Gqg Partners Correlations
| GQEPX Fund | USD 23.47 0.28 1.21% |
The current 90-days correlation between Gqg Partners Select and Sit Government Securities is 0.39 (i.e., Weak diversification). The correlation of Gqg Partners 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.
Gqg Partners Correlation With Market
Weak diversification
The correlation between Gqg Partners Select 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 Gqg Partners Select and DJI in the same portfolio, assuming nothing else is changed.
Gqg |
Moving together with Gqg Mutual Fund
| 1.0 | GQERX | Gqg Partners Select | PairCorr |
| 0.67 | VINIX | Vanguard Institutional | PairCorr |
| 0.66 | VIIIX | Vanguard Institutional | PairCorr |
| 0.84 | JHBCX | Jhancock Blue Chip | PairCorr |
| 0.8 | USA | Liberty All Star | PairCorr |
| 0.9 | JQLBX | Multimanager Lifestyle | PairCorr |
| 0.7 | LTMIX | Thornburg Limited Term | PairCorr |
| 0.86 | GSWPX | Goldman Sachs Smallmid | PairCorr |
| 0.76 | HCYAX | Direxion Hilton Tactical | PairCorr |
| 0.83 | ARTNX | Artisan Select Equity | PairCorr |
| 0.84 | JRODX | J Hancock Ii | PairCorr |
| 0.66 | VOLJX | Abr 7525 Volatility | PairCorr |
| 0.88 | FSBCX | Federated Global All | PairCorr |
Moving against Gqg Mutual Fund
| 0.42 | NTG | Tortoise Mlp Closed | PairCorr |
| 0.31 | TTP | Tortoise Pipeline And | PairCorr |
| 0.67 | DXKSX | Direxion Monthly 7 Potential Growth | PairCorr |
| 0.34 | SSAGX | Virtus Seix Government | PairCorr |
Related Correlations Analysis
| 0.86 | -0.15 | 0.18 | 0.0 | -0.16 | -0.23 | SNGYX | ||
| 0.86 | 0.01 | 0.31 | 0.0 | 0.03 | -0.04 | SMAAX | ||
| -0.15 | 0.01 | 0.85 | 0.0 | 0.96 | 0.56 | SSAGX | ||
| 0.18 | 0.31 | 0.85 | 0.0 | 0.86 | 0.32 | RFBAX | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | PBMXX | ||
| -0.16 | 0.03 | 0.96 | 0.86 | 0.0 | 0.57 | SIGVX | ||
| -0.23 | -0.04 | 0.56 | 0.32 | 0.0 | 0.57 | DVPXX | ||
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Correlation Matchups
Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.High positive correlations
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Gqg Mutual Fund performing well and Gqg Partners 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 Gqg Partners' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SNGYX | 0.17 | (0.02) | 0.00 | (0.59) | 0.00 | 0.40 | 1.18 | |||
| SMAAX | 0.16 | (0.03) | 0.00 | (0.71) | 0.00 | 0.20 | 1.40 | |||
| SSAGX | 0.05 | 0.01 | (0.15) | 0.73 | 0.00 | 0.10 | 0.51 | |||
| RFBAX | 0.08 | 0.00 | (0.13) | 0.00 | 0.00 | 0.20 | 0.79 | |||
| PBMXX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| SIGVX | 0.05 | 0.00 | (0.15) | 0.00 | 0.00 | 0.10 | 0.61 | |||
| DVPXX | 0.03 | 0.01 | 0.00 | (0.96) | 0.00 | 0.00 | 1.01 |