Gmo Benchmark-free Correlations

GBMSX Fund

USD 30.04 0.11 0.37%

The current 90-days correlation between Gmo Benchmark Free and Gmo Trust is -0.02 (i.e., Good diversification). The correlation of Gmo Benchmark-free 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 Benchmark-free Correlation With Market

Good diversification

The correlation between Gmo Benchmark Free Allocation and DJI is -0.04 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Gmo Benchmark Free Allocation 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 Benchmark Free Allocation. 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 main economic indicators.

Moving together with Gmo Mutual Fund

0.66	GUGAX	Gmo E Plus	Pair Corr
0.89	GEACX	Gmo Trust	Pair Corr
0.95	GEMEX	Gmo Emerging Markets	Pair Corr
0.71	GEMMX	Gmo Emerging Markets	Pair Corr
0.71	GEMNX	Gmo Emerging Markets	Pair Corr
0.97	IOVFX	Gmo International	Pair Corr
0.91	GHVIX	Gmo High Yield	Pair Corr
0.93	GIEAX	Gmo International Equity	Pair Corr
0.97	GIMFX	Gmo Implementation	Pair Corr
0.87	GIOTX	Gmo International	Pair Corr
0.97	GMAZX	Gmo International	Pair Corr
0.97	GMBCX	Gmo International	Pair Corr
0.92	GMADX	Gmo Global Equity	Pair Corr
0.66	GMAKX	Gmo Usonian Japan	Pair Corr
0.9	GMAUX	Gmo Emerging Markets	Pair Corr
0.92	GMDFX	Gmo Emerging Country	Pair Corr
0.92	GMCDX	Gmo Emerging Ntry	Pair Corr
0.82	GMCFX	Gmo International Equity	Pair Corr
0.89	GMCQX	Gmo Equity Allocation	Pair Corr
0.93	GMEMX	Gmo Emerging Markets	Pair Corr
0.95	GMGEX	Gmo Global Equity	Pair Corr
0.87	GMODX	Gmo Opportunistic Income	Pair Corr
0.93	GMOEX	Gmo Emerging Markets	Pair Corr
0.87	GMOHX	Gmo Opportunistic Income	Pair Corr
0.81	GMOIX	Gmo International Equity	Pair Corr
0.87	GMOLX	Gmo Opportunistic Income	Pair Corr
0.96	GMOOX	Gmo Global Asset	Pair Corr
0.8	PPADX	Gmo Trust	Pair Corr
0.73	PPAEX	Gmo Trust	Pair Corr
0.79	PPAJX	Gmo Opportunistic Value	Pair Corr
0.92	GMOQX	Gmo Emerging Country	Pair Corr
0.81	GMOUX	Gmo International Equity	Pair Corr

Related Correlations Analysis

	GUSOX	GMAYX	GMAZX	GMBCX	GMAHX	GMAKX	GMAUX	GMCDX	GMCFX
GUSOX		0.54	0.53	0.53	0.58	0.53	0.31	0.38	0.4	GUSOX
GMAYX	0.54		0.29	0.29	0.4	0.26	0.11	0.1	0.46	GMAYX
GMAZX	0.53	0.29		1.0	0.6	0.72	0.82	0.84	0.83	GMAZX
GMBCX	0.53	0.29	1.0		0.6	0.72	0.82	0.84	0.83	GMBCX
GMAHX	0.58	0.4	0.6	0.6		0.79	0.38	0.4	0.56	GMAHX
GMAKX	0.53	0.26	0.72	0.72	0.79		0.44	0.45	0.51	GMAKX
GMAUX	0.31	0.11	0.82	0.82	0.38	0.44		0.97	0.75	GMAUX
GMCDX	0.38	0.1	0.84	0.84	0.4	0.45	0.97		0.75	GMCDX
GMCFX	0.4	0.46	0.83	0.83	0.56	0.51	0.75	0.75		GMCFX
	GUSOX	GMAYX	GMAZX	GMBCX	GMAHX	GMAKX	GMAUX	GMCDX	GMCFX

Risk-Adjusted Indicators

There is a big difference between Gmo Mutual Fund performing well and Gmo Benchmark-free 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 Benchmark-free'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
GUSOX	0.52	0.06	(0.06)	(0.32)	0.54	(0.64)	1.21	(0.83)	4.18
GMAYX	0.74	0.00	(0.10)	0.04	0.81	(0.88)	2.03	(1.37)	5.07
GMAZX	0.47	0.09	0.02	7.73	0.45	(0.51)	0.98	(0.95)	3.28
GMBCX	0.47	0.09	0.02	4.73	0.48	(0.51)	0.99	(1.01)	3.27
GMAHX	0.69	0.09	(0.01)	(0.26)	0.94	(0.73)	1.60	(1.45)	5.35
GMAKX	0.68	0.06	(0.03)	(0.59)	0.93	(0.72)	1.60	(1.45)	5.27
GMAUX	0.55	0.14	0.06	(1.18)	0.65	(0.59)	1.20	(0.82)	4.44
GMCDX	0.23	0.10	0.08	(3.57)	0.00	(0.31)	0.59	(0.31)	1.40
GMCFX	0.56	0.09	0.00	(0.86)	0.65	(0.59)	1.17	(1.23)	3.53

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

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC

Gmo Benchmark-free Correlations

Gmo Benchmark-free Correlation With Market

Good diversification

Moving together with Gmo Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY