Gqg Partners Correlations

Mutual Funds . USA . 
Fund . Gqg Partners Select
GQEIX Fund  USD 21.58  0.05  0.23%   
The current 90-days correlation between Gqg Partners Select and Gqg Partners Global is 0.89 (i.e., Very poor diversification). The correlation of Gqg Partners 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.

Gqg Partners Correlation With Market

Very weak diversification

The correlation between Gqg Partners Select and DJI is 0.47 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Gqg Partners Select 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 Gqg Partners Select. 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 Gqg Mutual Fund

  0.83GQFIX Gqg Partners GlobalPairCorr
  0.83GQFPX Gqg Partners GlobalPairCorr
  0.93GQHIX Gqg Partners QualityPairCorr
  0.93GQHPX Gqg Partners QualityPairCorr
  0.66GQGIX Gqg Partners EmergPairCorr
  0.66GQGPX Gqg Partners EmergPairCorr
  0.76GQJIX Gqg Partners InternaPairCorr
  0.76GQJPX Gqg Partners InternaPairCorr
  0.93GQRIX Gqg Partners GlobalPairCorr
  0.66VTSAX Vanguard Total StockPairCorr
  0.66VFIAX Vanguard 500 IndexPairCorr
  0.66VTSMX Vanguard Total StockPairCorr
  0.66VITSX Vanguard Total StockPairCorr
  0.66VSMPX Vanguard Total StockPairCorr
  0.66VSTSX Vanguard Total StockPairCorr
  0.66VFINX Vanguard 500 IndexPairCorr
  0.66VFFSX Vanguard 500 IndexPairCorr
  0.66VINIX Vanguard InstitutionalPairCorr
  0.66VIIIX Vanguard InstitutionalPairCorr
  0.74LUBIX Thrivent IncomePairCorr
  0.72STEZX International StrategicPairCorr
  0.7IFRIX Voya Floating RatePairCorr
  0.7FADMX Fidelity Advisor StrPairCorr
  0.68CLREX Columbia BalancedPairCorr
  0.64MOORX Massmutual Premier SmallPairCorr
  0.64OANEX Oakmark InternationalPairCorr
  0.62HMVFX Hartford MidcapPairCorr
  0.72FTCCX Franklin ConservativePairCorr
  0.68MAUKX Pioneer Multi AssetPairCorr
  0.65PGWAX Allianzgi Focused GrowthPairCorr
  0.61VSRAX Invesco Small CapPairCorr
  0.68PZHEX T Rowe PricePairCorr
  0.72BICPX Blackrock ConservativePairCorr
  0.69PRXIX T Rowe PricePairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Gqg Mutual Fund performing well and Gqg Partners 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 Gqg Partners' 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
GQFIX  0.47  0.06 (0.07) 0.35  0.33 
(0.56)
 1.06 
(0.75)
 2.69 
GQFPX  0.48  0.06 (0.07) 0.35  0.34 
(0.57)
 1.06 
(0.75)
 2.60 
GQEIX  0.59 (0.04)(0.16) 0.03  0.74 
(0.58)
 1.11 
(1.18)
 3.63 
GQHIX  0.54 (0.01)(0.16) 0.09  0.60 
(0.57)
 1.00 
(0.99)
 3.43 
GQHPX  0.53 (0.01)(0.15) 0.08  0.60 
(0.58)
 1.00 
(1.14)
 3.59 
GQGIX  0.47  0.08 (0.02) 0.36  0.33 
(0.55)
 1.29 
(0.71)
 2.74 
GQGPX  0.47  0.08 (0.02) 0.36  0.32 
(0.54)
 1.36 
(0.76)
 2.76 
GQJIX  0.41  0.10 (0.02) 0.61  0.18 
(0.51)
 1.11 
(0.79)
 2.41 
GQJPX  0.41  0.10 (0.02) 0.61  0.18 
(0.50)
 1.11 
(0.79)
 2.43 
GQRIX  0.53  0.00 (0.14) 0.12  0.52 
(0.61)
 1.03 
(0.92)
 3.02 

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