Gmo Quality Correlations

Mutual Funds . USA . 
Fund . Gmo Quality Fund
GQEFX Fund  USD 34.36  0.15  0.44%   
The current 90-days correlation between Gmo Quality Fund and Gmo E Plus is -0.05 (i.e., Good diversification). The correlation of Gmo Quality 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 Quality Correlation With Market

Good diversification

The correlation between Gmo Quality Fund and DJI is -0.08 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Gmo Quality Fund 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 Quality Fund. 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 census.

Moving together with Gmo Mutual Fund

  0.63GUGAX Gmo E PlusPairCorr
  0.98GUSOX Gmo TrustPairCorr
  0.88GUSTX Gmo TreasuryPairCorr
  0.93GEACX Gmo TrustPairCorr
  0.97GEMEX Gmo Emerging MarketsPairCorr
  0.97GEMMX Gmo Emerging MarketsPairCorr
  0.97GEMNX Gmo Emerging MarketsPairCorr
  0.99GWOAX Gmo Global DevelopedPairCorr
  0.97IOVFX Gmo InternationalPairCorr
  0.98GHVIX Gmo High YieldPairCorr
  0.96GIEAX Gmo International EquityPairCorr
  0.97GIMFX Gmo ImplementationPairCorr
  0.94GIOTX Gmo InternationalPairCorr
  0.94GMAWX Gmo Small CapPairCorr
  0.94GMAYX Gmo Small CapPairCorr
  0.97GMAZX Gmo InternationalPairCorr
  0.95GMBCX Gmo InternationalPairCorr
  0.97GMADX Gmo Global EquityPairCorr
  0.9GMAHX Gmo Usonian JapanPairCorr
  0.93GMAKX Gmo Usonian JapanPairCorr
  0.98GMAQX Gmo Emerging MarketsPairCorr
  0.97GMAUX Gmo Emerging MarketsPairCorr
  0.94GMDFX Gmo Emerging CountryPairCorr
  0.94GMCDX Gmo Emerging NtryPairCorr
  0.96GMCFX Gmo International EquityPairCorr
  0.99GMCQX Gmo Equity AllocationPairCorr
  0.97GMEMX Gmo Emerging MarketsPairCorr
  0.97GMGEX Gmo Global EquityPairCorr
  0.9GMIIX Gmo Usonian JapanPairCorr
  0.84GMODX Gmo Opportunistic IncomePairCorr
  0.97GMOEX Gmo Emerging MarketsPairCorr
  0.86GMOHX Gmo Opportunistic IncomePairCorr
  0.96GMOIX Gmo International EquityPairCorr
  0.85GMOLX Gmo Opportunistic IncomePairCorr
  0.97GMOOX Gmo Global AssetPairCorr
  0.95PPADX Gmo TrustPairCorr
  0.95PPAEX Gmo TrustPairCorr
  0.95PPAJX Gmo Opportunistic ValuePairCorr

Moving against Gmo Mutual Fund

  0.56GMAEX Gmo Quality CyclicalsPairCorr
  0.56GMAOX 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 Quality 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 Quality'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.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
GUGAX  0.24  0.00 (0.49) 0.18  0.23 
(0.26)
 0.47 
(0.47)
 1.18 
GUSOX  0.71  0.18 (0.02)(0.86) 0.63 
(0.78)
 1.75 
(1.20)
 5.02 
GUSTX  0.03  0.00  0.00  0.90  0.00 
 0.00 
 0.20 
 0.00 
 0.60 
GEACX  1.17  0.23  0.11  0.61  0.98 
(1.41)
 2.79 
(2.05)
 7.32 
GEMEX  0.51  0.22  0.18  0.79  0.00 
(0.59)
 1.70 
(0.76)
 4.06 
GEMMX  0.50  0.22  0.18  0.80  0.00 
(0.58)
 1.67 
(0.73)
 4.13 
GEMNX  0.51  0.22  0.17  0.80  0.00 
(0.60)
 1.74 
(0.72)
 4.09 
GWOAX  0.51  0.20  0.02 (2.53) 0.38 
(0.57)
 1.50 
(1.13)
 3.06 
IOVFX  0.54  0.00  0.02  0.00  0.37 
(0.59)
 1.28 
(1.18)
 2.99 
GHVIX  0.17  0.08 (0.45)(1.46) 0.00 
(0.23)
 0.48 
(0.29)
 1.35 

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