Guidestone Funds Correlations

GMBYX Fund

9.55 0.02 0.21%

The current 90-days correlation between Guidestone Funds and T Rowe Price is 0.15 (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

Significant diversification

The correlation between Guidestone Funds and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Guidestone Funds 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 . 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 manufacturing.

Moving together with Guidestone Mutual Fund

0.81	GCOZX	Growth Allocation	Pair Corr
0.63	GEQZX	Equity Index Investor	Pair Corr
0.84	GFIZX	Conservative Allocation	Pair Corr
0.75	GGBZX	Aggressive Allocation	Pair Corr
0.96	GGBEX	Global Bond Fund	Pair Corr
0.95	GGBFX	Global Bond Fund	Pair Corr
0.83	GGIZX	Balanced Allocation	Pair Corr
0.8	GGRYX	Growth Allocation	Pair Corr
0.71	GIIYX	International Equity	Pair Corr
0.73	GIIZX	Guidestone Funds Int	Pair Corr
0.98	GMDYX	Medium Duration Bond	Pair Corr
0.98	GMDZX	Medium Duration Bond	Pair Corr
0.99	GMBZX	Guidestone Funds	Pair Corr
0.63	GMFZX	Mydestination 2045	Pair Corr
0.7	GMGYX	Mydestination 2055	Pair Corr
0.7	GMGZX	Mydestination 2055	Pair Corr

Related Correlations Analysis

	PRNHX	NEAIX	RRSVX	FCSGX	GLVIX	LMLRX	HSCVX
PRNHX		0.62	0.96	0.93	0.46	0.84	0.93	PRNHX
NEAIX	0.62		0.69	0.79	0.79	0.71	0.51	NEAIX
RRSVX	0.96	0.69		0.94	0.45	0.86	0.95	RRSVX
FCSGX	0.93	0.79	0.94		0.57	0.77	0.83	FCSGX
GLVIX	0.46	0.79	0.45	0.57		0.61	0.28	GLVIX
LMLRX	0.84	0.71	0.86	0.77	0.61		0.87	LMLRX
HSCVX	0.93	0.51	0.95	0.83	0.28	0.87		HSCVX
	PRNHX	NEAIX	RRSVX	FCSGX	GLVIX	LMLRX	HSCVX

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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
PRNHX	0.85	0.01	0.00	0.03	1.20	(0.85)	1.69	(1.60)	7.56
NEAIX	1.11	0.05	0.03	0.10	1.22	(1.25)	2.28	(1.60)	8.12
RRSVX	0.84	0.02	0.01	0.06	1.00	(1.03)	1.69	(1.66)	10.30
FCSGX	0.87	0.07	0.05	0.19	1.08	(0.94)	1.70	(1.49)	9.09
GLVIX	0.75	0.01	0.00	0.08	1.02	(0.80)	1.35	(1.73)	5.26
LMLRX	0.28	(0.02)	0.00	(0.10)	0.00	0.00	0.54	(0.54)	2.14
HSCVX	0.72	(0.01)	(0.02)	0.00	0.88	(0.93)	1.47	(1.50)	8.08

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Guidestone Funds Correlations

Guidestone Funds Correlation With Market

Significant diversification

Moving together with Guidestone Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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