Gmo Trust Correlations

Mutual Funds . USA . 
Fund . Gmo Trust
GMOYX Fund   12.74  0.04  0.31%   
The current 90-days correlation between Gmo Trust and Blackrock Sm Cap is 0.09 (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

Good diversification

The correlation between Gmo Trust and DJI is -0.02 (i.e., Good 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 Risk vs Return Analysis 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 manufacturing.

Moving together with Gmo Mutual Fund

  0.9GEACX Gmo TrustPairCorr
  0.89GEMEX Gmo Emerging MarketsPairCorr
  0.89GEMMX Gmo Emerging MarketsPairCorr
  0.85GEMNX Gmo Emerging MarketsPairCorr
  0.71GWOAX Gmo Global DevelopedPairCorr
  0.85IOVFX Gmo InternationalPairCorr
  0.86GIEAX Gmo International EquityPairCorr
  0.73GIMFX Gmo ImplementationPairCorr
  0.68GIOTX Gmo InternationalPairCorr
  0.75GMAZX Gmo InternationalPairCorr
  0.81GMADX Gmo Global EquityPairCorr
  0.68GMAQX Gmo Emerging MarketsPairCorr
  0.75GMAUX Gmo Emerging MarketsPairCorr
  0.76GMCFX Gmo International EquityPairCorr
  0.85GMEMX Gmo Emerging MarketsPairCorr
  0.83GMGEX Gmo Global EquityPairCorr
  0.89GMOEX Gmo Emerging MarketsPairCorr
  0.76GMOIX Gmo International EquityPairCorr
  0.77GMOOX Gmo Global AssetPairCorr
  0.76GMOUX Gmo International EquityPairCorr
  0.91GMOWX Gmo ResourcesPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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.

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