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 L Abbett Growth is 0.32 (i.e., Weak 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

Poor diversification

The correlation between Gmo Implementation Fund and DJI is 0.67 (i.e., Poor 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, which includes a position in Gmo Implementation Fund. 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

  0.77GUGAX Gmo E PlusPairCorr
  0.93GUSTX Gmo TreasuryPairCorr
  0.93GEACX Gmo TrustPairCorr
  0.97GEMMX Gmo Emerging MarketsPairCorr
  0.97GEMNX Gmo Emerging MarketsPairCorr
  0.96GWOAX Gmo Global DevelopedPairCorr
  0.98IOVFX Gmo InternationalPairCorr
  0.97GHVIX Gmo High YieldPairCorr
  0.92GMAWX Gmo Small CapPairCorr
  0.98GMADX Gmo Global EquityPairCorr
  0.95GMAQX Gmo Emerging MarketsPairCorr
  0.97GMDFX Gmo Emerging CountryPairCorr
  0.97GMCDX Gmo Emerging NtryPairCorr
  0.94GMCFX Gmo International EquityPairCorr
  0.97GMCQX Gmo Equity AllocationPairCorr
  0.97GMOQX Gmo Emerging CountryPairCorr
  0.91GMOWX Gmo ResourcesPairCorr
  0.92GMOYX Gmo TrustPairCorr
  0.99GMWRX Gmo Global AssetPairCorr
  0.91GOFIX Gmo ResourcesPairCorr
  0.93GOVIX Gmo ResourcesPairCorr
  0.77GPBFX Gmo E PlusPairCorr
  0.96GQESX Gmo Quality FundPairCorr
  0.96GQLIX Gmo Quality FundPairCorr
  0.96GQLOX Gmo Quality FundPairCorr
  0.82GAAGX Gmo Alternative AlloPairCorr
  0.93GAAHX Gmo ResourcesPairCorr
  0.86GAAKX Gmo Alternative AlloPairCorr
  0.86GAAVX Gmo Alternative AlloPairCorr
  0.92GSBGX Gmo Small CapPairCorr
  1.0GBFFX Gmo Benchmark FreePairCorr
  1.0GBMBX Gmo Benchmark FreePairCorr
  1.0GBMFX Gmo Benchmark FreePairCorr
  0.98GBMIX Gmo Benchmark FreePairCorr
  0.94GCCAX Gmo Climate ChangePairCorr
  0.92GCCHX Gmo Climate ChangePairCorr
  0.94GCCLX Gmo Climate ChangePairCorr
  0.91GCAVX Gmo Small CapPairCorr

Related Correlations Analysis

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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.

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