Gateway Fund Correlations

GATEX Fund

USD 50.35 0.31 0.61%

The current 90-days correlation between Gateway Fund Class and Putnam Convertible Securities is -0.11 (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

Significant diversification

The correlation between Gateway Fund Class and DJI is 0.03 (i.e., Significant 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 services.

Moving together with Gateway Mutual Fund

0.64	NOIAX	Natixis Oakmark Inte	Pair Corr
0.98	GCPAX	Gateway Equity Call	Pair Corr
0.89	GCPCX	Gateway Equity Call	Pair Corr
0.89	GCPNX	Gateway Equity Call	Pair Corr
0.89	GCPYX	Gateway Equity Call	Pair Corr
0.68	LGANX	Loomis Sayles Limited	Pair Corr
0.63	VNVCX	Vaughan Nelson Value	Pair Corr
0.65	VNVAX	Vaughan Nelson Value	Pair Corr
0.65	VNVYX	Vaughan Nelson Value	Pair Corr
0.65	VSCNX	Vaughan Nelson Small	Pair Corr
0.62	ESGYX	Mirova Global Sustainable	Pair Corr
0.61	ESGMX	Mirova Global Sustainable	Pair Corr
0.81	NEFJX	Vaughan Nelson Small	Pair Corr
0.64	NEJCX	Vaughan Nelson Small	Pair Corr
0.72	NEJYX	Vaughan Nelson Small	Pair Corr

Moving against Gateway Mutual Fund

0.39	LIGCX	Loomis Sayles Intern	Pair Corr
0.37	LIGYX	Loomis Sayles Intern	Pair Corr
0.31	LIGNX	Loomis Sayles Intern	Pair Corr
0.38	LSNGX	Loomis Sayles Global	Pair Corr

Related Correlations Analysis

	PCNTX	NCIDX	XNCVX	CCD	LCFYX
PCNTX		0.73	0.92	0.74	0.6	PCNTX
NCIDX	0.73		0.81	0.87	0.92	NCIDX
XNCVX	0.92	0.81		0.81	0.75	XNCVX
CCD	0.74	0.87	0.81		0.82	CCD
LCFYX	0.6	0.92	0.75	0.82		LCFYX
	PCNTX	NCIDX	XNCVX	CCD	LCFYX

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
PCNTX	0.69	(0.02)	0.00	(0.08)	0.00	0.00	1.20	(1.61)	4.49
NCIDX	0.78	(0.05)	(0.06)	0.00	1.07	(0.72)	1.09	(1.76)	4.78
XNCVX	0.74	0.00	(0.05)	0.04	1.00	(0.78)	1.20	(1.74)	5.47
CCD	0.92	(0.01)	0.00	0.05	1.12	(0.95)	1.90	(2.11)	4.70
LCFYX	0.78	0.01	0.00	0.07	0.96	(0.85)	1.41	(1.77)	4.63

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