Guardian Dividend Correlations

DIVGX Fund

USD 16.88 0.09 0.54%

The current 90-days correlation between Guardian Dividend Growth and Guardian Fundamental Global is 0.68 (i.e., Poor diversification). The correlation of Guardian Dividend 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.

Guardian Dividend Correlation With Market

Poor diversification

The correlation between Guardian Dividend Growth and DJI is 0.74 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Guardian Dividend Growth and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Guardian Dividend Growth. 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 price.

Moving together with Guardian Mutual Fund

0.65	GFGEX	Guardian Fundamental	Pair Corr
0.78	MDLOX	Blackrock Gbl Alloc	Pair Corr
0.79	PGAIX	Pimco Global Multi	Pair Corr
0.84	TSMLX	Tiaa Cref Lifestyle	Pair Corr
0.69	RRTLX	T Rowe Price	Pair Corr
0.68	MFJBX	Mfs Lifetime 2060	Pair Corr
0.78	SMVLX	Smead Value Fund	Pair Corr
0.75	FSBCX	Federated Global All	Pair Corr

Moving against Guardian Mutual Fund

0.37

PFHCX

Pacific Funds Small

Pair Corr

Related Correlations Analysis

	DIVGX	GFGEX	FSKAX	TBDQX	RYRUX	CLM	LEZAX	TRLCX	FSBCX	AIO
DIVGX		0.65	0.38	0.49	0.25	0.04	0.6	0.41	0.75	0.35	DIVGX
GFGEX	0.65		0.64	0.69	0.48	0.42	0.79	0.64	0.8	0.65	GFGEX
FSKAX	0.38	0.64		0.97	0.89	0.92	0.84	0.97	0.76	0.96	FSKAX
TBDQX	0.49	0.69	0.97		0.83	0.84	0.86	0.9	0.8	0.92	TBDQX
RYRUX	0.25	0.48	0.89	0.83		0.87	0.77	0.89	0.68	0.87	RYRUX
CLM	0.04	0.42	0.92	0.84	0.87		0.65	0.9	0.49	0.91	CLM
LEZAX	0.6	0.79	0.84	0.86	0.77	0.65		0.82	0.84	0.82	LEZAX
TRLCX	0.41	0.64	0.97	0.9	0.89	0.9	0.82		0.76	0.95	TRLCX
FSBCX	0.75	0.8	0.76	0.8	0.68	0.49	0.84	0.76		0.7	FSBCX
AIO	0.35	0.65	0.96	0.92	0.87	0.91	0.82	0.95	0.7		AIO
	DIVGX	GFGEX	FSKAX	TBDQX	RYRUX	CLM	LEZAX	TRLCX	FSBCX	AIO

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Risk-Adjusted Indicators

There is a big difference between Guardian Mutual Fund performing well and Guardian Dividend 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 Guardian Dividend'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
DIVGX	0.49	(0.06)	(0.17)	0.02	0.60	(0.53)	0.89	(1.11)	2.59
GFGEX	0.42	(0.01)	(0.17)	0.11	0.42	(0.47)	0.80	(0.78)	3.01
FSKAX	0.57	0.01	0.00	0.14	0.66	(0.61)	1.10	(1.30)	4.12
TBDQX	0.74	(0.01)	(0.01)	0.12	1.10	(0.68)	1.67	(2.39)	5.04
RYRUX	1.84	0.24	0.07	0.92	1.95	(1.95)	4.16	(3.30)	15.20
CLM	0.58	0.26	0.33	0.58	0.00	(0.84)	1.75	(0.76)	2.82
LEZAX	0.52	0.04	(0.11)	(6.69)	0.64	(0.58)	1.10	(0.96)	3.27
TRLCX	0.51	(0.01)	(0.06)	0.11	0.41	(0.58)	1.09	(0.88)	3.68
FSBCX	0.36	(0.03)	(0.18)	0.06	0.45	(0.37)	0.75	(0.85)	2.09
AIO	0.82	0.16	0.12	0.34	0.81	(0.94)	2.06	(1.38)	4.42

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