Strategic Alternatives Correlations

GFSZX Fund

USD 9.82 0.01 0.10%

The current 90-days correlation between Strategic Alternatives and Growth Allocation Fund is -0.09 (i.e., Good diversification). The correlation of Strategic Alternatives 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.

Strategic Alternatives Correlation With Market

Weak diversification

The correlation between Strategic Alternatives Fund and DJI is 0.35 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Strategic Alternatives 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 Strategic Alternatives 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 nation.

Moving together with Strategic Mutual Fund

0.82	GDMYX	Defensive Market Str	Pair Corr
0.81	GDMZX	Defensive Market Str	Pair Corr
0.84	GVEYX	Value Equity Institu	Pair Corr
0.83	GVEZX	Value Equity Investor	Pair Corr
0.85	GVIYX	Guidestone Value Equity	Pair Corr
0.85	GVIZX	Guidestone Value Equity	Pair Corr
0.8	GEIYX	Guidestone Growth Equity	Pair Corr
0.8	GEIZX	Guidestone Growth Equity	Pair Corr
0.81	GEQYX	Equity Index Institu	Pair Corr
0.81	GEQZX	Equity Index Investor	Pair Corr
0.96	GFSYX	Strategic Alternatives	Pair Corr
0.82	GGEYX	Guidestone Fds Growth	Pair Corr
0.82	GGEZX	Growth Equity Investor	Pair Corr

Moving against Strategic Mutual Fund

0.73	GIIYX	International Equity	Pair Corr
0.73	GIIZX	Guidestone Funds Int	Pair Corr
0.7	GGBEX	Global Bond Fund	Pair Corr
0.7	GGBFX	Global Bond Fund	Pair Corr
0.69	GMDYX	Medium Duration Bond	Pair Corr
0.66	GIEYX	International Equity	Pair Corr
0.62	GIEZX	International Equity	Pair Corr
0.38	GLDZX	Low Duration Bond	Pair Corr
0.71	GMBYX	Guidestone Funds	Pair Corr
0.7	GMBZX	Guidestone Funds	Pair Corr
0.69	GMDZX	Medium Duration Bond	Pair Corr
0.49	GREZX	Global Real Estate	Pair Corr
0.44	GREYX	Global Real Estate	Pair Corr

Related Correlations Analysis

	GCOZX	GDMYX	GDMZX	GVEYX	GVEZX	GVIYX	GVIZX	GEIYX	GEIZX	GEMYX
GCOZX		0.89	0.82	0.85	0.79	0.84	0.84	0.77	0.77	0.68	GCOZX
GDMYX	0.89		0.95	0.98	0.94	0.98	0.98	0.93	0.93	0.35	GDMYX
GDMZX	0.82	0.95		0.94	0.98	0.93	0.93	0.96	0.96	0.32	GDMZX
GVEYX	0.85	0.98	0.94		0.96	0.99	0.99	0.94	0.94	0.32	GVEYX
GVEZX	0.79	0.94	0.98	0.96		0.95	0.95	0.96	0.96	0.3	GVEZX
GVIYX	0.84	0.98	0.93	0.99	0.95		1.0	0.91	0.91	0.28	GVIYX
GVIZX	0.84	0.98	0.93	0.99	0.95	1.0		0.91	0.91	0.28	GVIZX
GEIYX	0.77	0.93	0.96	0.94	0.96	0.91	0.91		1.0	0.26	GEIYX
GEIZX	0.77	0.93	0.96	0.94	0.96	0.91	0.91	1.0		0.25	GEIZX
GEMYX	0.68	0.35	0.32	0.32	0.3	0.28	0.28	0.26	0.25		GEMYX
	GCOZX	GDMYX	GDMZX	GVEYX	GVEZX	GVIYX	GVIZX	GEIYX	GEIZX	GEMYX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

Risk-Adjusted Indicators

There is a big difference between Strategic Mutual Fund performing well and Strategic Alternatives 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 Strategic Alternatives' 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	0.41	(0.03)	(0.16)	0.06	0.46	(0.48)	0.91	(0.75)	2.44
GDMYX	0.31	0.00	(0.14)	0.12	0.30	(0.37)	0.72	(0.78)	2.05
GDMZX	0.30	0.05	(0.15)	2.10	0.27	(0.36)	0.65	(0.64)	1.90
GVEYX	0.51	0.02	(0.01)	0.14	0.34	(0.64)	1.06	(0.83)	3.56
GVEZX	0.51	0.11	(0.01)	(8.61)	0.37	(0.64)	1.12	(0.85)	3.61
GVIYX	0.48	0.02	(0.03)	0.14	0.22	(0.69)	1.10	(0.72)	3.51
GVIZX	0.47	0.02	(0.03)	0.14	0.18	(0.67)	1.14	(0.72)	3.51
GEIYX	0.67	0.11	0.00	2.04	0.78	(0.71)	1.66	(1.67)	5.10
GEIZX	0.67	0.11	0.00	2.59	0.80	(0.72)	1.69	(1.73)	5.16
GEMYX	0.75	(0.07)	0.00	(0.06)	0.00	0.00	1.43	(1.79)	5.33

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC