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 0.15 (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 Global and DJI is 0.15 (i.e., Average 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

  0.67GGSYX Grandeur Peak GlobalPairCorr
  0.93GISYX Grandeur Peak InternPairCorr
  0.68GPEIX Grandeur Peak EmergingPairCorr
  0.62GPEOX Grandeur Peak EmergingPairCorr
  1.0GPGIX Grandeur Peak GlobalPairCorr
  0.89GPMCX Grandeur Peak GlobalPairCorr
  0.81GPRIX Grandeur Peak GlobalPairCorr
  0.84VGTSX Vanguard Total InterPairCorr
  0.77VTIAX Vanguard Total InterPairCorr
  0.76MMM 3M Company Fiscal Year End 28th of January 2025 PairCorr

Moving against Grandeur Mutual Fund

  0.47VTSAX Vanguard Total StockPairCorr
  0.47VTSMX Vanguard Total StockPairCorr
  0.47VSTSX Vanguard Total StockPairCorr
  0.47VITSX Vanguard Total StockPairCorr
  0.46VFIAX Vanguard 500 IndexPairCorr
  0.44VFINX Vanguard 500 IndexPairCorr
  0.42VSMPX Vanguard Total StockPairCorr
  0.66JPM JPMorgan Chase Fiscal Year End 10th of January 2025 PairCorr
  0.66TRV The Travelers Companies Fiscal Year End 17th of January 2025 PairCorr
  0.64BAC Bank of America Fiscal Year End 10th of January 2025 PairCorr
  0.58CVX Chevron Corp Fiscal Year End 7th of February 2025 PairCorr
  0.52DIS Walt DisneyPairCorr
  0.48AA Alcoa Corp Fiscal Year End 15th of January 2025 PairCorr
  0.4VFFSX Vanguard 500 IndexPairCorr
  0.33HPQ HP IncPairCorr

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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QCMMIXSTSEX
SMAAXSTSEX
AEYXXSTSEX
PFCXXSTSEX
  
High negative correlations   
QCMMIXSMAAX
SMAAXCHNTX
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ICAXXAEYXX
PFCXXAEYXX
ICAXXQCMMIX

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.