Gateway Fund Correlations

Mutual Funds . USA . 
Fund . Gateway Fund Class
GTENX Fund  USD 47.95  0.10  0.21%   
The current 90-days correlation between Gateway Fund Class and Mid Cap Growth Profund is 0.1 (i.e., Average 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 -0.07 (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 board of governors.

Moving together with Gateway Mutual Fund

  0.83NOANX Natixis OakmarkPairCorr
  0.84NOIAX Natixis Oakmark IntePairCorr
  0.84NOICX Natixis Oakmark IntePairCorr
  0.83GCPAX Gateway Equity CallPairCorr
  0.83GCPCX Gateway Equity CallPairCorr
  0.83GCPNX Gateway Equity CallPairCorr
  0.84NOIYX Natixis Oakmark IntlPairCorr
  0.83GCPYX Gateway Equity CallPairCorr
  0.69LGMAX Loomis Sayles GlobalPairCorr
  0.69LGMCX Loomis Sayles GlobalPairCorr
  1.0LGRCX Loomis Sayles GrowthPairCorr
  1.0LGRNX Loomis Sayles GrowthPairCorr
  0.84LGRRX Loomis Sayles GrowthPairCorr
  0.73VNSCX Vaughan Nelson SelectPairCorr
  0.72VNSAX Vaughan Nelson SelectPairCorr
  0.72VNSNX Vaughan Nelson SelectPairCorr
  0.67VNVCX Vaughan Nelson ValuePairCorr
  0.67VNVAX Vaughan Nelson ValuePairCorr
  0.67VNVNX Vaughan Nelson ValuePairCorr
  0.67VNVYX Vaughan Nelson ValuePairCorr
  0.92LIGCX Loomis Sayles InternPairCorr
  0.64NSFLX Natixis SustainablePairCorr
  0.65NSFKX Natixis SustainablePairCorr
  0.65NSFJX Natixis SustainablePairCorr
  0.64NSFOX Natixis SustainablePairCorr
  0.64NSFMX Natixis SustainablePairCorr

Moving against Gateway Mutual Fund

  0.39AMFAX Asg Managed FuturesPairCorr
  0.39AMFNX Asg Managed FuturesPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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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