Gmo Asset Correlations

Mutual Funds . USA . 
Fund . Gmo Asset Allocation
GABFX Fund  USD 18.05  0.10  0.56%   
The current 90-days correlation between Gmo Asset Allocation and Nasdaq 100 Index Fund is -0.01 (i.e., Good diversification). The correlation of Gmo Asset 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 Asset Correlation With Market

Average diversification

The correlation between Gmo Asset Allocation and DJI is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Gmo Asset Allocation 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 Asset Allocation. 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 census.

Moving against Gmo Mutual Fund

  0.37GEACX Gmo TrustPairCorr
  0.35GMAWX Gmo Small CapPairCorr
  0.35GMAYX Gmo Small CapPairCorr
  0.33GEMEX Gmo Emerging MarketsPairCorr
  0.33GEMMX Gmo Emerging MarketsPairCorr
  0.33GEMNX Gmo Emerging MarketsPairCorr
  0.33GMEMX Gmo Emerging MarketsPairCorr
  0.33GMOEX Gmo Emerging MarketsPairCorr
  0.31GMCQX Gmo Equity AllocationPairCorr
  0.38GMOYX Gmo TrustPairCorr
  0.37GMOWX 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 Asset 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 Asset'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.

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