Gqg Partners Correlations

GQJPX Fund

USD 10.24 0.01 0.1%

The current 90-days correlation between Gqg Partners Interna and Aqr Diversified Arbitrage is 0.13 (i.e., Average 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 International and DJI is 0.21 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Gqg Partners International 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 International. 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 american community survey.

Moving together with Gqg Mutual Fund

0.95	GQFIX	Gqg Partners Global	Pair Corr
0.95	GQFPX	Gqg Partners Global	Pair Corr
0.91	GQGIX	Gqg Partners Emerg	Pair Corr
0.91	GQGPX	Gqg Partners Emerg	Pair Corr
1.0	GQJIX	Gqg Partners Interna	Pair Corr
0.86	OANIX	Oakmark International	Pair Corr
0.86	OAKIX	Oakmark International	Pair Corr
0.8	OAYIX	Oakmark International	Pair Corr
0.86	OAZIX	Oakmark International	Pair Corr
0.88	FINVX	Fidelity Series Inte	Pair Corr
0.78	VTRIX	Vanguard International	Pair Corr
0.93	RRIGX	T Rowe Price	Pair Corr
0.65	USPSX	Profunds Ultrashort	Pair Corr
0.67	USPIX	Profunds Ultrashort	Pair Corr
0.71	UIPIX	Ultrashort Mid Cap	Pair Corr

Moving against Gqg Mutual Fund

0.75	GQEIX	Gqg Partners Select	Pair Corr
0.91	CLM	Cornerstone Strategic	Pair Corr
0.88	SMAPX	Salient Mlp Energy	Pair Corr
0.87	FTCAX	Templeton Strained Bond	Pair Corr
0.75	PYARX	Payden Absolute Return	Pair Corr
0.75	BCAAX	Brandywineglobal C	Pair Corr
0.74	VFIAX	Vanguard 500 Index	Pair Corr
0.73	CSQ	Calamos Strategic Total	Pair Corr
0.72	VFINX	Vanguard 500 Index	Pair Corr
0.72	CGFFX	Growth Fund	Pair Corr
0.68	PYAIX	Payden Absolute Return	Pair Corr
0.4	FSELX	Fidelity Select Semi	Pair Corr
0.84	BFTHX	Baron Fifth Avenue	Pair Corr
0.82	FHCOX	Federated Hermes Con	Pair Corr

Related Correlations Analysis

	QDARX	ADX	DTICX	CFAIX	EVFCX	XHNWX
QDARX		-0.37	0.37	0.28	0.28	0.19	QDARX
ADX	-0.37		-0.38	-0.1	0.16	-0.09	ADX
DTICX	0.37	-0.38		0.7	0.64	0.73	DTICX
CFAIX	0.28	-0.1	0.7		0.83	0.58	CFAIX
EVFCX	0.28	0.16	0.64	0.83		0.63	EVFCX
XHNWX	0.19	-0.09	0.73	0.58	0.63		XHNWX
	QDARX	ADX	DTICX	CFAIX	EVFCX	XHNWX

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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

EVFCX	+ 0.83	CFAIX
XHNWX	+ 0.73	DTICX
CFAIX	+ 0.7	DTICX
EVFCX	+ 0.64	DTICX
XHNWX	+ 0.63	EVFCX
XHNWX	+ 0.58	CFAIX

High negative correlations

DTICX	- 0.38	ADX
ADX	- 0.37	QDARX
CFAIX	- 0.1	ADX
XHNWX	- 0.09	ADX

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
QDARX	0.11	(0.02)	0.00	1.95	0.00	0.00	0.16	(0.24)	0.73
ADX	0.64	(0.01)	(0.03)	0.12	0.80	(0.66)	1.35	(1.20)	3.44
DTICX	0.07	(0.01)	(0.81)	(0.33)	0.04	(0.15)	0.13	(0.13)	0.64
CFAIX	0.24	(0.02)	(0.37)	0.05	0.24	(0.26)	0.44	(0.49)	1.26
EVFCX	0.16	0.00	(0.53)	0.17	0.12	(0.21)	0.40	(0.31)	1.12
XHNWX	0.14	0.00	(0.35)	0.85	0.22	(0.16)	0.31	(0.46)	1.38

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