Grandeur Peak Correlations

GPEOX Fund

USD 12.30 0.01 0.08%

The current 90-days correlation between Grandeur Peak Emerging and Heartland Value Fund is 0.12 (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

Modest diversification

The correlation between Grandeur Peak Emerging and DJI is 0.2 (i.e., Modest 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

0.85	GISOX	Grandeur Peak Intern	Pair Corr
0.85	GISYX	Grandeur Peak Intern	Pair Corr
1.0	GPEIX	Grandeur Peak Emerging	Pair Corr
0.7	GPGIX	Grandeur Peak Global	Pair Corr
0.71	GPGOX	Grandeur Peak Global	Pair Corr
0.81	GPIIX	Grandeur Peak Intern	Pair Corr
0.63	GPRIX	Grandeur Peak Global	Pair Corr
0.64	GPROX	Grandeur Peak Global	Pair Corr
0.72	VEMAX	Vanguard Emerging Markets	Pair Corr
0.76	VEIEX	Vanguard Emerging Markets	Pair Corr
0.76	VEMIX	Vanguard Emerging Markets	Pair Corr
0.76	VEMRX	Vanguard Emerging Markets	Pair Corr
0.88	FWWNX	American Funds New	Pair Corr
0.88	FNFWX	American Funds New	Pair Corr
0.9	NEWFX	New World Fund	Pair Corr
0.9	NWFFX	New World Fund	Pair Corr
0.9	NEWCX	New World Fund	Pair Corr
0.94	ODVYX	Oppenheimer Developing	Pair Corr

Moving against Grandeur Mutual Fund

0.33	GUSYX	Grandeur Peak Stalwarts	Pair Corr
0.61	KMKCX	Kinetics Market Oppo	Pair Corr
0.61	CLM	Cornerstone Strategic Sell-off Trend	Pair Corr
0.6	KNPAX	Kinetics Paradigm	Pair Corr
0.59	KNPCX	Kinetics Paradigm	Pair Corr
0.59	KNPYX	Kinetics Paradigm	Pair Corr
0.59	WWNPX	Kinetics Paradigm	Pair Corr
0.58	LSHUX	Horizon Spin Off	Pair Corr
0.56	KSCOX	Kinetics Small Cap	Pair Corr
0.56	KSOCX	Kinetics Small Cap	Pair Corr
0.55	KSCYX	Kinetics Small Cap	Pair Corr
0.52	FGRIX	Fidelity Growth Income	Pair Corr
0.49	VISGX	Vanguard Small Cap	Pair Corr
0.32	VFIAX	Vanguard 500 Index	Pair Corr
0.32	VFINX	Vanguard 500 Index	Pair Corr
0.31	FBALX	Fidelity Balanced	Pair Corr

Related Correlations Analysis

	HRTVX	LRSOX	UMPSX	ARSMX	ASVIX	SCYVX	UAPIX
HRTVX		0.96	0.94	0.97	0.95	0.95	0.98	HRTVX
LRSOX	0.96		0.97	0.98	0.99	0.99	0.94	LRSOX
UMPSX	0.94	0.97		0.98	0.98	0.98	0.94	UMPSX
ARSMX	0.97	0.98	0.98		0.98	0.98	0.95	ARSMX
ASVIX	0.95	0.99	0.98	0.98		1.0	0.93	ASVIX
SCYVX	0.95	0.99	0.98	0.98	1.0		0.94	SCYVX
UAPIX	0.98	0.94	0.94	0.95	0.93	0.94		UAPIX
	HRTVX	LRSOX	UMPSX	ARSMX	ASVIX	SCYVX	UAPIX

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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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
HRTVX	0.75	0.01	0.06	0.14	0.53	(0.85)	1.94	(1.09)	6.41
LRSOX	0.85	0.13	0.04	0.68	0.66	(1.04)	2.12	(1.24)	7.26
UMPSX	1.34	0.27	0.12	1.07	1.08	(1.55)	3.41	(2.16)	10.41
ARSMX	0.68	0.16	0.12	0.82	0.16	(0.96)	1.77	(0.91)	5.55
ASVIX	0.88	0.14	0.02	2.88	0.72	(1.05)	2.12	(1.36)	8.17
SCYVX	0.88	0.13	0.02	1.42	0.79	(1.03)	1.95	(1.45)	7.36
UAPIX	1.78	(0.05)	0.10	0.11	1.64	(1.97)	4.19	(3.24)	15.23

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