Gmo International Correlations

Mutual Funds . USA . 
Fund . Gmo International Equity
GIEAX Fund  USD 38.41  0.27  0.70%   
The current 90-days correlation between Gmo International Equity and Nuveen Strategic Municipal is 0.39 (i.e., Weak 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

Average diversification

The correlation between Gmo International Equity and DJI is 0.15 (i.e., Average 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

  0.67GUSOX Gmo TrustPairCorr
  0.68GUSTX Gmo TreasuryPairCorr
  0.79GEACX Gmo TrustPairCorr
  0.61GEMMX Gmo Emerging MarketsPairCorr
  0.61GEMNX Gmo Emerging MarketsPairCorr
  0.83GWOAX Gmo Global DevelopedPairCorr
  0.9GHVIX Gmo High Yield Downward RallyPairCorr
  0.83GIOTX Gmo InternationalPairCorr
  0.66GMAWX Gmo Small CapPairCorr
  0.99GMADX Gmo Global EquityPairCorr
  0.7GMAQX Gmo Emerging MarketsPairCorr
  0.77GMAUX Gmo Emerging MarketsPairCorr
  0.69GMDFX Gmo Emerging CountryPairCorr
  0.94GMCFX Gmo International EquityPairCorr
  0.77GMCQX Gmo Equity AllocationPairCorr
  0.7GMEMX Gmo Emerging MarketsPairCorr
  0.99GMGEX Gmo Global EquityPairCorr
  0.69GMODX Gmo Opportunistic IncomePairCorr
  0.7GMOEX Gmo Emerging MarketsPairCorr
  0.7GMOHX Gmo Opportunistic IncomePairCorr
  0.95GMOIX Gmo International EquityPairCorr
  0.64GMOLX Gmo Opportunistic IncomePairCorr
  0.91GMOOX Gmo Global AssetPairCorr
  0.85PPADX Gmo TrustPairCorr
  0.79GMOQX Gmo Emerging CountryPairCorr
  0.85GMOUX Gmo International EquityPairCorr
  0.87GMOWX Gmo ResourcesPairCorr
  0.87GMOYX Gmo TrustPairCorr
  0.92GMUEX Gmo Equity AllocationPairCorr
  0.91GMWAX Gmo Global AssetPairCorr
  0.91GMWRX Gmo Global AssetPairCorr
  0.82GOFIX Gmo ResourcesPairCorr

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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