsPairCorr
  0.87GMOHX Gmo Opportunistic IncomePairCorr
  0.81GMOIX Gmo International EquityPairCorr
  0.88GMOLX Gmo Opportunistic IncomePairCorr
  0.72GMOOX Gmo Global AssetPairCorr
  0.66GMOQX Gmo Emerging CountryPairCorr

Moving against Gmo Mutual Fund

  0.89GMAWX Gmo Small CapPairCorr
  0.89GMAYX Gmo Small CapPairCorr
  0.74GEACX Gmo TrustPairCorr
  0.31GMAEX Gmo Quality CyclicalsPairCorr
  0.81GMCQX Gmo Equity AllocationPairCorr
  0.41GMAQX Gmo Emerging MarketsPairCorr
  0.41GMAUX Gmo Emerging MarketsPairCorr
  0.81GMUEX Gmo Equity AllocationPairCorr
  0.75GMOWX Gmo ResourcesPairCorr
  0.75GOFIX Gmo ResourcesPairCorr
  0.74GMOYX Gmo TrustPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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