Guidepath(r) Absolute Correlations

GPARX Fund

USD 9.85 0.03 0.30%

The current 90-days correlation between Guidepath Absolute Return and Guidepath Conservative Income is 0.15 (i.e., Average diversification). The correlation of Guidepath(r) Absolute 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.

Guidepath(r) Absolute Correlation With Market

Very weak diversification

The correlation between Guidepath Absolute Return and DJI is 0.53 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Guidepath Absolute Return 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 Guidepath Absolute Return. 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 Guidepath(r) Mutual Fund

0.8	GPICX	Guidepath Conservative	Pair Corr
0.84	GPIFX	Guidepath Flexible Income	Pair Corr
0.91	GPIGX	Guidepath Growth And	Pair Corr
0.8	GPINX	Guidepath Income	Pair Corr
0.97	GPMFX	Guidepath Managed Futures	Pair Corr
0.93	GPMIX	Guidepath Multi Asset	Pair Corr
0.66	VBIRX	Vanguard Short Term	Pair Corr
0.73	VFSUX	Vanguard Short Term	Pair Corr
0.79	VFSIX	Vanguard Short Term	Pair Corr
0.79	VFSTX	Vanguard Short Term	Pair Corr
0.69	VBITX	Vanguard Short Term	Pair Corr
0.69	VBISX	Vanguard Short Term	Pair Corr
0.8	VSCSX	Vanguard Short Term	Pair Corr
0.78	LALDX	Lord Abbett Short	Pair Corr
0.79	LDLAX	Lord Abbett Short	Pair Corr
0.77	LDLRX	Lord Abbett Short	Pair Corr
0.68	CII	Blackrock Enhanced	Pair Corr
0.79	ETV	Eaton Vance Tax	Pair Corr
0.89	CLM	Cornerstone Strategic	Pair Corr
0.92	CRF	Cornerstone Total Return	Pair Corr
0.91	USA	Liberty All Star	Pair Corr
0.93	NFJ	Virtus Dividend Interest	Pair Corr
0.83	PEAFX	Pimco Rae Fundamental	Pair Corr
0.95	ADVDX	Alpine Dynamic Dividend	Pair Corr
0.91	MNHAX	High Yield Bond	Pair Corr
0.72	NSGAX	Columbia Select Large	Pair Corr
0.85	MGHYX	Deutsche Global High	Pair Corr
0.82	LBWCX	Legg Mason Bw	Pair Corr
0.88	CEKRX	Columbia Emerging Markets	Pair Corr
0.95	EVT	Eaton Vance Tax	Pair Corr
0.88	CPAZX	Columbia Capital All	Pair Corr
0.9	ARTFX	Artisan High Income	Pair Corr
0.74	VSBSX	Vanguard Short Term	Pair Corr
0.75	GGRCX	Goldman Sachs Strategic	Pair Corr

Moving against Guidepath(r) Mutual Fund

0.5

IFN

India Closed

Pair Corr

Related Correlations Analysis

	GPARX	GPICX	GPIFX	GPIGX	GPINX	GPMFX	GPMIX
GPARX		0.8	0.84	0.91	0.8	0.97	0.93	GPARX
GPICX	0.8		0.94	0.85	0.8	0.74	0.92	GPICX
GPIFX	0.84	0.94		0.86	0.91	0.81	0.95	GPIFX
GPIGX	0.91	0.85	0.86		0.78	0.87	0.89	GPIGX
GPINX	0.8	0.8	0.91	0.78		0.83	0.87	GPINX
GPMFX	0.97	0.74	0.81	0.87	0.83		0.9	GPMFX
GPMIX	0.93	0.92	0.95	0.89	0.87	0.9		GPMIX
	GPARX	GPICX	GPIFX	GPIGX	GPINX	GPMFX	GPMIX

Risk-Adjusted Indicators

There is a big difference between Guidepath(r) Mutual Fund performing well and Guidepath(r) Absolute 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 Guidepath(r) Absolute'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
GPARX	0.30	0.02	(0.10)	0.15	0.29	(0.35)	0.73	(0.53)	2.19
GPICX	0.03	0.00	0.00	0.10	0.00	0.00	0.10	0.00	0.21
GPIFX	0.08	0.00	(0.50)	0.13	0.00	(0.15)	0.23	(0.11)	0.46
GPIGX	0.70	0.23	0.36	0.43	0.00	(0.92)	1.11	(0.85)	15.36
GPINX	0.12	0.00	(0.46)	0.06	0.00	(0.18)	0.23	(0.23)	0.58
GPMFX	0.67	0.02	(0.01)	0.12	0.78	(0.71)	1.26	(1.42)	3.61
GPMIX	0.28	0.03	(0.08)	0.17	0.06	(0.34)	0.59	(0.43)	1.30

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