Gmo Emerging Correlations

Mutual Funds . USA . 
Fund . Gmo Emerging Ntry
GMCDX Fund  USD 20.52  0.09  0.44%   
The current 90-days correlation between Gmo Emerging Ntry and Gmo Emerging Country is 0.99 (i.e., No risk reduction). 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

Modest diversification

The correlation between Gmo Emerging Ntry and DJI is 0.23 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Gmo Emerging Ntry 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 Ntry. 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 unemployment.

Moving together with Gmo Mutual Fund

  0.9GUGAX Gmo E PlusPairCorr
  0.89GUSTX Gmo TreasuryPairCorr
  0.73GEMEX Gmo Emerging MarketsPairCorr
  0.73GEMMX Gmo Emerging MarketsPairCorr
  0.74GEMNX Gmo Emerging MarketsPairCorr
  0.86GWOAX Gmo Global DevelopedPairCorr
  0.91IOVFX Gmo InternationalPairCorr
  0.96GHVIX Gmo High YieldPairCorr
  0.91GIEAX Gmo International EquityPairCorr
  0.88GIMFX Gmo ImplementationPairCorr
  0.92GIOTX Gmo InternationalPairCorr
  0.91GMAZX Gmo InternationalPairCorr
  0.79GMADX Gmo Global EquityPairCorr
  0.76GMAHX Gmo Usonian JapanPairCorr
  0.76GMAKX Gmo Usonian JapanPairCorr
  1.0GMDFX Gmo Emerging CountryPairCorr
  0.93GMCFX Gmo International EquityPairCorr
  0.73GMEMX Gmo Emerging MarketsPairCorr
  0.87GMGEX Gmo Global EquityPairCorr
  0.77GMIIX Gmo Usonian JapanPairCorr
  0.91GMODX Gmo Opportunistic IncomePairCorr
  0.73GMOEX Gmo Emerging MarketsPairCorr
  0.91GMOHX Gmo Opportunistic IncomePairCorr
  0.93GMOIX Gmo International EquityPairCorr
  0.91GMOLX Gmo Opportunistic IncomePairCorr
  0.94GMOOX Gmo Global AssetPairCorr
  1.0GMOQX Gmo Emerging CountryPairCorr

Moving against Gmo Mutual Fund

  0.68GMAWX Gmo Small CapPairCorr
  0.68GMAYX Gmo Small CapPairCorr
  0.51GEACX Gmo TrustPairCorr
  0.41GMAQX Gmo Emerging MarketsPairCorr
  0.41GMAUX Gmo Emerging MarketsPairCorr
  0.51GMOWX Gmo ResourcesPairCorr
  0.51GOFIX Gmo ResourcesPairCorr

Related Correlations Analysis

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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.

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