Gqg Partners Correlations

GQGIX Fund

USD 16.57 0.03 0.18%

The current 90-days correlation between Gqg Partners Emerg and Dws Global Macro is 0.62 (i.e., Poor 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 Emerg and DJI is 0.44 (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 Emerg 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 Emerg. 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 Gqg Mutual Fund

1.0

GQGPX

Gqg Partners Emerg

Pair Corr

Moving against Gqg Mutual Fund

0.32	GQFIX	Gqg Partners Global	Pair Corr
0.32	GQFPX	Gqg Partners Global	Pair Corr
0.32	GQJIX	Gqg Partners Interna	Pair Corr
0.32	GQJPX	Gqg Partners Interna	Pair Corr
0.42	EMBAX	Unconstrained Emerging	Pair Corr
0.41	GF	New Germany Closed	Pair Corr
0.38	PFN	Pimco Income Strategy	Pair Corr
0.36	EPDPX	Europac International	Pair Corr
0.32	PCF	Putnam High Income	Pair Corr
0.54	DLDFX	Destinations Low Duration	Pair Corr
0.52	PUCAX	Prudential Unconstrained	Pair Corr
0.5	VMLTX	Vanguard Limited Term	Pair Corr
0.47	USGDX	Morgan Stanley Government	Pair Corr

Related Correlations Analysis

	DBIWX	MSTGX	LMLRX	GARGX	DHGCX	PBLIX	PHTTX	TACLX
DBIWX		0.95	0.74	0.83	0.8	0.61	0.83	0.8	DBIWX
MSTGX	0.95		0.55	0.76	0.81	0.42	0.69	0.67	MSTGX
LMLRX	0.74	0.55		0.84	0.56	0.97	0.97	0.93	LMLRX
GARGX	0.83	0.76	0.84		0.82	0.76	0.92	0.9	GARGX
DHGCX	0.8	0.81	0.56	0.82		0.4	0.7	0.66	DHGCX
PBLIX	0.61	0.42	0.97	0.76	0.4		0.92	0.88	PBLIX
PHTTX	0.83	0.69	0.97	0.92	0.7	0.92		0.95	PHTTX
TACLX	0.8	0.67	0.93	0.9	0.66	0.88	0.95		TACLX
	DBIWX	MSTGX	LMLRX	GARGX	DHGCX	PBLIX	PHTTX	TACLX

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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	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
DBIWX	0.26	0.03	0.19	0.07	0.32	(0.28)	0.48	(0.58)	1.77
MSTGX	0.31	0.07	0.23	0.14	0.34	(0.34)	0.74	(0.62)	1.58
LMLRX	0.33	0.01	0.00	(0.05)	0.00	0.00	0.61	(0.69)	2.17
GARGX	0.79	0.01	0.00	(0.06)	0.00	0.00	1.37	(1.79)	4.42
DHGCX	0.17	0.00	0.24	(0.17)	0.21	(0.22)	0.36	(0.36)	1.46
PBLIX	0.65	0.01	0.00	(0.06)	0.00	0.00	1.13	(1.35)	3.78
PHTTX	0.35	0.00	0.00	(0.07)	0.00	0.00	0.67	(0.67)	1.95
TACLX	0.65	0.01	0.00	(0.06)	0.00	0.00	1.26	(1.48)	3.10

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