Gmo Global Correlations

GMOOX Fund

USD 33.31 0.09 0.27%

The current 90-days correlation between Gmo Global Asset and Diversified Bond Fund is -0.1 (i.e., Good diversification). The correlation of Gmo Global 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 Global Correlation With Market

Significant diversification

The correlation between Gmo Global Asset and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Gmo Global Asset 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 Global Asset. 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 persons.

Moving together with Gmo Mutual Fund

0.97	RIRAX	Capital Income Builder	Pair Corr
0.96	RIREX	Capital Income Builder	Pair Corr
0.97	RIRCX	Capital Income Builder	Pair Corr
0.96	RIRFX	Capital Income Builder	Pair Corr
0.97	CIRCX	Capital Income Builder	Pair Corr
0.97	CIREX	Capital Income Builder	Pair Corr
0.97	RIRBX	Capital Income Builder	Pair Corr
0.98	CAIFX	Capital Income Builder	Pair Corr
0.96	CIRFX	Capital Income Builder	Pair Corr
0.96	CIRAX	Capital Income Builder	Pair Corr
0.98	VGTSX	Vanguard Total Inter	Pair Corr
0.8	VTIAX	Vanguard Total Inter	Pair Corr
0.62	HTD	John Hancock Tax	Pair Corr
0.65	MCD	McDonalds	Pair Corr
0.7	JNJ	Johnson Johnson	Pair Corr
0.66	IBM	International Business	Pair Corr
0.62	PG	Procter Gamble	Pair Corr
0.73	VZ	Verizon Communications	Pair Corr

Moving against Gmo Mutual Fund

0.41	MSFT	Microsoft	Pair Corr
0.39	CAT	Caterpillar	Pair Corr
0.37	AXP	American Express	Pair Corr
0.35	HPQ	HP Inc	Pair Corr
0.32	BAC	Bank of America	Pair Corr

Related Correlations Analysis

	ACBPX	DIFIX	OIDAX	ACDOX	MDVSX	FZABX
ACBPX		0.96	0.65	1.0	0.32	0.82	ACBPX
DIFIX	0.96		0.78	0.96	0.53	0.9	DIFIX
OIDAX	0.65	0.78		0.65	0.6	0.84	OIDAX
ACDOX	1.0	0.96	0.65		0.31	0.82	ACDOX
MDVSX	0.32	0.53	0.6	0.31		0.61	MDVSX
FZABX	0.82	0.9	0.84	0.82	0.61		FZABX
	ACBPX	DIFIX	OIDAX	ACDOX	MDVSX	FZABX

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 Global 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 Global'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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
ACBPX	0.24	0.02	0.27	0.34	0.20	(0.30)	0.56	(0.44)	1.23
DIFIX	0.28	0.02	0.16	0.01	0.35	(0.33)	0.58	(0.57)	1.51
OIDAX	0.72	(0.01)	0.00	(0.10)	0.00	0.00	1.42	(1.46)	5.03
ACDOX	0.24	0.02	0.27	0.35	0.21	(0.30)	0.55	(0.43)	1.46
MDVSX	0.65	0.04	0.00	(0.02)	0.00	0.00	1.34	(1.43)	3.79
FZABX	0.74	0.11	0.12	0.10	1.01	(0.73)	1.45	(1.37)	6.16

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC