Gqg Partners Correlations

GQFIX Fund

USD 11.44 0.04 0.35%

The current 90-days correlation between Gqg Partners Global and Gqg Partners Select 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

Modest diversification

The correlation between Gqg Partners Global and DJI is 0.22 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Gqg Partners 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 Gqg Partners 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 gross domestic product.

Moving together with Gqg Mutual Fund

1.0	GQFPX	Gqg Partners Global	Pair Corr
0.89	GQGIX	Gqg Partners Emerg	Pair Corr
0.89	GQGPX	Gqg Partners Emerg	Pair Corr
0.98	GQJIX	Gqg Partners Interna	Pair Corr
0.98	GQJPX	Gqg Partners Interna	Pair Corr
0.71	VGTSX	Vanguard Total Inter	Pair Corr
0.71	VTIAX	Vanguard Total Inter	Pair Corr

Moving against Gqg Mutual Fund

0.71	GQEIX	Gqg Partners Select	Pair Corr
0.44	BEGRX	Franklin Mutual Beacon	Pair Corr
0.86	FSCSX	Software And It	Pair Corr
0.77	VTSAX	Vanguard Total Stock	Pair Corr
0.77	VTSMX	Vanguard Total Stock	Pair Corr
0.77	VSMPX	Vanguard Total Stock	Pair Corr
0.77	VSTSX	Vanguard Total Stock	Pair Corr
0.77	VITSX	Vanguard Total Stock	Pair Corr
0.76	VFIAX	Vanguard 500 Index	Pair Corr
0.76	VFINX	Vanguard 500 Index	Pair Corr
0.75	VFFSX	Vanguard 500 Index	Pair Corr
0.75	DSPIX	Dreyfus Institutional	Pair Corr
0.75	VINIX	Vanguard Institutional	Pair Corr
0.74	UINQX	Usaa Nasdaq 100	Pair Corr
0.72	DFMAX	Davidson Multi Cap	Pair Corr
0.71	WWLAX	Westwood Largecap Value	Pair Corr
0.71	JAGTX	Janus Global Technology	Pair Corr
0.68	FMAGX	Fidelity Magellan	Pair Corr
0.63	PCVXX	Money Market Obligations	Pair Corr

Related Correlations Analysis

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

GQHPX	+ 1.0	GQHIX
GQGPX	+ 1.0	GQGIX
GQJPX	+ 1.0	GQJIX
GQJIX	+ 0.98	GQFIX
GQJPX	+ 0.98	GQFIX
GQJIX	+ 0.91	GQGIX

High negative correlations

GQJPX	- 0.73	GQEIX
GQJIX	- 0.73	GQEIX
GQEIX	- 0.71	GQFIX
GQGPX	- 0.68	GQEIX
GQGIX	- 0.68	GQEIX
GQGPX	- 0.09	GQHPX

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
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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