Gmo Global Correlations

Mutual Funds . USA . 
Fund . Gmo Global Asset
GMOOX Fund  USD 36.57  0.12  0.33%   
The current 90-days correlation between Gmo Global Asset and Fuller Thaler Behavioral is -0.14 (i.e., Good diversification). The correlation of Gmo Global 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 Global Correlation With Market

Very good diversification

The correlation between Gmo Global Asset and DJI is -0.24 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Gmo Global Asset 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 Global Asset. 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 producer price index.

Moving together with Gmo Mutual Fund

  0.76GUGAX Gmo E PlusPairCorr
  0.95GUSOX Gmo TrustPairCorr
  0.89GUSTX Gmo TreasuryPairCorr
  0.88GEACX Gmo TrustPairCorr
  0.96GEMEX Gmo Emerging MarketsPairCorr
  0.96GEMMX Gmo Emerging MarketsPairCorr
  0.96GEMNX Gmo Emerging MarketsPairCorr
  0.83GWOAX Gmo Global DevelopedPairCorr
  0.98IOVFX Gmo InternationalPairCorr
  0.78GHVIX Gmo High YieldPairCorr
  0.99GIEAX Gmo International EquityPairCorr
  0.84GIMFX Gmo ImplementationPairCorr
  0.98GIOTX Gmo InternationalPairCorr
  0.65GMAWX Gmo Small CapPairCorr
  0.83GMADX Gmo Global EquityPairCorr
  0.82GMAHX Gmo Usonian JapanPairCorr
  0.63GMAQX Gmo Emerging MarketsPairCorr
  0.97GMDFX Gmo Emerging CountryPairCorr
  0.97GMCDX Gmo Emerging NtryPairCorr
  0.84GMCFX Gmo International EquityPairCorr
  0.98GMCQX Gmo Equity AllocationPairCorr
  0.79GMEMX Gmo Emerging MarketsPairCorr
  0.83GMGEX Gmo Global EquityPairCorr
  0.83GMIIX Gmo Usonian JapanPairCorr
  0.93GMODX Gmo Opportunistic IncomePairCorr
  0.96GMOEX Gmo Emerging MarketsPairCorr
  0.79GMOHX Gmo Opportunistic IncomePairCorr
  0.85GMOIX Gmo International EquityPairCorr
  0.8GMOLX Gmo Opportunistic IncomePairCorr
  0.77PPADX Gmo TrustPairCorr
  0.77PPAEX Gmo TrustPairCorr
  0.77PPAJX Gmo Opportunistic ValuePairCorr
  0.97GMOQX Gmo Emerging CountryPairCorr
  0.84GMOUX Gmo International EquityPairCorr
  0.67GMOWX Gmo ResourcesPairCorr
  0.75GMOYX Gmo TrustPairCorr
  0.78GMOZX Gmo High YieldPairCorr
  0.98GMUEX Gmo Equity AllocationPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

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