Guidepath Conservative Correlations

GPICX Fund

USD 9.60 0.01 0.10%

The current 90-days correlation between Guidepath Conservative and Qs Moderate Growth is 0.16 (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 0.19 (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 persons.

Moving together with Guidepath Mutual Fund

0.71	GPIFX	Guidepath Flexible Income	Pair Corr
0.66	GPINX	Guidepath Income	Pair Corr
0.78	GPMIX	Guidepath Multi Asset	Pair Corr
0.85	VBIRX	Vanguard Short Term	Pair Corr
0.85	VFSUX	Vanguard Short Term	Pair Corr
0.86	VFSIX	Vanguard Short Term	Pair Corr
0.86	VFSTX	Vanguard Short Term	Pair Corr
0.88	VBITX	Vanguard Short Term	Pair Corr
0.87	VBISX	Vanguard Short Term	Pair Corr
0.86	VSCSX	Vanguard Short Term	Pair Corr
0.84	LALDX	Lord Abbett Short	Pair Corr
0.87	LDLAX	Lord Abbett Short	Pair Corr
0.87	LDLRX	Lord Abbett Short	Pair Corr
0.8	VOHIX	Vanguard Ohio Long	Pair Corr
0.89	BUSIX	Sterling Capital Ultra	Pair Corr
0.76	DRRAX	Dreyfus Global Real	Pair Corr
0.81	VWSTX	Vanguard Short Term	Pair Corr
0.62	VFWSX	Vanguard Ftse All	Pair Corr
0.83	TNYIX	Thornburg New York	Pair Corr
0.88	PLUAX	Aristotle Funds Series	Pair Corr

Moving against Guidepath Mutual Fund

0.72	MBIRX	Morgan Stanley Insight	Pair Corr
0.61	MGHRX	Morgan Stanley Insti	Pair Corr
0.72	MSCMX	Morgan Stanley Multi	Pair Corr
0.67	MCRTX	Morgan Stanley Multi	Pair Corr
0.67	MSGUX	Growth Portfolio Class	Pair Corr
0.61	MGRPX	Growth Portfolio Class	Pair Corr

Related Correlations Analysis

	SCGCX	JTGIX	LANIX	CDGCX	LMLRX
SCGCX		0.97	1.0	0.66	0.97	SCGCX
JTGIX	0.97		0.97	0.75	0.95	JTGIX
LANIX	1.0	0.97		0.65	0.97	LANIX
CDGCX	0.66	0.75	0.65		0.65	CDGCX
LMLRX	0.97	0.95	0.97	0.65		LMLRX
	SCGCX	JTGIX	LANIX	CDGCX	LMLRX

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
SCGCX	0.46	(0.01)	(0.04)	0.04	0.68	(0.42)	0.87	(1.06)	2.54
JTGIX	0.49	(0.01)	(0.03)	0.04	0.71	(0.47)	0.97	(1.12)	2.76
LANIX	0.54	(0.01)	(0.02)	0.04	0.83	(0.49)	1.01	(1.21)	3.01
CDGCX	0.45	(0.01)	(0.06)	0.04	0.50	(0.54)	0.93	(1.00)	2.47
LMLRX	0.25	(0.01)	(0.10)	0.04	0.29	(0.28)	0.51	(0.57)	1.38

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