Grandeur Peak Correlations

GPGOX Fund  USD 3.55  0.02  0.57%   
The current 90-days correlation between Grandeur Peak Global and Blackrock Exchange Portfolio is 0.34 (i.e., Weak 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

Very weak diversification

The correlation between Grandeur Peak Global and DJI is 0.54 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Grandeur Peak Global 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 Global. 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

  0.76GGSYX Grandeur Peak GlobalPairCorr
  0.93GISYX Grandeur Peak InternPairCorr
  0.68GPEIX Grandeur Peak EmergingPairCorr
  0.62GPEOX Grandeur Peak EmergingPairCorr
  1.0GPGIX Grandeur Peak GlobalPairCorr
  0.9GPMCX Grandeur Peak GlobalPairCorr
  0.79GPRIX Grandeur Peak GlobalPairCorr
  0.84VGTSX Vanguard Total InterPairCorr
  0.84VTIAX Vanguard Total InterPairCorr
  0.63DD Dupont De Nemours Fiscal Year End 4th of February 2025 PairCorr
  0.83MMM 3M Company Fiscal Year End 28th of January 2025 PairCorr

Moving against Grandeur Mutual Fund

  0.36VITSX Vanguard Total StockPairCorr
  0.35VFIAX Vanguard 500 IndexPairCorr
  0.35VFINX Vanguard 500 IndexPairCorr
  0.34VTSAX Vanguard Total StockPairCorr
  0.34VTSMX Vanguard Total StockPairCorr
  0.34VSMPX Vanguard Total StockPairCorr
  0.34VSTSX Vanguard Total StockPairCorr
  0.63JPM JPMorgan Chase Fiscal Year End 10th of January 2025 PairCorr
  0.6BAC Bank of America Fiscal Year End 10th of January 2025 PairCorr
  0.6TRV The Travelers Companies Fiscal Year End 17th of January 2025 PairCorr
  0.54CVX Chevron Corp Fiscal Year End 7th of February 2025 PairCorr
  0.5DIS Walt DisneyPairCorr
  0.41AA Alcoa Corp Fiscal Year End 15th of January 2025 PairCorr
  0.32VFFSX Vanguard 500 IndexPairCorr

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   
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High negative correlations   
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SMAAXCHNTX
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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.