Gmo International Correlations

Mutual Funds . USA . 
Fund . Gmo International Equity
GMOIX Fund  USD 33.54  2.00  5.63%   
The current 90-days correlation between Gmo International Equity and Lord Abbett Small is 0.55 (i.e., Very 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

Very weak diversification

The correlation between Gmo International Equity and DJI is 0.59 (i.e., Very weak 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 gross domestic product.

Moving together with Gmo Mutual Fund

  0.61GUSTX Gmo TreasuryPairCorr
  0.84GEACX Gmo TrustPairCorr
  0.68GEMEX Gmo Emerging MarketsPairCorr
  0.68GEMMX Gmo Emerging MarketsPairCorr
  0.68GEMNX Gmo Emerging MarketsPairCorr
  0.96GWOAX Gmo Global DevelopedPairCorr
  0.88IOVFX Gmo InternationalPairCorr
  0.87GHVIX Gmo High YieldPairCorr
  0.97GIEAX Gmo International EquityPairCorr
  0.91GIMFX Gmo ImplementationPairCorr
  0.97GIOTX Gmo InternationalPairCorr
  0.75GMAWX Gmo Small CapPairCorr
  0.75GMAYX Gmo Small CapPairCorr
  0.87GMAZX Gmo InternationalPairCorr
  0.8GMBCX Gmo InternationalPairCorr
  0.96GMADX Gmo Global EquityPairCorr
  0.68GMAHX Gmo Usonian JapanPairCorr
  0.68GMAKX Gmo Usonian JapanPairCorr
  0.72GMAQX Gmo Emerging MarketsPairCorr
  0.72GMAUX Gmo Emerging MarketsPairCorr
  1.0GMCFX Gmo International EquityPairCorr
  0.68GMEMX Gmo Emerging MarketsPairCorr
  0.96GMGEX Gmo Global EquityPairCorr
  0.68GMIIX Gmo Usonian JapanPairCorr
  0.65GMODX Gmo Opportunistic IncomePairCorr
  0.68GMOEX Gmo Emerging MarketsPairCorr
  0.64GMOHX Gmo Opportunistic IncomePairCorr
  0.63GMOLX Gmo Opportunistic IncomePairCorr
  0.95GMOOX Gmo Global AssetPairCorr
  1.0GMOUX Gmo International EquityPairCorr
  0.84GMOWX 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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