Grandeur Peak Correlations
| GPGCX Etf | USD 17.13 0.11 0.65% |
The current 90-days correlation between Grandeur Peak Global and Grandeur Peak Global is 0.83 (i.e., Very poor 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 Global and DJI is 0.56 (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 Global and DJI in the same portfolio, assuming nothing else is changed.
Grandeur |
Moving together with Grandeur Etf
| 0.84 | GUSYX | Grandeur Peak Stalwarts | PairCorr |
| 0.61 | GGSYX | Grandeur Peak Global | PairCorr |
| 0.7 | GPRIX | Grandeur Peak Global | PairCorr |
| 0.69 | GPROX | Grandeur Peak Global | PairCorr |
| 0.76 | XOVR | SPDR BOFA MERRILL Symbol Change | PairCorr |
| 0.75 | FDV | First Trust Capital | PairCorr |
| 0.71 | BCHP | EGSHARES BLUE CHIP | PairCorr |
| 0.78 | TRFM | ETF Series Solutions | PairCorr |
| 0.75 | TECB | iShares Tech Breakthrough | PairCorr |
| 0.76 | JAVA | JPMorgan Active Value | PairCorr |
| 0.91 | GRID | First Trust NASDAQ | PairCorr |
| 0.72 | ARKQ | ARK Autonomous Technology Low Volatility | PairCorr |
| 0.81 | VOO | Vanguard SP 500 | PairCorr |
Related Correlations Analysis
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Grandeur Peak Constituents Risk-Adjusted Indicators
There is a big difference between Grandeur Etf performing well and Grandeur Peak ETF 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| GGSOX | 0.73 | (0.13) | 0.00 | (0.02) | 0.00 | 1.47 | 5.51 | |||
| GGSYX | 0.72 | (0.12) | 0.00 | (0.02) | 0.00 | 1.51 | 5.49 | |||
| GISOX | 0.70 | (0.19) | 0.00 | (0.18) | 0.00 | 1.42 | 4.98 | |||
| GISYX | 0.71 | (0.19) | 0.00 | (0.18) | 0.00 | 1.40 | 4.98 | |||
| GPEIX | 0.52 | (0.12) | 0.00 | (0.31) | 0.00 | 1.17 | 3.19 | |||
| GPEOX | 0.52 | (0.12) | 0.00 | (0.33) | 0.00 | 1.10 | 3.15 | |||
| GPGIX | 0.68 | (0.13) | 0.00 | (0.07) | 0.00 | 1.64 | 4.07 | |||
| GPGOX | 0.66 | (0.14) | 0.00 | (0.08) | 0.00 | 1.42 | 3.90 | |||
| GPIIX | 0.63 | (0.17) | 0.00 | (0.23) | 0.00 | 1.21 | 3.83 |