Gmo Us Correlations

Mutual Funds . USA . 
Fund . Gmo Treasury Fund
GUSTX Fund  USD 5.01  0.00  0.00%   
The current 90-days correlation between Gmo Treasury and Eaton Vance Short is 0.64 (i.e., Poor diversification). The correlation of Gmo Us 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.

Gmo Us Correlation With Market

Average diversification

The correlation between Gmo Treasury Fund and DJI is 0.18 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Gmo Treasury Fund 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 Gmo Treasury Fund. 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 estimate.

Moving together with Gmo Mutual Fund

  0.84GUGAX Gmo E PlusPairCorr
  0.68GWOAX Gmo Global DevelopedPairCorr
  0.9IOVFX Gmo InternationalPairCorr
  0.82GHVIX Gmo High YieldPairCorr
  0.86GIEAX Gmo International EquityPairCorr
  0.88GIMFX Gmo ImplementationPairCorr
  0.89GIOTX Gmo InternationalPairCorr
  0.9GMAZX Gmo InternationalPairCorr
  0.61GMADX Gmo Global EquityPairCorr
  0.77GMAHX Gmo Usonian JapanPairCorr
  0.76GMAKX Gmo Usonian JapanPairCorr
  0.89GMDFX Gmo Emerging CountryPairCorr
  0.89GMCDX Gmo Emerging NtryPairCorr
  0.89GMCFX Gmo International EquityPairCorr
  0.69GMGEX Gmo Global EquityPairCorr
  0.76GMIIX Gmo Usonian JapanPairCorr
  0.93GMODX Gmo Opportunistic IncomePairCorr
  0.93GMOHX Gmo Opportunistic IncomePairCorr
  0.89GMOIX Gmo International EquityPairCorr
  0.93GMOLX Gmo Opportunistic IncomePairCorr
  0.82GMOOX Gmo Global AssetPairCorr
  0.89GMOQX Gmo Emerging CountryPairCorr

Moving against Gmo Mutual Fund

  0.8GMAWX Gmo Small CapPairCorr
  0.8GMAYX Gmo Small CapPairCorr
  0.56GEACX Gmo TrustPairCorr
  0.63GMAQX Gmo Emerging MarketsPairCorr
  0.63GMAUX Gmo Emerging MarketsPairCorr
  0.47GMCQX Gmo Equity AllocationPairCorr
  0.6GMOYX Gmo TrustPairCorr
  0.56GMOWX Gmo ResourcesPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Gmo Mutual Fund performing well and Gmo Us 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 Gmo Us' 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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
EASDX  0.14  0.03  0.41  0.82  0.00 
(0.28)
 0.55 
(0.14)
 1.27 
VFIRX  0.10  0.02  0.52  1.27  0.00 
(0.16)
 0.21 
(0.20)
 0.71 
VFISX  0.10  0.02  0.52  1.13  0.00 
(0.16)
 0.21 
(0.20)
 0.72 
VSGBX  0.10  0.02  0.59  0.58  0.00 
(0.16)
 0.20 
(0.10)
 0.60 
VSBIX  0.06  0.01  0.88  7.94  0.00 
(0.08)
 0.16 
(0.12)
 0.33 
VSGDX  0.10  0.02  0.59  0.58  0.00 
(0.16)
 0.20 
(0.10)
 0.60 
FUMBX  0.11  0.02  0.53  1.30  0.00 
(0.16)
 0.20 
(0.20)
 0.59 
ECLDX  0.15  0.03  0.36  0.66  0.00 
(0.27)
 0.55 
(0.28)
 0.99 
EALDX  0.15  0.03  0.39  0.85  0.00 
(0.26)
 0.55 
(0.28)
 1.13 
EILDX  0.15  0.03  0.40  0.65  0.00 
(0.27)
 0.56 
(0.28)
 0.99 

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