Grant Park Correlations

Mutual Funds . USA . 
Fund . Grant Park Multi
GPAIX Fund  USD 10.73  0.03  0.28%   
The current 90-days correlation between Grant Park Multi and Dunham Large Cap is -0.06 (i.e., Good diversification). The correlation of Grant Park 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.

Grant Park Correlation With Market

Weak diversification

The correlation between Grant Park Multi and DJI is 0.31 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Grant Park Multi 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 Grant Park Multi. 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 gross domestic product.

Moving together with Grant Mutual Fund

  1.0GPAAX Grant Park MultiPairCorr
  1.0GPACX Grant Park MultiPairCorr
  0.79PQTAX Pimco Trends ManagedPairCorr
  0.79PQTNX Pimco Trends ManagedPairCorr
  0.63AHLPX American Beacon AhlPairCorr
  0.93AMFNX Asg Managed FuturesPairCorr
  0.89ABYCX Abbey Capital FuturesPairCorr
  0.88ABYAX Abbey Capital FuturesPairCorr
  0.88ABYIX Abbey Capital FuturesPairCorr
  0.93AMFAX Asg Managed FuturesPairCorr
  0.94ASFYX Asg Managed FuturesPairCorr
  0.78IIF Morgan Stanley IndiaPairCorr
  0.61IFN India ClosedPairCorr

Moving against Grant Mutual Fund

  0.54ETV Eaton Vance TaxPairCorr
  0.53ASG Liberty All StarPairCorr
  0.51CII Blackrock EnhancedPairCorr
  0.61CRF Cornerstone StrategicPairCorr
  0.6CLM Cornerstone StrategicPairCorr
  0.55FMILX Fidelity New MillenniumPairCorr
  0.54TRLGX T Rowe PricePairCorr
  0.52USA Liberty All StarPairCorr
  0.51ETY Eaton Vance TaxPairCorr
  0.48VEIPX Vanguard Equity IncomePairCorr
  0.48RSCCX Victory Rs SmallPairCorr
  0.46WWLAX Westwood Largecap ValuePairCorr
  0.45GMXIX Nationwide Mid CapPairCorr
  0.41APHFX Artisan High IncomePairCorr
  0.38WSMRX William Blair SmallPairCorr
  0.38APDOX Artisan Emerging MarketsPairCorr
  0.54SADIX Wells Fargo UltraPairCorr
  0.54FAGIX Fidelity Capital IncomePairCorr
  0.53VFIAX Vanguard 500 IndexPairCorr
  0.51VKSDX Virtus Kar SmallPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Grant Mutual Fund performing well and Grant Park 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 Grant Park'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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