Gqg Partners Correlations

GQHIX Fund

USD 13.31 0.05 0.37%

The current 90-days correlation between Gqg Partners Quality and Massmutual Select Diversified is 0.88 (i.e., Very 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

Poor diversification

The correlation between Gqg Partners Quality 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 Quality 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 Quality. 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	GQHPX	Gqg Partners Quality	Pair Corr
0.69	VVIAX	Vanguard Value Index	Pair Corr
0.8	DOXGX	Dodge Cox Stock	Pair Corr
0.69	AFMFX	American Mutual	Pair Corr
0.69	FFMMX	American Funds American	Pair Corr
0.69	FFFMX	American Funds American	Pair Corr
0.69	AMRMX	American Mutual	Pair Corr
0.69	AMFFX	American Mutual	Pair Corr
0.68	AMFCX	American Mutual	Pair Corr
0.73	DODGX	Dodge Stock Fund	Pair Corr
0.69	VIVAX	Vanguard Value Index	Pair Corr
0.91	PDI	Pimco Dynamic Income	Pair Corr
0.9	FTCAX	Templeton Strained Bond	Pair Corr
0.85	VICSX	Vanguard Intermediate-ter	Pair Corr
0.95	DBIWX	Dws Global Macro	Pair Corr
0.73	SAEMX	Sa Emerging Markets	Pair Corr
0.8	RNCIX	Rivernorth E Opportunity	Pair Corr
0.83	HRBDX	Harbor Bond Fund	Pair Corr
0.68	TIMUX	Transamerica Intermediate	Pair Corr
0.87	DLDFX	Destinations Low Duration	Pair Corr
0.87	BISMX	Brandes International	Pair Corr
0.9	ABNOX	Ab Bond Inflation	Pair Corr
0.85	SGDLX	Sprott Gold Equity	Pair Corr
0.75	GF	New Germany Closed	Pair Corr
0.9	RXRPX	American Funds Retirement	Pair Corr
0.9	ARBOX	Absolute Convertible	Pair Corr
0.76	USGDX	Morgan Stanley Government	Pair Corr
0.79	HWACX	Hotchkis Wiley Value	Pair Corr

Moving against Gqg Mutual Fund

0.9	TCSUX	Cleartrack 2020 Class	Pair Corr
0.89	TCTGX	Transamerica Cleartrack	Pair Corr
0.89	TCTJX	Transamerica Cleartrack	Pair Corr
0.88	TDKTX	Cleartrack 2015 Class	Pair Corr

Related Correlations Analysis

	MDVSX	DLTZX	XWDIX	ACBPX	ACDOX	FZABX
MDVSX		0.3	0.3	0.32	0.31	0.61	MDVSX
DLTZX	0.3		0.5	0.96	0.96	0.83	DLTZX
XWDIX	0.3	0.5		0.67	0.67	0.51	XWDIX
ACBPX	0.32	0.96	0.67		1.0	0.82	ACBPX
ACDOX	0.31	0.96	0.67	1.0		0.82	ACDOX
FZABX	0.61	0.83	0.51	0.82	0.82		FZABX
	MDVSX	DLTZX	XWDIX	ACBPX	ACDOX	FZABX

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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
MDVSX	0.65	0.04	0.00	(0.02)	0.00	0.00	1.34	(1.43)	3.79
DLTZX	0.08	0.01	0.46	0.67	0.00	(0.18)	0.26	(0.13)	0.64
XWDIX	0.20	(0.02)	0.00	(0.34)	0.00	0.00	0.33	(0.46)	1.59
ACBPX	0.24	0.02	0.27	0.34	0.20	(0.30)	0.56	(0.44)	1.23
ACDOX	0.24	0.02	0.27	0.35	0.21	(0.30)	0.55	(0.43)	1.46
FZABX	0.74	0.11	0.12	0.10	1.01	(0.73)	1.45	(1.37)	6.16

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