Gmo Alternative Correlations

Mutual Funds . USA . 
Fund . Gmo Alternative Allocation
GAAKX Fund  USD 19.32  0.10  0.51%   
The current 90-days correlation between Gmo Alternative Allo and Us Government Securities is 0.1 (i.e., Average diversification). The correlation of Gmo Alternative 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 Alternative Correlation With Market

Very poor diversification

The correlation between Gmo Alternative Allocation and DJI is 0.85 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Gmo Alternative Allocation 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 Alternative Allocation. 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 industry.

Moving together with Gmo Mutual Fund

  0.79GUGAX Gmo E PlusPairCorr
  0.94GUSOX Gmo TrustPairCorr
  0.9GUSTX Gmo TreasuryPairCorr
  0.88GEACX Gmo TrustPairCorr
  0.87GEMEX Gmo Emerging MarketsPairCorr
  0.88GEMMX Gmo Emerging MarketsPairCorr
  0.87GEMNX Gmo Emerging MarketsPairCorr
  0.94GWOAX Gmo Global DevelopedPairCorr
  0.93IOVFX Gmo InternationalPairCorr
  0.92GHVIX Gmo High YieldPairCorr
  0.94GIEAX Gmo International EquityPairCorr
  0.96GIMFX Gmo ImplementationPairCorr
  0.94GIOTX Gmo InternationalPairCorr
  0.86GMAWX Gmo Small CapPairCorr
  0.86GMAYX Gmo Small CapPairCorr
  0.93GMAZX Gmo InternationalPairCorr
  0.93GMBCX Gmo InternationalPairCorr
  0.94GMADX Gmo Global EquityPairCorr
  0.93GMAHX Gmo Usonian Japan Steady GrowthPairCorr
  0.93GMAKX Gmo Usonian Japan Steady GrowthPairCorr
  0.92GMAQX Gmo Emerging MarketsPairCorr
  0.93GMAUX Gmo Emerging MarketsPairCorr
  0.95GMDFX Gmo Emerging CountryPairCorr
  0.95GMCDX Gmo Emerging NtryPairCorr
  0.93GMCFX Gmo International EquityPairCorr
  0.84GMCQX Gmo Equity AllocationPairCorr
  0.88GMEMX Gmo Emerging MarketsPairCorr
  0.93GMGEX Gmo Global EquityPairCorr
  0.93GMIIX Gmo Usonian Japan Steady GrowthPairCorr
  0.95GMODX Gmo Opportunistic IncomePairCorr
  0.87GMOEX Gmo Emerging MarketsPairCorr
  0.96GMOHX Gmo Opportunistic IncomePairCorr
  0.93GMOIX Gmo International EquityPairCorr
  0.95GMOLX Gmo Opportunistic IncomePairCorr
  0.94GMOOX Gmo Global AssetPairCorr
  0.94PPADX Gmo TrustPairCorr
  0.94PPAEX Gmo TrustPairCorr
  0.93PPAJX Gmo Opportunistic ValuePairCorr
  0.95GMOQX Gmo Emerging CountryPairCorr
  0.92GMOUX Gmo International EquityPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

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