Gmo-usonian Japan Correlations

GMAHX Fund  USD 22.80  0.22  0.96%   
The current 90-days correlation between Gmo Usonian Japan and Absolute Convertible Arbitrage is -0.03 (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

Good diversification

The correlation between Gmo Usonian Japan Value and DJI is -0.05 (i.e., Good 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

  0.68GUSOX Gmo TrustPairCorr
  0.73GUSTX Gmo TreasuryPairCorr
  0.65GEACX Gmo TrustPairCorr
  0.91GEMEX Gmo Emerging MarketsPairCorr
  0.72GEMMX Gmo Emerging MarketsPairCorr
  0.72GEMNX Gmo Emerging MarketsPairCorr
  0.7GWOAX Gmo Global DevelopedPairCorr
  0.68IOVFX Gmo InternationalPairCorr
  0.72GHVIX Gmo High YieldPairCorr
  0.96GIEAX Gmo International EquityPairCorr
  0.69GIMFX Gmo ImplementationPairCorr
  0.97GIOTX Gmo InternationalPairCorr
  0.64GMAWX Gmo Small CapPairCorr
  0.84GMAYX Gmo Small CapPairCorr
  0.96GMAZX Gmo InternationalPairCorr
  0.96GMBCX Gmo InternationalPairCorr
  0.7GMADX Gmo Global EquityPairCorr
  1.0GMAKX Gmo Usonian JapanPairCorr
  0.72GMAQX Gmo Emerging MarketsPairCorr
  0.72GMAUX Gmo Emerging MarketsPairCorr
  0.87GMDFX Gmo Emerging CountryPairCorr
  0.87GMCDX Gmo Emerging NtryPairCorr
  0.96GMCFX Gmo International EquityPairCorr
  0.72GMCQX Gmo Equity AllocationPairCorr
  0.72GMEMX Gmo Emerging MarketsPairCorr
  0.94GMGEX Gmo Global EquityPairCorr
  0.69GMIIX Gmo Usonian JapanPairCorr
  0.85GMODX Gmo Opportunistic IncomePairCorr
  0.91GMOEX Gmo Emerging MarketsPairCorr
  0.73GMOHX Gmo Opportunistic IncomePairCorr
  0.97GMOIX Gmo International EquityPairCorr
  0.73GMOLX Gmo Opportunistic IncomePairCorr
  0.94GMOOX Gmo Global AssetPairCorr
  0.68PPADX Gmo TrustPairCorr
  0.68PPAEX Gmo TrustPairCorr
  0.68PPAJX Gmo Opportunistic ValuePairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.
High positive correlations   
XNCVXVAADX
VAADXARBOX
XNCVXARBOX
  
High negative correlations   
XNCVXCCD
CCDVAADX
CCDARBOX

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.