Gateway Fund Correlations

Mutual Funds . USA . 
Fund . Gateway Fund Class
GTENX Fund  USD 50.77  0.50  0.99%   
The current 90-days correlation between Gateway Fund Class and Alternative Asset Allocation 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

Poor diversification

The correlation between Gateway Fund Class and DJI is 0.7 (i.e., Poor 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 state.

Moving together with Gateway Mutual Fund

  0.79AMFAX Asg Managed FuturesPairCorr
  0.88AMFNX Asg Managed FuturesPairCorr
  0.72NOIAX Natixis Oakmark IntePairCorr
  0.85GCPAX Gateway Equity CallPairCorr
  1.0GCPCX Gateway Equity CallPairCorr
  0.81GCPNX Gateway Equity CallPairCorr
  0.73NOIYX Natixis Oakmark IntlPairCorr
  1.0GCPYX Gateway Equity CallPairCorr
  0.72LGANX Loomis Sayles LimitedPairCorr
  0.84LGBCX Loomis Sayles InvestmentPairCorr
  0.82LGBNX Loomis Sayles InvestmentPairCorr
  0.82LGMAX Loomis Sayles GlobalPairCorr
  0.81LGMCX Loomis Sayles GlobalPairCorr
  0.78LGMNX Loomis Sayles GlobalPairCorr
  0.85LGRCX Loomis Sayles GrowthPairCorr
  0.81LGRNX Loomis Sayles GrowthPairCorr
  0.84VNSCX Vaughan Nelson SelectPairCorr
  0.83VNSNX Vaughan Nelson SelectPairCorr
  0.81LIGAX Loomis Sayles InvestmentPairCorr
  0.67LIGNX Loomis Sayles InternPairCorr
  0.85LIGRX Loomis Sayles InvestmentPairCorr
  0.61NRCFX Aew Real EstatePairCorr
  0.83ASFCX Asg Managed FuturesPairCorr
  0.88ASFYX Asg Managed FuturesPairCorr
  0.67ESGCX Mirova Global SustainablePairCorr
  0.7ESGYX Mirova Global SustainablePairCorr
  0.65ESGNX Mirova Global SustainablePairCorr
  0.71ESGMX Mirova Global SustainablePairCorr
  0.78NECZX Loomis Sayles StrategicPairCorr
  0.76NECCX Natixis Equity OpporPairCorr
  0.73NECLX Loomis Sayles LimitedPairCorr
  0.66NEFJX Vaughan Nelson SmallPairCorr
  0.72NEFLX Loomis Sayles LimitedPairCorr
  0.69NEFSX Natixis Equity OpporPairCorr

Related Correlations Analysis


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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