Gmo Trust Correlations

PPAEX Fund

20.94 0.35 1.70%

The current 90-days correlation between Gmo Trust and Ab Bond Inflation is -0.22 (i.e., Very good diversification). The correlation of Gmo Trust 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.

Check out Your Equity Center to better understand how to build diversified portfolios. 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 Gmo Mutual Fund

0.99	VVIAX	Vanguard Value Index	Pair Corr
0.99	DOXGX	Dodge Cox Stock	Pair Corr
0.98	AFMFX	American Mutual	Pair Corr
0.98	FFMMX	American Funds American	Pair Corr
0.98	FFFMX	American Funds American	Pair Corr
0.98	AMRMX	American Mutual	Pair Corr
0.98	AMFFX	American Mutual	Pair Corr
0.98	AMFCX	American Mutual	Pair Corr
0.99	DODGX	Dodge Stock Fund	Pair Corr
0.99	VIVAX	Vanguard Value Index	Pair Corr
0.91	FSMMX	Fs Multi Strategy	Pair Corr
0.89	SPMPX	Invesco Steelpath Mlp	Pair Corr
0.89	MLPNX	Oppenheimer Steelpath Mlp	Pair Corr
0.89	MLPMX	Oppenheimer Steelpath Mlp	Pair Corr
0.89	SPMJX	Invesco Steelpath Mlp	Pair Corr
0.63	CVX	Chevron Corp	Pair Corr
0.64	MSFT	Microsoft	Pair Corr
0.82	IBM	International Business	Pair Corr
0.88	AA	Alcoa Corp Earnings Call This Week	Pair Corr
0.79	AXP	American Express	Pair Corr
0.69	HD	Home Depot	Pair Corr
0.77	JPM	JPMorgan Chase	Pair Corr
0.91	DD	Dupont De Nemours	Pair Corr
0.82	CAT	Caterpillar	Pair Corr
0.96	DIS	Walt Disney Earnings Call Tomorrow	Pair Corr
0.65	MRK	Merck Company	Pair Corr
0.9	MMM	3M Company	Pair Corr

Moving against Gmo Mutual Fund

0.42	T	ATT Inc Earnings Call This Week	Pair Corr
0.42	VZ	Verizon Communications	Pair Corr
0.32	MCD	McDonalds	Pair Corr

Related Correlations Analysis

	ABNTX	BMOPX	FLQTVX	SCCIX	CSBCX	MIIIX
ABNTX		0.91	0.93	0.82	0.85	0.89	ABNTX
BMOPX	0.91		0.93	0.94	0.96	0.99	BMOPX
FLQTVX	0.93	0.93		0.89	0.91	0.93	FLQTVX
SCCIX	0.82	0.94	0.89		0.98	0.96	SCCIX
CSBCX	0.85	0.96	0.91	0.98		0.97	CSBCX
MIIIX	0.89	0.99	0.93	0.96	0.97		MIIIX
	ABNTX	BMOPX	FLQTVX	SCCIX	CSBCX	MIIIX

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Risk-Adjusted Indicators

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

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
ABNTX	0.22	0.02	0.34	0.39	0.26	(0.25)	0.48	(0.39)	1.93
BMOPX	0.29	0.02	0.32	0.26	0.34	(0.30)	0.56	(0.56)	1.77
FLQTVX	0.15	0.01	0.53	0.06	0.18	(0.15)	0.27	(0.28)	0.99
SCCIX	0.31	0.01	0.30	0.11	0.37	(0.32)	0.56	(0.56)	1.85
CSBCX	0.27	0.01	0.36	0.14	0.31	(0.29)	0.49	(0.42)	1.80
MIIIX	0.30	0.02	0.31	0.18	0.35	(0.33)	0.55	(0.53)	1.91

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Gmo Trust Correlations

Moving together with Gmo Mutual Fund

Moving against Gmo Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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