Gmo International Correlations

Mutual Funds . USA . 
Fund . Gmo International Developed
GIOTX Fund  USD 20.65  0.28  1.34%   
The current 90-days correlation between Gmo International and Gmo Emerging Ntry is 0.16 (i.e., Average diversification). The correlation of Gmo International 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 International Correlation With Market

Average diversification

The correlation between Gmo International Developed and DJI is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Gmo International Developed 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 International Developed. 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 estimate.

Moving together with Gmo Mutual Fund

  0.72GUSOX Gmo TrustPairCorr
  0.63GUSTX Gmo TreasuryPairCorr
  0.7GEACX Gmo TrustPairCorr
  0.94GEMEX Gmo Emerging MarketsPairCorr
  0.94GEMMX Gmo Emerging MarketsPairCorr
  0.84GEMNX Gmo Emerging MarketsPairCorr
  0.96GWOAX Gmo Global DevelopedPairCorr
  0.98IOVFX Gmo InternationalPairCorr
  0.86GHVIX Gmo High YieldPairCorr
  0.99GIEAX Gmo International EquityPairCorr
  0.96GIMFX Gmo ImplementationPairCorr
  0.79GMAWX Gmo Small CapPairCorr
  0.87GMAYX Gmo Small CapPairCorr
  0.99GMAZX Gmo InternationalPairCorr
  0.98GMBCX Gmo InternationalPairCorr
  0.87GMADX Gmo Global EquityPairCorr
  0.99GMAHX Gmo Usonian JapanPairCorr
  0.99GMAKX Gmo Usonian JapanPairCorr
  0.85GMAQX Gmo Emerging MarketsPairCorr
  0.96GMAUX Gmo Emerging MarketsPairCorr
  0.83GMDFX Gmo Emerging CountryPairCorr
  0.83GMCDX Gmo Emerging NtryPairCorr
  1.0GMCFX Gmo International EquityPairCorr
  0.9GMCQX Gmo Equity AllocationPairCorr
  0.95GMEMX Gmo Emerging MarketsPairCorr
  0.97GMGEX Gmo Global EquityPairCorr
  0.99GMIIX Gmo Usonian JapanPairCorr
  0.61GMODX Gmo Opportunistic IncomePairCorr
  0.95GMOEX Gmo Emerging MarketsPairCorr
  1.0GMOIX Gmo International EquityPairCorr
  0.65GMOLX Gmo Opportunistic IncomePairCorr
  0.96GMOOX Gmo Global AssetPairCorr
  0.72PPADX Gmo TrustPairCorr
  0.72PPAEX Gmo TrustPairCorr
  0.62PPAJX Gmo Opportunistic ValuePairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Gmo Mutual Fund performing well and Gmo International 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 International'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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