Gateway Equity Correlations

Mutual Funds . USA . 
Fund . Gateway Equity Call
GCPNX Fund  USD 19.40  0.03  0.15%   
The current 90-days correlation between Gateway Equity Call and Government Securities Fund is 0.11 (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

Poor diversification

The correlation between Gateway Equity Call and DJI is 0.73 (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 board of governors.

Moving together with Gateway Mutual Fund

  0.74AMFAX Asg Managed FuturesPairCorr
  0.74AMFNX Asg Managed FuturesPairCorr
  0.81NOANX Natixis OakmarkPairCorr
  1.0GCPAX Gateway Equity CallPairCorr
  1.0GCPCX 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
  0.91VNSCX Vaughan Nelson SelectPairCorr
  0.92VNSAX Vaughan Nelson SelectPairCorr
  0.92VNSNX Vaughan Nelson SelectPairCorr
  0.62VNVCX Vaughan Nelson ValuePairCorr
  0.65VNVAX Vaughan Nelson ValuePairCorr
  0.65VNVNX Vaughan Nelson ValuePairCorr
  0.65VNVYX Vaughan Nelson ValuePairCorr
  0.64LIGCX Loomis Sayles InternPairCorr
  0.63LIGGX 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
  0.35LGBNX Loomis Sayles InvestmentPairCorr
  0.34NOIAX Natixis Oakmark IntePairCorr
  0.34NOICX Natixis Oakmark IntePairCorr
  0.34NOIYX Natixis Oakmark IntlPairCorr
  0.33LGBCX Loomis Sayles InvestmentPairCorr
  0.33LIGAX Loomis Sayles InvestmentPairCorr
  0.33LIGRX Loomis Sayles InvestmentPairCorr

Related Correlations Analysis

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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.

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