Gateway Equity Correlations

GCPNX Fund

USD 20.11 0.06 0.30%

The current 90-days correlation between Gateway Equity Call and Jpmorgan Emerging Markets is 0.14 (i.e., Average 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

Good diversification

The correlation between Gateway Equity Call and DJI is -0.17 (i.e., Good 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 board of governors.

Moving together with Gateway Mutual Fund

0.82	NOIAX	Natixis Oakmark Inte	Pair Corr
0.79	NOICX	Natixis Oakmark Inte	Pair Corr
0.82	GCPAX	Gateway Equity Call	Pair Corr
0.81	GCPCX	Gateway Equity Call	Pair Corr
0.82	NOIYX	Natixis Oakmark Intl	Pair Corr
1.0	GCPYX	Gateway Equity Call	Pair Corr
0.61	LGBCX	Loomis Sayles Investment	Pair Corr
0.62	LGBNX	Loomis Sayles Investment	Pair Corr
0.87	LIGCX	Loomis Sayles Intern	Pair Corr
0.87	LIGGX	Loomis Sayles Intern	Pair Corr
0.85	LIGNX	Loomis Sayles Intern	Pair Corr
0.84	LIGYX	Loomis Sayles Intern	Pair Corr
0.67	NSFKX	Natixis Sustainable	Pair Corr

Related Correlations Analysis

	JFAMX	EMSLX	SEKRX	PIEFX	BXECX	ECSWX	ZEMIX
JFAMX		0.86	0.76	0.92	0.81	0.68	0.93	JFAMX
EMSLX	0.86		0.81	0.95	0.74	0.48	0.86	EMSLX
SEKRX	0.76	0.81		0.86	0.65	0.29	0.76	SEKRX
PIEFX	0.92	0.95	0.86		0.77	0.5	0.89	PIEFX
BXECX	0.81	0.74	0.65	0.77		0.71	0.81	BXECX
ECSWX	0.68	0.48	0.29	0.5	0.71		0.71	ECSWX
ZEMIX	0.93	0.86	0.76	0.89	0.81	0.71		ZEMIX
	JFAMX	EMSLX	SEKRX	PIEFX	BXECX	ECSWX	ZEMIX

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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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
JFAMX	0.70	0.04	0.03	0.12	0.95	(0.67)	1.51	(1.42)	4.22
EMSLX	0.62	0.03	0.03	0.17	0.86	(0.60)	1.25	(1.34)	3.66
SEKRX	0.64	0.06	0.06	1.37	0.77	(0.71)	1.52	(1.56)	3.71
PIEFX	0.72	0.07	0.06	0.35	0.93	(0.72)	1.46	(1.61)	4.27
BXECX	0.21	0.03	0.08	(0.72)	0.06	(0.30)	0.54	(0.40)	1.35
ECSWX	0.55	0.11	0.12	(1.00)	0.63	(0.62)	1.24	(0.90)	6.16
ZEMIX	0.64	0.08	0.08	0.31	0.75	(0.71)	1.58	(1.44)	4.37

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Gateway Equity Correlations

Gateway Equity Correlation With Market

Good diversification

Moving together with Gateway Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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