Gmo Trust Correlations

UUOAX Fund   21.52  0.10  0.47%   
The current 90-days correlation between Gmo Trust and Gmo E Plus is 0.14 (i.e., Average diversification). The correlation of Gmo Trust 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.

Gmo Trust Correlation With Market

Average diversification

The correlation between Gmo Trust and DJI is 0.14 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Gmo Trust and DJI in the same portfolio, assuming nothing else is changed.
  
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Gmo Trust . 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 nation.

Moving together with Gmo Mutual Fund

  1.0GUSOX Gmo TrustPairCorr
  0.61IOVFX Gmo InternationalPairCorr
  0.65GHVIX Gmo High YieldPairCorr
  0.68GMAWX Gmo Small CapPairCorr
  0.68GMAYX Gmo Small CapPairCorr
  0.61GMAZX Gmo InternationalPairCorr
  0.73GMAEX Gmo Quality CyclicalsPairCorr
  0.77GMAOX Gmo TrustPairCorr
  0.89GMDFX Gmo Emerging CountryPairCorr
  0.94GMCDX Gmo Emerging NtryPairCorr
  0.95GMCQX Gmo Equity AllocationPairCorr
  1.0PPADX Gmo TrustPairCorr
  0.95PPAJX Gmo Opportunistic ValuePairCorr
  0.89GMOQX Gmo Emerging CountryPairCorr

Moving against Gmo Mutual Fund

  0.39GMOHX Gmo Opportunistic IncomePairCorr

Related Correlations Analysis

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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   
GEMNXGEMEX
GEMMXGEMEX
GEMNXGEMMX
IOVFXGEACX
GEMEXGEACX
GEMMXGEACX
  
High negative correlations   
GHVIXGUSTX
IOVFXGUSTX
GWOAXGUSTX
GEMNXGUSTX
GEMMXGUSTX
GEMEXGUSTX

Risk-Adjusted Indicators

There is a big difference between Gmo Mutual Fund performing well and Gmo Trust 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 Gmo Trust'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
GUGAX  0.31 (0.14) 0.00 (0.42) 0.00 
 0.33 
 5.58 
GUSOX  0.71 (0.16) 0.00 (0.61) 0.00 
 1.21 
 12.81 
GUSTX  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
GEACX  1.07 (0.18) 0.00  5.67  0.00 
 1.80 
 6.79 
GEMEX  0.64 (0.10) 0.00 (3.85) 0.00 
 1.24 
 4.49 
GEMMX  0.64 (0.12) 0.00 (0.53) 0.00 
 1.25 
 5.35 
GEMNX  0.66 (0.10) 0.00 (7.14) 0.00 
 1.23 
 4.52 
GWOAX  0.52 (0.06) 0.00 (0.07) 0.00 
 0.93 
 4.16 
IOVFX  0.68 (0.24) 0.00 (0.92) 0.00 
 0.92 
 9.51 
GHVIX  0.28 (0.14) 0.00 (0.21) 0.00 
 0.22 
 8.13