Gmo Emerging Correlations

Mutual Funds . USA . 
Fund . Gmo Emerging Markets
GEMMX Fund  USD 29.51  0.18  0.61%   
The current 90-days correlation between Gmo Emerging Markets and Qs Defensive Growth is 0.13 (i.e., Average diversification). The correlation of Gmo Emerging 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 Emerging Correlation With Market

Significant diversification

The correlation between Gmo Emerging Markets and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Gmo Emerging Markets 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 Emerging Markets. 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 industry.

Moving together with Gmo Mutual Fund

  0.93GUGAX Gmo E PlusPairCorr
  0.87GUSOX Gmo TrustPairCorr
  0.87GUSTX Gmo TreasuryPairCorr
  0.87GEACX Gmo TrustPairCorr
  1.0GEMEX Gmo Emerging MarketsPairCorr
  1.0GEMNX Gmo Emerging MarketsPairCorr
  0.95GWOAX Gmo Global DevelopedPairCorr
  0.92IOVFX Gmo InternationalPairCorr
  0.86GHVIX Gmo High YieldPairCorr
  0.83GIEAX Gmo International EquityPairCorr
  0.84GIMFX Gmo ImplementationPairCorr
  0.78GIOTX Gmo InternationalPairCorr
  0.92GMAZX Gmo InternationalPairCorr
  0.92GMBCX Gmo InternationalPairCorr
  0.85GMADX Gmo Global EquityPairCorr
  0.89GMAHX Gmo Usonian JapanPairCorr
  0.89GMAKX Gmo Usonian JapanPairCorr
  0.89GMAQX Gmo Emerging MarketsPairCorr
  0.96GMAUX Gmo Emerging MarketsPairCorr
  0.96GMDFX Gmo Emerging CountryPairCorr
  0.96GMCDX Gmo Emerging NtryPairCorr
  0.75GMCFX Gmo International EquityPairCorr
  0.96GMCQX Gmo Equity AllocationPairCorr
  0.85GMGEX Gmo Global EquityPairCorr
  0.81GMIIX Gmo Usonian JapanPairCorr
  0.93GMODX Gmo Opportunistic IncomePairCorr
  0.8GMOHX Gmo Opportunistic IncomePairCorr
  0.75GMOIX Gmo International EquityPairCorr
  0.79PPADX Gmo TrustPairCorr
  0.79PPAEX Gmo TrustPairCorr
  0.79PPAJX Gmo Opportunistic ValuePairCorr
  0.96GMOQX Gmo Emerging CountryPairCorr
  0.75GMOUX Gmo International EquityPairCorr
  0.77GMOWX Gmo ResourcesPairCorr
  0.86GMOZX Gmo High YieldPairCorr
  0.84GMUEX Gmo Equity AllocationPairCorr
  0.96GMWAX Gmo Global AssetPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Gmo Mutual Fund performing well and Gmo Emerging 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 Emerging'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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