Gateway Fund Correlations

GATEX Fund

USD 45.39 0.16 0.35%

The current 90-days correlation between Gateway Fund Class and Saat Servative Strategy is -0.17 (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

Good diversification

The correlation between Gateway Fund Class and DJI is -0.08 (i.e., Good 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 income.

Moving together with Gateway Mutual Fund

0.74	AMFAX	Asg Managed Futures	Pair Corr
0.8	AMFNX	Asg Managed Futures	Pair Corr
0.99	GCPAX	Gateway Equity Call	Pair Corr
0.99	GCPCX	Gateway Equity Call	Pair Corr
0.99	GCPYX	Gateway Equity Call	Pair Corr
0.99	LGMAX	Loomis Sayles Global	Pair Corr
0.89	LGMCX	Loomis Sayles Global	Pair Corr
0.99	LGMNX	Loomis Sayles Global	Pair Corr
0.9	LGRCX	Loomis Sayles Growth	Pair Corr
0.9	LGRRX	Loomis Sayles Growth	Pair Corr
0.98	VNSAX	Vaughan Nelson Select	Pair Corr
0.98	VNSNX	Vaughan Nelson Select	Pair Corr
0.96	LIGYX	Loomis Sayles Intern	Pair Corr
0.72	NRCFX	Aew Real Estate	Pair Corr
0.82	NSFLX	Natixis Sustainable	Pair Corr
0.94	NSFKX	Natixis Sustainable	Pair Corr
0.83	NSFDX	Natixis Sustainable	Pair Corr
0.79	NSFBX	Natixis Sustainable	Pair Corr
0.72	NSFGX	Natixis Sustainable	Pair Corr
0.82	NSFFX	Natixis Sustainable	Pair Corr
0.87	NSFEX	Natixis Sustainable	Pair Corr
0.8	ASFYX	Asg Managed Futures	Pair Corr
0.85	NEHCX	Loomis Sayles High	Pair Corr
0.99	LSGRX	Loomis Sayles Growth	Pair Corr
0.99	LSWWX	Loomis Sayles Global	Pair Corr
0.86	GAFAX	Asg Global Alternatives	Pair Corr

Moving against Gateway Mutual Fund

0.8	LGANX	Loomis Sayles Limited	Pair Corr
0.84	NELYX	Loomis Sayles Limited	Pair Corr
0.35	NERNX	Loomis Sayles E	Pair Corr

Related Correlations Analysis

	SMGAX	CDBCX	FARIX	SPBAX	JAIUX	GCAYX
SMGAX		0.23	-0.14	0.96	0.94	0.97	SMGAX
CDBCX	0.23		-0.35	0.07	0.45	0.17	CDBCX
FARIX	-0.14	-0.35		-0.01	-0.23	0.0	FARIX
SPBAX	0.96	0.07	-0.01		0.91	0.98	SPBAX
JAIUX	0.94	0.45	-0.23	0.91		0.93	JAIUX
GCAYX	0.97	0.17	0.0	0.98	0.93		GCAYX
	SMGAX	CDBCX	FARIX	SPBAX	JAIUX	GCAYX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

GCAYX	+ 0.98	SPBAX
GCAYX	+ 0.97	SMGAX
SPBAX	+ 0.96	SMGAX
JAIUX	+ 0.94	SMGAX
GCAYX	+ 0.93	JAIUX
JAIUX	+ 0.91	SPBAX

High negative correlations

FARIX	- 0.35	CDBCX
JAIUX	- 0.23	FARIX
FARIX	- 0.14	SMGAX
SPBAX	- 0.01	FARIX
GCAYX	- 0.0	FARIX

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
SMGAX	0.46	0.04	0.14	(0.01)	0.73	(0.45)	0.78	(1.02)	3.74
CDBCX	0.29	0.01	0.29	0.88	0.35	(0.31)	0.55	(0.55)	1.97
FARIX	0.33	0.03	0.26	0.55	0.42	(0.37)	0.63	(0.63)	2.88
SPBAX	0.51	0.04	0.00	(0.03)	0.00	0.00	0.81	(1.13)	4.73
JAIUX	0.33	0.01	0.00	(0.05)	0.00	0.00	0.72	(0.83)	2.92
GCAYX	0.29	0.03	0.22	(0.01)	0.45	(0.29)	0.54	(0.64)	2.68

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