Gmo Us Correlations

Mutual Funds . USA . 
Fund . Gmo Small Cap
GCAVX Fund  USD 19.61  0.28  1.45%   
The current 90-days correlation between Gmo Small Cap and Fidelity Series Government is 0.19 (i.e., Average 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

Poor diversification

The correlation between Gmo Small Cap and DJI is 0.78 (i.e., Poor 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

  0.71GUSOX Gmo TrustPairCorr
  0.8GEACX Gmo TrustPairCorr
  0.94GMAWX Gmo Small CapPairCorr
  0.94GMAYX Gmo Small CapPairCorr
  0.7GMAQX Gmo Emerging MarketsPairCorr
  0.7GMAUX Gmo Emerging MarketsPairCorr
  0.95GMCQX Gmo Equity AllocationPairCorr
  0.73PPAEX Gmo TrustPairCorr
  0.72PPAJX Gmo Opportunistic ValuePairCorr

Moving against Gmo Mutual Fund

  0.68GMAZX Gmo InternationalPairCorr
  0.67GUGAX Gmo E PlusPairCorr
  0.67GIMFX Gmo ImplementationPairCorr
  0.62IOVFX Gmo InternationalPairCorr
  0.62GIOTX Gmo InternationalPairCorr
  0.61GUSTX Gmo TreasuryPairCorr
  0.6GIEAX Gmo International EquityPairCorr
  0.42GEMNX Gmo Emerging MarketsPairCorr
  0.41GEMEX Gmo Emerging MarketsPairCorr
  0.41GEMMX Gmo Emerging MarketsPairCorr
  0.72GMODX Gmo Opportunistic IncomePairCorr
  0.72GMOHX Gmo Opportunistic IncomePairCorr
  0.69GMAHX Gmo Usonian JapanPairCorr
  0.69GMAKX Gmo Usonian JapanPairCorr
  0.67GMIIX Gmo Usonian JapanPairCorr
  0.65GMOLX Gmo Opportunistic IncomePairCorr
  0.59GMOIX Gmo International EquityPairCorr
  0.53GMCFX Gmo International EquityPairCorr
  0.42GMCDX Gmo Emerging NtryPairCorr
  0.42GMEMX Gmo Emerging MarketsPairCorr
  0.41GMOEX Gmo Emerging MarketsPairCorr
  0.35GMOOX Gmo Global AssetPairCorr
  0.66GPBFX Gmo E PlusPairCorr
  0.58GMOUX Gmo International EquityPairCorr
  0.42GMOQX Gmo Emerging CountryPairCorr
  0.38GMWRX Gmo Global AssetPairCorr

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 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.

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