Gmo Small Correlations

Mutual Funds . USA . 
Fund . Gmo Small Cap
GSBGX Fund   23.24  0.17  0.73%   
The current 90-days correlation between Gmo Small Cap and The Hartford Growth is 0.82 (i.e., Very poor diversification). The correlation of Gmo Small 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 Small Correlation With Market

Very poor diversification

The correlation between Gmo Small Cap and DJI is 0.83 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Gmo Small Cap 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 Small Cap. 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 price.

Moving together with Gmo Mutual Fund

  0.62GHVIX Gmo High YieldPairCorr
  0.67GMAWX Gmo Small CapPairCorr
  0.65GMADX Gmo Global EquityPairCorr
  0.61GMAQX Gmo Emerging MarketsPairCorr
  0.64GMCQX Gmo Equity AllocationPairCorr
  0.92GMOIX Gmo International EquityPairCorr
  0.68GQESX Gmo Quality FundPairCorr
  0.71GAAGX Gmo Alternative AlloPairCorr
  0.76GAAKX Gmo Alternative AlloPairCorr
  0.96VSGAX Vanguard Small CapPairCorr
  0.98VSGIX Vanguard Small CapPairCorr
  0.98VISGX Vanguard Small CapPairCorr
  0.99VEXPX Vanguard ExplorerPairCorr
  0.99VEXRX Vanguard ExplorerPairCorr
  0.98JGMIX Janus TritonPairCorr
  0.98JGMRX Janus TritonPairCorr
  0.95JGMAX Janus TritonPairCorr
  0.98JGMCX Janus TritonPairCorr
  0.95JGMNX Janus TritonPairCorr
  0.62VTSAX Vanguard Total StockPairCorr
  0.62VFIAX Vanguard 500 IndexPairCorr
  0.62VTSMX Vanguard Total StockPairCorr
  0.62VSMPX Vanguard Total StockPairCorr
  0.62VSTSX Vanguard Total StockPairCorr
  0.62VITSX Vanguard Total StockPairCorr
  0.62VFINX Vanguard 500 IndexPairCorr
  0.62VFFSX Vanguard 500 IndexPairCorr
  0.93VGTSX Vanguard Total InterPairCorr
  0.63VTIAX Vanguard Total InterPairCorr
  0.98ATECX Ab Sustainable GlobalPairCorr
  0.88ADNIX Amer Beacon Ark Steady GrowthPairCorr
  0.95TEMVX Tiaa Cref EmergingPairCorr
  0.96OPTIX Oppenheimer CapitalPairCorr
  0.65RYCVX Dow 2x StrategyPairCorr
  0.99VEVFX Vanguard Explorer ValuePairCorr
  0.97MSPIX Mainstay Sp 500PairCorr
  0.95AAIYX Alger Mid Cap Steady GrowthPairCorr
  0.69PGCAX Investment Grade PoratePairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Gmo Mutual Fund performing well and Gmo Small 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 Small'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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