Gmo Implementation Correlations
GIMFX Fund | USD 14.30 0.04 0.28% |
The current 90-days correlation between Gmo Implementation and Gmo Quality Fund is -0.01 (i.e., Good diversification). The correlation of Gmo Implementation 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 |
Moving together with Gmo Mutual Fund
0.73 | GUGAX | Gmo E Plus | PairCorr |
0.93 | GUSTX | Gmo Treasury | PairCorr |
0.92 | GEACX | Gmo Trust | PairCorr |
0.96 | GEMMX | Gmo Emerging Markets | PairCorr |
0.96 | GEMNX | Gmo Emerging Markets | PairCorr |
0.98 | GWOAX | Gmo Global Developed | PairCorr |
0.98 | IOVFX | Gmo International | PairCorr |
0.98 | GHVIX | Gmo High Yield | PairCorr |
0.91 | GMAWX | Gmo Small Cap | PairCorr |
0.98 | GMADX | Gmo Global Equity | PairCorr |
0.96 | GMAQX | Gmo Emerging Markets | PairCorr |
0.98 | GMDFX | Gmo Emerging Country | PairCorr |
0.98 | GMCDX | Gmo Emerging Ntry | PairCorr |
0.96 | GMCFX | Gmo International Equity | PairCorr |
0.96 | GMCQX | Gmo Equity Allocation | PairCorr |
0.98 | GMOQX | Gmo Emerging Country | PairCorr |
0.93 | GMOWX | Gmo Resources | PairCorr |
0.91 | GMOYX | Gmo Trust | PairCorr |
0.99 | GMWRX | Gmo Global Asset | PairCorr |
0.93 | GOFIX | Gmo Resources | PairCorr |
0.92 | GOVIX | Gmo Resources | PairCorr |
0.77 | GPBFX | Gmo E Plus | PairCorr |
0.95 | GQESX | Gmo Quality Fund | PairCorr |
0.95 | GQLIX | Gmo Quality Fund | PairCorr |
0.95 | GQLOX | Gmo Quality Fund | PairCorr |
0.86 | GAAGX | Gmo Alternative Allo | PairCorr |
0.92 | GAAHX | Gmo Resources | PairCorr |
0.83 | GAAKX | Gmo Alternative Allo | PairCorr |
0.86 | GAAVX | Gmo Alternative Allo | PairCorr |
0.91 | GSBGX | Gmo Small Cap | PairCorr |
0.98 | GBFFX | Gmo Benchmark Free | PairCorr |
1.0 | GBMBX | Gmo Benchmark Free | PairCorr |
1.0 | GBMFX | Gmo Benchmark Free | PairCorr |
0.98 | GBMIX | Gmo Benchmark Free | PairCorr |
0.93 | GCCAX | Gmo Climate Change | PairCorr |
0.94 | GCCHX | Gmo Climate Change | PairCorr |
0.93 | GCCLX | Gmo Climate Change | PairCorr |
0.92 | GCAVX | Gmo Small Cap | PairCorr |
Related Correlations Analysis
Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between Gmo Mutual Fund performing well and Gmo Implementation 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 Implementation'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 | ||
---|---|---|---|---|---|---|---|---|---|---|
GQESX | 0.54 | 0.03 | 0.01 | 0.24 | 0.23 | 1.73 | 4.29 | |||
PAEIX | 0.56 | 0.05 | (0.02) | 0.28 | 0.40 | 1.39 | 3.24 | |||
OPTCX | 0.15 | 0.00 | (0.40) | 0.22 | 0.00 | 0.41 | 1.45 | |||
CNGLX | 0.57 | 0.23 | 0.00 | (1.44) | 0.32 | 1.70 | 4.00 | |||
CIPMX | 0.71 | 0.02 | 0.05 | 0.22 | 0.55 | 1.85 | 6.03 | |||
REMVX | 0.57 | 0.33 | 0.19 | (11.26) | 0.00 | 1.76 | 4.92 | |||
AUERX | 0.61 | 0.13 | 0.03 | 0.46 | 0.34 | 1.44 | 3.03 |