Gateway Fund Correlations

Mutual Funds . USA . 
Fund . Gateway Fund Class
GTEYX Fund  USD 47.96  0.01  0.02%   
The current 90-days correlation between Gateway Fund Class and Eagle Growth Income is 0.88 (i.e., Very poor 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

Very poor diversification

The correlation between Gateway Fund Class and DJI is 0.88 (i.e., Very poor 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 manufacturing.

Moving together with Gateway Mutual Fund

  0.98NOANX Natixis OakmarkPairCorr
  0.97NOIAX Natixis Oakmark IntePairCorr
  0.97NOICX Natixis Oakmark IntePairCorr
  1.0GCPAX Gateway Equity CallPairCorr
  1.0GCPCX Gateway Equity CallPairCorr
  1.0GCPNX Gateway Equity CallPairCorr
  0.97NOIYX Natixis Oakmark IntlPairCorr
  1.0GCPYX Gateway Equity CallPairCorr
  0.75LGANX Loomis Sayles LimitedPairCorr
  0.8LGBCX Loomis Sayles InvestmentPairCorr
  0.83LGBNX Loomis Sayles InvestmentPairCorr
  0.99LGMAX Loomis Sayles GlobalPairCorr
  0.99LGMCX Loomis Sayles GlobalPairCorr
  0.99LGMNX Loomis Sayles GlobalPairCorr
  1.0LGRCX Loomis Sayles GrowthPairCorr
  1.0LGRNX Loomis Sayles GrowthPairCorr
  1.0LGRRX Loomis Sayles GrowthPairCorr
  0.99VNSYX Vaughan Nelson SelectPairCorr
  1.0VNSCX Vaughan Nelson SelectPairCorr
  0.99VNSAX Vaughan Nelson SelectPairCorr
  0.99VNSNX Vaughan Nelson SelectPairCorr
  0.98VNVCX Vaughan Nelson ValuePairCorr
  0.98VNVAX Vaughan Nelson ValuePairCorr
  0.98VNVNX Vaughan Nelson ValuePairCorr
  0.98VNVYX Vaughan Nelson ValuePairCorr
  0.93LIGCX Loomis Sayles InternPairCorr
  0.81LIGAX Loomis Sayles InvestmentPairCorr
  0.94LIGGX Loomis Sayles InternPairCorr
  0.94LIGNX Loomis Sayles InternPairCorr
  0.82LIGRX Loomis Sayles InvestmentPairCorr
  0.94LIGYX Loomis Sayles InternPairCorr
  0.83NRCFX Aew Real EstatePairCorr
  0.84NRFAX Aew Real EstatePairCorr
  0.84NRFNX Aew Real EstatePairCorr
  0.84NRFYX Aew Real EstatePairCorr
  0.99NSFLX Natixis SustainablePairCorr
  0.99NSFKX Natixis SustainablePairCorr
  0.99NSFJX Natixis SustainablePairCorr

Moving against Gateway Mutual Fund

  0.49AMFAX Asg Managed FuturesPairCorr
  0.46AMFNX Asg Managed FuturesPairCorr

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.

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