Grandeur Peak Correlations

GPEOX Fund  USD 12.17  0.09  0.75%   
The current 90-days correlation between Grandeur Peak Emerging and Dreyfusstandish Global Fixed is -0.04 (i.e., Good diversification). The correlation of Grandeur Peak 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.

Grandeur Peak Correlation With Market

Significant diversification

The correlation between Grandeur Peak Emerging and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Grandeur Peak Emerging 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 Grandeur Peak Emerging. 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 persons.

Moving together with Grandeur Mutual Fund

  0.73VEMAX Vanguard Emerging MarketsPairCorr
  0.78VEIEX Vanguard Emerging MarketsPairCorr
  0.78VEMIX Vanguard Emerging MarketsPairCorr
  0.78VEMRX Vanguard Emerging MarketsPairCorr
  0.89FWWNX American Funds NewPairCorr
  0.89FNFWX American Funds NewPairCorr
  0.91NEWFX New World FundPairCorr
  0.91NWFFX New World FundPairCorr
  0.92NEWCX New World FundPairCorr
  0.95ODVYX Oppenheimer DevelopingPairCorr
  0.74PDI Pimco Dynamic IncomePairCorr
  0.72PFE Pfizer Inc Fiscal Year End 4th of February 2025 PairCorr
  0.66MCD McDonalds Fiscal Year End 3rd of February 2025 PairCorr

Moving against Grandeur Mutual Fund

  0.55FTCAX Templeton Strained BondPairCorr
  0.36PREIX T Rowe PricePairCorr
  0.33BCAAX Brandywineglobal CPairCorr
  0.63DIS Walt DisneyPairCorr
  0.46T ATT Inc Aggressive PushPairCorr
  0.45CVX Chevron Corp Fiscal Year End 7th of February 2025 PairCorr

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   
FLDFXDIVHX
DODFXTOIIX
GMCOXSDGIX
AUUIXDIVHX
FLDFXAUUIX
GMCOXDODFX
  
High negative correlations   
AUUIXGMCOX
GMCOXDIVHX
FLDFXGMCOX
AUUIXSDGIX
DIVHXSDGIX
FLDFXSDGIX

Risk-Adjusted Indicators

There is a big difference between Grandeur Mutual Fund performing well and Grandeur Peak 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 Grandeur Peak'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.