Gmo Global Correlations

Mutual Funds . USA . 
Fund . Gmo Global Developed
GWOAX Fund  USD 28.19  0.06  0.21%   
The current 90-days correlation between Gmo Global Developed and Artisan Global Opportunities is -0.05 (i.e., Good diversification). The correlation of Gmo Global 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 Global Correlation With Market

Good diversification

The correlation between Gmo Global Developed and DJI is -0.1 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Gmo Global 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 Global 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 nation.

Moving together with Gmo Mutual Fund

  0.65GUGAX Gmo E PlusPairCorr
  0.96GUSOX Gmo TrustPairCorr
  0.87GUSTX Gmo TreasuryPairCorr
  0.98GEMEX Gmo Emerging MarketsPairCorr
  0.98GEMMX Gmo Emerging MarketsPairCorr
  0.98GEMNX Gmo Emerging MarketsPairCorr
  0.99IOVFX Gmo InternationalPairCorr
  0.98GHVIX Gmo High YieldPairCorr
  0.98GIEAX Gmo International EquityPairCorr
  0.97GIMFX Gmo ImplementationPairCorr
  0.97GIOTX Gmo InternationalPairCorr
  0.95GMAYX Gmo Small CapPairCorr
  0.98GMAZX Gmo InternationalPairCorr
  0.98GMBCX Gmo InternationalPairCorr
  0.66GMADX Gmo Global EquityPairCorr
  0.94GMAHX Gmo Usonian JapanPairCorr
  0.94GMAKX Gmo Usonian JapanPairCorr
  0.63GMAQX Gmo Emerging MarketsPairCorr
  0.99GMAUX Gmo Emerging MarketsPairCorr
  0.95GMDFX Gmo Emerging CountryPairCorr
  0.95GMCDX Gmo Emerging NtryPairCorr
  0.96GMCFX Gmo International EquityPairCorr
  0.62GMCQX Gmo Equity AllocationPairCorr
  0.98GMEMX Gmo Emerging MarketsPairCorr
  0.99GMGEX Gmo Global EquityPairCorr
  0.94GMIIX Gmo Usonian JapanPairCorr
  0.86GMODX Gmo Opportunistic IncomePairCorr
  0.98GMOEX Gmo Emerging MarketsPairCorr
  0.87GMOHX Gmo Opportunistic IncomePairCorr
  0.96GMOIX Gmo International EquityPairCorr
  0.86GMOLX Gmo Opportunistic IncomePairCorr
  1.0GMOOX Gmo Global AssetPairCorr
  0.98PPADX Gmo TrustPairCorr
  0.95PPAEX Gmo TrustPairCorr
  0.98PPAJX Gmo Opportunistic ValuePairCorr
  0.95GMOQX Gmo Emerging CountryPairCorr

Moving against Gmo Mutual Fund

  0.65GMAEX Gmo Quality CyclicalsPairCorr
  0.65GMAOX Gmo TrustPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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