Gmo Implementation Correlations

Mutual Funds USA . 
Fund . Gmo Implementation Fund
GIMFX Fund  USD 14.30  0.04  0.28%   
The current 90-days correlation between Gmo Implementation and Gmo Quality Fund is 0.64 (i.e., Poor 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 Implementation Correlation With Market

Very weak diversification

The correlation between Gmo Implementation Fund and DJI is 0.58 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Gmo Implementation Fund 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. 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 census.

Moving together with Gmo Mutual Fund

  0.91GEACX Gmo TrustPairCorr
  0.96GEMMX Gmo Emerging MarketsPairCorr
  0.97GHVIX Gmo High YieldPairCorr
  0.91GMAWX Gmo Small CapPairCorr
  0.98GMADX Gmo Global EquityPairCorr
  0.94GMAQX Gmo Emerging MarketsPairCorr
  0.61GMDFX Gmo Emerging CountryPairCorr
  0.61GMCDX Gmo Emerging NtryPairCorr
  0.82GMCQX Gmo Equity AllocationPairCorr
  0.61GMOQX Gmo Emerging CountryPairCorr
  0.91GMOWX Gmo ResourcesPairCorr
  0.9GMOYX Gmo TrustPairCorr
  0.99GMWRX Gmo Global AssetPairCorr
  0.81GOVIX Gmo ResourcesPairCorr
  0.76GPBFX Gmo E PlusPairCorr
  0.95GQESX Gmo Quality FundPairCorr
  0.95GQLOX Gmo Quality FundPairCorr
  0.88GAAGX Gmo Alternative AlloPairCorr
  0.91GAAHX Gmo ResourcesPairCorr
  0.89GAAKX Gmo Alternative AlloPairCorr
  0.89GAAVX Gmo Alternative AlloPairCorr
  0.9GCAVX Gmo Small CapPairCorr
  0.98CIREX Capital Income BuilderPairCorr
  0.98CIRAX Capital Income BuilderPairCorr
  0.96CPAYX Columbia Pacific/asiaPairCorr
  0.98CASAX Columbia PacificasiaPairCorr
  0.85CCCZX Center St BrookfieldPairCorr
  0.88CASCX Columbia PacificasiaPairCorr
  0.9MGHRX Morgan Stanley InstiPairCorr
  0.9MSEQX Growth Portfolio ClassPairCorr
  0.9MSHLX Growth Portfolio ClassPairCorr

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.

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