Gmo Implementation Correlations

GIMFX Fund

USD 13.49 0.04 0.30%

The current 90-days correlation between Gmo Implementation and Artisan High Income is -0.1 (i.e., Good diversification). The correlation of Gmo Implementation 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 Implementation Correlation With Market

Very weak diversification

The correlation between Gmo Implementation Fund and DJI is 0.5 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Gmo Implementation Fund 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 Implementation Fund. 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 census.

Moving together with Gmo Mutual Fund

0.94	GUGAX	Gmo E Plus	Pair Corr
0.84	GUSTX	Gmo Treasury	Pair Corr
0.81	GEMEX	Gmo Emerging Markets	Pair Corr
0.89	GEMMX	Gmo Emerging Markets	Pair Corr
0.89	GEMNX	Gmo Emerging Markets	Pair Corr
0.64	GWOAX	Gmo Global Developed	Pair Corr
0.7	IOVFX	Gmo International	Pair Corr
0.71	GHVIX	Gmo High Yield	Pair Corr
0.98	GIEAX	Gmo International Equity	Pair Corr
0.7	GIOTX	Gmo International	Pair Corr
0.7	GMAZX	Gmo International	Pair Corr
0.69	GMADX	Gmo Global Equity	Pair Corr
0.69	GMAHX	Gmo Usonian Japan	Pair Corr
0.69	GMAKX	Gmo Usonian Japan	Pair Corr
0.86	GMDFX	Gmo Emerging Country	Pair Corr
0.7	GMCFX	Gmo International Equity	Pair Corr
0.89	GMEMX	Gmo Emerging Markets	Pair Corr
0.68	GMGEX	Gmo Global Equity	Pair Corr
0.95	GMIIX	Gmo Usonian Japan	Pair Corr
0.9	GMODX	Gmo Opportunistic Income	Pair Corr
0.89	GMOEX	Gmo Emerging Markets	Pair Corr
0.69	GMOHX	Gmo Opportunistic Income	Pair Corr
0.7	GMOIX	Gmo International Equity	Pair Corr
0.7	GMOLX	Gmo Opportunistic Income	Pair Corr
0.63	GMOOX	Gmo Global Asset	Pair Corr
0.7	GMOUX	Gmo International Equity	Pair Corr

Moving against Gmo Mutual Fund

0.8	GMAWX	Gmo Small Cap	Pair Corr
0.68	GEACX	Gmo Trust	Pair Corr
0.65	GMAYX	Gmo Small Cap	Pair Corr
0.61	GMCQX	Gmo Equity Allocation	Pair Corr
0.72	GOVIX	Gmo Resources	Pair Corr
0.71	GMOWX	Gmo Resources	Pair Corr
0.71	GOFIX	Gmo Resources	Pair Corr
0.63	GMOYX	Gmo Trust	Pair Corr

Related Correlations Analysis

	ARTFX	ABNTX	DLTNX	JAFLX	FMUUX	LTXFX	MBSAX
ARTFX		0.83	0.49	0.44	0.89	0.9	0.82	ARTFX
ABNTX	0.83		0.77	0.69	0.95	0.89	0.95	ABNTX
DLTNX	0.49	0.77		0.93	0.68	0.66	0.8	DLTNX
JAFLX	0.44	0.69	0.93		0.61	0.6	0.77	JAFLX
FMUUX	0.89	0.95	0.68	0.61		0.9	0.91	FMUUX
LTXFX	0.9	0.89	0.66	0.6	0.9		0.91	LTXFX
MBSAX	0.82	0.95	0.8	0.77	0.91	0.91		MBSAX
	ARTFX	ABNTX	DLTNX	JAFLX	FMUUX	LTXFX	MBSAX

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Risk-Adjusted Indicators

There is a big difference between Gmo Mutual Fund performing well and Gmo Implementation 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 Implementation'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
ARTFX	0.13	0.01	0.04	(0.18)	0.06	(0.19)	0.44	(0.22)	0.89
ABNTX	0.15	0.04	0.18	(17.36)	0.00	(0.20)	0.30	(0.29)	0.99
DLTNX	0.23	0.03	0.13	1.32	0.05	(0.32)	0.57	(0.34)	1.40
JAFLX	0.24	0.03	0.13	(0.62)	0.14	(0.30)	0.61	(0.40)	1.44
FMUUX	0.03	0.00	0.00	(0.05)	0.00	0.00	0.10	0.00	0.40
LTXFX	0.10	(0.01)	(0.02)	(0.54)	0.13	(0.14)	0.26	(0.26)	0.65
MBSAX	0.18	0.01	0.04	(0.16)	0.20	(0.21)	0.36	(0.30)	1.34

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