Defensive Market Correlations

Mutual Funds . USA . 
Fund . Defensive Market Strategies
GDMZX Fund  USD 11.76  0.01  0.09%   
The current 90-days correlation between Defensive Market Str and Emerging Markets Equity is 0.58 (i.e., Very weak diversification). The correlation of Defensive Market 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.

Defensive Market Correlation With Market

Very poor diversification

The correlation between Defensive Market Strategies and DJI is 0.86 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Defensive Market Strategies 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 Defensive Market Strategies. 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 nation.

Moving together with Defensive Mutual Fund

  0.99GCOZX Growth AllocationPairCorr
  1.0GDMYX Defensive Market StrPairCorr
  0.98GVEYX Value Equity InstituPairCorr
  0.98GVEZX Value Equity InvestorPairCorr
  0.91GVIYX Guidestone Value EquityPairCorr
  0.91GVIZX Guidestone Value EquityPairCorr
  0.75GEMYX Emerging Markets EquityPairCorr
  0.75GEMZX Emerging Markets EquityPairCorr
  0.75GEQYX Equity Index InstituPairCorr
  0.84GEQZX Equity Index InvestorPairCorr
  0.98GFIZX Conservative AllocationPairCorr
  0.95GFSYX Strategic AlternativesPairCorr
  0.94GFSZX Strategic AlternativesPairCorr
  0.99GGBZX Aggressive AllocationPairCorr
  0.69GGBEX Global Bond FundPairCorr
  0.69GGBFX Global Bond FundPairCorr
  0.91GGEZX Growth Equity InvestorPairCorr
  0.99GGIZX Balanced AllocationPairCorr
  0.97GIEYX International EquityPairCorr
  0.97GIEZX International EquityPairCorr
  0.83GIIYX International EquityPairCorr
  0.83GIIZX Guidestone Funds IntPairCorr
  0.79GLDYX Low Duration BondPairCorr
  0.8GLDZX Low Duration BondPairCorr
  0.61GMDYX Medium Duration BondPairCorr
  0.93GMFZX Mydestination 2045PairCorr
  0.96GMHYX Mydestination 2035PairCorr
  0.96GMHZX Mydestination 2035PairCorr
  0.91GMGYX Mydestination 2055PairCorr
  0.91GMGZX Mydestination 2055PairCorr
  0.96GMTYX Mydestination 2015PairCorr
  0.96GMTZX Mydestination 2015PairCorr
  0.97GMWYX Mydestination 2025PairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Defensive Mutual Fund performing well and Defensive Market 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 Defensive Market'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.

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