Gmo International Correlations

Mutual Funds . USA . 
Fund . Gmo International Opportunistic
GMAZX Fund   16.53  0.07  0.43%   
The current 90-days correlation between Gmo International and Applied Finance Explorer is -0.08 (i.e., Good diversification). The correlation of Gmo International 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 International Correlation With Market

Good diversification

The correlation between Gmo International Opportunisti and DJI is -0.04 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Gmo International Opportunisti 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 International Opportunistic. 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 nation.

Moving together with Gmo Mutual Fund

  0.81GUSOX Gmo TrustPairCorr
  0.63GUSTX Gmo TreasuryPairCorr
  0.8GEACX Gmo TrustPairCorr
  0.96GEMEX Gmo Emerging MarketsPairCorr
  0.96GEMMX Gmo Emerging MarketsPairCorr
  0.96GEMNX Gmo Emerging MarketsPairCorr
  0.99GWOAX Gmo Global DevelopedPairCorr
  1.0IOVFX Gmo InternationalPairCorr
  0.97GHVIX Gmo High YieldPairCorr
  0.96GIEAX Gmo International EquityPairCorr
  0.97GIMFX Gmo ImplementationPairCorr
  0.95GIOTX Gmo InternationalPairCorr
  0.91GMAWX Gmo Small CapPairCorr
  0.86GMAYX Gmo Small CapPairCorr
  0.97GMBCX Gmo InternationalPairCorr
  0.99GMADX Gmo Global EquityPairCorr
  0.94GMAHX Gmo Usonian JapanPairCorr
  0.99GMAKX Gmo Usonian JapanPairCorr
  0.96GMAQX Gmo Emerging MarketsPairCorr
  0.96GMAUX Gmo Emerging MarketsPairCorr
  0.89GMDFX Gmo Emerging CountryPairCorr
  0.89GMCDX Gmo Emerging NtryPairCorr
  0.94GMCFX Gmo International EquityPairCorr
  0.94GMCQX Gmo Equity AllocationPairCorr
  0.96GMEMX Gmo Emerging MarketsPairCorr
  0.99GMGEX Gmo Global EquityPairCorr
  0.94GMIIX Gmo Usonian JapanPairCorr
  0.7GMODX Gmo Opportunistic IncomePairCorr
  0.96GMOEX Gmo Emerging MarketsPairCorr
  0.61GMOHX Gmo Opportunistic IncomePairCorr
  0.98GMOIX Gmo International EquityPairCorr
  0.69GMOLX Gmo Opportunistic IncomePairCorr
  0.96GMOOX Gmo Global AssetPairCorr
  0.81PPADX Gmo TrustPairCorr
  0.79PPAEX Gmo TrustPairCorr
  0.81PPAJX Gmo Opportunistic ValuePairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

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