Guidestone Funds Correlations

GIIZX Fund

USD 11.66 0.07 0.60%

The current 90-days correlation between Guidestone Funds Int and Issachar Fund Class is 0.1 (i.e., Average diversification). The correlation of Guidestone Funds 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.

Guidestone Funds Correlation With Market

Modest diversification

The correlation between Guidestone Funds International and DJI is 0.2 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Guidestone Funds International 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 Guidestone Funds International. 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 Guidestone Mutual Fund

0.64	GCOZX	Growth Allocation	Pair Corr
0.84	GEMYX	Emerging Markets Equity	Pair Corr
0.84	GEMZX	Emerging Markets Equity	Pair Corr
0.63	GFIZX	Conservative Allocation	Pair Corr
0.63	GGBZX	Aggressive Allocation	Pair Corr
0.75	GGBEX	Global Bond Fund	Pair Corr
0.78	GGBFX	Global Bond Fund	Pair Corr
0.65	GGIZX	Balanced Allocation	Pair Corr
0.63	GGRYX	Growth Allocation	Pair Corr
0.67	GIEYX	International Equity	Pair Corr
0.69	GIEZX	International Equity	Pair Corr
0.94	GIIYX	International Equity	Pair Corr
0.68	GMDYX	Medium Duration Bond	Pair Corr
0.68	GMDZX	Medium Duration Bond	Pair Corr
0.73	GMBYX	Guidestone Funds	Pair Corr
0.7	GMBZX	Guidestone Funds	Pair Corr
0.61	GMFZX	Mydestination 2045	Pair Corr
0.61	GMEZX	Guidestone Funds Impact	Pair Corr
0.62	GMGYX	Mydestination 2055	Pair Corr
0.62	GMGZX	Mydestination 2055	Pair Corr

Moving against Guidestone Mutual Fund

0.31

GLDYX

Low Duration Bond

Pair Corr

Related Correlations Analysis

	LIOTX	PRDEX	LAVVX	TRSAX	VFFIX	RTOUX	PRNHX
LIOTX		0.0	0.81	0.71	0.35	0.81	0.85	LIOTX
PRDEX	0.0		0.0	0.0	0.0	0.0	0.0	PRDEX
LAVVX	0.81	0.0		0.71	0.18	0.87	0.88	LAVVX
TRSAX	0.71	0.0	0.71		0.05	0.86	0.84	TRSAX
VFFIX	0.35	0.0	0.18	0.05		0.01	0.09	VFFIX
RTOUX	0.81	0.0	0.87	0.86	0.01		0.95	RTOUX
PRNHX	0.85	0.0	0.88	0.84	0.09	0.95		PRNHX
	LIOTX	PRDEX	LAVVX	TRSAX	VFFIX	RTOUX	PRNHX

Click cells to compare fundamentals

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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

PRNHX	+ 0.95	RTOUX
PRNHX	+ 0.88	LAVVX
RTOUX	+ 0.87	LAVVX
RTOUX	+ 0.86	TRSAX
PRNHX	+ 0.85	LIOTX
PRNHX	+ 0.84	TRSAX

High negative correlations

PRNHX	- 0.0	PRDEX
RTOUX	- 0.0	PRDEX
VFFIX	- 0.0	PRDEX
TRSAX	- 0.0	PRDEX
LAVVX	- 0.0	PRDEX
PRDEX	- 0.0	LIOTX

Risk-Adjusted Indicators

There is a big difference between Guidestone Mutual Fund performing well and Guidestone Funds 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 Guidestone Funds' 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
LIOTX	0.89	0.05	0.03	0.11	1.25	(0.91)	2.13	(1.97)	6.56
PRDEX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
LAVVX	0.53	0.04	0.03	0.13	0.61	(0.64)	1.21	(0.78)	5.94
TRSAX	0.90	(0.04)	0.00	(0.11)	0.00	0.00	1.54	(2.26)	8.77
VFFIX	0.06	(0.01)	(0.16)	(0.51)	0.02	(0.15)	0.15	(0.15)	0.30
RTOUX	0.79	(0.02)	0.00	(0.02)	0.00	0.00	1.56	(1.46)	8.93
PRNHX	0.85	0.01	0.00	0.03	1.20	(0.85)	1.69	(1.60)	7.56

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