Gqg Partners Correlations

GQRIX Fund

USD 18.65 0.02 0.11%

The current 90-days correlation between Gqg Partners Global and Gqg Partners Select is 0.98 (i.e., Almost no 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 Global and DJI is 0.51 (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 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 gross domestic product.

Moving together with Gqg Mutual Fund

0.98	GQEIX	Gqg Partners Select	Pair Corr
0.95	FNFPX	American Funds New	Pair Corr
0.95	FFPNX	American Funds New	Pair Corr
0.94	NPFCX	New Perspective	Pair Corr
0.95	ANWPX	New Perspective	Pair Corr
0.95	NPFFX	New Perspective	Pair Corr
0.95	CNPAX	New Perspective	Pair Corr
0.94	CNPEX	New Perspective	Pair Corr
0.95	CNPFX	New Perspective	Pair Corr
0.94	CNPCX	New Perspective	Pair Corr
0.94	RNPAX	New Perspective	Pair Corr
0.66	JEFAX	Jefax	Pair Corr
0.66	NEWFX	New World Fund	Pair Corr
0.69	JRLOX	Retirement Living Through	Pair Corr

Related Correlations Analysis

	GQERX	GQFIX	GQFPX	GQEIX	GQEPX	GQHIX	GQHPX	GQGIX	GQGPX
GQERX		0.07	0.07	1.0	1.0	0.31	0.32	0.43	0.42	GQERX
GQFIX	0.07		1.0	0.07	0.07	0.95	0.95	-0.32	-0.33	GQFIX
GQFPX	0.07	1.0		0.07	0.07	0.95	0.95	-0.32	-0.33	GQFPX
GQEIX	1.0	0.07	0.07		1.0	0.31	0.31	0.43	0.42	GQEIX
GQEPX	1.0	0.07	0.07	1.0		0.31	0.31	0.43	0.42	GQEPX
GQHIX	0.31	0.95	0.95	0.31	0.31		1.0	-0.28	-0.29	GQHIX
GQHPX	0.32	0.95	0.95	0.31	0.31	1.0		-0.27	-0.28	GQHPX
GQGIX	0.43	-0.32	-0.32	0.43	0.43	-0.28	-0.27		1.0	GQGIX
GQGPX	0.42	-0.33	-0.33	0.42	0.42	-0.29	-0.28	1.0		GQGPX
	GQERX	GQFIX	GQFPX	GQEIX	GQEPX	GQHIX	GQHPX	GQGIX	GQGPX

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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

GQEIX	+ 1.0	GQERX
GQEPX	+ 1.0	GQERX
GQFPX	+ 1.0	GQFIX
GQEPX	+ 1.0	GQEIX
GQHPX	+ 1.0	GQHIX
GQGPX	+ 1.0	GQGIX

High negative correlations

GQGPX	- 0.33	GQFPX
GQGPX	- 0.33	GQFIX
GQGIX	- 0.32	GQFPX
GQGIX	- 0.32	GQFIX
GQGPX	- 0.29	GQHIX
GQGPX	- 0.28	GQHPX

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
GQERX	0.94	(0.10)	0.00	(0.19)	0.00	0.00	1.57	(1.91)	7.33
GQFIX	0.52	0.11	0.20	0.17	0.63	(0.57)	1.11	(1.28)	2.92
GQFPX	0.52	0.11	0.20	0.17	0.62	(0.58)	1.03	(1.28)	2.92
GQEIX	0.94	(0.10)	0.00	(0.19)	0.00	0.00	1.57	(1.95)	7.30
GQEPX	0.94	(0.10)	0.00	(0.19)	0.00	0.00	1.58	(1.92)	7.29
GQHIX	0.52	0.07	0.13	0.09	0.71	(0.53)	0.91	(1.20)	3.35
GQHPX	0.53	0.07	0.13	0.08	0.72	(0.55)	0.91	(1.20)	3.43
GQGIX	0.63	(0.01)	0.00	(0.09)	0.00	0.00	1.37	(1.79)	4.49
GQGPX	0.63	(0.01)	0.00	(0.09)	0.00	0.00	1.38	(1.74)	4.52

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