Defensive Market Correlations

GDMZX Fund

USD 11.93 0.03 0.25%

The current 90-days correlation between Defensive Market Str and Growth Allocation Fund is 0.61 (i.e., Poor 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

Significant diversification

The correlation between Defensive Market Strategies and DJI is 0.06 (i.e., Significant 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

0.62	GCOZX	Growth Allocation	Pair Corr
0.96	GDMYX	Defensive Market Str	Pair Corr
0.99	GVEYX	Value Equity Institu	Pair Corr
0.99	GVEZX	Value Equity Investor	Pair Corr
0.93	GVIYX	Guidestone Value Equity	Pair Corr
0.93	GVIZX	Guidestone Value Equity	Pair Corr
0.65	GFIZX	Conservative Allocation	Pair Corr
0.96	GFSYX	Strategic Alternatives	Pair Corr
0.95	GFSZX	Strategic Alternatives	Pair Corr
0.63	GGBZX	Aggressive Allocation	Pair Corr
0.62	GGBFX	Global Bond Fund	Pair Corr
0.98	GGEYX	Guidestone Fds Growth	Pair Corr
0.99	GGEZX	Growth Equity Investor	Pair Corr
0.71	GGIZX	Balanced Allocation	Pair Corr
0.65	GGRYX	Growth Allocation	Pair Corr
0.88	GIEYX	International Equity	Pair Corr
0.92	GIEZX	International Equity	Pair Corr
0.89	GMFZX	Mydestination 2045	Pair Corr
0.97	GMEYX	Guidestone Funds Impact	Pair Corr
0.97	GMEZX	Guidestone Funds Impact	Pair Corr
0.98	GMHYX	Mydestination 2035	Pair Corr
0.98	GMHZX	Mydestination 2035	Pair Corr
0.84	GMGYX	Mydestination 2055	Pair Corr
0.84	GMGZX	Mydestination 2055	Pair Corr

Moving against Defensive Mutual Fund

0.73	GLDYX	Low Duration Bond	Pair Corr
0.72	GLDZX	Low Duration Bond	Pair Corr

Related Correlations Analysis

	GCOZX	GDMYX	GDMZX	GVEYX	GVEZX	GVIYX	GVIZX	GEIYX	GEIZX	GEMYX
GCOZX		0.62	0.62	0.59	0.59	0.76	0.76	0.67	0.68	0.36	GCOZX
GDMYX	0.62		0.96	0.94	0.94	0.94	0.94	0.18	0.2	0.5	GDMYX
GDMZX	0.62	0.96		0.99	0.99	0.93	0.93	0.15	0.16	0.5	GDMZX
GVEYX	0.59	0.94	0.99		1.0	0.95	0.95	0.08	0.1	0.47	GVEYX
GVEZX	0.59	0.94	0.99	1.0		0.94	0.94	0.08	0.1	0.47	GVEZX
GVIYX	0.76	0.94	0.93	0.95	0.94		1.0	0.3	0.31	0.39	GVIYX
GVIZX	0.76	0.94	0.93	0.95	0.94	1.0		0.3	0.31	0.39	GVIZX
GEIYX	0.67	0.18	0.15	0.08	0.08	0.3	0.3		1.0	-0.17	GEIYX
GEIZX	0.68	0.2	0.16	0.1	0.1	0.31	0.31	1.0		-0.16	GEIZX
GEMYX	0.36	0.5	0.5	0.47	0.47	0.39	0.39	-0.17	-0.16		GEMYX
	GCOZX	GDMYX	GDMZX	GVEYX	GVEZX	GVIYX	GVIZX	GEIYX	GEIZX	GEMYX

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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

GVEZX	+ 1.0	GVEYX
GVIZX	+ 1.0	GVIYX
GEIZX	+ 1.0	GEIYX
GVEYX	+ 0.99	GDMZX
GVEZX	+ 0.99	GDMZX
GDMZX	+ 0.96	GDMYX

High negative correlations

GEMYX	- 0.17	GEIYX
GEMYX	- 0.16	GEIZX

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
GCOZX	0.42	0.00	(0.12)	0.13	0.60	(0.44)	0.86	(0.77)	3.19
GDMYX	0.44	(0.08)	0.00	(0.58)	0.00	0.00	0.76	(0.89)	7.31
GDMZX	0.44	(0.07)	0.00	(1.15)	0.00	0.00	0.73	(0.97)	7.24
GVEYX	0.64	(0.11)	0.00	(0.55)	0.00	0.00	1.13	(0.90)	11.17
GVEZX	0.64	(0.11)	0.00	(0.57)	0.00	0.00	1.13	(0.85)	11.18
GVIYX	0.62	(0.05)	0.00	(0.29)	0.00	0.00	1.24	(1.52)	7.60
GVIZX	0.63	(0.05)	0.00	(0.32)	0.00	0.00	1.24	(1.56)	7.59
GEIYX	0.92	0.08	(0.02)	(0.55)	1.27	(1.00)	2.01	(2.71)	6.01
GEIZX	0.92	0.07	(0.02)	(0.53)	1.26	(1.00)	2.07	(2.76)	6.01
GEMYX	0.62	(0.10)	0.00	(1.11)	0.00	0.00	1.33	(1.54)	3.25

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