Grandeur Peak Correlations

GPEIX Fund

USD 12.26 0.03 0.24%

The current 90-days correlation between Grandeur Peak Emerging and Grandeur Peak Emerging is 1.0 (i.e., No risk reduction). 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

Weak diversification

The correlation between Grandeur Peak Emerging and DJI is 0.32 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Grandeur Peak Emerging 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 Emerging. 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 Grandeur Mutual Fund

0.73	GGSOX	Grandeur Peak Global	Pair Corr
0.73	GGSYX	Grandeur Peak Global	Pair Corr
0.81	GISOX	Grandeur Peak Intern	Pair Corr
0.81	GISYX	Grandeur Peak Intern	Pair Corr
1.0	GPEOX	Grandeur Peak Emerging	Pair Corr
0.69	GPGIX	Grandeur Peak Global	Pair Corr
0.69	GPGOX	Grandeur Peak Global	Pair Corr
0.76	GPIIX	Grandeur Peak Intern	Pair Corr
0.76	GPIOX	Grandeur Peak Intern	Pair Corr
0.76	GPRIX	Grandeur Peak Global	Pair Corr
0.76	GPROX	Grandeur Peak Global	Pair Corr
0.73	VEMAX	Vanguard Emerging Markets	Pair Corr
0.73	VEIEX	Vanguard Emerging Markets	Pair Corr
0.73	VEMIX	Vanguard Emerging Markets	Pair Corr
0.73	VEMRX	Vanguard Emerging Markets	Pair Corr
0.86	FWWNX	American Funds New	Pair Corr
0.87	FNFWX	American Funds New	Pair Corr
0.9	NEWFX	New World Fund	Pair Corr
0.9	NWFFX	New World Fund	Pair Corr
0.9	NEWCX	New World Fund	Pair Corr
0.93	ODVYX	Oppenheimer Developing	Pair Corr
0.73	IFN	India Closed	Pair Corr

Moving against Grandeur Mutual Fund

0.47	CLM	Cornerstone Strategic	Pair Corr
0.39	CRF	Cornerstone Strategic	Pair Corr

Related Correlations Analysis

	GPEOX	GPGOX	GPIIX	GPIOX	GGSOX	GGSYX	GPMCX	GPRIX
GPEOX		0.69	0.76	0.76	0.73	0.73	0.47	0.75	GPEOX
GPGOX	0.69		0.95	0.95	0.81	0.8	0.94	0.79	GPGOX
GPIIX	0.76	0.95		1.0	0.68	0.67	0.86	0.66	GPIIX
GPIOX	0.76	0.95	1.0		0.67	0.67	0.86	0.66	GPIOX
GGSOX	0.73	0.81	0.68	0.67		1.0	0.7	0.97	GGSOX
GGSYX	0.73	0.8	0.67	0.67	1.0		0.69	0.97	GGSYX
GPMCX	0.47	0.94	0.86	0.86	0.7	0.69		0.7	GPMCX
GPRIX	0.75	0.79	0.66	0.66	0.97	0.97	0.7		GPRIX
	GPEOX	GPGOX	GPIIX	GPIOX	GGSOX	GGSYX	GPMCX	GPRIX

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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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
GPEOX	0.51	(0.12)	(0.32)	1.00	(1.12)	2.76
GPGOX	0.67	(0.15)	(0.10)	1.42	(1.14)	3.63
GPIIX	0.63	(0.18)	(0.27)	1.21	(1.22)	3.83
GPIOX	0.64	(0.19)	(0.27)	1.21	(1.22)	3.59
GGSOX	0.73	(0.14)	(0.04)	1.47	(1.52)	4.15
GGSYX	0.73	(0.14)	(0.04)	1.51	(1.50)	4.09
GPMCX	0.55	(0.10)	(0.09)	1.17	(1.29)	3.07
GPRIX	0.55	(0.09)	(0.03)	1.08	(1.01)	3.27

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