Gmo Trust Correlations

GEACX Fund

USD 17.88 0.07 0.39%

The current 90-days correlation between Gmo Trust and Global Technology Portfolio is 0.52 (i.e., Very weak diversification). The correlation of Gmo Trust 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 Trust Correlation With Market

Weak diversification

The correlation between Gmo Trust and DJI is 0.35 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Gmo Trust 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 Trust . 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 main economic indicators.

Moving together with Gmo Mutual Fund

0.8	GMAWX	Gmo Small Cap	Pair Corr
0.94	GMOWX	Gmo Resources	Pair Corr
1.0	GAAHX	Gmo Resources	Pair Corr
0.65	VTSAX	Vanguard Total Stock	Pair Corr
0.61	VFIAX	Vanguard 500 Index	Pair Corr
0.65	VTSMX	Vanguard Total Stock	Pair Corr
0.74	VSMPX	Vanguard Total Stock	Pair Corr
0.74	VSTSX	Vanguard Total Stock	Pair Corr
0.74	VITSX	Vanguard Total Stock	Pair Corr
0.61	VFINX	Vanguard 500 Index	Pair Corr
0.71	VFFSX	Vanguard 500 Index	Pair Corr

Moving against Gmo Mutual Fund

0.74	GPBFX	Gmo E Plus	Pair Corr
0.72	GUGAX	Gmo E Plus	Pair Corr
0.67	GMOIX	Gmo International Equity	Pair Corr
0.5	GMDFX	Gmo Emerging Country	Pair Corr
0.44	GHVIX	Gmo High Yield	Pair Corr
0.54	VGTSX	Vanguard Total Inter	Pair Corr
0.54	VTIAX	Vanguard Total Inter	Pair Corr
0.38	HEMZX	Virtus Emerging Markets	Pair Corr
0.38	CKKRX	Columbia Income Builder	Pair Corr
0.38	CBURX	Columbia Income Builder	Pair Corr
0.36	DURIX	Deutsche European Equity	Pair Corr
0.73	ASBFX	Short Term Bond	Pair Corr
0.71	FLRRX	Franklin Low Duration	Pair Corr
0.7	NECRX	Loomis Sayles E	Pair Corr
0.62	PUGCX	Putnam Global Equity	Pair Corr
0.61	TEDPX	Tiaa Cref Emerging	Pair Corr
0.57	UTDIX	My529 International Value	Pair Corr

Related Correlations Analysis

	JGLTX	JAGTX	HTECX	CMTFX	WSTCX
JGLTX		0.92	0.95	0.92	0.96	JGLTX
JAGTX	0.92		0.88	0.99	0.88	JAGTX
HTECX	0.95	0.88		0.86	0.98	HTECX
CMTFX	0.92	0.99	0.86		0.88	CMTFX
WSTCX	0.96	0.88	0.98	0.88		WSTCX
	JGLTX	JAGTX	HTECX	CMTFX	WSTCX

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Risk-Adjusted Indicators

There is a big difference between Gmo Mutual Fund performing well and Gmo Trust 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 Trust'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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
JGLTX	1.18	(0.08)	(0.15)	1.98	(3.11)	6.39
JAGTX	1.16	(0.15)	0.48	2.00	(3.18)	6.40
HTECX	1.12	(0.06)	(0.13)	1.51	(3.14)	5.92
CMTFX	1.34	(0.19)	0.52	2.01	(3.44)	7.85
WSTCX	1.35	(0.05)	(0.12)	1.99	(3.62)	7.03

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