Gateway Fund Correlations
GTENX Fund | USD 47.63 0.01 0.02% |
The current 90-days correlation between Gateway Fund Class and Financial Industries Fund is -0.01 (i.e., Good 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
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.
Gateway |
Moving together with Gateway Mutual Fund
0.81 | MGGYX | Mirova Global Green | PairCorr |
0.94 | GATEX | Gateway Fund Class | PairCorr |
0.94 | GTECX | Gateway Fund Class | PairCorr |
0.99 | JHQCX | Jpmorgan Hedged Equity | PairCorr |
0.99 | JHEQX | Jpmorgan Hedged Equity | PairCorr |
0.94 | JHQAX | Jpmorgan Hedged Equity | PairCorr |
1.0 | GTEYX | Gateway Fund Class | PairCorr |
0.98 | JHDCX | Jpmorgan Hedged Equity | PairCorr |
0.98 | JHDRX | Jpmorgan Hedged Equity | PairCorr |
0.93 | JHDAX | Jpmorgan Hedged Equity | PairCorr |
0.96 | SMPIX | Semiconductor Ultrasector | PairCorr |
0.94 | SMPSX | Semiconductor Ultrasector | PairCorr |
0.69 | MLPNX | Oppenheimer Steelpath Mlp | PairCorr |
0.63 | MLPTX | Oppenheimer Steelpath Mlp | PairCorr |
0.92 | PNDIX | Pender Real Estate | PairCorr |
0.91 | IEYYX | Ivy Energy Fund | PairCorr |
1.0 | VFIAX | Vanguard 500 Index | PairCorr |
1.0 | VFINX | Vanguard 500 Index | PairCorr |
0.67 | PRWBX | T Rowe Price | PairCorr |
Moving against Gateway Mutual Fund
Related Correlations Analysis
0.94 | 0.97 | 0.97 | 0.94 | 0.93 | FIDAX | ||
0.94 | 0.91 | 0.9 | 0.94 | 0.88 | RMBLX | ||
0.97 | 0.91 | 0.96 | 0.88 | 0.87 | IAAEX | ||
0.97 | 0.9 | 0.96 | 0.93 | 0.92 | GCFSX | ||
0.94 | 0.94 | 0.88 | 0.93 | 0.97 | BTO | ||
0.93 | 0.88 | 0.87 | 0.92 | 0.97 | FNPIX | ||
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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.Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
---|---|---|---|---|---|---|---|---|---|---|
FIDAX | 1.07 | 0.11 | 0.02 | 3.57 | 2.05 | 1.92 | 10.83 | |||
RMBLX | 1.38 | 0.11 | 0.02 | 3.07 | 2.10 | 2.63 | 11.46 | |||
IAAEX | 1.02 | 0.06 | (0.01) | (0.39) | 1.53 | 1.98 | 10.59 | |||
GCFSX | 0.87 | 0.17 | 0.06 | 1.64 | 1.47 | 1.94 | 6.13 | |||
BTO | 1.33 | 0.03 | 0.01 | 0.10 | 2.30 | 2.34 | 12.33 | |||
FNPIX | 1.56 | (0.02) | 0.01 | 0.06 | 2.66 | 3.00 | 15.73 |