Gmo Emerging Correlations

Summary

GMAVXDelisted Fund

USD 14.14 0.00 0.00%

The current 90-days correlation between Gmo Emerging Markets and Mid Cap Growth is 0.06 (i.e., Significant diversification). The correlation of Gmo Emerging 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 Emerging Correlation With Market

Significant diversification

The correlation between Gmo Emerging Markets and DJI is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Gmo Emerging Markets 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. 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 real.

Moving against Gmo Mutual Fund

0.8	PFN	Pimco Income Strategy	Pair Corr
0.71	VEMAX	Vanguard Emerging Markets	Pair Corr
0.65	VEMIX	Vanguard Emerging Markets	Pair Corr
0.65	VEMRX	Vanguard Emerging Markets	Pair Corr
0.64	VEIEX	Vanguard Emerging Markets	Pair Corr
0.54	XNKGX	Nuveen Georgia Quality	Pair Corr
0.48	PCF	Putnam High Income	Pair Corr
0.45	FWWNX	American Funds New	Pair Corr
0.39	ODVYX	Oppenheimer Developing	Pair Corr
0.37	FNFWX	American Funds New	Pair Corr
0.36	NEWFX	New World Fund	Pair Corr
0.36	NWFFX	New World Fund	Pair Corr
0.35	NEWCX	New World Fund	Pair Corr
0.35	ELFNX	Elfun Trusts Elfun	Pair Corr
0.31	CIF	Mfs Intermediate High	Pair Corr
0.67	CAT	Caterpillar Sell-off Trend	Pair Corr
0.65	XOM	Exxon Mobil Corp Fiscal Year End 7th of February 2025	Pair Corr
0.56	HD	Home Depot	Pair Corr
0.55	HPQ	HP Inc	Pair Corr
0.4	IBM	International Business Fiscal Year End 22nd of January 2025	Pair Corr
0.35	MCD	McDonalds Sell-off Trend	Pair Corr
0.34	DD	Dupont De Nemours Fiscal Year End 4th of February 2025	Pair Corr
0.31	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr

Related Correlations Analysis

	TEGAX	PGRTX	EIPIX	FGTZX	NEAIX	MMDEX	TFAGX	FRAAX
TEGAX		0.93	0.94	0.88	0.79	0.92	0.96	0.92	TEGAX
PGRTX	0.93		0.9	0.93	0.79	0.91	0.96	0.94	PGRTX
EIPIX	0.94	0.9		0.81	0.69	0.81	0.89	0.83	EIPIX
FGTZX	0.88	0.93	0.81		0.88	0.94	0.94	0.96	FGTZX
NEAIX	0.79	0.79	0.69	0.88		0.79	0.79	0.81	NEAIX
MMDEX	0.92	0.91	0.81	0.94	0.79		0.98	0.98	MMDEX
TFAGX	0.96	0.96	0.89	0.94	0.79	0.98		0.98	TFAGX
FRAAX	0.92	0.94	0.83	0.96	0.81	0.98	0.98		FRAAX
	TEGAX	PGRTX	EIPIX	FGTZX	NEAIX	MMDEX	TFAGX	FRAAX

Click cells to compare fundamentals

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Risk-Adjusted Indicators

There is a big difference between Gmo Mutual Fund performing well and Gmo Emerging 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 Emerging'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
TEGAX	0.80	0.22	0.15	0.77	0.65	(0.92)	1.98	(1.30)	6.24
PGRTX	0.85	0.03	0.07	0.12	0.85	(0.95)	1.77	(1.62)	6.75
EIPIX	0.62	0.10	0.06	0.34	0.61	(0.71)	1.26	(1.08)	3.55
FGTZX	0.40	0.02	(0.06)	0.13	0.34	(0.45)	1.00	(0.72)	2.63
NEAIX	1.03	0.15	0.08	0.57	0.88	(1.18)	2.19	(1.59)	6.71
MMDEX	0.64	0.10	0.07	0.25	0.64	(0.69)	1.64	(1.37)	5.19
TFAGX	0.49	0.06	0.05	0.18	0.40	(0.57)	1.06	(1.00)	4.02
FRAAX	0.69	0.06	0.04	0.17	0.81	(0.70)	1.44	(1.30)	5.06

Gmo Emerging Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Gmo Emerging mutual fund to make a market-neutral strategy. Peer analysis of Gmo Emerging could also be used in its relative valuation, which is a method of valuing Gmo Emerging by comparing valuation metrics with similar companies.

Mid Cap Growth Smallcap Growth Fund Eip Growth And Ftfa Franklin Templeton Growth Needham Aggressive Growth Praxis Growth Index Tfa Alphagen Growth Franklin Growth Opportunities American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup SentinelOne CVS Health Corp

Risk & Return

Correlation

Still Interested in Gmo Emerging Markets?

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