Gmo Us Correlations

GMUEX Fund

USD 15.01 0.05 0.33%

The current 90-days correlation between Gmo Equity Allocation and Western Asset Municipal is -0.09 (i.e., Good diversification). The correlation of Gmo Us 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.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios. 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 banks.

Moving together with Gmo Mutual Fund

0.66	GUSTX	Gmo Treasury	Pair Corr
0.68	GEACX	Gmo Trust	Pair Corr
0.79	GEMEX	Gmo Emerging Markets	Pair Corr
0.74	GEMMX	Gmo Emerging Markets	Pair Corr
0.79	GEMNX	Gmo Emerging Markets	Pair Corr
0.75	GWOAX	Gmo Global Developed	Pair Corr
0.74	IOVFX	Gmo International	Pair Corr
0.69	GHVIX	Gmo High Yield	Pair Corr
0.76	GIEAX	Gmo International Equity	Pair Corr
0.7	GIMFX	Gmo Implementation	Pair Corr
0.76	GIOTX	Gmo International	Pair Corr
0.68	GMAZX	Gmo International	Pair Corr
0.68	GMBCX	Gmo International	Pair Corr
0.76	GMADX	Gmo Global Equity	Pair Corr
0.78	GMAQX	Gmo Emerging Markets	Pair Corr
0.78	GMAUX	Gmo Emerging Markets	Pair Corr
0.79	GMDFX	Gmo Emerging Country	Pair Corr
0.79	GMCDX	Gmo Emerging Ntry	Pair Corr
0.73	GMCFX	Gmo International Equity	Pair Corr
0.82	GMCQX	Gmo Equity Allocation	Pair Corr
0.79	GMEMX	Gmo Emerging Markets	Pair Corr
0.76	GMGEX	Gmo Global Equity	Pair Corr
0.67	GMODX	Gmo Opportunistic Income	Pair Corr
0.79	GMOEX	Gmo Emerging Markets	Pair Corr
0.67	GMOHX	Gmo Opportunistic Income	Pair Corr
0.73	GMOIX	Gmo International Equity	Pair Corr
0.69	GMOLX	Gmo Opportunistic Income	Pair Corr
0.81	GMOOX	Gmo Global Asset	Pair Corr
0.78	GMOQX	Gmo Emerging Country	Pair Corr
0.73	GMOUX	Gmo International Equity	Pair Corr

Related Correlations Analysis

	XMHFX	QNZIX	SEDAX	OWCAX	PRINX	DLTNX
XMHFX		0.85	0.91	0.97	0.97	0.91	XMHFX
QNZIX	0.85		0.95	0.87	0.92	0.8	QNZIX
SEDAX	0.91	0.95		0.94	0.96	0.88	SEDAX
OWCAX	0.97	0.87	0.94		0.98	0.96	OWCAX
PRINX	0.97	0.92	0.96	0.98		0.95	PRINX
DLTNX	0.91	0.8	0.88	0.96	0.95		DLTNX
	XMHFX	QNZIX	SEDAX	OWCAX	PRINX	DLTNX

Risk-Adjusted Indicators

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

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
XMHFX	0.14	0.03	(0.13)	1.15	0.00	(0.23)	0.29	(0.15)	1.45
QNZIX	0.55	0.17	0.10	(1.46)	0.62	(0.59)	1.23	(1.10)	4.41
SEDAX	0.19	0.05	(0.03)	0.53	0.00	(0.27)	0.54	(0.33)	1.09
OWCAX	0.08	0.02	(0.39)	0.80	0.00	(0.14)	0.21	(0.10)	0.51
PRINX	0.14	0.06	(0.04)	2.29	0.00	(0.22)	0.45	(0.18)	0.92
DLTNX	0.17	0.02	(0.23)	0.98	0.00	(0.23)	0.45	(0.23)	0.90

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Gmo Us Correlations

Moving together with Gmo Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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