Guidestone Funds Correlations

Mutual Funds USA . 
Fund . Guidestone Funds Impact
GMEYX Fund   12.76  0.11  0.87%   
The current 90-days correlation between Guidestone Funds Impact and Growth Allocation Fund is -0.06 (i.e., Good 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 Impact and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Guidestone Funds Impact 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 Impact. 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

  0.67GCOZX Growth AllocationPairCorr
  0.63GEMYX Emerging Markets EquityPairCorr
  0.63GEMZX Emerging Markets EquityPairCorr
  0.66GFIZX Conservative AllocationPairCorr
  0.62GGBZX Aggressive AllocationPairCorr
  0.84GGIZX Balanced AllocationPairCorr
  0.77GGRYX Growth AllocationPairCorr
  0.67GMFZX Mydestination 2045PairCorr
  0.99GMEZX Guidestone Funds ImpactPairCorr
  0.7GMHYX Mydestination 2035PairCorr
  0.7GMHZX Mydestination 2035PairCorr
  0.65GMGYX Mydestination 2055PairCorr
  0.76GMGZX Mydestination 2055PairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
GCOZX  0.41 (0.03)(0.16) 0.06  0.46 
(0.48)
 0.91 
(0.75)
 2.44 
GDMYX  0.31  0.00 (0.14) 0.12  0.30 
(0.37)
 0.72 
(0.78)
 2.05 
GDMZX  0.31  0.00 (0.14) 0.12  0.28 
(0.37)
 0.72 
(0.78)
 2.06 
GVEYX  0.51  0.02 (0.01) 0.14  0.34 
(0.64)
 1.06 
(0.83)
 3.56 
GVEZX  0.51  0.11 (0.01)(8.61) 0.37 
(0.64)
 1.12 
(0.85)
 3.61 
GVIYX  0.48  0.02 (0.03) 0.14  0.22 
(0.69)
 1.10 
(0.72)
 3.51 
GVIZX  0.47  0.02 (0.03) 0.14  0.18 
(0.67)
 1.14 
(0.72)
 3.51 
GEIYX  0.66  0.01 (0.01) 0.14  0.84 
(0.69)
 1.66 
(1.83)
 5.10 
GEIZX  0.67  0.11  0.00  2.59  0.80 
(0.72)
 1.69 
(1.73)
 5.16 
GEMYX  0.75 (0.07) 0.00 (0.06) 0.00 
 0.00 
 1.43 
(1.79)
 5.33 

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