Gmo Emerging Correlations

Mutual Funds . USA . 
Fund . Gmo Emerging Markets
GMOEX Fund  USD 24.81  0.07  0.28%   
The current 90-days correlation between Gmo Emerging Markets and Transamerica Mlp Energy is 0.31 (i.e., Weak 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

Weak diversification

The correlation between Gmo Emerging Markets and DJI is 0.36 (i.e., Weak 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 income.

Moving together with Gmo Mutual Fund

  0.75GUGAX Gmo E PlusPairCorr
  0.63GUSTX Gmo TreasuryPairCorr
  0.91GEMEX Gmo Emerging MarketsPairCorr
  1.0GEMMX Gmo Emerging MarketsPairCorr
  1.0GEMNX Gmo Emerging MarketsPairCorr
  0.71GWOAX Gmo Global DevelopedPairCorr
  0.83IOVFX Gmo InternationalPairCorr
  0.65GHVIX Gmo High YieldPairCorr
  0.9GIEAX Gmo International EquityPairCorr
  0.85GIMFX Gmo ImplementationPairCorr
  0.86GIOTX Gmo InternationalPairCorr
  0.83GMAZX Gmo InternationalPairCorr
  0.77GMADX Gmo Global EquityPairCorr
  0.83GMAHX Gmo Usonian JapanPairCorr
  0.8GMAKX Gmo Usonian JapanPairCorr
  0.74GMDFX Gmo Emerging CountryPairCorr
  0.74GMCDX Gmo Emerging NtryPairCorr
  0.86GMCFX Gmo International EquityPairCorr
  1.0GMEMX Gmo Emerging MarketsPairCorr
  0.81GMGEX Gmo Global EquityPairCorr
  0.86GMIIX Gmo Usonian JapanPairCorr
  0.73GMODX Gmo Opportunistic IncomePairCorr
  0.73GMOHX Gmo Opportunistic IncomePairCorr
  0.86GMOIX Gmo International EquityPairCorr
  0.73GMOLX Gmo Opportunistic IncomePairCorr
  0.88GMOOX Gmo Global AssetPairCorr
  0.74GMOQX Gmo Emerging CountryPairCorr

Moving against Gmo Mutual Fund

  0.58GMAWX Gmo Small CapPairCorr
  0.58GMAYX Gmo Small CapPairCorr
  0.41GEACX Gmo TrustPairCorr
  0.45GMOWX Gmo ResourcesPairCorr
  0.41GOFIX Gmo ResourcesPairCorr

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 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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