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 Global Diversified Income is 0.04 (i.e., Significant 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
  0.95GUSOX Gmo TrustPairCorr
  0.93GUSTX Gmo TreasuryPairCorr
  0.93GEACX Gmo Trust Steady GrowthPairCorr
  0.97GEMEX Gmo Emerging MarketsPairCorr
  0.97GEMMX Gmo Emerging MarketsPairCorr
  0.97GEMNX Gmo Emerging MarketsPairCorr
  0.96GWOAX Gmo Global DevelopedPairCorr
  0.98IOVFX Gmo International Steady GrowthPairCorr
  0.97GHVIX Gmo High YieldPairCorr
  0.98GIEAX Gmo International EquityPairCorr
  0.94GIOTX Gmo InternationalPairCorr
  0.92GMAWX Gmo Small CapPairCorr
  0.93GMAYX Gmo Small CapPairCorr
  0.95GMAZX Gmo InternationalPairCorr
  0.98GMBCX Gmo InternationalPairCorr
  0.98GMADX Gmo Global EquityPairCorr
  0.91GMAHX Gmo Usonian JapanPairCorr
  0.94GMAKX Gmo Usonian JapanPairCorr
  0.95GMAQX Gmo Emerging MarketsPairCorr
  0.94GMAUX Gmo Emerging MarketsPairCorr
  0.97GMDFX Gmo Emerging CountryPairCorr
  0.97GMCDX Gmo Emerging NtryPairCorr
  0.94GMCFX Gmo International EquityPairCorr
  0.97GMCQX Gmo Equity AllocationPairCorr
  0.97GMEMX Gmo Emerging MarketsPairCorr
  0.98GMGEX Gmo Global EquityPairCorr
  0.91GMIIX Gmo Usonian JapanPairCorr
  0.93GMODX Gmo Opportunistic IncomePairCorr
  0.96GMOEX Gmo Emerging MarketsPairCorr
  0.93GMOHX Gmo Opportunistic IncomePairCorr
  0.94GMOIX Gmo International EquityPairCorr
  0.93GMOLX Gmo Opportunistic IncomePairCorr
  0.97GMOOX Gmo Global AssetPairCorr
  0.95PPADX Gmo TrustPairCorr
  0.95PPAEX Gmo TrustPairCorr
  0.95PPAJX Gmo Opportunistic ValuePairCorr

Moving against Gmo Mutual Fund

  0.43GMAOX Gmo TrustPairCorr
  0.37GMAEX Gmo Quality CyclicalsPairCorr

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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