Gmo Us Correlations

GCAVX Fund

USD 20.46 0.02 0.1%

The current 90-days correlation between Gmo Small Cap and Rationalpier 88 Convertible is 0.76 (i.e., Poor diversification). The correlation of Gmo Us 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 Us Correlation With Market

Good diversification

The correlation between Gmo Small Cap and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Gmo Small Cap 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 Small Cap. 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 real.

Moving together with Gmo Mutual Fund

0.64	GEACX	Gmo Trust	Pair Corr
0.9	GMAWX	Gmo Small Cap	Pair Corr
0.9	GMAYX	Gmo Small Cap	Pair Corr
0.72	GMAEX	Gmo Quality Cyclicals	Pair Corr
0.72	GMAOX	Gmo Trust	Pair Corr
0.71	GMAUX	Gmo Emerging Markets	Pair Corr

Moving against Gmo Mutual Fund

0.33	GUSTX	Gmo Treasury	Pair Corr
0.31	GMCFX	Gmo International Equity	Pair Corr
0.31	GMOIX	Gmo International Equity	Pair Corr
0.31	GMOUX	Gmo International Equity	Pair Corr

Related Correlations Analysis

	PBXIX	CICVX	GCV	WEICX	VAADX	FCSKX	XAVKX
PBXIX		0.85	0.66	0.8	0.84	0.9	0.85	PBXIX
CICVX	0.85		0.66	0.9	0.87	0.92	0.81	CICVX
GCV	0.66	0.66		0.69	0.63	0.58	0.71	GCV
WEICX	0.8	0.9	0.69		0.83	0.77	0.77	WEICX
VAADX	0.84	0.87	0.63	0.83		0.81	0.92	VAADX
FCSKX	0.9	0.92	0.58	0.77	0.81		0.81	FCSKX
XAVKX	0.85	0.81	0.71	0.77	0.92	0.81		XAVKX
	PBXIX	CICVX	GCV	WEICX	VAADX	FCSKX	XAVKX

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Risk-Adjusted Indicators

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

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
PBXIX	0.38	(0.02)	0.00	(0.76)	0.00	0.00	0.72	(0.88)	2.90
CICVX	0.57	(0.03)	0.00	(0.08)	0.00	0.00	0.91	(0.97)	3.14
GCV	0.93	0.02	0.01	0.02	1.14	(1.01)	1.83	(1.55)	5.96
WEICX	0.58	0.00	0.01	(0.01)	0.78	(0.59)	1.21	(1.22)	3.63
VAADX	0.60	(0.02)	0.00	(0.25)	0.00	0.00	1.13	(1.21)	3.84
FCSKX	0.47	(0.03)	0.00	(0.09)	0.00	0.00	0.76	(0.90)	3.46
XAVKX	0.47	0.00	0.00	(0.09)	0.62	(0.46)	0.89	(0.81)	2.97

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