Gqg Partners Correlations

Mutual Funds . USA . 
Fund . Gqg Partners Global
GQRIX Fund  USD 18.61  0.06  0.32%   
The current 90-days correlation between Gqg Partners Global and Gqg Partners Global is 0.95 (i.e., Almost no 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 0.52 (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

  0.97GQFIX Gqg Partners GlobalPairCorr
  0.97GQFPX Gqg Partners GlobalPairCorr
  0.93GQEIX Gqg Partners SelectPairCorr
  0.94GQHIX Gqg Partners QualityPairCorr
  0.95GQHPX Gqg Partners QualityPairCorr
  0.87GQGIX Gqg Partners EmergPairCorr
  0.87GQGPX Gqg Partners EmergPairCorr
  0.94GQJIX Gqg Partners InternaPairCorr
  0.94GQJPX Gqg Partners InternaPairCorr
  0.88FNFPX American Funds NewPairCorr
  0.88FFPNX American Funds NewPairCorr
  0.88NPFCX New PerspectivePairCorr
  0.88ANWPX New PerspectivePairCorr
  0.88NPFFX New PerspectivePairCorr
  0.88CNPAX New PerspectivePairCorr
  0.88CNPEX New PerspectivePairCorr
  0.88CNPFX New PerspectivePairCorr
  0.88CNPCX New PerspectivePairCorr
  0.88RNPAX New PerspectivePairCorr
  0.69NHS Neuberger Berman HighPairCorr
  0.88FAQTX American Funds 2035PairCorr
  0.84ROGSX Red Oak TechnologyPairCorr
  0.88AMFCX American MutualPairCorr
  0.75RPEIX T Rowe PricePairCorr
  0.84MIGFX Massachusetts InvestorsPairCorr
  0.88TBLPX T Rowe PricePairCorr
  0.85PWTYX Ubs AllocationPairCorr
  0.82PHK Pimco High IncomePairCorr
  0.85MCYIX Mainstay CandriamPairCorr
  0.88GIFRX Goldman Sachs ShortPairCorr
  0.86ASCZX Alger Smallcap GrowthPairCorr
  0.77XHYIX Western Asset HighPairCorr
  0.87JFFYX Jpmorgan SmartretirementPairCorr
  0.85PSHAX Short Term FundPairCorr
  0.85VFINX Vanguard 500 IndexPairCorr
  0.86FMFIX Free Market FixedPairCorr
  0.86PGP Pimco Global StocksplusPairCorr
  0.87RSOOX Columbia DividendPairCorr
  0.82NREEX Neuberger Berman RealPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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 

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2025 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY