Gmo Small Correlations

Mutual Funds USA . 
Fund . Gmo Small Cap
GMAYX Fund   21.81  0.27  1.22%   
The current 90-days correlation between Gmo Small Cap and Allianzgi Health Sciences is -0.05 (i.e., Good diversification). The correlation of Gmo Small 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 Small Correlation With Market

Poor diversification

The correlation between Gmo Small Cap and DJI is 0.73 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Gmo Small Cap 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 Small Cap. 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 manufacturing.

Moving together with Gmo Mutual Fund

  0.85GEACX Gmo TrustPairCorr
  0.71GMAUX Gmo Emerging MarketsPairCorr
  0.85GMCQX Gmo Equity AllocationPairCorr

Moving against Gmo Mutual Fund

  0.84GUGAX Gmo E PlusPairCorr
  0.84GMAZX Gmo InternationalPairCorr
  0.82GIMFX Gmo ImplementationPairCorr
  0.8GIOTX Gmo InternationalPairCorr
  0.78GIEAX Gmo International EquityPairCorr
  0.77GUSTX Gmo TreasuryPairCorr
  0.77IOVFX Gmo InternationalPairCorr
  0.57GEMEX Gmo Emerging MarketsPairCorr
  0.57GEMMX Gmo Emerging MarketsPairCorr
  0.57GEMNX Gmo Emerging MarketsPairCorr
  0.87GMOHX Gmo Opportunistic IncomePairCorr
  0.86GMODX Gmo Opportunistic IncomePairCorr
  0.8GMAHX Gmo Usonian JapanPairCorr
  0.8GMAKX Gmo Usonian JapanPairCorr
  0.79GMOLX Gmo Opportunistic IncomePairCorr
  0.78GMIIX Gmo Usonian JapanPairCorr
  0.71GMCFX Gmo International EquityPairCorr
  0.66GMCDX Gmo Emerging NtryPairCorr
  0.57GMEMX Gmo Emerging MarketsPairCorr
  0.57GMOEX Gmo Emerging MarketsPairCorr
  0.55GMOOX Gmo Global AssetPairCorr
  0.45GMOIX Gmo International EquityPairCorr
  0.42GMDFX Gmo Emerging CountryPairCorr
  0.83GPBFX Gmo E PlusPairCorr
  0.77GMOUX Gmo International EquityPairCorr
  0.66GMOQX Gmo Emerging CountryPairCorr
  0.6GMWRX Gmo Global AssetPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Gmo Mutual Fund performing well and Gmo Small 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 Small'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.

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