Gmo Trust Correlations

Mutual Funds . USA . 
Fund . Gmo Trust
GMOYX Fund   16.15  0.33  2.00%   
The current 90-days correlation between Gmo Trust and Western Assets Emerging is -0.02 (i.e., Good diversification). The correlation of Gmo Trust 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 Trust Correlation With Market

Good diversification

The correlation between Gmo Trust and DJI is -0.04 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Gmo Trust 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 Trust . 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 private.

Moving together with Gmo Mutual Fund

  0.71GUSTX Gmo TreasuryPairCorr
  0.93GEACX Gmo TrustPairCorr
  0.63GEMEX Gmo Emerging MarketsPairCorr
  0.63GEMMX Gmo Emerging MarketsPairCorr
  0.63GEMNX Gmo Emerging MarketsPairCorr
  0.9GWOAX Gmo Global DevelopedPairCorr
  0.7IOVFX Gmo InternationalPairCorr
  0.66GHVIX Gmo High YieldPairCorr
  0.88GIEAX Gmo International EquityPairCorr
  0.89GIMFX Gmo ImplementationPairCorr
  0.88GIOTX Gmo InternationalPairCorr
  0.66GMAYX Gmo Small CapPairCorr
  0.7GMAZX Gmo InternationalPairCorr
  0.75GMADX Gmo Global EquityPairCorr
  0.76GMAUX Gmo Emerging MarketsPairCorr
  0.86GMCFX Gmo International EquityPairCorr
  0.63GMEMX Gmo Emerging MarketsPairCorr
  0.9GMGEX Gmo Global EquityPairCorr
  0.73GMODX Gmo Opportunistic IncomePairCorr
  0.63GMOEX Gmo Emerging MarketsPairCorr
  0.78GMOHX Gmo Opportunistic IncomePairCorr
  0.86GMOIX Gmo International EquityPairCorr
  0.77GMOLX Gmo Opportunistic IncomePairCorr
  0.77GMOOX Gmo Global AssetPairCorr
  0.86GMOUX Gmo International EquityPairCorr
  0.67GMOWX Gmo ResourcesPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

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