Gmo Climate Correlations

Mutual Funds . USA . 
Fund . Gmo Climate Change
GCCAX Fund  USD 20.67  0.18  0.88%   
The current 90-days correlation between Gmo Climate Change and Gmo E Plus is 0.03 (i.e., Significant diversification). The correlation of Gmo Climate 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 Climate Correlation With Market

Very weak diversification

The correlation between Gmo Climate Change 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 Gmo Climate Change 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 Climate Change. 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 Gmo Mutual Fund

  0.97GUSOX Gmo TrustPairCorr
  0.87GUSTX Gmo TreasuryPairCorr
  0.98GEACX Gmo TrustPairCorr
  0.94GEMEX Gmo Emerging MarketsPairCorr
  0.94GEMMX Gmo Emerging MarketsPairCorr
  0.94GEMNX Gmo Emerging MarketsPairCorr
  0.94GWOAX Gmo Global DevelopedPairCorr
  0.91IOVFX Gmo InternationalPairCorr
  0.94GHVIX Gmo High YieldPairCorr
  0.91GIEAX Gmo International EquityPairCorr
  0.93GIMFX Gmo ImplementationPairCorr
  0.88GIOTX Gmo InternationalPairCorr
  0.95GMAWX Gmo Small CapPairCorr
  0.95GMAYX Gmo Small CapPairCorr
  0.91GMAZX Gmo InternationalPairCorr
  0.91GMBCX Gmo InternationalPairCorr
  0.95GMADX Gmo Global EquityPairCorr
  0.84GMAHX Gmo Usonian JapanPairCorr
  0.84GMAKX Gmo Usonian JapanPairCorr
  0.93GMAQX Gmo Emerging MarketsPairCorr
  0.93GMAUX Gmo Emerging MarketsPairCorr
  0.95GMDFX Gmo Emerging CountryPairCorr
  0.95GMCDX Gmo Emerging NtryPairCorr
  0.86GMCFX Gmo International EquityPairCorr
  0.96GMCQX Gmo Equity AllocationPairCorr
  0.94GMEMX Gmo Emerging MarketsPairCorr
  0.95GMGEX Gmo Global EquityPairCorr
  0.84GMIIX Gmo Usonian JapanPairCorr
  0.8GMODX Gmo Opportunistic IncomePairCorr
  0.94GMOEX Gmo Emerging MarketsPairCorr
  0.8GMOHX Gmo Opportunistic IncomePairCorr
  0.87GMOIX Gmo International EquityPairCorr
  0.78GMOLX Gmo Opportunistic IncomePairCorr
  0.94GMOOX Gmo Global AssetPairCorr
  0.97PPADX Gmo TrustPairCorr
  0.97PPAEX Gmo TrustPairCorr
  0.97PPAJX Gmo Opportunistic ValuePairCorr

Moving against Gmo Mutual Fund

  0.5GMAEX Gmo Quality CyclicalsPairCorr
  0.5GMAOX Gmo TrustPairCorr

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 Climate 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 Climate'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
GUGAX  0.24  0.01 (0.37) 0.23  0.22 
(0.26)
 0.47 
(0.47)
 1.18 
GUSOX  0.71  0.03  0.02  0.17  0.64 
(0.80)
 1.75 
(1.20)
 5.02 
GUSTX  0.03  0.00  0.00  0.00  0.00 
 0.00 
 0.20 
 0.00 
 0.60 
GEACX  1.20  0.25  0.14  0.66  1.03 
(1.44)
 2.79 
(2.05)
 7.32 
GEMEX  0.52  0.22  0.19  0.70  0.00 
(0.59)
 1.70 
(0.90)
 4.06 
GEMMX  0.51  0.22  0.20  0.70  0.00 
(0.58)
 1.67 
(0.91)
 4.13 
GEMNX  0.52  0.22  0.19  0.70  0.00 
(0.61)
 1.74 
(0.94)
 4.09 
GWOAX  0.51  0.10  0.08  0.30  0.38 
(0.57)
 1.50 
(1.13)
 3.06 
IOVFX  0.54  0.14  0.07  0.51  0.37 
(0.59)
 1.28 
(1.18)
 2.99 
GHVIX  0.18  0.05 (0.26) 0.45  0.00 
(0.23)
 0.48 
(0.29)
 1.35 

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