Gateway Equity Correlations

Mutual Funds . USA . 
Fund . Gateway Equity Call
GCPAX Fund  USD 19.42  0.02  0.10%   
The current 90-days correlation between Gateway Equity Call and Touchstone International Equity is 0.62 (i.e., Poor diversification). The correlation of Gateway Equity 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.

Gateway Equity Correlation With Market

Poor diversification

The correlation between Gateway Equity Call and DJI is 0.72 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Gateway Equity Call 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 Gateway Equity Call. 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 nation.

Moving together with Gateway Mutual Fund

  0.74AMFAX Asg Managed FuturesPairCorr
  0.74AMFNX Asg Managed FuturesPairCorr
  0.81NOANX Natixis OakmarkPairCorr
  1.0GCPCX Gateway Equity CallPairCorr
  1.0GCPNX Gateway Equity CallPairCorr
  1.0GCPYX Gateway Equity CallPairCorr
  0.83LGMAX Loomis Sayles GlobalPairCorr
  0.83LGMCX Loomis Sayles GlobalPairCorr
  0.83LGMNX Loomis Sayles GlobalPairCorr
  0.89LGRCX Loomis Sayles GrowthPairCorr
  0.92LGRNX Loomis Sayles GrowthPairCorr
  0.91LGRRX Loomis Sayles GrowthPairCorr
  0.92VNSYX Vaughan Nelson SelectPairCorr
  0.92VNSCX Vaughan Nelson SelectPairCorr
  0.92VNSAX Vaughan Nelson SelectPairCorr
  0.92VNSNX Vaughan Nelson SelectPairCorr
  0.62VNVCX Vaughan Nelson ValuePairCorr
  0.65VNVAX Vaughan Nelson ValuePairCorr
  0.66VNVNX Vaughan Nelson ValuePairCorr
  0.66VNVYX Vaughan Nelson ValuePairCorr
  0.63LIGCX Loomis Sayles InternPairCorr
  0.62LIGGX Loomis Sayles InternPairCorr
  0.62LIGNX Loomis Sayles InternPairCorr
  0.62LIGYX Loomis Sayles InternPairCorr
  0.82NSFLX Natixis SustainablePairCorr
  0.83NSFKX Natixis SustainablePairCorr
  0.79NSFJX Natixis SustainablePairCorr

Moving against Gateway Mutual Fund

  0.54LGANX Loomis Sayles LimitedPairCorr
  0.35NOIAX Natixis Oakmark IntePairCorr
  0.35NOICX Natixis Oakmark IntePairCorr
  0.35NOIYX Natixis Oakmark IntlPairCorr
  0.35LGBNX Loomis Sayles InvestmentPairCorr
  0.34LGBCX Loomis Sayles InvestmentPairCorr
  0.34LIGAX Loomis Sayles InvestmentPairCorr
  0.33LIGRX Loomis Sayles InvestmentPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Gateway Mutual Fund performing well and Gateway Equity 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 Gateway Equity'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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2024 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY