Guidepath Conservative Correlations

GPICX Fund

USD 9.67 0.01 0.10%

The current 90-days correlation between Guidepath Conservative and Absolute Convertible Arbitrage is 0.13 (i.e., Average diversification). The correlation of Guidepath Conservative 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 Conservative Correlation With Market

Average diversification

The correlation between Guidepath Conservative Income and DJI is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Guidepath Conservative Income 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 Conservative Income. 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 main economic indicators.

Moving together with Guidepath Mutual Fund

0.75	GPMFX	Guidepath Managed Futures	Pair Corr
0.81	LALDX	Lord Abbett Short	Pair Corr
0.87	LDLAX	Lord Abbett Short	Pair Corr
0.79	LDLRX	Lord Abbett Short	Pair Corr
0.79	AAIZX	Alger Ai Enablers	Pair Corr
0.83	NLSAX	Neuberger Berman Long	Pair Corr
0.7	FTXNX	Fuller Thaler Behavioral	Pair Corr
0.87	CNEYX	Alger Concentrated Equity	Pair Corr
0.79	MHYZX	Manning Napier High	Pair Corr
0.74	AMFAX	Asg Managed Futures	Pair Corr
0.81	RMMGX	Short Term Bond	Pair Corr
0.98	EIGMX	Eaton Vance Global	Pair Corr
0.74	JGVVX	Jpmorgan Growth Advantage	Pair Corr
0.82	MSEGX	Growth Portfolio Class	Pair Corr
0.8	TSDCX	Touchstone Ultra Short	Pair Corr
0.79	BSL	Blackstone Gso Senior	Pair Corr
0.82	LGLOX	Lord Abbett Growth	Pair Corr
0.95	RSFYX	Victory Floating Rate	Pair Corr

Moving against Guidepath Mutual Fund

0.56	GPMIX	Guidepath(r) Multi-asset	Pair Corr
0.73	VTPSX	Vanguard Total Inter	Pair Corr
0.72	VTISX	Vanguard Total Inter	Pair Corr
0.72	VTSNX	Vanguard Total Inter	Pair Corr

Related Correlations Analysis

	ARBOX	XNCVX	VICIX	MCINX	FCSKX	XAVKX
ARBOX		0.49	0.79	0.81	0.62	0.49	ARBOX
XNCVX	0.49		0.66	0.7	0.92	0.77	XNCVX
VICIX	0.79	0.66		0.92	0.76	0.66	VICIX
MCINX	0.81	0.7	0.92		0.78	0.82	MCINX
FCSKX	0.62	0.92	0.76	0.78		0.72	FCSKX
XAVKX	0.49	0.77	0.66	0.82	0.72		XAVKX
	ARBOX	XNCVX	VICIX	MCINX	FCSKX	XAVKX

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Risk-Adjusted Indicators

There is a big difference between Guidepath Mutual Fund performing well and Guidepath Conservative 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 Conservative'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
ARBOX	0.05	(0.01)	(0.01)	(0.49)	0.18	(0.09)	0.09	(0.09)	1.33
XNCVX	0.59	0.03	0.03	2.22	0.75	(0.71)	1.29	(1.03)	4.37
VICIX	0.28	(0.01)	0.00	6.16	0.00	0.00	0.67	(0.54)	2.57
MCINX	0.38	(0.02)	0.00	(0.08)	0.00	0.00	0.79	(0.64)	2.95
FCSKX	0.45	0.03	0.05	0.10	0.64	(0.47)	1.08	(0.80)	3.46
XAVKX	0.52	(0.03)	0.00	(0.31)	0.00	0.00	0.90	(1.13)	4.06

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