Gmo Opportunistic Correlations
| GAAAX Fund | USD 24.14 0.00 0.00% |
The current 90-days correlation between Gmo Opportunistic Income and Calvert High Yield is 0.24 (i.e., Modest diversification). The correlation of Gmo Opportunistic 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 Opportunistic Correlation With Market
Average diversification
The correlation between Gmo Opportunistic Income and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Gmo Opportunistic Income and DJI in the same portfolio, assuming nothing else is changed.
Gmo |
Moving together with Gmo Mutual Fund
| 0.99 | GMODX | Gmo Opportunistic Income | PairCorr |
| 0.99 | GMOHX | Gmo Opportunistic Income | PairCorr |
| 0.99 | GMOLX | Gmo Opportunistic Income | PairCorr |
Related Correlations Analysis
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Risk-Adjusted Indicators
There is a big difference between Gmo Mutual Fund performing well and Gmo Opportunistic 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 Opportunistic'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| CYBAX | 0.10 | 0.01 | (0.78) | (4.99) | 0.00 | 0.24 | 0.73 | |||
| APDFX | 0.11 | 0.04 | (0.52) | (0.85) | 0.00 | 0.33 | 0.90 | |||
| SIHSX | 0.11 | 0.02 | (0.79) | (1.11) | 0.00 | 0.30 | 0.70 | |||
| PHDTX | 0.09 | 0.02 | (0.58) | 2.78 | 0.00 | 0.23 | 0.56 | |||
| WAHSX | 0.13 | 0.03 | (0.46) | (2.73) | 0.00 | 0.43 | 0.86 | |||
| RHMYX | 0.24 | 0.05 | (0.15) | (0.24) | 0.33 | 0.53 | 1.98 | |||
| CBSYX | 0.32 | (0.01) | (0.20) | 0.08 | 0.36 | 0.62 | 1.85 |