Gqg Partners Correlations

GQEPX Fund

USD 21.88 0.34 1.58%

The current 90-days correlation between Gqg Partners Select and Gqg Partners Select is 0.07 (i.e., Significant diversification). The correlation of Gqg Partners 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.

Gqg Partners Correlation With Market

Very weak diversification

The correlation between Gqg Partners Select 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 Gqg Partners Select 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 Gqg Partners Select. 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 american community survey.

Moving together with Gqg Mutual Fund

0.94	GQERX	Gqg Partners Select	Pair Corr
0.9	GQRPX	Gqg Partners Global	Pair Corr
0.9	GQRRX	Gqg Partners Global	Pair Corr
0.82	VFIAX	Vanguard 500 Index	Pair Corr
0.82	VTSMX	Vanguard Total Stock	Pair Corr
0.82	VITSX	Vanguard Total Stock	Pair Corr
0.82	VSMPX	Vanguard Total Stock	Pair Corr
0.82	VSTSX	Vanguard Total Stock	Pair Corr
0.82	VFINX	Vanguard 500 Index	Pair Corr
0.82	VFFSX	Vanguard 500 Index	Pair Corr
0.8	VINIX	Vanguard Institutional	Pair Corr
0.8	VIIIX	Vanguard Institutional	Pair Corr

Moving against Gqg Mutual Fund

0.51	GAAKX	Gmo Alternative Allo	Pair Corr
0.51	GAAGX	Gmo Alternative Allo	Pair Corr
0.72	UIPSX	Ultrashort Mid Cap	Pair Corr

Related Correlations Analysis

	GQERX	GQEPX	GQGRX	GQRPX	GQRRX
GQERX		0.94	0.49	0.98	0.98	GQERX
GQEPX	0.94		0.58	0.9	0.9	GQEPX
GQGRX	0.49	0.58		0.5	0.5	GQGRX
GQRPX	0.98	0.9	0.5		1.0	GQRPX
GQRRX	0.98	0.9	0.5	1.0		GQRRX
	GQERX	GQEPX	GQGRX	GQRPX	GQRRX

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Risk-Adjusted Indicators

There is a big difference between Gqg Mutual Fund performing well and Gqg Partners 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 Gqg Partners' 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
GQERX	0.96	(0.26)	0.97	1.40	(2.17)	7.58
GQEPX	0.97	(0.12)	(0.25)	1.58	(2.18)	7.53
GQGRX	0.62	(0.02)	(0.15)	1.35	(1.79)	4.55
GQRPX	0.85	(0.25)	0.79	1.35	(1.63)	7.76
GQRRX	0.84	(0.25)	0.79	1.35	(1.67)	7.64

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