Grandeur Peak Correlations

Mutual Funds . USA . 
Fund . Grandeur Peak Global
GPGOX Fund  USD 3.53  0.01  0.28%   
The current 90-days correlation between Grandeur Peak Global and Pace Large Value is 0.54 (i.e., Very weak 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

Very weak diversification

The correlation between Grandeur Peak Global and DJI is 0.53 (i.e., Very weak 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 persons.

Moving together with Grandeur Mutual Fund

  0.78GGSOX Grandeur Peak GlobalPairCorr
  0.77GGSYX Grandeur Peak GlobalPairCorr
  0.93GISOX Grandeur Peak InternPairCorr
  0.93GISYX Grandeur Peak InternPairCorr
  0.68GPEIX Grandeur Peak EmergingPairCorr
  0.68GPEOX Grandeur Peak EmergingPairCorr
  1.0GPGIX Grandeur Peak GlobalPairCorr
  0.88GPIIX Grandeur Peak InternPairCorr
  0.89GPMCX Grandeur Peak GlobalPairCorr
  0.8GPRIX Grandeur Peak GlobalPairCorr
  0.81GPROX Grandeur Peak GlobalPairCorr
  0.69XNXJX Nuveen New JerseyPairCorr
  0.79NXJ Nuveen New JerseyPairCorr
  0.72XNBHX Neuberger Berman IntPairCorr
  0.75VEMBX Vanguard Emerging MarketsPairCorr

Moving against Grandeur Mutual Fund

  0.63XNKGX Nuveen Georgia QualityPairCorr
  0.31GUSYX Grandeur Peak StalwartsPairCorr
  0.64JPM JPMorgan Chase Fiscal Year End 10th of January 2025 PairCorr
  0.62TRV The Travelers Companies Fiscal Year End 17th of January 2025 PairCorr
  0.58T ATT Inc Sell-off TrendPairCorr
  0.53CSCO Cisco SystemsPairCorr
  0.52DIS Walt Disney Sell-off TrendPairCorr
  0.46AA Alcoa Corp Fiscal Year End 15th of January 2025 PairCorr
  0.42XPPRX Voya Prime RatePairCorr
  0.37ACP Aberdeen Income CreditPairCorr
  0.32PCF Putnam High IncomePairCorr
  0.32ELFNX Elfun Trusts ElfunPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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.

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