Gateway Fund Correlations

Mutual Funds . USA . 
Fund . Gateway Fund Class
GTENX Fund  USD 49.44  0.48  0.96%   
The current 90-days correlation between Gateway Fund Class and Goldman Sachs Clean is 0.54 (i.e., Very weak 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 -0.01 (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 various price indices.

Moving together with Gateway Mutual Fund

  0.87AMFAX Asg Managed FuturesPairCorr
  0.71AMFNX Asg Managed FuturesPairCorr
  0.68NOIAX Natixis Oakmark IntePairCorr
  0.71NOICX Natixis Oakmark IntePairCorr
  0.84GCPAX Gateway Equity CallPairCorr
  0.87GCPCX Gateway Equity CallPairCorr
  1.0GCPNX Gateway Equity CallPairCorr
  0.73NOIYX Natixis Oakmark IntlPairCorr
  0.9GCPYX Gateway Equity CallPairCorr
  0.83LGANX Loomis Sayles LimitedPairCorr
  0.83LGBCX Loomis Sayles InvestmentPairCorr
  0.85LGBNX Loomis Sayles InvestmentPairCorr
  0.9LGMAX Loomis Sayles GlobalPairCorr
  0.92LGMCX Loomis Sayles GlobalPairCorr
  0.94LGMNX Loomis Sayles GlobalPairCorr
  0.73LGRCX Loomis Sayles GrowthPairCorr
  0.75LGRNX Loomis Sayles GrowthPairCorr
  0.72LGRRX Loomis Sayles GrowthPairCorr
  0.89VNSYX Vaughan Nelson SelectPairCorr
  0.62VNSCX Vaughan Nelson SelectPairCorr
  0.89VNSAX Vaughan Nelson SelectPairCorr
  0.9VNSNX Vaughan Nelson SelectPairCorr
  0.85LIGRX Loomis Sayles InvestmentPairCorr
  0.69VSCNX Vaughan Nelson SmallPairCorr
  0.86ASFCX Asg Managed FuturesPairCorr
  0.71ASFYX Asg Managed FuturesPairCorr
  0.8ESGCX Mirova Global SustainablePairCorr

Related Correlations Analysis


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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