Gateway Fund Correlations

Mutual Funds . USA . 
Fund . Gateway Fund Class
GTECX Fund  USD 49.75  0.30  0.60%   
The current 90-days correlation between Gateway Fund Class and Scharf Balanced Opportunity is 0.06 (i.e., Significant diversification). The correlation of Gateway Fund 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.

Gateway Fund Correlation With Market

Average diversification

The correlation between Gateway Fund Class and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Gateway Fund Class 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 Gateway Fund Class. 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 persons.

Moving together with Gateway Mutual Fund

  0.66AMFAX Asg Managed FuturesPairCorr
  0.65AMFNX Asg Managed FuturesPairCorr
  0.64NOIAX Natixis Oakmark IntePairCorr
  0.97GCPAX Gateway Equity CallPairCorr
  0.87GCPCX Gateway Equity CallPairCorr
  0.87GCPNX Gateway Equity CallPairCorr
  0.87GCPYX Gateway Equity CallPairCorr
  0.66LGANX Loomis Sayles LimitedPairCorr
  0.65VNVCX Vaughan Nelson ValuePairCorr
  0.66VNVAX Vaughan Nelson ValuePairCorr
  0.67VNVNX Vaughan Nelson ValuePairCorr
  0.67VNVYX Vaughan Nelson ValuePairCorr
  0.7VSCNX Vaughan Nelson SmallPairCorr
  0.64ASFCX Asg Managed FuturesPairCorr
  0.72ESGCX Mirova Global SustainablePairCorr
  0.61ESGYX Mirova Global SustainablePairCorr
  0.74ESGMX Mirova Global SustainablePairCorr
  0.8NEFJX Vaughan Nelson SmallPairCorr
  0.7NEJCX Vaughan Nelson SmallPairCorr
  0.7NEJYX Vaughan Nelson SmallPairCorr

Related Correlations Analysis


Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

FKHEMX
+ 0.79
REMVX
FKHEMX
+ 0.77
FLKYPX
FKHEMX
+ 0.65
FUHKBX
CPUCX
+ 0.53
FLKYPX
CPUCX
+ 0.51
FKHEMX
FUHKBX
+ 0.49
REMVX
  

High negative correlations

REMVX
- 0.39
LOGBX

Risk-Adjusted Indicators

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