Gqg Partners Correlations

GQGRX Fund

USD 16.50 0.08 0.48%

The current 90-days correlation between Gqg Partners Emerg and Gqg Partners Select is -0.05 (i.e., Good 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

Modest diversification

The correlation between Gqg Partners Emerg and DJI is 0.24 (i.e., Modest 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 metropolitan statistical area.

Moving together with Gqg Mutual Fund

0.88	VEMAX	Vanguard Emerging Markets	Pair Corr
0.9	VEIEX	Vanguard Emerging Markets	Pair Corr
0.89	VEMIX	Vanguard Emerging Markets	Pair Corr
0.88	VEMRX	Vanguard Emerging Markets	Pair Corr
0.86	FWWNX	American Funds New	Pair Corr
0.86	FNFWX	American Funds New	Pair Corr
0.87	NEWFX	New World Fund	Pair Corr
0.87	NWFFX	New World Fund	Pair Corr
0.88	NEWCX	New World Fund	Pair Corr
0.93	ODVYX	Oppenheimer Developing	Pair Corr
0.82	UBPSX	Ultralatin America	Pair Corr

Moving against Gqg Mutual Fund

0.79	IWRFX	Voya Russia Fund	Pair Corr
0.79	LETRX	Voya Russia Fund	Pair Corr
0.79	IIRFX	Voya Russia Fund	Pair Corr
0.81	ADNYX	Amer Beacon Ark	Pair Corr
0.76	CISGX	Touchstone Sands Capital	Pair Corr
0.75	FOCPX	Fidelity Otc Portfolio	Pair Corr
0.68	PRGTX	T Rowe Price	Pair Corr
0.67	VFINX	Vanguard 500 Index	Pair Corr
0.66	KMKCX	Kinetics Market Oppo Steady Growth	Pair Corr
0.66	OOSYX	Oppenheimer Senior	Pair Corr
0.66	SIGVX	Ridgeworth Seix Gove	Pair Corr
0.63	AMGCX	Alger Midcap Growth	Pair Corr
0.53	VBIAX	Vanguard Balanced Index	Pair Corr
0.49	FAGIX	Fidelity Capital Income	Pair Corr
0.45	KSOAX	Kinetics Small Cap Steady Growth	Pair Corr
0.45	KSOCX	Kinetics Small Cap Steady Growth	Pair Corr
0.43	TCHTX	Cleartrack 2020 Class	Pair Corr
0.9	DCF	Bny Mellon Alcentra	Pair Corr
0.87	IGOIX	Rational Inflation Growth	Pair Corr
0.84	BXSL	Blackstone Secured	Pair Corr
0.79	PRMTX	T Rowe Price	Pair Corr
0.78	JSOSX	Jpmorgan Strategic Income	Pair Corr
0.76	PIMXX	Plan Investment	Pair Corr

Related Correlations Analysis

	GQERX	GQEPX	GQGRX	GQRPX	GQRRX
GQERX		0.91	0.03	0.84	0.85	GQERX
GQEPX	0.91		-0.03	0.72	0.72	GQEPX
GQGRX	0.03	-0.03		0.52	0.52	GQGRX
GQRPX	0.84	0.72	0.52		1.0	GQRPX
GQRRX	0.85	0.72	0.52	1.0		GQRRX
	GQERX	GQEPX	GQGRX	GQRPX	GQRRX

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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

GQRRX	+ 1.0	GQRPX
GQEPX	+ 0.91	GQERX
GQRRX	+ 0.85	GQERX
GQRPX	+ 0.84	GQERX
GQRPX	+ 0.72	GQEPX
GQRRX	+ 0.72	GQEPX

High negative correlations

GQGRX

- 0.03

GQEPX

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	0.72	(0.06)	(0.18)	1.29	(1.60)	9.03
GQEPX	0.73	(0.07)	(0.10)	1.30	(1.61)	9.00
GQGRX	0.62	(0.15)	(0.43)	0.78	(1.32)	7.54
GQRPX	0.70	(0.13)	(0.58)	1.06	(1.62)	9.36
GQRRX	0.70	(0.13)	(0.56)	1.06	(1.65)	9.32

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