Gateway Fund Correlations

Mutual Funds . USA . 
Fund . Gateway Fund Class
GTECX Fund  USD 47.51  0.13  0.27%   
The current 90-days correlation between Gateway Fund Class and Fidelity Advisor Gold is -0.04 (i.e., Good diversification). The correlation of Gateway Fund 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.

Gateway Fund Correlation With Market

Good diversification

The correlation between Gateway Fund Class and DJI is -0.04 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Gateway Fund Class 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 Gateway Fund Class. 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 main economic indicators.

Moving together with Gateway Mutual Fund

  0.99GCPAX Gateway Equity CallPairCorr
  0.98GCPNX Gateway Equity CallPairCorr
  1.0LGRRX Loomis Sayles GrowthPairCorr
  0.98VNVNX Vaughan Nelson ValuePairCorr
  0.93LIGYX Loomis Sayles InternPairCorr
  0.81NRCFX Aew Real EstatePairCorr
  0.83NSFDX Natixis SustainablePairCorr
  0.97ESGCX Mirova Global SustainablePairCorr
  0.97ESGYX Mirova Global SustainablePairCorr
  0.91NECZX Loomis Sayles StrategicPairCorr
  0.69NECLX Loomis Sayles LimitedPairCorr
  0.93NEFJX Vaughan Nelson SmallPairCorr
  0.96NEFOX Natixis OakmarkPairCorr
  1.0NEFSX Natixis Equity OpporPairCorr
  0.91NEFZX Loomis Sayles StrategicPairCorr
  0.98NESYX Natixis Equity OpporPairCorr
  0.99LSGRX Loomis Sayles GrowthPairCorr
  0.99GAFAX Asg Global AlternativesPairCorr
  1.0GATEX Gateway Fund ClassPairCorr
  0.99GTENX Gateway Fund ClassPairCorr
  0.99GTEYX Gateway Fund ClassPairCorr
  0.99JHQCX Jpmorgan Hedged EquityPairCorr
  0.99JHEQX Jpmorgan Hedged EquityPairCorr
  1.0JHQAX Jpmorgan Hedged EquityPairCorr
  0.98JHDCX Jpmorgan Hedged EquityPairCorr
  0.98JHDRX Jpmorgan Hedged EquityPairCorr
  0.97JHDAX Jpmorgan Hedged EquityPairCorr
  0.96BDBPX Ishares Russell 2000PairCorr
  0.98VTHRX Vanguard Target RetiPairCorr
  0.97VWIGX Vanguard InternationalPairCorr
  0.98TRROX T Rowe PricePairCorr
  0.97FBDTX American Funds 2025PairCorr
  0.97VEMIX Vanguard Emerging MarketsPairCorr
  0.96SMVTX Ridgeworth Ceredex MidPairCorr
  0.97CAEIX Calvert Global EnergyPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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