Gmo Emerging Correlations

Mutual Funds USA . 
Fund . Gmo Emerging Country
GMOQX Fund  USD 20.92  0.06  0.29%   
The current 90-days correlation between Gmo Emerging Country and Tax Managed Large Cap is 0.43 (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 good diversification

The correlation between Gmo Emerging Country and DJI is -0.22 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Gmo Emerging Country 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 Country. 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 producer price index.

Moving together with Gmo Mutual Fund

  0.74GUGAX Gmo E PlusPairCorr
  0.95GUSOX Gmo TrustPairCorr
  0.92GUSTX Gmo TreasuryPairCorr
  0.93GEACX Gmo TrustPairCorr
  0.95GEMEX Gmo Emerging MarketsPairCorr
  0.95GEMMX Gmo Emerging MarketsPairCorr
  0.95GEMNX Gmo Emerging MarketsPairCorr
  0.96GWOAX Gmo Global DevelopedPairCorr
  0.94IOVFX Gmo InternationalPairCorr
  0.97GHVIX Gmo High YieldPairCorr
  0.94GIEAX Gmo International EquityPairCorr
  0.97GIMFX Gmo ImplementationPairCorr
  0.92GIOTX Gmo InternationalPairCorr
  0.9GMAWX Gmo Small CapPairCorr
  0.9GMAYX Gmo Small CapPairCorr
  0.94GMAZX Gmo InternationalPairCorr
  0.94GMBCX Gmo InternationalPairCorr
  0.95GMADX Gmo Global EquityPairCorr
  0.9GMAHX Gmo Usonian JapanPairCorr
  0.9GMAKX Gmo Usonian JapanPairCorr
  0.95GMAQX Gmo Emerging MarketsPairCorr
  0.95GMAUX Gmo Emerging MarketsPairCorr
  1.0GMDFX Gmo Emerging CountryPairCorr
  1.0GMCDX Gmo Emerging NtryPairCorr
  0.91GMCFX Gmo International EquityPairCorr
  0.95GMCQX Gmo Equity AllocationPairCorr
  0.95GMEMX Gmo Emerging MarketsPairCorr
  0.95GMGEX Gmo Global EquityPairCorr
  0.9GMIIX Gmo Usonian JapanPairCorr
  0.91GMODX Gmo Opportunistic IncomePairCorr
  0.95GMOEX Gmo Emerging MarketsPairCorr
  0.92GMOHX Gmo Opportunistic IncomePairCorr
  0.91GMOIX Gmo International EquityPairCorr
  0.91GMOLX Gmo Opportunistic IncomePairCorr
  0.97GMOOX Gmo Global AssetPairCorr
  0.96PPADX Gmo TrustPairCorr
  0.95PPAEX Gmo TrustPairCorr
  0.96PPAJX Gmo Opportunistic ValuePairCorr

Moving against Gmo Mutual Fund

  0.53GMAEX Gmo Quality CyclicalsPairCorr
  0.53GMAOX Gmo TrustPairCorr

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 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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2025 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY