Goehring Rozencwajg Correlations

GRHAX Fund

USD 14.09 0.17 1.22%

The current 90-days correlation between Goehring Rozencwajg and Goehring Rozencwajg Resources is 1.0 (i.e., No risk reduction). The correlation of Goehring Rozencwajg 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.

Goehring Rozencwajg Correlation With Market

Very weak diversification

The correlation between Goehring Rozencwajg Resources and DJI is 0.49 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Goehring Rozencwajg Resources 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 Goehring Rozencwajg Resources. 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 nation.

Moving together with Goehring Mutual Fund

1.0	GRHIX	Goehring Rozencwajg	Pair Corr
0.89	TRNEX	T Rowe Price	Pair Corr
0.85	VMIAX	Vanguard Materials Index	Pair Corr
0.89	PRNEX	T Rowe Price	Pair Corr
0.78	GHAIX	Global Hard Assets	Pair Corr
0.88	FMFEX	Materials Portfolio	Pair Corr
0.88	FMFAX	Materials Portfolio	Pair Corr
0.87	FMFCX	Materials Portfolio	Pair Corr
0.84	PFN	Pimco Income Strategy	Pair Corr
0.9	XNKGX	Nuveen Georgia Quality	Pair Corr
0.63	XPPRX	Voya Prime Rate	Pair Corr
0.76	PCF	Putnam High Income	Pair Corr
0.89	VIIIX	Vanguard Institutional	Pair Corr
0.77	VEXRX	Vanguard Explorer	Pair Corr
0.9	CGFFX	Growth Fund	Pair Corr
0.9	FIKHX	Fidelity Advisor Tec	Pair Corr
0.87	VTSAX	Vanguard Total Stock	Pair Corr
0.92	VTWAX	Vanguard Total World	Pair Corr
0.87	VIGAX	Vanguard Growth Index	Pair Corr
0.82	JPYRX	Jpmorgan Smartretirement	Pair Corr
0.8	RYMDX	Mid Cap 15x	Pair Corr
0.9	AMECX	Income Fund	Pair Corr
0.89	TAAIX	Thrivent Aggressive	Pair Corr
0.74	FMSGX	Frontier Mfg Global	Pair Corr
0.7	VWILX	Vanguard International	Pair Corr
0.62	LBHIX	Thrivent High Yield	Pair Corr
0.88	VASGX	Vanguard Lifestrategy	Pair Corr
0.68	FIKAX	Fidelity Advisor Energy	Pair Corr
0.83	MSTSX	Morningstar Unconstrained	Pair Corr

Moving against Goehring Mutual Fund

0.63	XNXJX	Nuveen New Jersey	Pair Corr
0.34	NXJ	Nuveen New Jersey	Pair Corr
0.55	XNBHX	Neuberger Berman Int	Pair Corr

Related Correlations Analysis

	GRHIX	FFTWX	AMEIX	FMSGX	ANCIX	RYRUX	PFN	NBGIX	MSTSX
GRHIX		0.52	0.88	0.74	0.7	0.71	0.84	0.77	0.83	GRHIX
FFTWX	0.52		0.39	0.8	0.27	0.33	0.63	0.4	0.84	FFTWX
AMEIX	0.88	0.39		0.6	0.9	0.91	0.71	0.94	0.7	AMEIX
FMSGX	0.74	0.8	0.6		0.34	0.42	0.77	0.48	0.87	FMSGX
ANCIX	0.7	0.27	0.9	0.34		0.97	0.45	0.96	0.53	ANCIX
RYRUX	0.71	0.33	0.91	0.42	0.97		0.48	0.99	0.56	RYRUX
PFN	0.84	0.63	0.71	0.77	0.45	0.48		0.58	0.87	PFN
NBGIX	0.77	0.4	0.94	0.48	0.96	0.99	0.58		0.64	NBGIX
MSTSX	0.83	0.84	0.7	0.87	0.53	0.56	0.87	0.64		MSTSX
	GRHIX	FFTWX	AMEIX	FMSGX	ANCIX	RYRUX	PFN	NBGIX	MSTSX

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Risk-Adjusted Indicators

There is a big difference between Goehring Mutual Fund performing well and Goehring Rozencwajg 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 Goehring Rozencwajg's 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
GRHIX	1.06	0.04	0.02	0.18	1.31	(1.06)	2.52	(1.73)	6.24
FFTWX	0.35	(0.03)	(0.23)	0.04	0.41	(0.38)	0.76	(0.77)	1.95
AMEIX	0.55	0.02	(0.01)	0.15	0.66	(0.60)	1.12	(1.55)	3.88
FMSGX	0.44	(0.01)	(0.15)	0.10	0.52	(0.47)	0.86	(1.00)	2.45
ANCIX	0.78	(0.04)	(0.04)	0.09	0.75	(0.88)	2.09	(1.21)	3.94
RYRUX	1.83	(0.07)	0.08	0.10	1.93	(1.92)	4.16	(3.30)	15.20
PFN	0.26	0.06	(0.12)	1.28	0.23	(0.35)	0.66	(0.53)	2.28
NBGIX	0.83	(0.03)	0.02	0.11	0.89	(0.86)	1.80	(1.28)	6.46
MSTSX	0.49	(0.03)	(0.12)	0.08	0.50	(0.60)	1.21	(1.02)	2.80

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