Gmo Emerging Correlations

GMOEX Fund

USD 30.75 0.24 0.79%

The current 90-days correlation between Gmo Emerging Markets and Columbia Global Technology is -0.15 (i.e., Good diversification). The correlation of Gmo Emerging 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 Emerging Correlation With Market

Very weak diversification

The correlation between Gmo Emerging Markets and DJI is 0.54 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Gmo Emerging Markets 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 Emerging Markets. 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 banks.

Moving together with Gmo Mutual Fund

0.61	GWOAX	Gmo Global Developed	Pair Corr
0.61	GMADX	Gmo Global Equity	Pair Corr
0.61	GMAQX	Gmo Emerging Markets	Pair Corr
0.61	GMCQX	Gmo Equity Allocation	Pair Corr
0.66	FWWNX	American Funds New	Pair Corr
0.66	FNFWX	American Funds New	Pair Corr
0.66	NWFFX	New World Fund	Pair Corr
0.61	NEWCX	New World Fund	Pair Corr
0.67	PRTPX	Pimco Real Return	Pair Corr
0.62	PDDFX	Prudential Day One	Pair Corr
0.82	GEGAX	Aberdeen Emerging Markets	Pair Corr
0.86	FFOLX	Fidelity Freedom Index	Pair Corr
0.81	ESCGX	Ashmore Emerging Markets	Pair Corr
0.77	FAPHX	Fidelity Summer Street	Pair Corr
0.73	FKTJX	Franklin New York	Pair Corr
0.78	GWLRX	Aberdeen Gbl Eq	Pair Corr

Related Correlations Analysis

	CMTFX	TOWTX	DTEYX	PTTEX	HTECX
CMTFX		0.62	0.88	0.99	0.53	CMTFX
TOWTX	0.62		0.83	0.56	0.77	TOWTX
DTEYX	0.88	0.83		0.87	0.77	DTEYX
PTTEX	0.99	0.56	0.87		0.53	PTTEX
HTECX	0.53	0.77	0.77	0.53		HTECX
	CMTFX	TOWTX	DTEYX	PTTEX	HTECX

Risk-Adjusted Indicators

There is a big difference between Gmo Mutual Fund performing well and Gmo Emerging 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 Emerging'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
CMTFX	0.99	0.09	0.03	0.82	1.41	(0.95)	1.87	(2.57)	5.72
TOWTX	0.70	0.01	0.01	0.07	0.88	(0.70)	1.59	(1.33)	4.32
DTEYX	1.04	0.07	0.05	0.11	1.50	(1.00)	1.70	(2.46)	6.53
PTTEX	0.99	0.08	0.02	0.77	1.50	(0.94)	1.93	(2.27)	6.21
HTECX	0.97	(0.02)	0.00	0.04	1.34	(0.97)	1.86	(2.09)	5.80

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Gmo Emerging Correlations

Gmo Emerging Correlation With Market

Very weak diversification

Moving together with Gmo Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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