Grandeur Peak Correlations
GPGOX Fund | USD 3.52 0.02 0.57% |
The current 90-days correlation between Grandeur Peak Global and Grandeur Peak International is 0.92 (i.e., Almost no 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 0.58 (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.
Grandeur |
Moving together with Grandeur Mutual Fund
0.76 | GGSOX | Grandeur Peak Global | PairCorr |
0.76 | GGSYX | Grandeur Peak Global | PairCorr |
0.93 | GISOX | Grandeur Peak Intern | PairCorr |
0.93 | GISYX | Grandeur Peak Intern | PairCorr |
0.69 | GPEIX | Grandeur Peak Emerging | PairCorr |
0.63 | GPEOX | Grandeur Peak Emerging | PairCorr |
1.0 | GPGIX | Grandeur Peak Global | PairCorr |
0.94 | GPIIX | Grandeur Peak Intern | PairCorr |
0.94 | GPIOX | Grandeur Peak Intern | PairCorr |
0.85 | GPMCX | Grandeur Peak Global | PairCorr |
0.78 | GPRIX | Grandeur Peak Global | PairCorr |
0.7 | GPROX | Grandeur Peak Global | PairCorr |
0.72 | SICIX | Saat Servative Strategy | PairCorr |
Moving against Grandeur Mutual Fund
0.59 | LETRX | Voya Russia Fund | PairCorr |
0.59 | KNPAX | Kinetics Paradigm | PairCorr |
0.59 | WWNPX | Kinetics Paradigm | PairCorr |
0.59 | KNPCX | Kinetics Paradigm | PairCorr |
0.59 | KINCX | Kinetics Internet | PairCorr |
0.59 | KINAX | Kinetics Internet | PairCorr |
0.58 | KSCYX | Kinetics Small Cap | PairCorr |
0.58 | KSOCX | Kinetics Small Cap | PairCorr |
0.57 | KSCOX | Kinetics Small Cap | PairCorr |
0.57 | LSHUX | Horizon Spin Off | PairCorr |
0.4 | HADRX | Horizon Defined Risk | PairCorr |
0.32 | USA | Liberty All Star | PairCorr |
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
| High negative correlations
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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 | ||
---|---|---|---|---|---|---|---|---|---|---|
GISYX | 0.68 | (0.11) | 0.00 | (0.07) | 0.00 | 1.35 | 4.43 | |||
AQUI | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
MSTSX | 0.49 | 0.04 | (0.15) | (1.53) | 0.50 | 1.21 | 2.80 | |||
LBHIX | 0.10 | 0.01 | (0.49) | 0.65 | 0.00 | 0.24 | 0.71 | |||
VIASP | 0.75 | 0.10 | (0.04) | (1.68) | 1.10 | 2.28 | 7.18 | |||
RRTLX | 0.23 | 0.01 | (0.34) | 0.51 | 0.24 | 0.48 | 1.36 | |||
OSHDF | 39.65 | 23.28 | 0.00 | (0.87) | 0.00 | 0.00 | 1,329 | |||
70082LAB3 | 0.71 | 0.06 | (0.06) | 0.76 | 1.00 | 1.75 | 6.86 | |||
SITKF | 5.84 | 0.82 | 0.10 | 3.05 | 5.36 | 14.29 | 32.64 |