Gmo Quality Correlations

Mutual Funds . USA . 
Fund . Gmo Quality Fund
GQLOX Fund  USD 37.54  0.15  0.40%   
The current 90-days correlation between Gmo Quality Fund and Ultramid Cap Profund Ultramid Cap is 0.81 (i.e., Very poor diversification). The correlation of Gmo Quality 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.

Gmo Quality Correlation With Market

Very poor diversification

The correlation between Gmo Quality Fund and DJI is 0.81 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Gmo Quality Fund 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 Gmo Quality Fund. 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 producer price index.

Moving together with Gmo Mutual Fund

  0.85GUGAX Gmo E PlusPairCorr
  0.69GUSTX Gmo TreasuryPairCorr
  0.8GEACX Gmo TrustPairCorr
  0.88GEMNX Gmo Emerging MarketsPairCorr
  0.91GWOAX Gmo Global DevelopedPairCorr
  0.8IOVFX Gmo InternationalPairCorr
  0.86GHVIX Gmo High YieldPairCorr
  0.87GIEAX Gmo International EquityPairCorr
  0.84GIMFX Gmo ImplementationPairCorr
  0.79GIOTX Gmo InternationalPairCorr
  0.8GMAZX Gmo InternationalPairCorr
  0.8GMBCX Gmo InternationalPairCorr
  0.92GMADX Gmo Global EquityPairCorr
  0.92GMAQX Gmo Emerging MarketsPairCorr
  0.92GMAUX Gmo Emerging MarketsPairCorr
  0.83GMDFX Gmo Emerging CountryPairCorr
  0.83GMCDX Gmo Emerging NtryPairCorr
  0.78GMCFX Gmo International EquityPairCorr
  0.94GMCQX Gmo Equity AllocationPairCorr
  0.92GMGEX Gmo Global EquityPairCorr
  0.81GMODX Gmo Opportunistic IncomePairCorr
  0.82GMOHX Gmo Opportunistic IncomePairCorr
  0.78GMOIX Gmo International EquityPairCorr
  0.82GMOLX Gmo Opportunistic IncomePairCorr
  0.92GMOOX Gmo Global AssetPairCorr
  0.78GMOUX Gmo International EquityPairCorr
  0.8GMOWX Gmo ResourcesPairCorr
  0.93GMUEX Gmo Equity AllocationPairCorr
  0.8GOVIX Gmo ResourcesPairCorr
  0.85GPBFX Gmo E PlusPairCorr
  1.0GQESX Gmo Quality FundPairCorr
  1.0GQLIX Gmo Quality FundPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Gmo Mutual Fund performing well and Gmo Quality 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 Gmo Quality's 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.

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