Grant Park Correlations
GPANX Fund | USD 10.62 0.03 0.28% |
The current 90-days correlation between Grant Park Multi and Grant Park Multi is 1.0 (i.e., No risk reduction). The correlation of Grant Park 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.
Grant Park Correlation With Market
Weak diversification
The correlation between Grant Park Multi and DJI is 0.34 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Grant Park Multi and DJI in the same portfolio, assuming nothing else is changed.
Grant |
Moving together with Grant Mutual Fund
1.0 | GPAAX | Grant Park Multi | PairCorr |
1.0 | GPACX | Grant Park Multi | PairCorr |
1.0 | GPAIX | Grant Park Multi | PairCorr |
0.74 | PQTAX | Pimco Trends Managed | PairCorr |
0.73 | PQTNX | Pimco Trends Managed | PairCorr |
0.64 | AHLPX | American Beacon Ahl | PairCorr |
0.94 | AMFNX | Asg Managed Futures | PairCorr |
0.88 | ABYCX | Abbey Capital Futures | PairCorr |
0.83 | ABYAX | Abbey Capital Futures | PairCorr |
0.79 | ABYIX | Abbey Capital Futures | PairCorr |
0.94 | AMFAX | Asg Managed Futures | PairCorr |
0.94 | ASFYX | Asg Managed Futures | PairCorr |
0.9 | PFHCX | Pacific Funds Small | PairCorr |
0.74 | VEMBX | Vanguard Emerging Markets | PairCorr |
0.66 | KO | Coca Cola Fiscal Year End 11th of February 2025 | PairCorr |
0.75 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
Moving against Grant Mutual Fund
0.49 | ACP | Aberdeen Income Credit | PairCorr |
0.48 | ELFNX | Elfun Trusts Elfun | PairCorr |
0.65 | CSCO | Cisco Systems | PairCorr |
0.63 | AA | Alcoa Corp Fiscal Year End 15th of January 2025 | PairCorr |
0.57 | BAC | Bank of America Fiscal Year End 10th of January 2025 | PairCorr |
0.56 | HPQ | HP Inc | PairCorr |
0.53 | TRV | The Travelers Companies Fiscal Year End 17th of January 2025 | PairCorr |
0.43 | CAT | Caterpillar Sell-off Trend | PairCorr |
0.42 | AXP | American Express Fiscal Year End 24th of January 2025 | PairCorr |
0.36 | T | ATT Inc Fiscal Year End 22nd of January 2025 | PairCorr |
0.33 | HD | Home Depot | PairCorr |
Related Correlations Analysis
1.0 | 0.63 | 0.94 | -0.3 | GPAIX | ||
1.0 | 0.63 | 0.94 | -0.31 | GPAAX | ||
0.63 | 0.63 | 0.64 | -0.19 | BAMBX | ||
0.94 | 0.94 | 0.64 | -0.09 | AMFAX | ||
-0.3 | -0.31 | -0.19 | -0.09 | QSPNX | ||
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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 Grant Mutual Fund performing well and Grant Park 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 Grant Park'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 | ||
---|---|---|---|---|---|---|---|---|---|---|
GPAIX | 0.36 | (0.05) | 0.00 | (0.17) | 0.00 | 0.65 | 2.28 | |||
GPAAX | 0.36 | (0.06) | 0.00 | (0.16) | 0.00 | 0.67 | 2.31 | |||
BAMBX | 0.17 | (0.02) | 0.00 | (0.16) | 0.00 | 0.38 | 0.85 | |||
AMFAX | 0.42 | (0.06) | 0.00 | (0.06) | 0.00 | 0.79 | 2.43 | |||
QSPNX | 0.51 | 0.02 | (0.09) | 0.32 | 0.61 | 1.14 | 3.53 |