Gqg Partners Correlations

Mutual Funds . USA . 
Fund . Gqg Partners International
GQJIX Fund  USD 11.31  0.02  0.18%   
The current 90-days correlation between Gqg Partners Interna and Gqg Partners Global is 0.87 (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

Weak diversification

The correlation between Gqg Partners International and DJI is 0.35 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Gqg Partners International 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 International. 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

  0.99GQFIX Gqg Partners GlobalPairCorr
  0.99GQFPX Gqg Partners GlobalPairCorr
  0.76GQEIX Gqg Partners SelectPairCorr
  0.86GQHIX Gqg Partners QualityPairCorr
  0.86GQHPX Gqg Partners QualityPairCorr
  0.94GQGIX Gqg Partners EmergPairCorr
  0.93GQGPX Gqg Partners EmergPairCorr
  1.0GQJPX Gqg Partners InternaPairCorr
  0.94GQRIX Gqg Partners GlobalPairCorr
  0.97DOXFX Dodge Cox InternationalPairCorr
  0.96OANIX Oakmark InternationalPairCorr
  0.97DODFX Dodge International StockPairCorr
  0.96OAKIX Oakmark InternationalPairCorr
  0.96OAYIX Oakmark InternationalPairCorr
  0.96OAZIX Oakmark InternationalPairCorr
  0.97FINVX Fidelity Series IntePairCorr
  0.95VTRIX Vanguard InternationalPairCorr
  0.98RRIGX T Rowe PricePairCorr
  0.73GAAKX Gmo Alternative AlloPairCorr
  0.72GAAGX Gmo Alternative AlloPairCorr
  0.69GPBFX Gmo E PlusPairCorr
  0.63WARCX Wells Fargo AdvantagePairCorr
  0.92MSPTX Global Advantage Por Steady GrowthPairCorr
  0.94SWYMX Schwab Target 2050PairCorr
  0.92CMBZX Columbia Emerging MarketsPairCorr
  0.91JAFSX John Hancock VariablePairCorr
  0.91ECTVX Eaton Vance TaxPairCorr
  0.85MAAUX Morgan Stanley InstiPairCorr
  0.94TRFWX Target 2045 FundPairCorr
  0.88MSCGX Mercer Smallmid CapPairCorr
  0.92AWF AlliancebernsteinPairCorr
  0.88BBVSX Bridge Builder SmallmidPairCorr
  0.94SCFQX Pgim Securitized CreditPairCorr
  0.93CMPVX Catholic ResponsiblePairCorr
  0.84HSCVX Hunter Small CapPairCorr

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  0.48  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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