Grandeur Peak Correlations

GPEOX Fund  USD 12.30  0.01  0.08%   
The current 90-days correlation between Grandeur Peak Emerging and General Money Market is 0.18 (i.e., Average 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

Average diversification

The correlation between Grandeur Peak Emerging and DJI is 0.11 (i.e., Average 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

  0.78VEMAX Vanguard Emerging MarketsPairCorr
  0.78VEIEX Vanguard Emerging MarketsPairCorr
  0.77VEMIX Vanguard Emerging MarketsPairCorr
  0.77VEMRX Vanguard Emerging MarketsPairCorr
  0.91FWWNX American Funds NewPairCorr
  0.91FNFWX American Funds NewPairCorr
  0.91NEWFX New World FundPairCorr
  0.91NWFFX New World FundPairCorr
  0.92NEWCX New World FundPairCorr
  0.95ODVYX Oppenheimer DevelopingPairCorr
  0.8BTMPX Ishares Msci EafePairCorr
  0.8BTMKX Blackrock InternationalPairCorr
  0.8MDIIX Blackrock Intern IndexPairCorr
  0.74PFE Pfizer Inc Fiscal Year End 4th of February 2025 PairCorr
  0.63MCD McDonalds Fiscal Year End 3rd of February 2025 PairCorr
  0.7DD Dupont De Nemours Fiscal Year End 4th of February 2025 PairCorr

Moving against Grandeur Mutual Fund

  0.73COGVX Cognios Large CapPairCorr
  0.72SPMPX Invesco Steelpath MlpPairCorr
  0.72MLPNX Oppenheimer Steelpath MlpPairCorr
  0.72MLPMX Oppenheimer Steelpath MlpPairCorr
  0.72SPMJX Invesco Steelpath MlpPairCorr
  0.63FSMMX Fs Multi StrategyPairCorr
  0.69JPM JPMorgan Chase Fiscal Year End 10th of January 2025 PairCorr
  0.6WMT WalmartPairCorr
  0.52CVX Chevron Corp Fiscal Year End 7th of February 2025 PairCorr
  0.4CSCO Cisco SystemsPairCorr
  0.4PG Procter GamblePairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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   
POIXXFRQXX
FRQXXGMBXX
POIXXGMBXX
STSEXFMVUX
FMVUXFRQXX
POIXXFMVUX
  
High negative correlations   
PBMXXSTSEX
PBMXXAEYXX
STSEXAEYXX
PBMXXPOIXX
AEYXXPOIXX
PBMXXFMVUX

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.