Guidemark Large Correlations

GMLVX Fund

USD 11.65 0.02 0.17%

The current 90-days correlation between Guidemark Large Cap and Vanguard Emerging Markets is 0.98 (i.e., Almost no diversification). The correlation of Guidemark Large 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.

Guidemark Large Correlation With Market

Good diversification

The correlation between Guidemark Large Cap and DJI is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Guidemark Large Cap 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 Guidemark Large Cap. 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 real.

Moving together with Guidemark Mutual Fund

0.61	GPSTX	Guidepath Growth All	Pair Corr
0.63	GPTCX	Guidepath Servative	Pair Corr
0.96	VEMAX	Vanguard Emerging Markets	Pair Corr
0.91	VEIEX	Vanguard Emerging Markets	Pair Corr
0.91	VEMIX	Vanguard Emerging Markets	Pair Corr
0.91	VEMRX	Vanguard Emerging Markets	Pair Corr
0.97	FWWNX	American Funds New	Pair Corr
0.97	FNFWX	American Funds New	Pair Corr
0.9	NEWFX	New World Fund	Pair Corr
0.9	NWFFX	New World Fund	Pair Corr
0.89	NEWCX	New World Fund	Pair Corr
0.9	ODVYX	Oppenheimer Developing	Pair Corr
0.7	RSNRX	Victory Global Natural	Pair Corr
0.7	RSNYX	Victory Global Natural	Pair Corr
0.64	FIKGX	Fidelity Advisor Sem	Pair Corr
0.67	RGNCX	Victory Global Natural	Pair Corr
0.87	CGCYX	Columbia Greater China	Pair Corr

Related Correlations Analysis

	VEMAX	VEIEX	444859BR2	AQUI	BRRAY	MSTSX	LBHIX	ABHYX	SCAXF
VEMAX		0.96	-0.56	0.0	-0.53	0.89	0.63	0.38	0.13	VEMAX
VEIEX	0.96		-0.53	0.0	-0.53	0.93	0.65	0.44	0.13	VEIEX
444859BR2	-0.56	-0.53		0.0	0.3	-0.62	-0.59	-0.09	0.21	444859BR2
AQUI	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	AQUI
BRRAY	-0.53	-0.53	0.3	0.0		-0.5	-0.45	-0.44	-0.02	BRRAY
MSTSX	0.89	0.93	-0.62	0.0	-0.5		0.72	0.4	0.03	MSTSX
LBHIX	0.63	0.65	-0.59	0.0	-0.45	0.72		0.62	-0.21	LBHIX
ABHYX	0.38	0.44	-0.09	0.0	-0.44	0.4	0.62		-0.01	ABHYX
SCAXF	0.13	0.13	0.21	0.0	-0.02	0.03	-0.21	-0.01		SCAXF
	VEMAX	VEIEX	444859BR2	AQUI	BRRAY	MSTSX	LBHIX	ABHYX	SCAXF

Click cells to compare fundamentals

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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

VEIEX	+ 0.96	VEMAX
MSTSX	+ 0.93	VEIEX
MSTSX	+ 0.89	VEMAX
LBHIX	+ 0.72	MSTSX
LBHIX	+ 0.65	VEIEX
LBHIX	+ 0.63	VEMAX

High negative correlations

MSTSX	- 0.62	444859BR2
LBHIX	- 0.59	444859BR2
444859BR2	- 0.56	VEMAX
BRRAY	- 0.53	VEIEX
444859BR2	- 0.53	VEIEX
BRRAY	- 0.53	VEMAX

Risk-Adjusted Indicators

There is a big difference between Guidemark Mutual Fund performing well and Guidemark Large 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 Guidemark Large'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
VEMAX	0.74	0.03	(0.07)	(0.20)	0.88	(0.80)	1.57	(1.68)	4.60
VEIEX	0.73	(0.01)	(0.06)	0.07	0.86	(0.80)	1.55	(1.68)	4.60
444859BR2	1.32	0.04	0.00	0.04	0.00	0.00	5.93	(4.60)	16.62
AQUI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BRRAY	1.27	(0.10)	0.00	0.01	0.00	0.00	0.00	(2.98)	34.02
MSTSX	0.49	(0.03)	(0.09)	0.05	0.52	(0.59)	1.21	(1.02)	2.80
LBHIX	0.11	0.00	(0.27)	0.00	0.00	(0.29)	0.24	(0.24)	0.96
ABHYX	0.16	0.00	(0.17)	0.11	0.26	(0.23)	0.34	(0.33)	1.91
SCAXF	0.70	(0.40)	0.00	(1.01)	0.00	0.00	0.00	0.00	23.47

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