Low Duration Correlations

GLDZX Fund

USD 12.87 0.01 0.08%

The current 90-days correlation between Low Duration Bond and Growth Allocation Fund is 0.03 (i.e., Significant diversification). The correlation of Low Duration 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.

Low Duration Correlation With Market

Significant diversification

The correlation between Low Duration Bond Investor and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Low Duration Bond 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 Low Duration Bond 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 Low Mutual Fund

0.97

GLDYX

Low Duration Bond

Pair Corr

Moving against Low Mutual Fund

0.75	GFSYX	Strategic Alternatives	Pair Corr
0.75	GFSZX	Strategic Alternatives	Pair Corr
0.72	GDMZX	Defensive Market Str	Pair Corr
0.71	GVEYX	Value Equity Institu	Pair Corr
0.71	GVEZX	Value Equity Investor	Pair Corr
0.7	GDMYX	Defensive Market Str	Pair Corr
0.68	GGEZX	Growth Equity Investor	Pair Corr
0.67	GGEYX	Guidestone Fds Growth	Pair Corr
0.66	GIEYX	International Equity	Pair Corr
0.66	GIEZX	International Equity	Pair Corr
0.56	GEMYX	Emerging Markets Equity	Pair Corr
0.54	GEMZX	Emerging Markets Equity	Pair Corr
0.53	GVIYX	Guidestone Value Equity	Pair Corr
0.53	GVIZX	Guidestone Value Equity	Pair Corr
0.71	GMEYX	Guidestone Funds Impact	Pair Corr
0.71	GMEZX	Guidestone Funds Impact	Pair Corr
0.66	GMWZX	Mydestination 2025	Pair Corr
0.65	GMWYX	Mydestination 2025	Pair Corr
0.65	GREYX	Global Real Estate	Pair Corr
0.65	GREZX	Global Real Estate	Pair Corr
0.62	GMHZX	Mydestination 2035	Pair Corr
0.61	GMHYX	Mydestination 2035	Pair Corr
0.58	GMTZX	Mydestination 2015	Pair Corr

Related Correlations Analysis

	GCOZX	GDMYX	GDMZX	GVEYX	GVEZX	GVIYX	GVIZX	GEIYX	GEIZX	GEMYX
GCOZX		0.62	0.62	0.59	0.59	0.76	0.76	0.67	0.68	0.36	GCOZX
GDMYX	0.62		0.96	0.94	0.94	0.94	0.94	0.18	0.2	0.5	GDMYX
GDMZX	0.62	0.96		0.99	0.99	0.93	0.93	0.15	0.16	0.5	GDMZX
GVEYX	0.59	0.94	0.99		1.0	0.95	0.95	0.08	0.1	0.47	GVEYX
GVEZX	0.59	0.94	0.99	1.0		0.94	0.94	0.08	0.1	0.47	GVEZX
GVIYX	0.76	0.94	0.93	0.95	0.94		1.0	0.3	0.31	0.39	GVIYX
GVIZX	0.76	0.94	0.93	0.95	0.94	1.0		0.3	0.31	0.39	GVIZX
GEIYX	0.67	0.18	0.15	0.08	0.08	0.3	0.3		1.0	-0.17	GEIYX
GEIZX	0.68	0.2	0.16	0.1	0.1	0.31	0.31	1.0		-0.16	GEIZX
GEMYX	0.36	0.5	0.5	0.47	0.47	0.39	0.39	-0.17	-0.16		GEMYX
	GCOZX	GDMYX	GDMZX	GVEYX	GVEZX	GVIYX	GVIZX	GEIYX	GEIZX	GEMYX

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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

GVEZX	+ 1.0	GVEYX
GVIZX	+ 1.0	GVIYX
GEIZX	+ 1.0	GEIYX
GVEYX	+ 0.99	GDMZX
GVEZX	+ 0.99	GDMZX
GDMZX	+ 0.96	GDMYX

High negative correlations

GEMYX	- 0.17	GEIYX
GEMYX	- 0.16	GEIZX

Risk-Adjusted Indicators

There is a big difference between Low Mutual Fund performing well and Low Duration 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 Low Duration'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
GCOZX	0.42	0.00	(0.12)	0.13	0.60	(0.44)	0.86	(0.77)	3.19
GDMYX	0.44	(0.08)	0.00	(0.58)	0.00	0.00	0.76	(0.89)	7.31
GDMZX	0.44	(0.07)	0.00	(1.15)	0.00	0.00	0.73	(0.97)	7.24
GVEYX	0.64	(0.11)	0.00	(0.55)	0.00	0.00	1.13	(0.90)	11.17
GVEZX	0.64	(0.11)	0.00	(0.57)	0.00	0.00	1.13	(0.85)	11.18
GVIYX	0.62	(0.05)	0.00	(0.29)	0.00	0.00	1.24	(1.52)	7.60
GVIZX	0.63	(0.05)	0.00	(0.32)	0.00	0.00	1.24	(1.56)	7.59
GEIYX	0.92	0.08	(0.02)	(0.55)	1.27	(1.00)	2.01	(2.71)	6.01
GEIZX	0.92	0.07	(0.02)	(0.53)	1.26	(1.00)	2.07	(2.76)	6.01
GEMYX	0.62	(0.10)	0.00	(1.11)	0.00	0.00	1.33	(1.54)	3.25

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