Gqg Partners Correlations
GQEPX Fund | USD 21.79 0.01 0.05% |
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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Gqg Partners moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Gqg Partners Select moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Good diversification
The correlation between Gqg Partners Select and NYA is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Gqg Partners Select and NYA in the same portfolio, assuming nothing else is changed.
Gqg |
The ability to find closely correlated positions to Gqg Partners could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Gqg Partners when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Gqg Partners - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Gqg Partners Select to buy it.
Moving together with Gqg Mutual Fund
1.0 | GQERX | Gqg Partners Select | PairCorr |
0.61 | GQGRX | Gqg Partners Emerg | PairCorr |
0.9 | GQRPX | Gqg Partners Global | PairCorr |
0.9 | GQRRX | Gqg Partners Global | PairCorr |
0.9 | VTSAX | Vanguard Total Stock | PairCorr |
0.9 | VFIAX | Vanguard 500 Index | PairCorr |
0.91 | VTSMX | Vanguard Total Stock | PairCorr |
0.9 | VITSX | Vanguard Total Stock | PairCorr |
0.9 | VSMPX | Vanguard Total Stock | PairCorr |
0.9 | VSTSX | Vanguard Total Stock | PairCorr |
0.9 | VFINX | Vanguard 500 Index | PairCorr |
0.9 | VFFSX | Vanguard 500 Index | PairCorr |
0.9 | VINIX | Vanguard Institutional | PairCorr |
0.9 | VIIIX | Vanguard Institutional | PairCorr |
0.74 | CGLIX | Calvert Global Equity | PairCorr |
Moving against Gqg Mutual Fund
0.9 | UIPIX | Ultrashort Mid Cap | PairCorr |
0.75 | USPSX | Profunds Ultrashort | PairCorr |
0.74 | USPIX | Profunds Ultrashort | PairCorr |
Related Correlations Analysis
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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 | ||
---|---|---|---|---|---|---|---|---|---|---|
VTSMX | 0.61 | 0.06 | (0.02) | 0.58 | 0.65 | 1.14 | 3.62 | |||
VSMPX | 0.62 | 0.06 | (0.02) | 0.55 | 0.65 | 1.20 | 3.62 | |||
VSTSX | 0.62 | 0.06 | (0.01) | 0.55 | 0.65 | 1.20 | 3.62 | |||
VFINX | 0.60 | 0.06 | (0.02) | 0.52 | 0.60 | 1.20 | 3.69 | |||
VIIIX | 0.61 | 0.06 | (0.02) | 0.50 | 0.62 | 1.20 | 3.68 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Gqg Partners without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Already Invested in Gqg Partners Select?
The danger of trading Gqg Partners Select is mainly related to its market volatility and Mutual Fund specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Gqg Partners is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Gqg Partners. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Gqg Partners Select is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
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 tightly coupled with the direction of predictive economic indicators such as signals in american community survey. You can also try the Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.