Gmo Trust Correlations

Mutual Funds USA . 
Fund . Gmo Trust
PPADX Fund   20.46  0.07  0.34%   
The current 90-days correlation between Gmo Trust and Ab High Income is 0.54 (i.e., Very weak 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

Good diversification

The correlation between Gmo Trust and DJI is -0.15 (i.e., Good 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 Your Equity Center 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 unemployment.

Moving together with Gmo Mutual Fund

  1.0GUSOX Gmo TrustPairCorr
  0.88GUSTX Gmo TreasuryPairCorr
  0.94GEACX Gmo TrustPairCorr
  0.95GEMMX Gmo Emerging MarketsPairCorr
  0.98GWOAX Gmo Global DevelopedPairCorr
  0.94IOVFX Gmo InternationalPairCorr
  0.97GHVIX Gmo High YieldPairCorr
  0.62GIEAX Gmo International EquityPairCorr
  0.97GIMFX Gmo ImplementationPairCorr
  0.62GIOTX Gmo InternationalPairCorr
  0.94GMAWX Gmo Small CapPairCorr
  0.65GMBCX Gmo InternationalPairCorr
  0.96GMADX Gmo Global EquityPairCorr
  0.61GMAHX Gmo Usonian JapanPairCorr
  0.61GMAKX Gmo Usonian JapanPairCorr
  0.96GMAQX Gmo Emerging MarketsPairCorr
  0.96GMAUX Gmo Emerging MarketsPairCorr
  0.98GMCQX Gmo Equity AllocationPairCorr
  0.96GMEMX Gmo Emerging MarketsPairCorr
  0.9GMIIX Gmo Usonian JapanPairCorr
  0.86GMOHX Gmo Opportunistic IncomePairCorr
  0.85GMOLX Gmo Opportunistic IncomePairCorr
  1.0PPAEX Gmo TrustPairCorr
  1.0PPAJX Gmo Opportunistic ValuePairCorr
  0.96GMOQX Gmo Emerging CountryPairCorr

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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