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 0.64 (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.
Gmo |
Moving together with Gmo Mutual Fund
0.91 | GEACX | Gmo Trust | PairCorr |
0.96 | GEMMX | Gmo Emerging Markets | PairCorr |
0.97 | GHVIX | Gmo High Yield | PairCorr |
0.91 | GMAWX | Gmo Small Cap | PairCorr |
0.98 | GMADX | Gmo Global Equity | PairCorr |
0.94 | GMAQX | Gmo Emerging Markets | PairCorr |
0.61 | GMDFX | Gmo Emerging Country | PairCorr |
0.61 | GMCDX | Gmo Emerging Ntry | PairCorr |
0.82 | GMCQX | Gmo Equity Allocation | PairCorr |
0.61 | GMOQX | Gmo Emerging Country | PairCorr |
0.91 | GMOWX | Gmo Resources | PairCorr |
0.9 | GMOYX | Gmo Trust | PairCorr |
0.99 | GMWRX | Gmo Global Asset | PairCorr |
0.81 | GOVIX | Gmo Resources | PairCorr |
0.76 | GPBFX | Gmo E Plus | PairCorr |
0.95 | GQESX | Gmo Quality Fund | PairCorr |
0.95 | GQLOX | Gmo Quality Fund | PairCorr |
0.88 | GAAGX | Gmo Alternative Allo | PairCorr |
0.91 | GAAHX | Gmo Resources | PairCorr |
0.89 | GAAKX | Gmo Alternative Allo | PairCorr |
0.89 | GAAVX | Gmo Alternative Allo | PairCorr |
0.9 | GCAVX | Gmo Small Cap | PairCorr |
0.98 | CIREX | Capital Income Builder | PairCorr |
0.98 | CIRAX | Capital Income Builder | PairCorr |
0.96 | CPAYX | Columbia Pacific/asia | PairCorr |
0.98 | CASAX | Columbia Pacificasia | PairCorr |
0.85 | CCCZX | Center St Brookfield | PairCorr |
0.88 | CASCX | Columbia Pacificasia | PairCorr |
0.9 | MGHRX | Morgan Stanley Insti | PairCorr |
0.9 | MSEQX | Growth Portfolio Class | PairCorr |
0.9 | MSHLX | Growth Portfolio Class | PairCorr |
Related Correlations Analysis
0.95 | 0.9 | 0.97 | 0.9 | 0.97 | 0.95 | GQESX | ||
0.95 | 0.85 | 0.98 | 0.89 | 0.94 | 0.93 | PAEIX | ||
0.9 | 0.85 | 0.84 | 0.69 | 0.9 | 0.87 | OPTCX | ||
0.97 | 0.98 | 0.84 | 0.94 | 0.95 | 0.94 | CNGLX | ||
0.9 | 0.89 | 0.69 | 0.94 | 0.88 | 0.83 | CIPMX | ||
0.97 | 0.94 | 0.9 | 0.95 | 0.88 | 0.95 | REMVX | ||
0.95 | 0.93 | 0.87 | 0.94 | 0.83 | 0.95 | AUERX | ||
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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 | 0.53 | 0.00 | (0.06) | 0.20 | 0.33 | 1.71 | 4.29 | |||
PAEIX | 0.56 | 0.02 | (0.07) | 0.24 | 0.45 | 1.25 | 3.24 | |||
OPTCX | 0.16 | 0.01 | (0.39) | 0.23 | 0.00 | 0.41 | 1.45 | |||
CNGLX | 0.54 | (0.02) | (0.08) | 0.18 | 0.45 | 1.56 | 4.00 | |||
CIPMX | 0.69 | (0.02) | (0.01) | 0.18 | 0.66 | 1.50 | 6.03 | |||
REMVX | 0.55 | 0.15 | 0.10 | 0.43 | 0.00 | 1.44 | 4.92 | |||
AUERX | 0.61 | 0.12 | 0.01 | 0.48 | 0.38 | 1.33 | 3.01 |