Grandeur Peak Correlations

Mutual Funds USA . 
Fund . Grandeur Peak Emerging
GPEIX Fund  USD 12.98  0.01  0.08%   
The current 90-days correlation between Grandeur Peak Emerging and Pender Real Estate is -0.01 (i.e., Good diversification). The correlation of Grandeur Peak 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.

Grandeur Peak Correlation With Market

Weak diversification

The correlation between Grandeur Peak Emerging and DJI is 0.33 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Grandeur Peak Emerging 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 Grandeur Peak Emerging. 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 gross domestic product.

Moving together with Grandeur Mutual Fund

  0.93GUSYX Grandeur Peak StalwartsPairCorr
  0.97GGSOX Grandeur Peak GlobalPairCorr
  0.97GGSYX Grandeur Peak GlobalPairCorr
  0.98GISOX Grandeur Peak InternPairCorr
  0.98GISYX Grandeur Peak InternPairCorr
  1.0GPEOX Grandeur Peak EmergingPairCorr
  0.96GPGCX Grandeur Peak GlobalPairCorr
  0.97GPGIX Grandeur Peak GlobalPairCorr
  0.97GPGOX Grandeur Peak GlobalPairCorr
  0.99GPIIX Grandeur Peak InternPairCorr
  0.99GPIOX Grandeur Peak InternPairCorr
  0.97GPMCX Grandeur Peak GlobalPairCorr
  0.98GPRIX Grandeur Peak GlobalPairCorr
  0.98GPROX Grandeur Peak GlobalPairCorr
  0.99VEMAX Vanguard Emerging MarketsPairCorr
  0.99VEIEX Vanguard Emerging MarketsPairCorr
  0.99VEMIX Vanguard Emerging MarketsPairCorr
  0.99VEMRX Vanguard Emerging MarketsPairCorr
  0.99FWWNX American Funds NewPairCorr
  0.99FNFWX American Funds NewPairCorr
  0.99NEWFX New World FundPairCorr
  0.99NWFFX New World FundPairCorr
  0.99NEWCX New World FundPairCorr
  0.98ODVYX Oppenheimer DevelopingPairCorr
  0.94CPAYX Columbia Pacific/asiaPairCorr
  0.96CASAX Columbia Pacific/asiaPairCorr
  0.96CASCX Columbia PacificasiaPairCorr
  0.98MSKLX Mid Cap GrowthPairCorr
  0.98CISGX Touchstone Sands CapitalPairCorr
  0.98MPEGX Mid Cap GrowthPairCorr
  0.95CAMWX Cambiar OpportunityPairCorr
  0.97QSMLX Aqr Small CapPairCorr
  0.92VSVIX Victory Integrity SmallPairCorr
  0.94RITBX American High IncomePairCorr
  0.94GSBGX Gmo Small CapPairCorr
  0.71RAAEX Short Term BondPairCorr
  0.98PTERX Principal Lifetime 2050PairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Grandeur Mutual Fund performing well and Grandeur Peak 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 Grandeur Peak'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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