Grandeur Peak Correlations

GISOX Fund

USD 16.38 0.17 1.03%

The current 90-days correlation between Grandeur Peak Intern and Aqr Large Cap is 0.58 (i.e., Very weak diversification). The correlation of Grandeur Peak 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.

Grandeur Peak Correlation With Market

Very weak diversification

The correlation between Grandeur Peak International and DJI is 0.49 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Grandeur Peak International 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 Grandeur Peak International. 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 persons.

Moving together with Grandeur Mutual Fund

0.73	GGSOX	Grandeur Peak Global	Pair Corr
0.73	GGSYX	Grandeur Peak Global	Pair Corr
1.0	GISYX	Grandeur Peak Intern	Pair Corr
0.81	GPEIX	Grandeur Peak Emerging	Pair Corr
0.82	GPEOX	Grandeur Peak Emerging	Pair Corr
0.93	GPGIX	Grandeur Peak Global	Pair Corr
0.94	GPGOX	Grandeur Peak Global	Pair Corr
0.98	GPIIX	Grandeur Peak Intern	Pair Corr
0.98	GPIOX	Grandeur Peak Intern	Pair Corr
0.81	GPMCX	Grandeur Peak Global	Pair Corr
0.7	GPRIX	Grandeur Peak Global	Pair Corr
0.71	GPROX	Grandeur Peak Global	Pair Corr
0.95	OSMYX	Oppenheimer Intl Small	Pair Corr
0.95	OSCIX	Oppenheimer Intl Small	Pair Corr
0.95	OSMNX	Oppenheimer Intl Small	Pair Corr
0.87	TIDDX	T Rowe Price	Pair Corr
0.97	MIDGX	Mfs International New	Pair Corr
0.97	MIDHX	Mfs International New	Pair Corr
0.97	MIDRX	Mfs International New	Pair Corr
0.89	VGTSX	Vanguard Total Inter	Pair Corr
0.89	VTIAX	Vanguard Total Inter	Pair Corr

Moving against Grandeur Mutual Fund

0.42	GUSYX	Grandeur Peak Stalwarts	Pair Corr
0.74	RYBKX	Banking Fund Class	Pair Corr
0.53	VIPAX	Index Plus Largecap	Pair Corr
0.5	VTSAX	Vanguard Total Stock	Pair Corr
0.5	VFIAX	Vanguard 500 Index	Pair Corr
0.5	VTSMX	Vanguard Total Stock	Pair Corr
0.5	VSMPX	Vanguard Total Stock	Pair Corr
0.5	VSTSX	Vanguard Total Stock	Pair Corr
0.5	VITSX	Vanguard Total Stock	Pair Corr
0.5	VFINX	Vanguard 500 Index	Pair Corr
0.5	FSKAX	Fidelity Total Market	Pair Corr
0.49	USA	Liberty All Star	Pair Corr
0.48	ASTZX	Astor Long/short	Pair Corr
0.48	VMIDX	Mid Cap Index	Pair Corr
0.47	VFFSX	Vanguard 500 Index	Pair Corr

Related Correlations Analysis

	AMONX	AMFFX	TFCCX	LMUSX	DOXGX	DLCIX
AMONX		0.84	0.9	0.96	0.93	1.0	AMONX
AMFFX	0.84		0.75	0.86	0.86	0.85	AMFFX
TFCCX	0.9	0.75		0.95	0.97	0.9	TFCCX
LMUSX	0.96	0.86	0.95		0.98	0.96	LMUSX
DOXGX	0.93	0.86	0.97	0.98		0.93	DOXGX
DLCIX	1.0	0.85	0.9	0.96	0.93		DLCIX
	AMONX	AMFFX	TFCCX	LMUSX	DOXGX	DLCIX

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Risk-Adjusted Indicators

There is a big difference between Grandeur Mutual Fund performing well and Grandeur Peak 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 Grandeur Peak'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
AMONX	0.68	0.03	0.03	0.15	0.85	(0.72)	1.63	(1.30)	4.55
AMFFX	0.45	0.05	(0.12)	2.39	0.43	(0.50)	0.90	(0.86)	2.68
TFCCX	0.50	0.11	(0.02)	(5.13)	0.38	(0.58)	0.93	(0.98)	3.59
LMUSX	0.61	0.12	0.00	2.44	0.73	(0.69)	1.28	(1.49)	4.08
DOXGX	0.52	0.09	(0.05)	(1.61)	0.45	(0.59)	0.94	(0.93)	4.22
DLCIX	0.55	0.01	(0.01)	0.13	0.65	(0.59)	1.23	(1.27)	4.24

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