Gmo Trust Correlations

PPAEX Fund

22.23 0.24 1.09%

The current 90-days correlation between Gmo Trust and Stringer Growth Fund is 0.02 (i.e., Significant 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

Poor diversification

The correlation between Gmo Trust and DJI is 0.78 (i.e., Poor 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 Your Equity Center 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 banks.

Moving together with Gmo Mutual Fund

0.82	GUSOX	Gmo Trust	Pair Corr
0.61	GWOAX	Gmo Global Developed	Pair Corr
0.62	IOVFX	Gmo International	Pair Corr
0.65	GHVIX	Gmo High Yield	Pair Corr
0.7	GIEAX	Gmo International Equity	Pair Corr
0.66	GIMFX	Gmo Implementation	Pair Corr
0.77	GIOTX	Gmo International	Pair Corr
0.78	GMAWX	Gmo Small Cap	Pair Corr
0.78	GMAYX	Gmo Small Cap	Pair Corr
0.73	GMAZX	Gmo International	Pair Corr
0.62	GMBCX	Gmo International	Pair Corr
0.74	GMADX	Gmo Global Equity	Pair Corr
0.75	GMAHX	Gmo Usonian Japan	Pair Corr
0.75	GMAKX	Gmo Usonian Japan	Pair Corr
0.75	GMCFX	Gmo International Equity	Pair Corr
0.74	GMGEX	Gmo Global Equity	Pair Corr
0.74	GMIIX	Gmo Usonian Japan	Pair Corr
0.75	GMOIX	Gmo International Equity	Pair Corr
0.72	GMOOX	Gmo Global Asset	Pair Corr
1.0	PPAJX	Gmo Opportunistic Value	Pair Corr
0.75	GMOUX	Gmo International Equity	Pair Corr

Related Correlations Analysis

	SRGAX	HGOFX	MGAFX	EIPIX	RPNCX	TFAGX	PSIJX
SRGAX		0.76	0.96	0.3	0.69	0.94	0.67	SRGAX
HGOFX	0.76		0.75	0.18	0.85	0.73	0.84	HGOFX
MGAFX	0.96	0.75		0.47	0.73	0.87	0.73	MGAFX
EIPIX	0.3	0.18	0.47		0.33	0.17	0.36	EIPIX
RPNCX	0.69	0.85	0.73	0.33		0.67	0.96	RPNCX
TFAGX	0.94	0.73	0.87	0.17	0.67		0.65	TFAGX
PSIJX	0.67	0.84	0.73	0.36	0.96	0.65		PSIJX
	SRGAX	HGOFX	MGAFX	EIPIX	RPNCX	TFAGX	PSIJX

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
SRGAX	0.48	0.05	(0.02)	0.61	0.71	(0.46)	0.89	(1.15)	2.84
HGOFX	0.86	0.01	0.01	0.09	1.23	(0.84)	1.63	(2.13)	5.36
MGAFX	0.45	0.06	(0.01)	0.78	0.56	(0.45)	0.93	(0.93)	2.85
EIPIX	0.46	0.04	(0.02)	0.20	0.53	(0.48)	0.93	(0.99)	3.02
RPNCX	1.20	0.04	0.05	0.10	1.57	(1.26)	2.46	(2.28)	8.43
TFAGX	0.86	0.12	0.03	1.10	1.25	(0.82)	1.65	(2.44)	5.01
PSIJX	1.10	0.03	0.04	0.10	1.42	(1.14)	2.72	(2.16)	6.75

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Gmo Trust Correlations

Gmo Trust Correlation With Market

Poor diversification

Moving together with Gmo Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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