Gmo Asset Correlations

Mutual Funds . USA . 
Fund . Gmo Asset Allocation
GABFX Fund  USD 18.49  0.27  1.44%   
The current 90-days correlation between Gmo Asset Allocation and Eip Growth And is 0.27 (i.e., Modest diversification). The correlation of Gmo Asset 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 Asset Correlation With Market

Significant diversification

The correlation between Gmo Asset Allocation and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Gmo Asset 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 Asset 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 census.

Moving together with Gmo Mutual Fund

  0.97GUGAX Gmo E PlusPairCorr
  0.69GUSTX Gmo TreasuryPairCorr
  0.68GEMEX Gmo Emerging MarketsPairCorr
  0.69GEMMX Gmo Emerging MarketsPairCorr
  0.68GEMNX Gmo Emerging MarketsPairCorr
  0.83IOVFX Gmo InternationalPairCorr
  0.71GHVIX Gmo High YieldPairCorr
  0.82GIEAX Gmo International EquityPairCorr
  0.83GIMFX Gmo ImplementationPairCorr
  0.82GIOTX Gmo InternationalPairCorr
  0.83GMAZX Gmo InternationalPairCorr
  0.81GMAHX Gmo Usonian JapanPairCorr
  0.81GMAKX Gmo Usonian JapanPairCorr
  0.78GMDFX Gmo Emerging CountryPairCorr
  0.78GMCDX Gmo Emerging NtryPairCorr
  0.81GMCFX Gmo International EquityPairCorr
  0.68GMEMX Gmo Emerging MarketsPairCorr
  0.83GMIIX Gmo Usonian JapanPairCorr
  0.88GMODX Gmo Opportunistic IncomePairCorr
  0.68GMOEX Gmo Emerging MarketsPairCorr
  0.88GMOHX Gmo Opportunistic IncomePairCorr
  0.81GMOIX Gmo International EquityPairCorr
  0.89GMOLX Gmo Opportunistic IncomePairCorr
  0.78GMOOX Gmo Global AssetPairCorr
  0.78GMOQX Gmo Emerging CountryPairCorr

Moving against Gmo Mutual Fund

  0.81GEACX Gmo TrustPairCorr
  0.74GMAWX Gmo Small CapPairCorr
  0.74GMAYX Gmo Small CapPairCorr
  0.58GMCQX Gmo Equity AllocationPairCorr
  0.81GMOWX Gmo ResourcesPairCorr
  0.81GOFIX Gmo ResourcesPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

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