Gqg Partners Correlations

Mutual Funds . USA . 
Fund . Gqg Partners Global
GQFIX Fund  USD 12.12  0.01  0.08%   
The current 90-days correlation between Gqg Partners Global and Gqg Partners Global is -0.05 (i.e., Good 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 Global and DJI is 0.43 (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 Global 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 Global. 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

  0.64GQFPX Gqg Partners GlobalPairCorr
  0.91GQHIX Gqg Partners QualityPairCorr
  0.91GQHPX Gqg Partners QualityPairCorr
  0.93GQGPX Gqg Partners EmergPairCorr
  0.99GQJIX Gqg Partners InternaPairCorr
  0.99GQJPX Gqg Partners InternaPairCorr
  0.97GQRIX Gqg Partners GlobalPairCorr
  0.95TEDRX Franklin Mutual GlobalPairCorr
  0.95FMDRX Franklin Mutual GlobalPairCorr
  0.95DOXWX Dodge Cox GlobalPairCorr
  0.95DODWX Dodge Global StockPairCorr
  0.94TRZRX T Rowe PricePairCorr
  0.95TEDIX Franklin Mutual GlobalPairCorr
  0.95MDISX Franklin Mutual GlobalPairCorr
  0.95TEDSX Franklin Mutual GlobalPairCorr
  0.94PRAFX T Rowe PricePairCorr
  0.95BEGRX Franklin Mutual BeaconPairCorr
  0.94FTYPX Fidelity Freedom IndexPairCorr
  0.94FFBTX Fidelity Freedom BlendPairCorr
  0.72GAAVX Gmo Alternative AlloPairCorr
  0.87GCAVX Gmo Small CapPairCorr
  0.92GQLOX Gmo Quality FundPairCorr
  0.93GHVIX Gmo High YieldPairCorr
  0.91GMCQX Gmo Equity AllocationPairCorr
  0.92CTFAX Columbia ThermostatPairCorr
  0.91AVEAX Ave Maria FocusedPairCorr
  0.91VEMPX Vanguard Extended MarketPairCorr
  0.92EAD Allspring Income OppPairCorr
  0.61NJCCX Nuveen New JerseyPairCorr
  0.91RPCCX Columbia Capital AllPairCorr
  0.95EPSRX Mainstay Epoch GlobalPairCorr
  0.92BRKBX Mfs Blended ResearchPairCorr
  0.91TPLIX Timothy Large/mip-capPairCorr
  0.93CDOZX Columbia DividendPairCorr
  0.9SCMIX Columbia SeligmanPairCorr

Related Correlations Analysis

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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  0.44  0.07 (0.12)(0.83) 0.39 
(0.51)
 0.92 
(0.75)
 2.47 
GQEIX  0.55  0.02 (0.17)(0.12) 0.67 
(0.55)
 1.11 
(1.01)
 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  0.44  0.00 (0.08) 0.00  0.38 
(0.51)
 0.97 
(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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