Gqg Partners Correlations

GQHPX Fund

USD 13.13 0.06 0.46%

The current 90-days correlation between Gqg Partners Quality and Gqg Partners Global is -0.07 (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 Quality and DJI is 0.41 (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 Quality 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 Quality. 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

0.83	GQFIX	Gqg Partners Global	Pair Corr
0.83	GQFPX	Gqg Partners Global	Pair Corr
0.92	GQEIX	Gqg Partners Select	Pair Corr
0.8	GQHIX	Gqg Partners Quality	Pair Corr
0.74	GQGIX	Gqg Partners Emerg	Pair Corr
0.74	GQGPX	Gqg Partners Emerg	Pair Corr
0.86	GQJIX	Gqg Partners Interna	Pair Corr
0.86	GQJPX	Gqg Partners Interna	Pair Corr
0.95	GQRIX	Gqg Partners Global	Pair Corr
0.78	VVIAX	Vanguard Value Index	Pair Corr
0.77	DOXGX	Dodge Cox Stock	Pair Corr
0.78	AFMFX	American Mutual	Pair Corr
0.78	FFMMX	American Funds American	Pair Corr
0.78	FFFMX	American Funds American	Pair Corr
0.74	AMRMX	American Mutual	Pair Corr
0.75	AMFFX	American Mutual	Pair Corr
0.75	AMFCX	American Mutual	Pair Corr
0.77	DODGX	Dodge Stock Fund	Pair Corr
0.78	VIVAX	Vanguard Value Index	Pair Corr
0.62	FOIPX	Income Fund Institutional	Pair Corr
0.7	VALSX	Value Line Premier	Pair Corr
0.69	BDFFX	Baron Discovery	Pair Corr
0.72	UOPIX	Ultra Nasdaq 100	Pair Corr
0.72	OTPIX	Nasdaq 100 Profund	Pair Corr
0.75	VRHYX	Virtus High Yield	Pair Corr
0.75	TAEDX	Transamerica Emerging	Pair Corr
0.77	FMIHX	Large Cap Fund	Pair Corr
0.76	ECSIX	Eaton Vance Short	Pair Corr
0.75	BTSRX	Bts Managed Income	Pair Corr
0.74	VFIAX	Vanguard 500 Index	Pair Corr
0.76	TORFX	Target 2010 Fund	Pair Corr
0.76	MNEAX	Mainstay Conservative Etf	Pair Corr
0.78	BYSYX	Bny Mellon Short	Pair Corr
0.73	MKFOX	Blackrock Large Cap	Pair Corr
0.78	RRTIX	T Rowe Price	Pair Corr
0.69	WMNUX	Westwood Market Neutral	Pair Corr

Related Correlations Analysis

	GQFIX	GQFPX	GQEIX	GQHIX	GQHPX	GQGIX	GQGPX	GQJPX	GQRIX
GQFIX		1.0	0.73	0.91	0.83	0.89	0.89	0.96	0.9	GQFIX
GQFPX	1.0		0.73	0.91	0.83	0.88	0.88	0.96	0.9	GQFPX
GQEIX	0.73	0.73		0.71	0.92	0.65	0.65	0.76	0.93	GQEIX
GQHIX	0.91	0.91	0.71		0.8	0.69	0.69	0.81	0.8	GQHIX
GQHPX	0.83	0.83	0.92	0.8		0.74	0.74	0.86	0.95	GQHPX
GQGIX	0.89	0.88	0.65	0.69	0.74		1.0	0.93	0.86	GQGIX
GQGPX	0.89	0.88	0.65	0.69	0.74	1.0		0.93	0.86	GQGPX
GQJPX	0.96	0.96	0.76	0.81	0.86	0.93	0.93		0.94	GQJPX
GQRIX	0.9	0.9	0.93	0.8	0.95	0.86	0.86	0.94		GQRIX
	GQFIX	GQFPX	GQEIX	GQHIX	GQHPX	GQGIX	GQGPX	GQJPX	GQRIX

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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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
GQFIX	0.47	0.10	(0.08)	(6.75)	0.33	(0.56)	1.06	(0.75)	2.69
GQFPX	0.48	0.10	(0.08)	(5.76)	0.34	(0.57)	1.06	(0.75)	2.60
GQEIX	0.60	(0.03)	(0.16)	0.04	0.73	(0.59)	1.11	(1.18)	3.63
GQHIX	0.54	0.03	(0.17)	(8.66)	0.60	(0.57)	1.00	(0.99)	3.43
GQHPX	0.54	(0.01)	(0.15)	0.11	0.61	(0.58)	1.00	(1.14)	3.59
GQGIX	0.46	0.07	(0.05)	0.33	0.34	(0.54)	1.29	(0.71)	2.74
GQGPX	0.46	0.06	(0.05)	0.33	0.32	(0.52)	1.36	(0.76)	2.76
GQJPX	0.41	0.09	(0.04)	0.57	0.20	(0.49)	1.11	(0.79)	2.43
GQRIX	0.54	0.00	(0.15)	0.13	0.51	(0.61)	1.03	(0.92)	3.02

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Gqg Partners Correlations

Gqg Partners Correlation With Market

Very weak diversification

Moving together with Gqg Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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