Gmo Emerging Correlations

GEMEX Fund

USD 24.32 0.13 0.53%

The correlation of Gmo Emerging 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 Emerging Correlation With Market

Weak diversification

The correlation between Gmo Emerging Markets and DJI is 0.32 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Gmo Emerging Markets 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 Emerging Markets. 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 income.

Moving together with Gmo Mutual Fund

0.75	GUGAX	Gmo E Plus	Pair Corr
0.64	GUSTX	Gmo Treasury	Pair Corr
0.89	GEMMX	Gmo Emerging Markets	Pair Corr
1.0	GEMNX	Gmo Emerging Markets	Pair Corr
0.76	GWOAX	Gmo Global Developed	Pair Corr
0.85	IOVFX	Gmo International	Pair Corr
0.81	GIEAX	Gmo International Equity	Pair Corr
0.79	GIMFX	Gmo Implementation	Pair Corr
0.77	GIOTX	Gmo International	Pair Corr
0.85	GMAZX	Gmo International	Pair Corr
0.78	GMADX	Gmo Global Equity	Pair Corr
0.77	GMAHX	Gmo Usonian Japan	Pair Corr
0.76	GMDFX	Gmo Emerging Country	Pair Corr
0.68	GMCDX	Gmo Emerging Ntry	Pair Corr
0.88	GMCFX	Gmo International Equity	Pair Corr
0.89	GMEMX	Gmo Emerging Markets	Pair Corr
0.7	GMGEX	Gmo Global Equity	Pair Corr
0.86	GMIIX	Gmo Usonian Japan	Pair Corr
0.74	GMODX	Gmo Opportunistic Income	Pair Corr
0.89	GMOEX	Gmo Emerging Markets	Pair Corr
0.69	GMOHX	Gmo Opportunistic Income	Pair Corr
0.88	GMOIX	Gmo International Equity	Pair Corr
0.74	GMOLX	Gmo Opportunistic Income	Pair Corr
0.9	GMOOX	Gmo Global Asset	Pair Corr
0.67	GMOQX	Gmo Emerging Country	Pair Corr

Moving against Gmo Mutual Fund

0.6	GMAWX	Gmo Small Cap	Pair Corr
0.6	GMAYX	Gmo Small Cap	Pair Corr
0.43	GEACX	Gmo Trust	Pair Corr
0.31	GMCQX	Gmo Equity Allocation	Pair Corr
0.48	GOVIX	Gmo Resources	Pair Corr
0.43	GMOWX	Gmo Resources	Pair Corr

Related Correlations Analysis

	HUCXX	FAFSX	SMAAX	JHMXX	GCFSX	IVMXX	SBFAX	SWGXX
HUCXX		0.0	0.0	0.0	0.0	0.0	0.0	0.0	HUCXX
FAFSX	0.0		0.22	0.0	0.45	0.0	0.89	0.1	FAFSX
SMAAX	0.0	0.22		0.0	0.61	0.0	0.3	0.32	SMAAX
JHMXX	0.0	0.0	0.0		0.0	0.0	0.0	0.0	JHMXX
GCFSX	0.0	0.45	0.61	0.0		0.0	0.57	0.25	GCFSX
IVMXX	0.0	0.0	0.0	0.0	0.0		0.0	0.0	IVMXX
SBFAX	0.0	0.89	0.3	0.0	0.57	0.0		0.15	SBFAX
SWGXX	0.0	0.1	0.32	0.0	0.25	0.0	0.15		SWGXX
	HUCXX	FAFSX	SMAAX	JHMXX	GCFSX	IVMXX	SBFAX	SWGXX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

SBFAX	+ 0.89	FAFSX
GCFSX	+ 0.61	SMAAX
SBFAX	+ 0.57	GCFSX
GCFSX	+ 0.45	FAFSX
SWGXX	+ 0.32	SMAAX
SBFAX	+ 0.3	SMAAX

High negative correlations

SWGXX	- 0.0	IVMXX
SBFAX	- 0.0	IVMXX
IVMXX	- 0.0	GCFSX
SWGXX	- 0.0	JHMXX
SBFAX	- 0.0	JHMXX
IVMXX	- 0.0	JHMXX

Risk-Adjusted Indicators

There is a big difference between Gmo Mutual Fund performing well and Gmo Emerging 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 Emerging'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
HUCXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
FAFSX	0.91	(0.04)	0.00	(0.07)	0.00	0.00	1.71	(2.71)	6.26
SMAAX	0.13	(0.02)	0.00	(0.99)	0.00	0.00	0.20	(0.39)	0.90
JHMXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
GCFSX	0.73	0.12	0.12	0.14	0.88	(0.81)	1.80	(1.39)	4.68
IVMXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SBFAX	0.74	0.02	0.05	0.18	0.98	(0.86)	1.69	(1.32)	5.22
SWGXX	0.03	0.01	0.00	(0.17)	0.00	0.00	0.00	0.00	1.01

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