Gateway Fund Correlations

GTECX Fund  USD 47.12  0.14  0.30%   
The current 90-days correlation between Gateway Fund Class and Gateway Equity Call is 0.99 (i.e., No risk reduction). 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

Almost no diversification

The correlation between Gateway Fund Class and DJI is 0.95 (i.e., Almost no 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 main economic indicators.

Moving together with Gateway Mutual Fund

  0.99GCPAX Gateway Equity CallPairCorr
  0.99GCPCX Gateway Equity CallPairCorr
  0.99GCPNX Gateway Equity CallPairCorr
  0.99GCPYX Gateway Equity CallPairCorr
  0.76MGGYX Mirova Global GreenPairCorr
  1.0GATEX Gateway Fund ClassPairCorr
  1.0GTENX Gateway Fund ClassPairCorr
  0.99JHQCX Jpmorgan Hedged EquityPairCorr
  0.99JHEQX Jpmorgan Hedged EquityPairCorr
  0.99JHQAX Jpmorgan Hedged EquityPairCorr
  1.0GTEYX Gateway Fund ClassPairCorr
  0.98JHDCX Jpmorgan Hedged EquityPairCorr
  0.98JHDRX Jpmorgan Hedged EquityPairCorr
  0.98JHDAX Jpmorgan Hedged EquityPairCorr
  0.96SMPIX Semiconductor UltrasectorPairCorr
  0.96SMPSX Semiconductor UltrasectorPairCorr
  0.96RSNYX Victory Global NaturalPairCorr
  0.61EMO Clearbridge Energy MlpPairCorr
  0.96RSNRX Victory Global NaturalPairCorr
  0.96RGNCX Victory Global NaturalPairCorr
  0.75MLPTX Oppenheimer Steelpath MlpPairCorr
  0.98GCSUX Goldman Sachs SmallPairCorr
  0.96GNXCX Alphacentric GlobalPairCorr
  0.93WRHIX Ivy High IncomePairCorr
  0.9PNDIX Pender Real EstatePairCorr
  0.97IEYYX Ivy Energy FundPairCorr
  0.89LBAFX Legg Mason BwPairCorr
  0.96FHKAX Fidelity China RegionPairCorr
  1.0VFIAX Vanguard 500 IndexPairCorr
  0.95FOSFX Fidelity OverseasPairCorr
  1.0VFINX Vanguard 500 IndexPairCorr
  0.95HWLIX Hotchkis Wiley LargePairCorr
  0.94RITFX American High IncomePairCorr
  0.66MSUMX Managed Account SeriesPairCorr
  0.68PRWBX T Rowe PricePairCorr

Related Correlations Analysis

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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.