Gmo Emerging Correlations

Mutual Funds . USA . 
Fund . Gmo Emerging Markets
GEMNX Fund  USD 29.69  0.19  0.64%   
The current 90-days correlation between Gmo Emerging Markets and Doubleline Emerging Markets is 0.47 (i.e., Very weak diversification). The correlation of Gmo Emerging 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 Emerging Correlation With Market

Very weak diversification

The correlation between Gmo Emerging Markets and DJI is 0.58 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Gmo Emerging Markets 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 Emerging Markets. 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 state.

Moving together with Gmo Mutual Fund

  0.93GUGAX Gmo E PlusPairCorr
  0.85GUSOX Gmo TrustPairCorr
  0.83GUSTX Gmo TreasuryPairCorr
  0.89GEACX Gmo TrustPairCorr
  1.0GEMEX Gmo Emerging MarketsPairCorr
  1.0GEMMX Gmo Emerging MarketsPairCorr
  0.95GWOAX Gmo Global DevelopedPairCorr
  0.91IOVFX Gmo InternationalPairCorr
  0.96GHVIX Gmo High YieldPairCorr
  0.95GIEAX Gmo International EquityPairCorr
  0.94GIMFX Gmo ImplementationPairCorr
  0.83GIOTX Gmo InternationalPairCorr
  0.91GMAZX Gmo InternationalPairCorr
  0.91GMBCX Gmo InternationalPairCorr
  0.96GMADX Gmo Global EquityPairCorr
  0.83GMAHX Gmo Usonian JapanPairCorr
  0.83GMAKX Gmo Usonian JapanPairCorr
  0.92GMAQX Gmo Emerging MarketsPairCorr
  0.97GMAUX Gmo Emerging MarketsPairCorr
  0.95GMDFX Gmo Emerging CountryPairCorr
  0.95GMCDX Gmo Emerging NtryPairCorr
  0.8GMCFX Gmo International EquityPairCorr
  0.96GMCQX Gmo Equity AllocationPairCorr
  1.0GMEMX Gmo Emerging MarketsPairCorr
  0.92GMGEX Gmo Global EquityPairCorr
  0.83GMIIX Gmo Usonian JapanPairCorr
  0.91GMODX Gmo Opportunistic IncomePairCorr
  1.0GMOEX Gmo Emerging MarketsPairCorr
  0.88GMOHX Gmo Opportunistic IncomePairCorr
  0.84GMOIX Gmo International EquityPairCorr
  0.89GMOLX Gmo Opportunistic IncomePairCorr
  0.95GMOOX Gmo Global AssetPairCorr
  0.85PPADX Gmo TrustPairCorr
  0.8PPAEX Gmo TrustPairCorr
  0.85PPAJX Gmo Opportunistic ValuePairCorr
  0.95GMOQX Gmo Emerging CountryPairCorr
  0.84GMOUX Gmo International EquityPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Gmo Mutual Fund performing well and Gmo Emerging 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 Emerging'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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