Gateway Equity Correlations

Mutual Funds . USA . 
Fund . Gateway Equity Call
GCPCX Fund  USD 22.14  0.07  0.32%   
The current 90-days correlation between Gateway Equity Call and Nuveen Strategic Municipal is 0.11 (i.e., Average diversification). The correlation of Gateway Equity 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 Equity Correlation With Market

Almost no diversification

The correlation between Gateway Equity Call and DJI is 0.94 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Gateway Equity Call 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 Equity Call. 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 unemployment.

Moving together with Gateway Mutual Fund

  0.81AMFAX Asg Managed FuturesPairCorr
  0.86AMFNX Asg Managed FuturesPairCorr
  0.93NOICX Natixis Oakmark IntePairCorr
  0.94GCPAX Gateway Equity CallPairCorr
  1.0GCPNX Gateway Equity CallPairCorr
  1.0GCPYX Gateway Equity CallPairCorr
  0.79LGANX Loomis Sayles LimitedPairCorr
  0.73LGBNX Loomis Sayles InvestmentPairCorr
  0.87LGMNX Loomis Sayles GlobalPairCorr
  0.76LGRNX Loomis Sayles GrowthPairCorr
  0.78VNSCX Vaughan Nelson SelectPairCorr
  0.78VNSAX Vaughan Nelson SelectPairCorr
  0.81VNVYX Vaughan Nelson ValuePairCorr
  0.69LIGAX Loomis Sayles InvestmentPairCorr
  0.91VSCNX Vaughan Nelson SmallPairCorr
  0.86ASFCX Asg Managed FuturesPairCorr
  0.81ASFYX Asg Managed FuturesPairCorr
  0.77ESGCX Mirova Global SustainablePairCorr
  0.77ESGYX Mirova Global SustainablePairCorr
  0.67ESGMX Mirova Global SustainablePairCorr
  0.89NECOX Natixis OakmarkPairCorr
  0.89NEFJX Vaughan Nelson SmallPairCorr
  0.9NEFOX Natixis OakmarkPairCorr
  0.81NEFSX Natixis Equity OpporPairCorr
  0.91NEJYX Vaughan Nelson SmallPairCorr
  0.69NERNX Loomis Sayles EPairCorr
  0.88NESYX Natixis Equity OpporPairCorr
  0.91NEZNX Loomis Sayles StrategicPairCorr
  0.8LSDNX Loomis Sayles IntermPairCorr
  0.71LSFNX Loomis Sayles SeniorPairCorr
  0.82LSHNX Loomis Sayles HighPairCorr
  0.81GAFAX Asg Global AlternativesPairCorr
  0.79GAFCX Asg Global AlternativesPairCorr
  0.88GATEX Gateway Fund ClassPairCorr
  0.87GTECX Gateway Fund ClassPairCorr
  0.97GTENX Gateway Fund ClassPairCorr

Moving against Gateway Mutual Fund

  0.76IFN India ClosedPairCorr
  0.42IIF Morgan Stanley IndiaPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

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