Gmo Emerging Correlations

GEMNX Fund

USD 24.45 0.09 0.37%

The current 90-days correlation between Gmo Emerging Markets and Global Diversified Income is 0.15 (i.e., Average diversification). 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 board of governors.

Moving together with Gmo Mutual Fund

0.75	GUGAX	Gmo E Plus	Pair Corr
0.64	GUSTX	Gmo Treasury	Pair Corr
1.0	GEMEX	Gmo Emerging Markets	Pair Corr
0.89	GEMMX	Gmo Emerging Markets	Pair Corr
0.77	GWOAX	Gmo Global Developed	Pair Corr
0.81	GIEAX	Gmo International Equity	Pair Corr
0.79	GIMFX	Gmo Implementation	Pair Corr
0.78	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
0.77	GMDFX	Gmo Emerging Country	Pair Corr
0.68	GMCDX	Gmo Emerging Ntry	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
0.68	GMOQX	Gmo Emerging Country	Pair Corr
0.88	GMOUX	Gmo International Equity	Pair Corr

Moving against Gmo Mutual Fund

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

Related Correlations Analysis

	PGBAX	MDBLX	MBLAX	PHTTX	FZABX	BDVFX	ACBPX
PGBAX		0.95	0.77	0.67	0.9	0.92	0.96	PGBAX
MDBLX	0.95		0.59	0.47	0.82	0.97	0.99	MDBLX
MBLAX	0.77	0.59		0.92	0.76	0.58	0.62	MBLAX
PHTTX	0.67	0.47	0.92		0.71	0.47	0.49	PHTTX
FZABX	0.9	0.82	0.76	0.71		0.79	0.82	FZABX
BDVFX	0.92	0.97	0.58	0.47	0.79		0.98	BDVFX
ACBPX	0.96	0.99	0.62	0.49	0.82	0.98		ACBPX
	PGBAX	MDBLX	MBLAX	PHTTX	FZABX	BDVFX	ACBPX

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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
PGBAX	0.14	0.01	0.23	0.10	0.09	(0.18)	0.34	(0.25)	0.85
MDBLX	0.23	0.02	0.18	0.28	0.18	(0.30)	0.50	(0.38)	1.38
MBLAX	0.27	0.00	0.08	(0.02)	0.35	(0.30)	0.62	(0.54)	1.51
PHTTX	0.35	0.00	0.00	(0.05)	0.00	0.00	0.67	(0.67)	1.95
FZABX	0.74	0.09	0.10	0.11	1.00	(0.72)	1.45	(1.37)	6.16
BDVFX	0.25	0.00	0.07	(0.08)	0.32	(0.28)	0.54	(0.54)	1.41
ACBPX	0.25	0.01	0.15	0.29	0.23	(0.30)	0.56	(0.44)	1.23

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