Gqg Partners Correlations

GQGIX Fund

USD 16.98 0.07 0.41%

The current 90-days correlation between Gqg Partners Emerg and Gqg Partners Global is -0.2 (i.e., Good 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

Modest diversification

The correlation between Gqg Partners Emerg and DJI is 0.29 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Gqg Partners Emerg 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 Gqg Partners Emerg. 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 Gqg Mutual Fund

0.85	GQFIX	Gqg Partners Global	Pair Corr
0.85	GQFPX	Gqg Partners Global	Pair Corr
1.0	GQGPX	Gqg Partners Emerg	Pair Corr
0.9	GQJIX	Gqg Partners Interna	Pair Corr
0.91	GQJPX	Gqg Partners Interna	Pair Corr
0.63	NEWFX	New World Fund	Pair Corr
0.63	NWFFX	New World Fund	Pair Corr
0.64	NEWCX	New World Fund	Pair Corr
0.68	ODVYX	Oppenheimer Developing	Pair Corr

Moving against Gqg Mutual Fund

0.67	GQEIX	Gqg Partners Select	Pair Corr
0.82	KINCX	Kinetics Internet	Pair Corr
0.8	KMKCX	Kinetics Market Oppo	Pair Corr
0.8	KNPAX	Kinetics Paradigm Steady Growth	Pair Corr
0.79	WWNPX	Kinetics Paradigm Steady Growth	Pair Corr
0.79	KNPCX	Kinetics Paradigm Steady Growth	Pair Corr
0.79	LSHUX	Horizon Spin Off Steady Growth	Pair Corr
0.77	KSCYX	Kinetics Small Cap	Pair Corr
0.77	KSOCX	Kinetics Small Cap	Pair Corr
0.77	KSCOX	Kinetics Small Cap	Pair Corr
0.67	AMGOX	Alger Mid Cap	Pair Corr
0.58	RYMDX	Mid Cap 15x	Pair Corr
0.56	TRLCX	Tiaa-cref Large-cap	Pair Corr
0.56	VFIAX	Vanguard 500 Index	Pair Corr
0.45	LETRX	Voya Russia Fund	Pair Corr
0.45	TAAIX	Thrivent Aggressive	Pair Corr

Related Correlations Analysis

	GQFIX	GQFPX	GQEIX	GQHIX	GQHPX	GQGIX	GQGPX	GQRIX
GQFIX		1.0	-0.75	0.0	0.01	0.85	0.85	0.1	GQFIX
GQFPX	1.0		-0.75	0.0	0.01	0.85	0.85	0.1	GQFPX
GQEIX	-0.75	-0.75		0.55	0.53	-0.67	-0.67	0.48	GQEIX
GQHIX	0.0	0.0	0.55		1.0	-0.05	-0.05	0.69	GQHIX
GQHPX	0.01	0.01	0.53	1.0		-0.05	-0.04	0.68	GQHPX
GQGIX	0.85	0.85	-0.67	-0.05	-0.05		1.0	0.28	GQGIX
GQGPX	0.85	0.85	-0.67	-0.05	-0.04	1.0		0.28	GQGPX
GQRIX	0.1	0.1	0.48	0.69	0.68	0.28	0.28		GQRIX
	GQFIX	GQFPX	GQEIX	GQHIX	GQHPX	GQGIX	GQGPX	GQRIX

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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

GQFPX	+ 1.0	GQFIX
GQHPX	+ 1.0	GQHIX
GQGPX	+ 1.0	GQGIX
GQGIX	+ 0.85	GQFIX
GQGPX	+ 0.85	GQFIX
GQGIX	+ 0.85	GQFPX

High negative correlations

GQEIX	- 0.75	GQFPX
GQEIX	- 0.75	GQFIX
GQGPX	- 0.67	GQEIX
GQGIX	- 0.67	GQEIX
GQGIX	- 0.05	GQHPX
GQGPX	- 0.05	GQHIX

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
GQFIX	0.43	(0.08)	0.00	3.03	0.00	0.00	0.67	(1.08)	2.94
GQFPX	0.43	(0.08)	0.00	3.46	0.00	0.00	0.75	(1.16)	2.98
GQEIX	0.52	0.05	(0.04)	0.26	0.37	(0.60)	1.29	(0.89)	2.82
GQHIX	0.41	0.01	(0.15)	0.16	0.47	(0.42)	0.77	(0.83)	1.89
GQHPX	0.40	0.01	(0.16)	0.15	0.47	(0.40)	0.76	(0.83)	1.75
GQGIX	0.65	(0.17)	0.00	(0.24)	0.00	0.00	0.84	(1.38)	7.54
GQGPX	0.64	(0.17)	0.00	(0.24)	0.00	0.00	0.79	(1.39)	7.53
GQRIX	0.54	(0.03)	(0.15)	0.06	0.64	(0.60)	1.02	(1.17)	3.36

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