Gqg Partners Correlations

GQRRX Fund

USD 18.82 0.06 0.32%

The current 90-days correlation between Gqg Partners Global and Gqg Partners Select is 0.93 (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

Good diversification

The correlation between Gqg Partners Global and DJI is -0.12 (i.e., Good 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 metropolitan statistical area.

Moving together with Gqg Mutual Fund

0.85	GQERX	Gqg Partners Select	Pair Corr
0.8	GQEPX	Gqg Partners Select	Pair Corr
1.0	GQRPX	Gqg Partners Global	Pair Corr
0.9	FFPNX	American Funds New	Pair Corr
0.74	ANWPX	New Perspective	Pair Corr
0.76	NPFFX	New Perspective	Pair Corr
0.9	CNPEX	New Perspective	Pair Corr
0.9	CNPFX	New Perspective	Pair Corr
0.78	RNPAX	New Perspective	Pair Corr
0.77	QSPRX	Aqr Style Premia	Pair Corr

Moving against Gqg Mutual Fund

0.49	BXSL	Blackstone Secured	Pair Corr
0.46	AHLPX	American Beacon Ahl	Pair Corr
0.36	DLINX	Doubleline Flexible	Pair Corr
0.33	CII	Blackrock Enhanced	Pair Corr
0.42	SWVXX	Schwab Value Advantage	Pair Corr
0.41	QMHIX	Aqr Managed Futures	Pair Corr
0.34	FOCPX	Fidelity Otc Portfolio	Pair Corr
0.33	RUSIX	Rbc Ultra Short	Pair Corr

Related Correlations Analysis

	GQERX	GQEPX	GQGRX	GQRPX	GQRRX
GQERX		0.93	0.03	0.84	0.85	GQERX
GQEPX	0.93		0.09	0.79	0.8	GQEPX
GQGRX	0.03	0.09		0.52	0.52	GQGRX
GQRPX	0.84	0.79	0.52		1.0	GQRPX
GQRRX	0.85	0.8	0.52	1.0		GQRRX
	GQERX	GQEPX	GQGRX	GQRPX	GQRRX

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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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
GQERX	0.72	(0.05)	0.42	1.29	(1.60)	9.03
GQEPX	0.72	(0.06)	(0.16)	1.30	(1.61)	9.00
GQGRX	0.62	(0.15)	(1.05)	0.78	(1.32)	7.54
GQRPX	0.70	(0.12)	0.71	1.06	(1.62)	9.36
GQRRX	0.70	(0.13)	0.71	1.06	(1.65)	9.32

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