Grandeur Peak Correlations

GPGOX Fund

USD 3.53 0.01 0.28%

The current 90-days correlation between Grandeur Peak Global and Qs Global Equity is 0.05 (i.e., Significant 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 0.11 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Grandeur Peak 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

0.66	GGSYX	Grandeur Peak Global	Pair Corr
0.88	GISYX	Grandeur Peak Intern	Pair Corr
0.71	GPEIX	Grandeur Peak Emerging	Pair Corr
0.71	GPEOX	Grandeur Peak Emerging	Pair Corr
0.93	GPGIX	Grandeur Peak Global	Pair Corr
0.81	GPMCX	Grandeur Peak Global	Pair Corr
0.71	GPRIX	Grandeur Peak Global	Pair Corr
0.81	BISMX	Brandes International	Pair Corr

Moving against Grandeur Mutual Fund

0.6	LSHEX	Kinetics Spin Off	Pair Corr
0.59	LSHUX	Horizon Spin Off	Pair Corr
0.65	JPM	JPMorgan Chase Fiscal Year End 10th of January 2025	Pair Corr
0.59	LSHAX	Horizon Spin Off	Pair Corr
0.58	CLM	Cornerstone Strategic Sell-off Trend	Pair Corr
0.56	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr
0.55	T	ATT Inc Aggressive Push	Pair Corr
0.53	DIS	Walt Disney	Pair Corr
0.51	CVX	Chevron Corp Fiscal Year End 7th of February 2025	Pair Corr
0.51	WMT	Walmart Aggressive Push	Pair Corr
0.4	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr
0.37	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr

Related Correlations Analysis

	SMYIX	WRLDX	AGAZX	GWOAX	LFLCX	CABIX	MSTGX
SMYIX		0.89	0.61	0.46	-0.34	0.36	0.16	SMYIX
WRLDX	0.89		0.59	0.58	-0.06	0.5	0.48	WRLDX
AGAZX	0.61	0.59		0.79	-0.04	0.57	0.18	AGAZX
GWOAX	0.46	0.58	0.79		0.44	0.8	0.61	GWOAX
LFLCX	-0.34	-0.06	-0.04	0.44		0.59	0.78	LFLCX
CABIX	0.36	0.5	0.57	0.8	0.59		0.67	CABIX
MSTGX	0.16	0.48	0.18	0.61	0.78	0.67		MSTGX
	SMYIX	WRLDX	AGAZX	GWOAX	LFLCX	CABIX	MSTGX

Click cells to compare fundamentals

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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

WRLDX	+ 0.89	SMYIX
CABIX	+ 0.8	GWOAX
GWOAX	+ 0.79	AGAZX
MSTGX	+ 0.78	LFLCX
MSTGX	+ 0.67	CABIX
AGAZX	+ 0.61	SMYIX

High negative correlations

LFLCX	- 0.34	SMYIX
LFLCX	- 0.06	WRLDX
LFLCX	- 0.04	AGAZX

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
SMYIX	0.52	0.06	0.03	0.21	0.46	(0.58)	1.47	(1.19)	3.19
WRLDX	0.48	(0.03)	(0.16)	0.07	0.45	(0.56)	0.92	(0.97)	2.75
AGAZX	0.30	(0.03)	(0.30)	0.04	0.29	(0.36)	0.64	(0.46)	2.03
GWOAX	0.53	(0.05)	(0.14)	0.05	0.62	(0.56)	0.93	(1.09)	2.94
LFLCX	0.18	(0.01)	(0.52)	(0.21)	0.19	(0.22)	0.32	(0.32)	1.16
CABIX	0.30	0.04	(0.20)	1.42	0.30	(0.34)	0.57	(0.63)	1.86
MSTGX	0.22	(0.03)	(0.43)	0.00	0.22	(0.31)	0.53	(0.42)	1.17

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