Gateway Equity Correlations

Mutual Funds . USA . 
Fund . Gateway Equity Call
GCPNX Fund  USD 19.77  0.02  0.10%   
The current 90-days correlation between Gateway Equity Call and Jpmorgan Trust Iv is -0.03 (i.e., Good diversification). The correlation of Gateway Equity 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.

Gateway Equity Correlation With Market

Almost no diversification

The correlation between Gateway Equity Call and DJI is 0.96 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Gateway Equity Call 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 Gateway Equity Call. 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 board of governors.

Moving together with Gateway Mutual Fund

  0.97NOANX Natixis OakmarkPairCorr
  0.91NOIAX Natixis Oakmark Inte Potential GrowthPairCorr
  0.86NOICX Natixis Oakmark IntePairCorr
  1.0GCPAX Gateway Equity CallPairCorr
  1.0GCPCX Gateway Equity CallPairCorr
  0.9NOIYX Natixis Oakmark IntlPairCorr
  1.0GCPYX Gateway Equity CallPairCorr
  0.95LGMAX Loomis Sayles GlobalPairCorr
  0.87LGMCX Loomis Sayles GlobalPairCorr
  0.95LGMNX Loomis Sayles GlobalPairCorr
  0.92LGRCX Loomis Sayles GrowthPairCorr
  0.92LGRNX Loomis Sayles GrowthPairCorr
  0.92LGRRX Loomis Sayles GrowthPairCorr
  0.97VNSYX Vaughan Nelson SelectPairCorr
  0.89VNSCX Vaughan Nelson SelectPairCorr
  0.89VNSAX Vaughan Nelson SelectPairCorr
  0.89VNSNX Vaughan Nelson SelectPairCorr
  0.96VNVCX Vaughan Nelson ValuePairCorr
  0.95VNVAX Vaughan Nelson ValuePairCorr
  0.86VNVNX Vaughan Nelson ValuePairCorr
  0.95VNVYX Vaughan Nelson ValuePairCorr
  0.94LIGCX Loomis Sayles InternPairCorr
  0.94LIGGX Loomis Sayles InternPairCorr
  0.94LIGNX Loomis Sayles InternPairCorr
  0.94LIGYX Loomis Sayles InternPairCorr
  0.79NRCFX Aew Real EstatePairCorr
  0.88NRFAX Aew Real EstatePairCorr
  0.79NRFNX Aew Real EstatePairCorr
  0.79NRFYX Aew Real EstatePairCorr
  0.96NSFLX Natixis SustainablePairCorr
  0.96NSFKX Natixis SustainablePairCorr
  0.96NSFJX Natixis SustainablePairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Gateway Mutual Fund performing well and Gateway Equity 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 Gateway Equity'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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