Gmo International Correlations

Mutual Funds . USA . 
Fund . Gmo International Equity
GIEAX Fund  USD 35.64  0.15  0.42%   
The current 90-days correlation between Gmo International Equity and Ab Bond Inflation is 0.05 (i.e., Significant diversification). The correlation of Gmo International 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 International Correlation With Market

Poor diversification

The correlation between Gmo International Equity and DJI is 0.7 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Gmo International Equity 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 International Equity. 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

  0.68GUGAX Gmo E PlusPairCorr
  0.69GUSOX Gmo TrustPairCorr
  0.62GUSTX Gmo TreasuryPairCorr
  0.61GEACX Gmo TrustPairCorr
  0.72GEMEX Gmo Emerging MarketsPairCorr
  0.73GEMMX Gmo Emerging MarketsPairCorr
  0.72GEMNX Gmo Emerging MarketsPairCorr
  0.77GWOAX Gmo Global DevelopedPairCorr
  0.8IOVFX Gmo InternationalPairCorr
  0.69GHVIX Gmo High YieldPairCorr
  0.99GIMFX Gmo ImplementationPairCorr
  0.84GIOTX Gmo InternationalPairCorr
  0.66GMAYX Gmo Small CapPairCorr
  0.99GMAZX Gmo InternationalPairCorr
  0.83GMBCX Gmo InternationalPairCorr
  0.79GMADX Gmo Global EquityPairCorr
  0.96GMAKX Gmo Usonian JapanPairCorr
  0.75GMDFX Gmo Emerging CountryPairCorr
  0.75GMCDX Gmo Emerging NtryPairCorr
  0.74GMCQX Gmo Equity AllocationPairCorr
  0.72GMEMX Gmo Emerging MarketsPairCorr
  0.9GMGEX Gmo Global EquityPairCorr
  0.73GMODX Gmo Opportunistic IncomePairCorr
  0.96GMOEX Gmo Emerging MarketsPairCorr
  0.73GMOHX Gmo Opportunistic IncomePairCorr
  0.73GMOLX Gmo Opportunistic IncomePairCorr
  0.79GMOOX Gmo Global AssetPairCorr
  0.95GMOQX Gmo Emerging CountryPairCorr
  0.68GMOYX Gmo TrustPairCorr
  0.82GMOZX Gmo High YieldPairCorr
  0.74GMUEX Gmo Equity AllocationPairCorr
  0.79GMWAX Gmo Global AssetPairCorr
  0.9GMWRX Gmo Global AssetPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

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