Conservative Allocation Correlations

GCAYX Fund

USD 11.64 0.00 0.00%

The current 90-days correlation between Conservative Allocation and Limited Term Tax is 0.09 (i.e., Significant diversification). The correlation of Conservative Allocation 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.

Conservative Allocation Correlation With Market

Poor diversification

The correlation between Conservative Allocation Fund and DJI is 0.67 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Conservative Allocation Fund 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 Conservative Allocation Fund. 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 manufacturing.

Moving together with Conservative Mutual Fund

0.88	GCOZX	Growth Allocation	Pair Corr
0.68	GDMYX	Defensive Market Str	Pair Corr
0.68	GDMZX	Defensive Market Str	Pair Corr
0.62	GVIYX	Guidestone Value Equity	Pair Corr
0.62	GVIZX	Guidestone Value Equity	Pair Corr
0.61	GEQYX	Equity Index Institu	Pair Corr
0.61	GEQZX	Equity Index Investor	Pair Corr
1.0	GFIZX	Conservative Allocation	Pair Corr
0.79	GGBZX	Aggressive Allocation	Pair Corr
0.99	GGIZX	Balanced Allocation	Pair Corr
0.87	GGRYX	Growth Allocation	Pair Corr
0.85	GMFZX	Mydestination 2045	Pair Corr
0.83	GMEYX	Guidestone Funds Impact	Pair Corr
0.81	GMEZX	Guidestone Funds Impact	Pair Corr
0.92	GMHYX	Mydestination 2035	Pair Corr
0.92	GMHZX	Mydestination 2035	Pair Corr
0.83	GMGYX	Mydestination 2055	Pair Corr
0.83	GMGZX	Mydestination 2055	Pair Corr

Related Correlations Analysis

	LTXFX	GMOZX	MFIRX	CFNLX	CCD	MBSAX	TFBIX	HCHYX
LTXFX		0.25	0.68	0.98	0.31	0.78	0.93	0.7	LTXFX
GMOZX	0.25		0.69	0.17	0.51	0.56	0.41	0.48	GMOZX
MFIRX	0.68	0.69		0.65	0.37	0.85	0.71	0.78	MFIRX
CFNLX	0.98	0.17	0.65		0.17	0.79	0.92	0.72	CFNLX
CCD	0.31	0.51	0.37	0.17		0.29	0.22	0.33	CCD
MBSAX	0.78	0.56	0.85	0.79	0.29		0.75	0.9	MBSAX
TFBIX	0.93	0.41	0.71	0.92	0.22	0.75		0.65	TFBIX
HCHYX	0.7	0.48	0.78	0.72	0.33	0.9	0.65		HCHYX
	LTXFX	GMOZX	MFIRX	CFNLX	CCD	MBSAX	TFBIX	HCHYX

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Risk-Adjusted Indicators

There is a big difference between Conservative Mutual Fund performing well and Conservative Allocation 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 Conservative Allocation'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
LTXFX	0.09	0.01	(0.52)	0.00	0.11	(0.13)	0.20	(0.19)	0.78
GMOZX	0.13	0.01	(0.53)	0.18	0.00	(0.18)	0.28	(0.33)	0.72
MFIRX	0.10	0.01	(0.53)	(0.52)	0.00	(0.23)	0.19	(0.19)	0.76
CFNLX	0.12	0.01	(0.44)	(0.02)	0.17	(0.16)	0.22	(0.32)	1.13
CCD	0.75	(0.01)	(0.08)	0.11	0.90	(0.81)	1.88	(1.68)	4.88
MBSAX	0.21	(0.01)	(0.37)	0.09	0.22	(0.23)	0.37	(0.44)	1.25
TFBIX	0.16	0.03	(0.29)	(0.14)	0.19	(0.23)	0.40	(0.39)	1.58
HCHYX	0.19	(0.03)	(0.41)	0.00	0.22	(0.24)	0.41	(0.41)	1.36

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Conservative Allocation Correlations

Conservative Allocation Correlation With Market

Poor diversification

Moving together with Conservative Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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