Growth Equity Correlations

GGEZX Fund

USD 27.38 0.08 0.29%

The current 90-days correlation between Growth Equity Investor and Columbia Moderate Growth is 0.15 (i.e., Average diversification). The correlation of Growth Equity 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.

Growth Equity Correlation With Market

Significant diversification

The correlation between Growth Equity Investor and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Growth Equity Investor 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 Growth Equity Investor. 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 Growth Mutual Fund

0.65	GCOZX	Growth Allocation	Pair Corr
0.94	GDMYX	Defensive Market Str	Pair Corr
0.99	GDMZX	Defensive Market Str	Pair Corr
0.96	GVEYX	Value Equity Institu	Pair Corr
0.96	GVEZX	Value Equity Investor	Pair Corr
0.91	GVIYX	Guidestone Value Equity	Pair Corr
0.91	GVIZX	Guidestone Value Equity	Pair Corr
0.65	GEQYX	Equity Index Institu	Pair Corr
0.67	GFIZX	Conservative Allocation	Pair Corr
0.94	GFSYX	Strategic Alternatives	Pair Corr
0.92	GFSZX	Strategic Alternatives	Pair Corr
0.65	GGBZX	Aggressive Allocation	Pair Corr
0.61	GGBFX	Global Bond Fund	Pair Corr
1.0	GGEYX	Guidestone Fds Growth	Pair Corr
0.73	GGIZX	Balanced Allocation	Pair Corr
0.63	GGRYX	Growth Allocation	Pair Corr
0.84	GIEYX	International Equity	Pair Corr
0.88	GIEZX	International Equity	Pair Corr
0.88	GMFZX	Mydestination 2045	Pair Corr
0.94	GMEZX	Guidestone Funds Impact	Pair Corr
0.97	GMHYX	Mydestination 2035	Pair Corr
0.97	GMHZX	Mydestination 2035	Pair Corr
0.86	GMGYX	Mydestination 2055	Pair Corr
0.86	GMGZX	Mydestination 2055	Pair Corr
0.9	GMTYX	Mydestination 2015	Pair Corr

Moving against Growth Mutual Fund

0.7	GLDYX	Low Duration Bond	Pair Corr
0.68	GLDZX	Low Duration Bond	Pair Corr

Related Correlations Analysis

	CMATX	IRMPX	BIMPX	JLKSX	HBACX	FHRVX	JTSQX
CMATX		0.99	0.81	0.94	0.97	0.85	0.96	CMATX
IRMPX	0.99		0.84	0.93	0.98	0.87	0.95	IRMPX
BIMPX	0.81	0.84		0.76	0.82	0.95	0.77	BIMPX
JLKSX	0.94	0.93	0.76		0.92	0.85	0.96	JLKSX
HBACX	0.97	0.98	0.82	0.92		0.84	0.95	HBACX
FHRVX	0.85	0.87	0.95	0.85	0.84		0.86	FHRVX
JTSQX	0.96	0.95	0.77	0.96	0.95	0.86		JTSQX
	CMATX	IRMPX	BIMPX	JLKSX	HBACX	FHRVX	JTSQX

Click cells to compare fundamentals

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Risk-Adjusted Indicators

There is a big difference between Growth Mutual Fund performing well and Growth Equity 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 Growth Equity'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
CMATX	0.39	0.02	(0.07)	0.14	0.47	(0.47)	0.94	(0.67)	3.48
IRMPX	0.26	0.00	(0.13)	0.10	0.33	(0.33)	0.61	(0.60)	2.29
BIMPX	0.32	0.03	(0.10)	12.30	0.40	(0.37)	0.70	(0.62)	2.55
JLKSX	0.55	0.01	(0.04)	0.12	0.82	(0.59)	1.22	(1.05)	4.51
HBACX	0.37	0.03	(0.06)	0.20	0.52	(0.38)	0.79	(0.61)	2.93
FHRVX	0.27	0.01	(0.18)	0.40	0.35	(0.27)	0.65	(0.76)	2.12
JTSQX	0.51	0.01	(0.06)	0.12	0.72	(0.51)	1.15	(0.91)	3.95

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