Gqg Partners Correlations

GQEIX Fund

USD 25.28 0.24 0.96%

The current 90-days correlation between Gqg Partners Select and Gqg Partners Global is 0.3 (i.e., Weak diversification). The correlation of Gqg Partners 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.

Gqg Partners Correlation With Market

Very weak diversification

The correlation between Gqg Partners Select and DJI is 0.47 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Gqg Partners Select 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 Gqg Partners Select. 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 gross domestic product.

Moving together with GQG Mutual Fund

0.9	VTSAX	Vanguard Total Stock	Pair Corr
0.87	VFIAX	Vanguard 500 Index	Pair Corr
0.9	VTSMX	Vanguard Total Stock	Pair Corr
0.9	VITSX	Vanguard Total Stock	Pair Corr
0.9	VSMPX	Vanguard Total Stock	Pair Corr
0.9	VSTSX	Vanguard Total Stock	Pair Corr
0.87	VFINX	Vanguard 500 Index	Pair Corr
0.89	VFFSX	Vanguard 500 Index	Pair Corr
0.89	VINIX	Vanguard Institutional	Pair Corr
0.89	VIIIX	Vanguard Institutional	Pair Corr
0.81	TSWHX	Tswhgyldbdinstl	Pair Corr
0.82	IGIVX	Integrity Growth Income	Pair Corr
0.85	GMCQX	Gmo Equity Allocation	Pair Corr
0.89	VLISX	Vanguard Large Cap	Pair Corr
0.72	TRNEX	T Rowe Price	Pair Corr
0.61	MSTZX	Massmutual Premier	Pair Corr
0.75	FAAIX	Fidelity Asset Manager	Pair Corr
0.83	PSYPX	Palmer Square Income	Pair Corr
0.87	RMBKX	Rmb Mendon Financial Potential Growth	Pair Corr
0.61	TRGLX	T Rowe Price	Pair Corr
0.92	MLPFX	Oppenheimer Steelpath Mlp	Pair Corr
0.87	WCPSX	Mobile Telecommunicatio Steady Growth	Pair Corr
0.85	AZNAX	Allianzgi Income Growth	Pair Corr

Moving against GQG Mutual Fund

0.73	GQJIX	Gqg Partners Interna	Pair Corr
0.73	GQJPX	Gqg Partners Interna	Pair Corr
0.71	GQFIX	Gqg Partners Global	Pair Corr
0.71	GQFPX	Gqg Partners Global	Pair Corr
0.68	GQGIX	Gqg Partners Emerg	Pair Corr
0.68	GQGPX	Gqg Partners Emerg	Pair Corr
0.38	VTISX	Vanguard Total Inter	Pair Corr
0.38	VTSNX	Vanguard Total Inter	Pair Corr
0.38	VTPSX	Vanguard Total Inter	Pair Corr

Related Correlations Analysis

	GQFIX	GQFPX	GQEIX	GQHIX	GQHPX	GQGIX	GQGPX	GQJIX	GQJPX	GQRIX
GQFIX		1.0	-0.71	0.05	0.06	0.89	0.89	0.98	0.98	0.09	GQFIX
GQFPX	1.0		-0.71	0.05	0.06	0.89	0.89	0.98	0.98	0.09	GQFPX
GQEIX	-0.71	-0.71		0.59	0.57	-0.68	-0.68	-0.73	-0.73	0.58	GQEIX
GQHIX	0.05	0.05	0.59		1.0	-0.09	-0.09	-0.03	-0.03	0.72	GQHIX
GQHPX	0.06	0.06	0.57	1.0		-0.09	-0.09	-0.02	-0.02	0.72	GQHPX
GQGIX	0.89	0.89	-0.68	-0.09	-0.09		1.0	0.91	0.91	0.15	GQGIX
GQGPX	0.89	0.89	-0.68	-0.09	-0.09	1.0		0.91	0.91	0.15	GQGPX
GQJIX	0.98	0.98	-0.73	-0.03	-0.02	0.91	0.91		1.0	0.07	GQJIX
GQJPX	0.98	0.98	-0.73	-0.03	-0.02	0.91	0.91	1.0		0.06	GQJPX
GQRIX	0.09	0.09	0.58	0.72	0.72	0.15	0.15	0.07	0.06		GQRIX
	GQFIX	GQFPX	GQEIX	GQHIX	GQHPX	GQGIX	GQGPX	GQJIX	GQJPX	GQRIX

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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

GQFPX	+ 1.0	GQFIX
GQHPX	+ 1.0	GQHIX
GQGPX	+ 1.0	GQGIX
GQJPX	+ 1.0	GQJIX
GQJIX	+ 0.98	GQFIX
GQJPX	+ 0.98	GQFIX

High negative correlations

GQJPX	- 0.73	GQEIX
GQJIX	- 0.73	GQEIX
GQEIX	- 0.71	GQFPX
GQEIX	- 0.71	GQFIX
GQGPX	- 0.68	GQEIX
GQGIX	- 0.68	GQEIX

Risk-Adjusted Indicators

There is a big difference between GQG Mutual Fund performing well and Gqg Partners 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 Gqg Partners' 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
GQFIX	0.44	(0.10)	0.00	(0.50)	0.00	0.00	0.70	(1.08)	2.94
GQFPX	0.44	(0.11)	0.00	(0.47)	0.00	0.00	0.75	(1.16)	2.98
GQEIX	0.52	0.06	0.00	0.25	0.36	(0.61)	1.29	(0.89)	2.82
GQHIX	0.41	(0.01)	(0.16)	0.05	0.52	(0.40)	0.77	(0.89)	1.89
GQHPX	0.40	(0.02)	(0.16)	0.05	0.52	(0.38)	0.76	(0.84)	1.75
GQGIX	0.66	(0.13)	0.00	(0.20)	0.00	0.00	0.88	(1.38)	7.54
GQGPX	0.65	(0.13)	0.00	(0.20)	0.00	0.00	0.83	(1.39)	7.53
GQJIX	0.44	(0.09)	0.00	(0.50)	0.00	0.00	0.79	(1.20)	2.59
GQJPX	0.43	(0.09)	0.00	(0.52)	0.00	0.00	0.79	(1.20)	2.61
GQRIX	0.55	(0.02)	(0.11)	0.06	0.63	(0.62)	1.02	(1.17)	3.36

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