Gmo Usonian Correlations

Mutual Funds . USA . 
Fund . Gmo Usonian Japan Value
GMAHX Fund  USD 24.80  0.08  0.32%   
The current 90-days correlation between Gmo Usonian Japan and Jpmorgan Diversified Fund is 0.66 (i.e., Poor diversification). The correlation of Gmo Usonian 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 Usonian Correlation With Market

Very weak diversification

The correlation between Gmo Usonian Japan Value and DJI is 0.51 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Gmo Usonian Japan Value 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 Usonian Japan Value. 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 together with Gmo Mutual Fund

  0.77GUGAX Gmo E PlusPairCorr
  0.82GUSOX Gmo TrustPairCorr
  0.68GUSTX Gmo TreasuryPairCorr
  0.68GEACX Gmo TrustPairCorr
  0.81GEMEX Gmo Emerging MarketsPairCorr
  0.77GEMMX Gmo Emerging MarketsPairCorr
  0.81GEMNX Gmo Emerging MarketsPairCorr
  0.89GWOAX Gmo Global DevelopedPairCorr
  0.87IOVFX Gmo InternationalPairCorr
  0.84GHVIX Gmo High YieldPairCorr
  0.92GIEAX Gmo International EquityPairCorr
  0.92GIMFX Gmo ImplementationPairCorr
  0.93GIOTX Gmo InternationalPairCorr
  0.87GMAZX Gmo InternationalPairCorr
  0.87GMBCX Gmo InternationalPairCorr
  0.88GMADX Gmo Global EquityPairCorr
  1.0GMAKX Gmo Usonian JapanPairCorr
  0.68GMAQX Gmo Emerging MarketsPairCorr
  0.67GMAUX Gmo Emerging MarketsPairCorr
  0.81GMDFX Gmo Emerging CountryPairCorr
  0.81GMCDX Gmo Emerging NtryPairCorr
  0.92GMCFX Gmo International EquityPairCorr
  0.8GMCQX Gmo Equity AllocationPairCorr
  0.81GMEMX Gmo Emerging MarketsPairCorr
  0.88GMGEX Gmo Global EquityPairCorr
  1.0GMIIX Gmo Usonian JapanPairCorr
  0.72GMODX Gmo Opportunistic IncomePairCorr
  0.81GMOEX Gmo Emerging MarketsPairCorr
  0.73GMOHX Gmo Opportunistic IncomePairCorr
  0.92GMOIX Gmo International EquityPairCorr
  0.73GMOLX Gmo Opportunistic IncomePairCorr
  0.91GMOOX Gmo Global AssetPairCorr
  0.82PPADX Gmo TrustPairCorr
  0.85PPAEX Gmo TrustPairCorr
  0.82PPAJX Gmo Opportunistic ValuePairCorr
  0.82GMOQX Gmo Emerging CountryPairCorr
  0.92GMOUX Gmo International EquityPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

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