Gmo E Correlations

Mutual Funds . USA . 
Fund . Gmo E Plus
GUGAX Fund  USD 17.25  0.03  0.17%   
The current 90-days correlation between Gmo E Plus and Multi Asset Growth Strategy is 0.43 (i.e., Very weak diversification). The correlation of Gmo E 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 E Correlation With Market

Modest diversification

The correlation between Gmo E Plus and DJI is 0.26 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Gmo E Plus 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 E Plus. 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 nation.

Moving together with Gmo Mutual Fund

  0.7GUSOX Gmo TrustPairCorr
  0.77GUSTX Gmo TreasuryPairCorr
  0.66GEMMX Gmo Emerging MarketsPairCorr
  0.66GEMNX Gmo Emerging MarketsPairCorr
  0.68GWOAX Gmo Global DevelopedPairCorr
  0.73GHVIX Gmo High YieldPairCorr
  0.76GIMFX Gmo ImplementationPairCorr
  0.67GMADX Gmo Global EquityPairCorr
  0.67GMAQX Gmo Emerging MarketsPairCorr
  0.67GMAUX Gmo Emerging MarketsPairCorr
  0.76GMDFX Gmo Emerging CountryPairCorr
  0.76GMCDX Gmo Emerging NtryPairCorr
  0.67GMCQX Gmo Equity AllocationPairCorr
  0.66GMEMX Gmo Emerging MarketsPairCorr
  0.68GMIIX Gmo Usonian JapanPairCorr
  0.69GMODX Gmo Opportunistic IncomePairCorr
  0.89GMOHX Gmo Opportunistic IncomePairCorr
  0.9GMOLX Gmo Opportunistic IncomePairCorr
  0.68PPADX Gmo TrustPairCorr
  0.7PPAEX Gmo TrustPairCorr
  0.67PPAJX Gmo Opportunistic ValuePairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
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