Gurtin National Correlations

Mutual Funds . USA . 
Fund . Gurtin National Muni
GNMVX Fund  USD 10.01  0.01  0.1%   
The current 90-days correlation between Gurtin National Muni and Biotechnology Fund Class is 0.1 (i.e., Average diversification). The correlation of Gurtin National 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.

Gurtin National Correlation With Market

Significant diversification

The correlation between Gurtin National Muni 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 Gurtin National Muni 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 Gurtin National Muni. 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 real.

Moving together with Gurtin Mutual Fund

  0.99GCMVX Gurtin California MuniPairCorr
  0.71GCMFX Gurtin CaliforniaPairCorr
  0.97VWITX Vanguard IntermediatePairCorr
  0.97VWIUX Vanguard Intermediate-terPairCorr
  0.89AFTEX Tax Exempt BondPairCorr
  0.89AFTFX Tax Exempt BondPairCorr
  0.98TEBCX Tax Exempt BondPairCorr
  0.89TEAFX Tax Exempt BondPairCorr
  0.88TFEBX Tax Exempt BondPairCorr
  0.93FLTMX Fidelity IntermediatePairCorr
  0.96MDNLX Blackrock NationalPairCorr
  0.9MFNLX Blackrock Natl MuniPairCorr

Moving against Gurtin Mutual Fund

  0.78RPIEX T Rowe PricePairCorr
  0.62JSOSX Jpmorgan Strategic IncomePairCorr
  0.47CREMX Redwood Real EstatePairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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   
FIKHX
+ 0.91
PGKCX
BSTSX
+ 0.89
PGKCX
CMTFX
+ 0.88
PGKCX
CMTFX
+ 0.85
FIKHX
PGKCX
+ 0.84
TEFQX
FIKHX
+ 0.84
TEFQX
  
High negative correlations   
CMTFX
- 0.4
RYBOX
TEFQX
- 0.18
RYBOX
FIKHX
- 0.11
RYBOX
CMTFX
- 0.04
MTCCX
PGKCX
- 0.04
RYBOX

Risk-Adjusted Indicators

There is a big difference between Gurtin Mutual Fund performing well and Gurtin National 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 Gurtin National'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.

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
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY