Gqg Partners Correlations

GQFPX Fund

USD 11.87 0.02 0.17%

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

Poor diversification

The correlation between Gqg Partners Global and DJI is 0.6 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Gqg Partners 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 Gqg Partners 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 american community survey.

Moving together with Gqg Mutual Fund

1.0	GQFIX	Gqg Partners Global	Pair Corr
0.83	GQHIX	Gqg Partners Quality	Pair Corr
0.83	GQHPX	Gqg Partners Quality	Pair Corr
0.98	GQJIX	Gqg Partners Interna	Pair Corr
0.98	GQJPX	Gqg Partners Interna	Pair Corr
0.81	TEDRX	Franklin Mutual Global	Pair Corr
0.81	FMDRX	Franklin Mutual Global	Pair Corr
0.8	DOXWX	Dodge Cox Global	Pair Corr
0.8	DODWX	Dodge Global Stock	Pair Corr
0.81	TEDIX	Franklin Mutual Global	Pair Corr
0.81	MDISX	Franklin Mutual Global	Pair Corr
0.81	TEDSX	Franklin Mutual Global	Pair Corr
0.82	PRAFX	T Rowe Price	Pair Corr
0.76	PFN	Pimco Income Strategy	Pair Corr
0.68	XPPRX	Voya Prime Rate	Pair Corr
0.8	PCF	Putnam High Income	Pair Corr
0.77	CLDRX	Columbia Limited Duration	Pair Corr
0.78	FEHRX	First Eagle High	Pair Corr
0.64	FWIRX	Nuveen Wisconsin Mun	Pair Corr
0.82	NWHLX	Nationwide Bailard	Pair Corr
0.81	SCFIX	Shenkman Short Duration	Pair Corr
0.69	BLSAX	Blackrock Emerging	Pair Corr
0.67	MGBMX	Mfs Global Bond	Pair Corr
0.64	FADJX	Fadjx	Pair Corr
0.71	PIIMX	International Emerging	Pair Corr
0.93	FJAVX	Fidelity Freedom Blend	Pair Corr
0.9	ASXDX	Short Duration Strategic	Pair Corr
0.79	BIIEX	Brandes International	Pair Corr

Moving against Gqg Mutual Fund

0.39	GQGPX	Gqg Partners Emerg	Pair Corr
0.38	GQGIX	Gqg Partners Emerg	Pair Corr

Related Correlations Analysis

	HEWXX	FNPIX	GCFSX	ICAXX	SMAAX	SPAXX	HUCXX	MODXX
HEWXX		0.0	0.0	0.0	0.0	0.0	0.0	0.0	HEWXX
FNPIX	0.0		0.69	0.0	0.43	0.29	0.0	0.0	FNPIX
GCFSX	0.0	0.69		0.0	0.71	0.73	0.0	0.0	GCFSX
ICAXX	0.0	0.0	0.0		0.0	0.0	0.0	0.0	ICAXX
SMAAX	0.0	0.43	0.71	0.0		0.76	0.0	0.0	SMAAX
SPAXX	0.0	0.29	0.73	0.0	0.76		0.0	0.0	SPAXX
HUCXX	0.0	0.0	0.0	0.0	0.0	0.0		0.0	HUCXX
MODXX	0.0	0.0	0.0	0.0	0.0	0.0	0.0		MODXX
	HEWXX	FNPIX	GCFSX	ICAXX	SMAAX	SPAXX	HUCXX	MODXX

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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

SPAXX	+ 0.76	SMAAX
SPAXX	+ 0.73	GCFSX
SMAAX	+ 0.71	GCFSX
GCFSX	+ 0.69	FNPIX
SMAAX	+ 0.43	FNPIX
SPAXX	+ 0.29	FNPIX

High negative correlations

MODXX	- 0.0	HUCXX
MODXX	- 0.0	SPAXX
HUCXX	- 0.0	SPAXX
MODXX	- 0.0	SMAAX
HUCXX	- 0.0	SMAAX
MODXX	- 0.0	ICAXX

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	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
HEWXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
FNPIX	1.19	0.02	0.04	0.08	1.70	(1.23)	1.92	(2.77)	9.08
GCFSX	0.73	0.11	0.16	0.91	0.88	(0.80)	1.80	(1.39)	4.68
ICAXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SMAAX	0.12	0.00	0.28	0.00	0.13	(0.16)	0.20	(0.30)	0.90
SPAXX	0.03	0.00	0.00	(0.20)	0.00	0.00	0.00	0.00	1.01
HUCXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MODXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

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