Guardian Fundamental Correlations

GFGEX Fund

USD 14.10 0.01 0.07%

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

Very weak diversification

The correlation between Guardian Fundamental Global and DJI is 0.54 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Guardian Fundamental Global 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 Guardian Fundamental Global. 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 income.

Moving together with Guardian Mutual Fund

0.65	DIVGX	Guardian Dividend Growth	Pair Corr
0.81	FNFPX	American Funds New	Pair Corr
0.81	FFPNX	American Funds New	Pair Corr
0.88	NPFCX	New Perspective	Pair Corr
0.88	ANWPX	New Perspective	Pair Corr
0.88	NPFFX	New Perspective	Pair Corr
0.88	CNPAX	New Perspective	Pair Corr
0.88	CNPEX	New Perspective	Pair Corr
0.88	CNPFX	New Perspective	Pair Corr
0.88	CNPCX	New Perspective	Pair Corr
0.88	RNPAX	New Perspective	Pair Corr
0.64	VTSAX	Vanguard Total Stock	Pair Corr
0.62	VFIAX	Vanguard 500 Index	Pair Corr
0.64	VTSMX	Vanguard Total Stock	Pair Corr
0.64	VSMPX	Vanguard Total Stock	Pair Corr
0.64	VSTSX	Vanguard Total Stock	Pair Corr
0.64	VITSX	Vanguard Total Stock	Pair Corr
0.67	VFINX	Vanguard 500 Index	Pair Corr
0.67	VFFSX	Vanguard 500 Index	Pair Corr
0.64	GCPYX	Gateway Equity Call	Pair Corr
0.8	FSBCX	Federated Global All	Pair Corr
0.69	VWENX	Vanguard Wellington	Pair Corr
0.84	MFJBX	Mfs Lifetime 2060	Pair Corr
0.67	PREIX	T Rowe Price	Pair Corr
0.87	MSTSX	Morningstar Unconstrained	Pair Corr
0.73	RRTLX	T Rowe Price	Pair Corr
0.63	VBIAX	Vanguard Balanced Index	Pair Corr
0.64	FSKAX	Fidelity Total Market	Pair Corr
0.63	SMVLX	Smead Value Fund	Pair Corr
0.68	CGFFX	Growth Fund	Pair Corr
0.64	TRLCX	Tiaa-cref Large-cap	Pair Corr
0.86	PGAIX	Pimco Global Multi	Pair Corr
0.68	FFIDX	Fidelity Fund Fidelity	Pair Corr

Related Correlations Analysis

	DIVGX	GFGEX	AMEIX	PCF	FIKHX	EQTYX	FMSGX	ANCIX	VIGAX	JPYRX
DIVGX		0.65	0.31	0.29	0.31	0.39	0.67	0.29	0.34	0.76	DIVGX
GFGEX	0.65		0.61	0.68	0.58	0.01	0.82	0.48	0.61	0.84	GFGEX
AMEIX	0.31	0.61		0.85	0.97	-0.43	0.55	0.88	0.96	0.73	AMEIX
PCF	0.29	0.68	0.85		0.77	-0.28	0.55	0.72	0.84	0.73	PCF
FIKHX	0.31	0.58	0.97	0.77		-0.51	0.53	0.83	0.93	0.67	FIKHX
EQTYX	0.39	0.01	-0.43	-0.28	-0.51		-0.15	-0.21	-0.42	0.06	EQTYX
FMSGX	0.67	0.82	0.55	0.55	0.53	-0.15		0.34	0.59	0.83	FMSGX
ANCIX	0.29	0.48	0.88	0.72	0.83	-0.21	0.34		0.87	0.68	ANCIX
VIGAX	0.34	0.61	0.96	0.84	0.93	-0.42	0.59	0.87		0.77	VIGAX
JPYRX	0.76	0.84	0.73	0.73	0.67	0.06	0.83	0.68	0.77		JPYRX
	DIVGX	GFGEX	AMEIX	PCF	FIKHX	EQTYX	FMSGX	ANCIX	VIGAX	JPYRX

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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

FIKHX	+ 0.97	AMEIX
VIGAX	+ 0.96	AMEIX
VIGAX	+ 0.93	FIKHX
ANCIX	+ 0.88	AMEIX
VIGAX	+ 0.87	ANCIX
PCF	+ 0.85	AMEIX

High negative correlations

EQTYX	- 0.51	FIKHX
EQTYX	- 0.43	AMEIX
VIGAX	- 0.42	EQTYX
EQTYX	- 0.28	PCF
ANCIX	- 0.21	EQTYX
FMSGX	- 0.15	EQTYX

Risk-Adjusted Indicators

There is a big difference between Guardian Mutual Fund performing well and Guardian Fundamental 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 Fundamental'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
AMEIX	0.56	0.10	(0.03)	(6.78)	0.69	(0.61)	1.12	(1.55)	3.88
PCF	0.39	0.05	(0.11)	0.51	0.34	(0.47)	0.90	(0.89)	2.10
FIKHX	1.01	0.10	(0.02)	24.46	1.59	(0.92)	1.82	(2.57)	6.73
EQTYX	0.42	0.00	(0.16)	0.14	0.39	(0.61)	1.11	(0.91)	2.53
FMSGX	0.44	(0.01)	(0.15)	0.10	0.52	(0.47)	0.86	(1.00)	2.45
ANCIX	0.78	(0.04)	(0.04)	0.09	0.75	(0.88)	2.09	(1.21)	3.94
VIGAX	0.70	0.03	0.01	0.16	0.93	(0.66)	1.64	(2.01)	5.18
JPYRX	0.40	(0.02)	(0.15)	0.08	0.47	(0.44)	0.77	(1.03)	2.34

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