Gmo Resources Correlations

GMOWX Fund

USD 17.66 0.01 0.06%

The current 90-days correlation between Gmo Resources and Barings Active Short is -0.06 (i.e., Good diversification). The correlation of Gmo Resources 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 Resources Correlation With Market

Significant diversification

The correlation between Gmo Resources and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Gmo Resources 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 Resources. 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 housing.

Moving together with Gmo Mutual Fund

0.82	GMAWX	Gmo Small Cap	Pair Corr
0.64	GMAUX	Gmo Emerging Markets	Pair Corr
0.86	GEACX	Gmo Trust	Pair Corr
0.86	GAAHX	Gmo Resources	Pair Corr

Moving against Gmo Mutual Fund

0.65	GMOIX	Gmo International Equity	Pair Corr
0.6	GPBFX	Gmo E Plus	Pair Corr
0.57	GUGAX	Gmo E Plus	Pair Corr
0.5	GMDFX	Gmo Emerging Country	Pair Corr
0.36	GHVIX	Gmo High Yield	Pair Corr
0.53	VGTSX	Vanguard Total Inter	Pair Corr
0.45	HEMZX	Virtus Emerging Markets	Pair Corr
0.42	DURIX	Deutsche European Equity	Pair Corr
0.4	VTIAX	Vanguard Total Inter	Pair Corr
0.33	CKKRX	Columbia Income Builder	Pair Corr
0.6	ASBFX	Short Term Bond	Pair Corr
0.57	FLRRX	Franklin Low Duration	Pair Corr
0.57	NECRX	Loomis Sayles E	Pair Corr
0.56	TEDPX	Tiaa Cref Emerging	Pair Corr
0.48	PUGCX	Putnam Global Equity	Pair Corr
0.44	UTDIX	My529 International Value	Pair Corr

Related Correlations Analysis

	BXDCX	RSDIX	SUSAX	NWJVX	BBSCX	VSBIX
BXDCX		1.0	0.98	0.97	0.97	0.97	BXDCX
RSDIX	1.0		0.98	0.96	0.96	0.96	RSDIX
SUSAX	0.98	0.98		0.96	0.96	0.94	SUSAX
NWJVX	0.97	0.96	0.96		0.99	0.97	NWJVX
BBSCX	0.97	0.96	0.96	0.99		0.96	BBSCX
VSBIX	0.97	0.96	0.94	0.97	0.96		VSBIX
	BXDCX	RSDIX	SUSAX	NWJVX	BBSCX	VSBIX

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 Resources 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 Resources' 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	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
BXDCX	0.08	0.01	0.67	(0.30)	(0.15)	0.22	(0.11)	0.54
RSDIX	0.09	0.01	0.67	(0.33)	(0.17)	0.21	(0.10)	0.62
SUSAX	0.06	0.01	0.75	(0.35)	(0.18)	0.10	(0.10)	0.51
NWJVX	0.08	0.01	0.68	0.92	(0.14)	0.20	(0.10)	0.61
BBSCX	0.07	0.01	0.56	0.40	(0.17)	0.24	(0.12)	0.48
VSBIX	0.06	0.01	0.94	6.53	(0.08)	0.16	(0.12)	0.33

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