Gmo Us Correlations

Mutual Funds . USA . 
Fund . Gmo Equity Allocation
GMCQX Fund  USD 15.03  0.05  0.33%   
The current 90-days correlation between Gmo Equity Allocation and Tiaa Cref Lifestyle Moderate is 0.89 (i.e., Very poor diversification). The correlation of Gmo Us 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 Us Correlation With Market

Very poor diversification

The correlation between Gmo Equity Allocation and DJI is 0.84 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Gmo Equity Allocation 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 Equity Allocation. 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 employment.

Moving together with Gmo Mutual Fund

  0.64GUGAX Gmo E PlusPairCorr
  0.78GUSTX Gmo TreasuryPairCorr
  0.91GEACX Gmo TrustPairCorr
  0.93GEMEX Gmo Emerging MarketsPairCorr
  0.93GEMMX Gmo Emerging MarketsPairCorr
  0.86GEMNX Gmo Emerging MarketsPairCorr
  0.72GWOAX Gmo Global DevelopedPairCorr
  0.8IOVFX Gmo InternationalPairCorr
  0.66GHVIX Gmo High YieldPairCorr
  0.72GIEAX Gmo International EquityPairCorr
  0.84GIMFX Gmo ImplementationPairCorr
  0.78GIOTX Gmo InternationalPairCorr
  0.8GMAZX Gmo InternationalPairCorr
  0.8GMBCX Gmo InternationalPairCorr
  0.81GMADX Gmo Global EquityPairCorr
  0.82GMAQX Gmo Emerging MarketsPairCorr
  0.79GMAUX Gmo Emerging MarketsPairCorr
  0.88GMDFX Gmo Emerging CountryPairCorr
  0.89GMCDX Gmo Emerging NtryPairCorr
  0.76GMCFX Gmo International EquityPairCorr
  0.88GMEMX Gmo Emerging MarketsPairCorr
  0.67GMGEX Gmo Global EquityPairCorr
  0.73GMODX Gmo Opportunistic IncomePairCorr
  0.73GMOEX Gmo Emerging MarketsPairCorr
  0.72GMOHX Gmo Opportunistic IncomePairCorr
  0.7GMOIX Gmo International EquityPairCorr
  0.72GMOLX Gmo Opportunistic IncomePairCorr
  0.88GMOOX Gmo Global AssetPairCorr
  0.77GMOQX Gmo Emerging CountryPairCorr
  0.63GMOUX Gmo International EquityPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

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