Gqg Partners Correlations

Mutual Funds . USA . 
Fund . Gqg Partners Emerg
GQGPX Fund  USD 17.19  0.02  0.12%   
The current 90-days correlation between Gqg Partners Emerg and Artisan Developing World is 0.66 (i.e., 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 Emerg and DJI is 0.51 (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 Emerg 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 Emerg. 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 american community survey.

Moving together with Gqg Mutual Fund

  0.93GQFIX Gqg Partners GlobalPairCorr
  0.66GQEIX Gqg Partners SelectPairCorr
  0.74GQHIX Gqg Partners QualityPairCorr
  0.75GQHPX Gqg Partners QualityPairCorr
  1.0GQGIX Gqg Partners EmergPairCorr
  0.93GQJIX Gqg Partners InternaPairCorr
  0.94GQJPX Gqg Partners InternaPairCorr
  0.98VEMAX Vanguard Emerging MarketsPairCorr
  0.98VEIEX Vanguard Emerging MarketsPairCorr
  0.98VEMIX Vanguard Emerging MarketsPairCorr
  0.97VEMRX Vanguard Emerging MarketsPairCorr
  0.97FWWNX American Funds NewPairCorr
  0.97FNFWX American Funds NewPairCorr
  0.97NEWFX New World FundPairCorr
  0.97NWFFX New World FundPairCorr
  0.98NEWCX New World FundPairCorr
  0.97ODVYX Oppenheimer DevelopingPairCorr
  0.88FSMMX Fs Multi StrategyPairCorr
  0.96BTMPX Ishares Msci EafePairCorr
  0.96BTMKX Blackrock InternationalPairCorr
  0.96MDIIX Blackrock Intern IndexPairCorr
  0.72SPMPX Invesco Steelpath MlpPairCorr
  0.72MLPNX Oppenheimer Steelpath MlpPairCorr
  0.7MLPMX Oppenheimer Steelpath MlpPairCorr
  0.7SPMJX Invesco Steelpath MlpPairCorr
  0.96RBITX American Funds 2050PairCorr
  0.96VFIAX Vanguard 500 IndexPairCorr
  0.98JINTX Johnson InternationalPairCorr
  0.93AOFAX Alger Small CapPairCorr
  0.93QTSSX Quantified TacticalPairCorr
  0.76PCIMX California IntermediatePairCorr
  0.96FLMFX Muirfield Fund RetailPairCorr
  0.96IRDAX Ishares Russell 3000PairCorr
  0.96GSPQX Goldman Sachs EquityPairCorr
  0.96MIFIX Miller Intermediate BondPairCorr
  0.97LEKKX Blackrock Lifepath EsgPairCorr
  0.96LSIRX Clearbridge Mid CapPairCorr
  0.95MHYIX Mainstay High YieldPairCorr
  0.96RVPHX Royce Smaller CompaniesPairCorr

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
ARTYX  0.72  0.14  0.11  0.33  0.54 
(0.79)
 2.05 
(1.45)
 4.41 
WAESX  0.72  0.12  0.07  0.39  0.56 
(0.85)
 1.92 
(1.38)
 4.59 
WBENX  0.57  0.23  0.21  0.80  0.00 
(0.69)
 1.81 
(0.98)
 3.92 
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 
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 

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