Grandeur Peak Correlations

GPGIX Fund

USD 3.32 0.02 0.60%

The current 90-days correlation between Grandeur Peak Global and Grandeur Peak Global is -0.09 (i.e., Good diversification). The correlation of Grandeur Peak 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.

Grandeur Peak Correlation With Market

Good diversification

The correlation between Grandeur Peak Global and DJI is -0.1 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Grandeur Peak Global 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 Grandeur Peak Global. 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 Grandeur Mutual Fund

0.84	GGSOX	Grandeur Peak Global	Pair Corr
0.84	GGSYX	Grandeur Peak Global	Pair Corr
0.74	GISOX	Grandeur Peak Intern	Pair Corr
0.74	GISYX	Grandeur Peak Intern	Pair Corr
0.8	GPIIX	Grandeur Peak Intern	Pair Corr
0.68	GPMCX	Grandeur Peak Global	Pair Corr
0.9	GPRIX	Grandeur Peak Global	Pair Corr
0.9	GPROX	Grandeur Peak Global	Pair Corr
0.86	FSWFX	American Funds Smallcap	Pair Corr
0.86	FSFWX	American Funds Smallcap	Pair Corr
0.86	SCWCX	American Fds Smallcap	Pair Corr
0.86	SCWFX	Smallcap World	Pair Corr
0.94	SMCWX	Smallcap World	Pair Corr
0.86	CSPFX	Smallcap World	Pair Corr
0.94	CSPAX	Smallcap World	Pair Corr
0.86	CSPEX	Smallcap World	Pair Corr
0.86	RSLCX	Smallcap World	Pair Corr
0.86	RLLGX	Smallcap World	Pair Corr
0.84	CISGX	Touchstone Sands Capital	Pair Corr

Moving against Grandeur Mutual Fund

0.74	RYUHX	Inverse Sp 500 Potential Growth	Pair Corr
0.54	ABQYX	Ab Intermediate Bond	Pair Corr
0.53	FXIDX	Fixed Income Shares	Pair Corr
0.47	ASBFX	Short Term Bond	Pair Corr

Related Correlations Analysis

	GGSOX	GGSYX	GPMCX	GPRIX	GPROX	GISOX	GISYX	GPEIX	GPEOX
GGSOX		1.0	0.52	0.8	0.8	0.85	0.84	0.33	0.33	GGSOX
GGSYX	1.0		0.52	0.8	0.8	0.85	0.85	0.33	0.33	GGSYX
GPMCX	0.52	0.52		0.78	0.77	0.7	0.7	0.89	0.88	GPMCX
GPRIX	0.8	0.8	0.78		1.0	0.71	0.71	0.7	0.71	GPRIX
GPROX	0.8	0.8	0.77	1.0		0.71	0.7	0.7	0.71	GPROX
GISOX	0.85	0.85	0.7	0.71	0.71		1.0	0.48	0.48	GISOX
GISYX	0.84	0.85	0.7	0.71	0.7	1.0		0.48	0.48	GISYX
GPEIX	0.33	0.33	0.89	0.7	0.7	0.48	0.48		1.0	GPEIX
GPEOX	0.33	0.33	0.88	0.71	0.71	0.48	0.48	1.0		GPEOX
	GGSOX	GGSYX	GPMCX	GPRIX	GPROX	GISOX	GISYX	GPEIX	GPEOX

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Risk-Adjusted Indicators

There is a big difference between Grandeur Mutual Fund performing well and Grandeur Peak 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 Grandeur Peak'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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
GGSOX	0.89	(0.05)	(0.13)	2.10	(2.30)	4.96
GGSYX	0.88	(0.05)	(0.13)	2.03	(2.26)	4.94
GPMCX	0.56	(0.01)	(0.10)	1.37	(1.26)	3.08
GPRIX	0.71	(0.09)	(0.22)	1.63	(1.67)	4.29
GPROX	0.71	(0.09)	(0.23)	1.65	(1.63)	4.28
GISOX	0.88	0.01	(0.06)	2.36	(2.30)	5.52
GISYX	0.88	0.01	(0.06)	2.34	(2.34)	5.42
GPEIX	0.67	(0.02)	(0.14)	1.31	(1.80)	3.57
GPEOX	0.67	(0.02)	(0.13)	1.25	(1.73)	3.69

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