Gmo Us Correlations

Mutual Funds . USA . 
Fund . Gmo Equity Allocation
GMCQX Fund  USD 12.81  0.24  1.91%   
The current 90-days correlation between Gmo Equity Allocation and Rbb Fund is 0.06 (i.e., Significant diversification). The correlation of Gmo Us 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 Us Correlation With Market

Poor diversification

The correlation between Gmo Equity Allocation and DJI is 0.78 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Gmo Equity Allocation 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 Equity Allocation. 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 producer price index.

Moving together with Gmo Mutual Fund

  0.75GUSOX Gmo TrustPairCorr
  0.75GEACX Gmo TrustPairCorr
  0.83GMAWX Gmo Small CapPairCorr
  0.83GMAYX Gmo Small CapPairCorr
  0.66GMAEX Gmo Quality CyclicalsPairCorr
  0.67GMAOX Gmo TrustPairCorr
  0.75PPADX Gmo TrustPairCorr
  0.76PPAEX Gmo TrustPairCorr
  0.75PPAJX Gmo Opportunistic ValuePairCorr

Moving against Gmo Mutual Fund

  0.56GUGAX Gmo E PlusPairCorr
  0.55GIMFX Gmo ImplementationPairCorr
  0.55GMAZX Gmo InternationalPairCorr
  0.54IOVFX Gmo InternationalPairCorr
  0.48GUSTX Gmo TreasuryPairCorr
  0.48GIOTX Gmo InternationalPairCorr
  0.47GIEAX Gmo International EquityPairCorr
  0.32GEMEX Gmo Emerging MarketsPairCorr
  0.64GMAKX Gmo Usonian JapanPairCorr
  0.63GMOLX Gmo Opportunistic IncomePairCorr
  0.61GMAHX Gmo Usonian JapanPairCorr
  0.6GMOHX Gmo Opportunistic IncomePairCorr
  0.59GMIIX Gmo Usonian JapanPairCorr
  0.59GMODX Gmo Opportunistic IncomePairCorr
  0.45GMCFX Gmo International EquityPairCorr
  0.45GMOIX Gmo International EquityPairCorr
  0.56GPBFX Gmo E PlusPairCorr
  0.45GMOUX Gmo International EquityPairCorr

Related Correlations Analysis

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.
High positive correlations   
FFCGX
+ 0.94
WMCANX
WMCANX
+ 0.62
FVKVWX
FFCGX
+ 0.54
FVKVWX
WMCANX
+ 0.5
FFCDAX
FFCGX
+ 0.43
FFCDAX
FSULTX
+ 0.37
OPTCX
  
High negative correlations   
FSULTX
- 0.17
FVKVWX
FVKVWX
- 0.16
OPTCX
FFCDAX
- 0.03
FVKVWX
FSULTX
- 0.0
FFCGX

Risk-Adjusted Indicators

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