Gmo Trust Correlations

Mutual Funds . USA . 
Fund . Gmo Trust
GUSOX Fund   20.42  0.07  0.34%   
The current 90-days correlation between Gmo Trust and Bbh Intermediate Municipal is 0.05 (i.e., Significant diversification). The correlation of Gmo Trust 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 Trust Correlation With Market

Very poor diversification

The correlation between Gmo Trust and DJI is 0.87 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Gmo Trust 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 Trust . 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 Gmo Mutual Fund

  0.7GUGAX Gmo E PlusPairCorr
  0.88GUSTX Gmo TreasuryPairCorr
  0.95GEACX Gmo TrustPairCorr
  0.96GEMEX Gmo Emerging MarketsPairCorr
  0.96GEMMX Gmo Emerging MarketsPairCorr
  0.96GEMNX Gmo Emerging MarketsPairCorr
  0.98GWOAX Gmo Global DevelopedPairCorr
  0.94IOVFX Gmo InternationalPairCorr
  0.97GHVIX Gmo High YieldPairCorr
  0.94GIEAX Gmo International EquityPairCorr
  0.97GIMFX Gmo ImplementationPairCorr
  0.92GIOTX Gmo InternationalPairCorr
  0.97GMAWX Gmo Small CapPairCorr
  0.98GMAYX Gmo Small CapPairCorr
  0.94GMAZX Gmo InternationalPairCorr
  0.94GMBCX Gmo InternationalPairCorr
  0.98GMADX Gmo Global EquityPairCorr
  0.9GMAHX Gmo Usonian JapanPairCorr
  0.9GMAKX Gmo Usonian JapanPairCorr
  0.96GMAQX Gmo Emerging MarketsPairCorr
  0.96GMAUX Gmo Emerging MarketsPairCorr
  0.97GMDFX Gmo Emerging CountryPairCorr
  0.97GMCDX Gmo Emerging NtryPairCorr
  0.91GMCFX Gmo International EquityPairCorr
  0.98GMCQX Gmo Equity AllocationPairCorr
  0.96GMEMX Gmo Emerging MarketsPairCorr
  0.98GMGEX Gmo Global EquityPairCorr
  0.9GMIIX Gmo Usonian JapanPairCorr
  0.85GMODX Gmo Opportunistic IncomePairCorr
  0.96GMOEX Gmo Emerging MarketsPairCorr
  0.86GMOHX Gmo Opportunistic IncomePairCorr
  0.91GMOIX Gmo International EquityPairCorr
  0.85GMOLX Gmo Opportunistic IncomePairCorr
  0.98GMOOX Gmo Global AssetPairCorr
  1.0PPADX Gmo TrustPairCorr
  1.0PPAEX Gmo TrustPairCorr
  1.0PPAJX Gmo Opportunistic ValuePairCorr

Moving against Gmo Mutual Fund

  0.57GMAEX Gmo Quality CyclicalsPairCorr
  0.57GMAOX Gmo TrustPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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