Guidepath(r) Absolute Correlations

GPARX Fund

USD 9.34 0.01 0.11%

The current 90-days correlation between Guidepath Absolute Return and Ultrasmall Cap Profund Ultrasmall Cap is 0.42 (i.e., Very weak 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

Modest diversification

The correlation between Guidepath Absolute Return and DJI is 0.28 (i.e., Modest 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 metropolitan statistical area.

Moving together with Guidepath(r) Mutual Fund

0.97	GPIFX	Guidepath Flexible Income	Pair Corr
0.8	GPIGX	Guidepath Growth And	Pair Corr
0.96	GPINX	Guidepath Income	Pair Corr
0.74	GPMIX	Guidepath Multi Asset	Pair Corr
0.62	VBIRX	Vanguard Short Term	Pair Corr
0.64	VFSUX	Vanguard Short Term	Pair Corr
0.68	VFSIX	Vanguard Short Term	Pair Corr
0.68	VFSTX	Vanguard Short Term	Pair Corr
0.67	VBITX	Vanguard Short Term	Pair Corr
0.68	VBISX	Vanguard Short Term	Pair Corr
0.78	VSCSX	Vanguard Short Term	Pair Corr
0.66	DOXBX	Dodge Cox Balanced	Pair Corr
0.83	JFFAX	Jpmorgan Smartretirement	Pair Corr
0.8	PRQZX	Pimco Realpath Blend	Pair Corr
0.74	STENX	Northern Lights	Pair Corr
0.85	AAEFX	American Century One	Pair Corr
0.89	ISFYX	Lord Abbett Diversified	Pair Corr
0.65	ECSIX	Eaton Vance Short	Pair Corr
0.74	JHYUX	Jpmorgan High Yield	Pair Corr
0.76	WMICX	Wasatch Micro Cap	Pair Corr
0.74	MIGOX	Marsico Global	Pair Corr
0.69	AGTHX	Growth Fund	Pair Corr
0.73	WAMCX	Wasatch Ultra Growth	Pair Corr

Moving against Guidepath(r) Mutual Fund

0.44

XGEIX

Guggenheim Energy Income

Pair Corr

Related Correlations Analysis

	UAPIX	QRSVX	AFDVX	SVPSX	QRSAX
UAPIX		0.97	0.91	0.89	0.97	UAPIX
QRSVX	0.97		0.95	0.9	1.0	QRSVX
AFDVX	0.91	0.95		0.9	0.95	AFDVX
SVPSX	0.89	0.9	0.9		0.9	SVPSX
QRSAX	0.97	1.0	0.95	0.9		QRSAX
	UAPIX	QRSVX	AFDVX	SVPSX	QRSAX

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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
UAPIX	1.87	0.02	0.01	0.08	2.41	(1.92)	3.65	(3.28)	20.49
QRSVX	0.75	0.01	(0.03)	0.11	1.10	(0.82)	1.48	(1.28)	9.39
AFDVX	0.80	0.00	(0.05)	0.10	0.96	(0.97)	1.70	(1.37)	9.22
SVPSX	0.86	0.06	0.00	0.49	1.04	(0.91)	1.69	(1.54)	10.25
QRSAX	0.75	0.01	(0.03)	0.11	1.10	(0.82)	1.48	(1.30)	9.42

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