Gateway Fund Correlations

Mutual Funds . USA . 
Fund . Gateway Fund Class
GTECX Fund  USD 47.12  0.14  0.30%   
The current 90-days correlation between Gateway Fund Class and Auer Growth Fund is -0.1 (i.e., Good diversification). The correlation of Gateway Fund 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.

Gateway Fund Correlation With Market

Good diversification

The correlation between Gateway Fund Class and DJI is -0.08 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Gateway Fund Class 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 Gateway Fund Class. 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 main economic indicators.

Moving together with Gateway Mutual Fund

  0.99GCPAX Gateway Equity CallPairCorr
  0.93GCPCX Gateway Equity CallPairCorr
  0.99GCPNX Gateway Equity CallPairCorr
  0.93GCPYX Gateway Equity CallPairCorr
  0.76MGGYX Mirova Global GreenPairCorr
  1.0GATEX Gateway Fund ClassPairCorr
  0.94GTENX Gateway Fund ClassPairCorr
  0.95JHQCX Jpmorgan Hedged EquityPairCorr
  0.95JHEQX Jpmorgan Hedged EquityPairCorr
  0.99JHQAX Jpmorgan Hedged EquityPairCorr
  0.94GTEYX Gateway Fund ClassPairCorr
  0.94JHDCX Jpmorgan Hedged EquityPairCorr
  0.94JHDRX Jpmorgan Hedged EquityPairCorr
  0.98JHDAX Jpmorgan Hedged EquityPairCorr
  0.92SMPIX Semiconductor UltrasectorPairCorr
  0.96SMPSX Semiconductor UltrasectorPairCorr
  0.94RSNYX Victory Global NaturalPairCorr
  0.65EMO Clearbridge Energy MlpPairCorr
  0.96RSNRX Victory Global NaturalPairCorr
  0.94RGNCX Victory Global NaturalPairCorr
  0.75MLPTX Oppenheimer Steelpath MlpPairCorr
  0.98GCSUX Goldman Sachs SmallPairCorr
  0.93GNXCX Alphacentric GlobalPairCorr
  0.94WRHIX Ivy High IncomePairCorr
  0.9PNDIX Pender Real EstatePairCorr
  0.97IEYYX Ivy Energy FundPairCorr
  0.92LBAFX Legg Mason BwPairCorr
  0.96FHKAX Fidelity China RegionPairCorr
  0.95VFIAX Vanguard 500 IndexPairCorr
  0.91FOSFX Fidelity OverseasPairCorr
  0.95VFINX Vanguard 500 IndexPairCorr
  0.9HWLIX Hotchkis Wiley LargePairCorr
  0.93RITFX American High IncomePairCorr
  0.72MSUMX Managed Account SeriesPairCorr
  0.68PRWBX T Rowe PricePairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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