Gmo Emerging Correlations

Mutual Funds . USA . 
Fund . Gmo Emerging Ntry
GMCDX Fund  USD 20.79  0.01  0.05%   
The current 90-days correlation between Gmo Emerging Ntry and Gmo Emerging Country is -0.06 (i.e., Good diversification). The correlation of Gmo Emerging 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 Emerging Correlation With Market

Significant diversification

The correlation between Gmo Emerging Ntry and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Gmo Emerging Ntry 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 Emerging Ntry. 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 unemployment.

Moving together with Gmo Mutual Fund

  0.87GUSOX Gmo TrustPairCorr
  0.9GEACX Gmo TrustPairCorr
  0.92GEMEX Gmo Emerging MarketsPairCorr
  0.92GEMMX Gmo Emerging MarketsPairCorr
  0.92GEMNX Gmo Emerging MarketsPairCorr
  0.93GWOAX Gmo Global DevelopedPairCorr
  0.92IOVFX Gmo InternationalPairCorr
  0.89GHVIX Gmo High YieldPairCorr
  0.87GIEAX Gmo International EquityPairCorr
  0.93GIMFX Gmo ImplementationPairCorr
  0.83GIOTX Gmo InternationalPairCorr
  0.9GMAWX Gmo Small CapPairCorr
  0.85GMAYX Gmo Small CapPairCorr
  0.92GMAZX Gmo InternationalPairCorr
  0.9GMBCX Gmo InternationalPairCorr
  0.9GMADX Gmo Global EquityPairCorr
  0.83GMAHX Gmo Usonian JapanPairCorr
  0.83GMAKX Gmo Usonian JapanPairCorr
  0.87GMAQX Gmo Emerging MarketsPairCorr
  0.85GMAUX Gmo Emerging MarketsPairCorr
  0.94GMDFX Gmo Emerging CountryPairCorr
  0.85GMCFX Gmo International EquityPairCorr
  0.88GMCQX Gmo Equity AllocationPairCorr
  0.92GMEMX Gmo Emerging MarketsPairCorr
  0.9GMGEX Gmo Global EquityPairCorr
  0.87GMIIX Gmo Usonian JapanPairCorr
  0.93GMOEX Gmo Emerging MarketsPairCorr
  0.85GMOIX Gmo International EquityPairCorr
  0.92GMOOX Gmo Global AssetPairCorr
  0.87PPADX Gmo TrustPairCorr
  0.87PPAEX Gmo TrustPairCorr
  0.8PPAJX Gmo Opportunistic ValuePairCorr
  0.94GMOQX Gmo Emerging CountryPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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