Gmo Emerging Correlations

GMAUX Fund

USD 11.81 0.04 0.34%

The current 90-days correlation between Gmo Emerging Markets and Delaware Limited Term Diversified is -0.12 (i.e., Good 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

Significant diversification

The correlation between Gmo Emerging Markets and DJI is 0.06 (i.e., Significant 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 employment.

Moving together with Gmo Mutual Fund

0.64	GEACX	Gmo Trust	Pair Corr
0.81	GMAQX	Gmo Emerging Markets	Pair Corr

Moving against Gmo Mutual Fund

0.38	GUGAX	Gmo E Plus	Pair Corr
0.33	GUSTX	Gmo Treasury	Pair Corr
0.45	GMOHX	Gmo Opportunistic Income	Pair Corr
0.4	GMODX	Gmo Opportunistic Income	Pair Corr
0.4	GMOLX	Gmo Opportunistic Income	Pair Corr
0.45	GAAAX	Gmo Opportunistic Income	Pair Corr
0.43	GPBFX	Gmo E Plus	Pair Corr

Related Correlations Analysis

	DLTZX	DIFIX	ACDOX	BDVFX	OIDAX	QDARX	MBLAX
DLTZX		0.92	0.72	0.93	0.59	0.95	0.56	DLTZX
DIFIX	0.92		0.75	0.94	0.79	0.86	0.77	DIFIX
ACDOX	0.72	0.75		0.86	0.61	0.61	0.39	ACDOX
BDVFX	0.93	0.94	0.86		0.68	0.84	0.58	BDVFX
OIDAX	0.59	0.79	0.61	0.68		0.55	0.74	OIDAX
QDARX	0.95	0.86	0.61	0.84	0.55		0.53	QDARX
MBLAX	0.56	0.77	0.39	0.58	0.74	0.53		MBLAX
	DLTZX	DIFIX	ACDOX	BDVFX	OIDAX	QDARX	MBLAX

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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
DLTZX	0.08	0.01	0.27	0.80	0.00	(0.18)	0.26	(0.13)	0.64
DIFIX	0.28	0.01	0.10	0.03	0.35	(0.33)	0.58	(0.57)	1.51
ACDOX	0.24	0.04	0.27	0.62	0.08	(0.30)	0.55	(0.34)	1.46
BDVFX	0.25	0.00	0.07	(0.08)	0.32	(0.28)	0.54	(0.54)	1.41
OIDAX	0.71	(0.02)	0.00	(0.09)	0.00	0.00	1.42	(1.46)	5.03
QDARX	0.08	0.03	0.61	1.49	0.00	(0.13)	0.25	(0.08)	0.49
MBLAX	0.27	0.00	0.08	(0.02)	0.35	(0.30)	0.62	(0.54)	1.51

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