Gmo-usonian Japan Correlations

Mutual Funds . USA . 
Fund . Gmo Usonian Japan Value
GMAHX Fund  USD 22.80  0.22  0.96%   
The current 90-days correlation between Gmo Usonian Japan and Profunds Large Cap Growth is -0.19 (i.e., Good diversification). The correlation of Gmo-usonian Japan 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 Japan Correlation With Market

Very weak diversification

The correlation between Gmo Usonian Japan Value and DJI is 0.55 (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 rate.

Moving together with Gmo-usonian Mutual Fund

  0.66GUGAX Gmo E PlusPairCorr
  0.88GUSOX Gmo TrustPairCorr
  0.84GUSTX Gmo TreasuryPairCorr
  0.82GEACX Gmo TrustPairCorr
  0.93GEMEX Gmo Emerging MarketsPairCorr
  0.93GEMMX Gmo Emerging MarketsPairCorr
  0.93GEMNX Gmo Emerging MarketsPairCorr
  0.81GWOAX Gmo Global DevelopedPairCorr
  0.65IOVFX Gmo InternationalPairCorr
  0.71GHVIX Gmo High YieldPairCorr
  0.87GIEAX Gmo International EquityPairCorr
  0.69GIMFX Gmo ImplementationPairCorr
  0.98GIOTX Gmo InternationalPairCorr
  0.67GMAWX Gmo Small CapPairCorr
  0.75GMAYX Gmo Small CapPairCorr
  0.87GMAZX Gmo InternationalPairCorr
  0.87GMBCX Gmo InternationalPairCorr
  0.73GMADX Gmo Global EquityPairCorr
  0.88GMAKX Gmo Usonian JapanPairCorr
  0.73GMAQX Gmo Emerging MarketsPairCorr
  0.73GMAUX Gmo Emerging MarketsPairCorr
  0.88GMDFX Gmo Emerging CountryPairCorr
  0.89GMCDX Gmo Emerging NtryPairCorr
  0.64GMCFX Gmo International EquityPairCorr
  0.74GMCQX Gmo Equity AllocationPairCorr
  0.73GMEMX Gmo Emerging MarketsPairCorr
  0.95GMGEX Gmo Global EquityPairCorr
  0.69GMIIX Gmo Usonian JapanPairCorr
  0.82GMODX Gmo Opportunistic IncomePairCorr
  0.93GMOEX Gmo Emerging MarketsPairCorr
  0.69GMOHX Gmo Opportunistic IncomePairCorr
  0.86GMOIX Gmo International EquityPairCorr
  0.72GMOLX Gmo Opportunistic IncomePairCorr
  0.95GMOOX Gmo Global AssetPairCorr
  0.69PPADX Gmo TrustPairCorr
  0.69PPAEX Gmo TrustPairCorr
  0.7PPAJX Gmo Opportunistic ValuePairCorr

Moving against Gmo-usonian Mutual Fund

  0.33GMAEX Gmo Quality CyclicalsPairCorr
  0.33GMAOX Gmo TrustPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Gmo-usonian Mutual Fund performing well and Gmo-usonian Japan 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 Japan'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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