Gurtin California Correlations

GCMVX Fund

USD 9.88 0.01 0.10%

The current 90-days correlation between Gurtin California Muni and Pnc International Growth is -0.18 (i.e., Good diversification). The correlation of Gurtin California 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.

Gurtin California Correlation With Market

Very good diversification

The correlation between Gurtin California Muni and DJI is -0.25 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Gurtin California Muni 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 Gurtin California Muni. 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 real.

Moving together with Gurtin Mutual Fund

0.99	VCAIX	Vanguard California	Pair Corr
0.99	VCADX	Vanguard California	Pair Corr
0.96	MKCMX	Blackrock California	Pair Corr
0.87	MACMX	Brf Clf Mpl	Pair Corr
0.87	MDCMX	Brf Clf Mplop	Pair Corr
0.87	MECMX	Brf Clf Mpl	Pair Corr
0.87	MFCMX	Brf Clf Mpl	Pair Corr
0.97	BCIAX	California Intermediate-ter	Pair Corr
0.89	BCIYX	California Intermediate-ter	Pair Corr
0.98	BCITX	California Intermediate-ter	Pair Corr

Moving against Gurtin Mutual Fund

0.63	BGEIX	Global Gold Fund	Pair Corr
0.63	AGGWX	Global Gold Fund	Pair Corr
0.62	USAGX	Precious Metals And	Pair Corr
0.59	OCMAX	Ocm Mutual Fund	Pair Corr
0.5	FGPMX	Franklin Gold And	Pair Corr
0.42	UGSDX	Us Government Securities	Pair Corr

Related Correlations Analysis

	PIGDX	WPASX	TEGAX	EIPIX	MSSGX	LMLRX
PIGDX		0.56	0.61	0.8	0.56	0.81	PIGDX
WPASX	0.56		0.9	0.62	0.84	0.87	WPASX
TEGAX	0.61	0.9		0.61	0.98	0.89	TEGAX
EIPIX	0.8	0.62	0.61		0.57	0.81	EIPIX
MSSGX	0.56	0.84	0.98	0.57		0.82	MSSGX
LMLRX	0.81	0.87	0.89	0.81	0.82		LMLRX
	PIGDX	WPASX	TEGAX	EIPIX	MSSGX	LMLRX

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Risk-Adjusted Indicators

There is a big difference between Gurtin Mutual Fund performing well and Gurtin California 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 Gurtin California'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
PIGDX	1.15	0.17	0.11	0.06	1.74	(1.14)	2.31	(2.10)	9.93
WPASX	1.09	(0.13)	0.00	0.79	0.00	0.00	2.10	(2.42)	11.63
TEGAX	1.93	0.04	0.00	(0.12)	0.00	0.00	3.04	(4.32)	15.02
EIPIX	1.01	0.07	0.00	(0.05)	0.00	0.00	2.11	(2.52)	9.13
MSSGX	2.13	0.09	0.00	(0.09)	0.00	0.00	4.23	(3.97)	15.77
LMLRX	0.49	0.03	0.00	(0.09)	0.00	0.00	0.78	(1.13)	4.38

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