Guidestone Funds Correlations

GMEZX Fund

11.92 0.01 0.08%

The current 90-days correlation between Guidestone Funds Impact and Ab Municipal Bond is 0.06 (i.e., Significant 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

Average diversification

The correlation between Guidestone Funds Impact and DJI is 0.13 (i.e., Average 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 nation.

Moving together with Guidestone Mutual Fund

0.62	GCOZX	Growth Allocation	Pair Corr
0.94	GDMYX	Defensive Market Str	Pair Corr
0.97	GDMZX	Defensive Market Str	Pair Corr
0.97	GVEYX	Value Equity Institu	Pair Corr
0.97	GVEZX	Value Equity Investor	Pair Corr
0.91	GVIYX	Guidestone Value Equity	Pair Corr
0.91	GVIZX	Guidestone Value Equity	Pair Corr
0.62	GEMYX	Emerging Markets Equity	Pair Corr
0.65	GEMZX	Emerging Markets Equity	Pair Corr
0.66	GFIZX	Conservative Allocation	Pair Corr
0.93	GFSYX	Strategic Alternatives	Pair Corr
0.93	GFSZX	Strategic Alternatives	Pair Corr
0.63	GGBZX	Aggressive Allocation	Pair Corr
0.65	GGBFX	Global Bond Fund	Pair Corr
0.94	GGEYX	Guidestone Fds Growth	Pair Corr
0.94	GGEZX	Growth Equity Investor	Pair Corr
0.71	GGIZX	Balanced Allocation	Pair Corr
0.7	GGRYX	Growth Allocation	Pair Corr
0.95	GIEYX	International Equity	Pair Corr
0.98	GIEZX	International Equity	Pair Corr
0.89	GMFZX	Mydestination 2045	Pair Corr
1.0	GMEYX	Guidestone Funds Impact	Pair Corr
0.98	GMHYX	Mydestination 2035	Pair Corr
0.98	GMHZX	Mydestination 2035	Pair Corr
0.84	GMGYX	Mydestination 2055	Pair Corr
0.84	GMGZX	Mydestination 2055	Pair Corr

Moving against Guidestone Mutual Fund

0.72	GLDYX	Low Duration Bond	Pair Corr
0.71	GLDZX	Low Duration Bond	Pair Corr

Related Correlations Analysis

	AUNCX	TWTIX	BBINX	GCMVX	LOISX	PBCAX	FCMAX
AUNCX		0.76	0.66	0.81	0.81	0.83	0.76	AUNCX
TWTIX	0.76		0.83	0.91	0.91	0.91	0.91	TWTIX
BBINX	0.66	0.83		0.94	0.91	0.92	0.94	BBINX
GCMVX	0.81	0.91	0.94		0.99	0.98	0.99	GCMVX
LOISX	0.81	0.91	0.91	0.99		0.97	0.98	LOISX
PBCAX	0.83	0.91	0.92	0.98	0.97		0.98	PBCAX
FCMAX	0.76	0.91	0.94	0.99	0.98	0.98		FCMAX
	AUNCX	TWTIX	BBINX	GCMVX	LOISX	PBCAX	FCMAX

Click cells to compare fundamentals

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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
AUNCX	0.12	0.00	(0.32)	0.00	0.15	(0.16)	0.28	(0.28)	1.31
TWTIX	0.15	0.00	(0.25)	(0.01)	0.21	(0.20)	0.37	(0.37)	1.31
BBINX	0.14	0.00	(0.27)	0.87	0.17	(0.20)	0.30	(0.29)	1.27
GCMVX	0.11	0.00	(0.36)	1.44	0.15	(0.15)	0.20	(0.30)	0.90
LOISX	0.15	0.00	(0.27)	0.00	0.21	(0.20)	0.39	(0.39)	1.28
PBCAX	0.12	(0.01)	(0.31)	(0.72)	0.16	(0.17)	0.30	(0.40)	1.12
FCMAX	0.20	0.00	(0.20)	0.89	0.31	(0.25)	0.49	(0.49)	1.65

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