Gmo-usonian Japan Correlations

Mutual Funds . USA . 
Fund . Gmo Usonian Japan Value
GMIIX Fund  USD 21.56  0.10  0.47%   
The current 90-days correlation between Gmo Usonian Japan and Saat Defensive Strategy is -0.13 (i.e., Good diversification). The correlation of Gmo-usonian Japan 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-usonian Japan Correlation With Market

Very weak diversification

The correlation between Gmo Usonian Japan Value and DJI is 0.53 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Gmo Usonian Japan Value 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 Usonian Japan Value. 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 gross domestic product.

Moving together with Gmo-usonian Mutual Fund

  0.62GEMEX Gmo Emerging MarketsPairCorr
  0.87GEMMX Gmo Emerging MarketsPairCorr
  0.87GEMNX Gmo Emerging MarketsPairCorr
  0.92IOVFX Gmo InternationalPairCorr
  0.95GIMFX Gmo ImplementationPairCorr
  0.92GIOTX Gmo InternationalPairCorr
  0.92GMAZX Gmo InternationalPairCorr
  0.99GMAHX Gmo Usonian JapanPairCorr
  0.99GMAKX Gmo Usonian JapanPairCorr
  0.75GMCDX Gmo Emerging NtryPairCorr
  0.9GMCFX Gmo International EquityPairCorr
  0.87GMEMX Gmo Emerging MarketsPairCorr
  0.88GMODX Gmo Opportunistic IncomePairCorr
  0.65GMOEX Gmo Emerging MarketsPairCorr
  0.85GMOHX Gmo Opportunistic IncomePairCorr
  0.9GMOIX Gmo International EquityPairCorr
  0.85GMOLX Gmo Opportunistic IncomePairCorr
  0.86GMOOX Gmo Global AssetPairCorr
  0.75GMOQX Gmo Emerging CountryPairCorr

Moving against Gmo-usonian Mutual Fund

  0.8GMAYX Gmo Small CapPairCorr
  0.7GEACX Gmo TrustPairCorr
  0.49GMAWX Gmo Small CapPairCorr
  0.37GUSOX Gmo TrustPairCorr
  0.51GMCQX Gmo Equity AllocationPairCorr
  0.63GMUEX Gmo Equity AllocationPairCorr
  0.62GMOYX Gmo TrustPairCorr
  0.61GMOWX Gmo ResourcesPairCorr
  0.59GOFIX Gmo ResourcesPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Gmo-usonian Mutual Fund performing well and Gmo-usonian Japan 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-usonian Japan'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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