Gmo Implementation Correlations

GIMFX Fund

USD 14.30 0.04 0.28%

The current 90-days correlation between Gmo Implementation and L Abbett Growth is -0.3 (i.e., Very 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 Implementation Correlation With Market

Good diversification

The correlation between Gmo Implementation Fund and DJI is -0.19 (i.e., Good 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

0.98	RIRAX	Capital Income Builder	Pair Corr
0.98	RIREX	Capital Income Builder	Pair Corr
0.98	RIRCX	Capital Income Builder	Pair Corr
0.98	RIRFX	Capital Income Builder	Pair Corr
0.98	CIRCX	Capital Income Builder	Pair Corr
0.98	CIREX	Capital Income Builder	Pair Corr
0.98	RIRBX	Capital Income Builder	Pair Corr
0.98	CAIFX	Capital Income Builder	Pair Corr
0.98	CIRFX	Capital Income Builder	Pair Corr
0.89	CIRAX	Capital Income Builder	Pair Corr
0.74	PMPIX	Precious Metals Ultr Steady Growth	Pair Corr
0.73	PMPSX	Precious Metals Ultr Steady Growth	Pair Corr
0.69	FGPMX	Franklin Gold And Steady Growth	Pair Corr
0.63	FRGOX	Franklin Gold Precious Steady Growth	Pair Corr
0.64	FKRCX	Franklin Gold Precious Steady Growth	Pair Corr
0.87	MAUKX	Pioneer Multi Asset	Pair Corr
0.88	CVLOX	Calamos Global Growth	Pair Corr
0.62	CVX	Chevron Corp Earnings Call This Week	Pair Corr

Moving against Gmo Mutual Fund

0.56	MCD	McDonalds	Pair Corr
0.5	TRV	The Travelers Companies	Pair Corr
0.39	HPQ	HP Inc	Pair Corr

Related Correlations Analysis

	LGLSX	LANIX	BBHLX	MHEFX	EICVX	BOSVX	PAEIX
LGLSX		0.98	0.54	0.46	0.94	0.94	0.96	LGLSX
LANIX	0.98		0.51	0.41	0.97	0.94	0.98	LANIX
BBHLX	0.54	0.51		0.81	0.56	0.57	0.5	BBHLX
MHEFX	0.46	0.41	0.81		0.5	0.53	0.38	MHEFX
EICVX	0.94	0.97	0.56	0.5		0.94	0.96	EICVX
BOSVX	0.94	0.94	0.57	0.53	0.94		0.9	BOSVX
PAEIX	0.96	0.98	0.5	0.38	0.96	0.9		PAEIX
	LGLSX	LANIX	BBHLX	MHEFX	EICVX	BOSVX	PAEIX

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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
LGLSX	0.90	0.25	0.25	0.51	0.17	(1.08)	2.88	(1.41)	6.12
LANIX	0.52	0.28	0.01	(1.28)	0.18	(0.64)	1.63	(0.82)	4.08
BBHLX	0.51	0.17	(0.15)	(1.17)	0.32	(0.61)	1.40	(0.92)	3.37
MHEFX	0.41	0.12	(0.04)	0.57	0.00	(0.82)	0.93	(0.44)	5.99
EICVX	0.58	0.18	(0.10)	(1.77)	0.52	(0.63)	1.42	(1.23)	3.48
BOSVX	0.97	0.06	0.09	0.28	0.72	(1.19)	2.42	(1.45)	6.40
PAEIX	0.57	0.22	(0.03)	(3.64)	0.32	(0.67)	1.39	(1.10)	3.24

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