Guidestone Funds Correlations

GIIZX Fund

USD 11.98 0.07 0.59%

The current 90-days correlation between Guidestone Funds Int and Government Securities Fund is 0.18 (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

Weak diversification

The correlation between Guidestone Funds International and DJI is 0.39 (i.e., Weak 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

0.81	GGBEX	Global Bond Fund	Pair Corr
0.81	GGBFX	Global Bond Fund	Pair Corr
0.98	GIEYX	International Equity	Pair Corr
0.98	GIEZX	International Equity	Pair Corr
1.0	GIIYX	International Equity	Pair Corr
0.67	GLDYX	Low Duration Bond	Pair Corr
0.69	GLDZX	Low Duration Bond	Pair Corr
0.74	GMDYX	Medium Duration Bond	Pair Corr
0.73	GMDZX	Medium Duration Bond	Pair Corr
0.74	GMBYX	Guidestone Funds	Pair Corr
0.74	GMBZX	Guidestone Funds	Pair Corr

Moving against Guidestone Mutual Fund

0.81	GFSYX	Strategic Alternatives	Pair Corr
0.81	GFSZX	Strategic Alternatives	Pair Corr
0.55	GGEYX	Guidestone Fds Growth	Pair Corr
0.55	GGEZX	Growth Equity Investor	Pair Corr
0.53	GEIYX	Guidestone Growth Equity	Pair Corr
0.53	GEIZX	Guidestone Growth Equity	Pair Corr
0.52	GVEYX	Value Equity Institu	Pair Corr
0.51	GVEZX	Value Equity Investor	Pair Corr
0.51	GVIYX	Guidestone Value Equity	Pair Corr
0.51	GVIZX	Guidestone Value Equity	Pair Corr
0.5	GEQYX	Equity Index Institu	Pair Corr
0.5	GEQZX	Equity Index Investor	Pair Corr
0.46	GDMYX	Defensive Market Str	Pair Corr
0.46	GDMZX	Defensive Market Str	Pair Corr
0.55	GSCYX	Small Cap Equity	Pair Corr
0.55	GSCZX	Small Cap Equity	Pair Corr

Related Correlations Analysis

	UIGSX	BIGLX	GVPIX	TWACX	RYAQX	SMAAX	FRQXX
UIGSX		1.0	0.98	0.95	-0.97	0.89	-0.75	UIGSX
BIGLX	1.0		0.98	0.94	-0.97	0.89	-0.76	BIGLX
GVPIX	0.98	0.98		0.89	-1.0	0.82	-0.83	GVPIX
TWACX	0.95	0.94	0.89		-0.88	0.85	-0.62	TWACX
RYAQX	-0.97	-0.97	-1.0	-0.88		-0.81	0.84	RYAQX
SMAAX	0.89	0.89	0.82	0.85	-0.81		-0.53	SMAAX
FRQXX	-0.75	-0.76	-0.83	-0.62	0.84	-0.53		FRQXX
	UIGSX	BIGLX	GVPIX	TWACX	RYAQX	SMAAX	FRQXX

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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

BIGLX	+ 1.0	UIGSX
GVPIX	+ 0.98	UIGSX
GVPIX	+ 0.98	BIGLX
TWACX	+ 0.95	UIGSX
TWACX	+ 0.94	BIGLX
SMAAX	+ 0.89	UIGSX

High negative correlations

RYAQX	- 1.0	GVPIX
RYAQX	- 0.97	BIGLX
RYAQX	- 0.97	UIGSX
RYAQX	- 0.88	TWACX
FRQXX	- 0.83	GVPIX
SMAAX	- 0.81	RYAQX

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
UIGSX	0.18	(0.01)	0.00	0.36	0.00	0.00	0.34	(0.45)	1.03
BIGLX	0.23	(0.02)	0.00	0.54	0.00	0.00	0.33	(0.55)	1.44
GVPIX	0.81	(0.06)	0.00	0.30	0.00	0.00	1.61	(1.89)	5.20
TWACX	0.08	(0.01)	0.00	0.49	0.00	0.00	0.11	(0.11)	0.78
RYAQX	0.61	0.06	(0.04)	0.38	0.65	(0.70)	1.52	(1.27)	5.23
SMAAX	0.11	0.00	(0.41)	0.14	0.19	(0.16)	0.20	(0.30)	0.99
FRQXX	0.03	0.01	0.00	(2.41)	0.00	0.00	0.00	0.00	1.01

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