Guidepath Conservative Correlations

GPICX Fund

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The current 90-days correlation between Guidepath Conservative and Fidelity Series 1000 is -0.1 (i.e., Good 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

Very weak diversification

The correlation between Guidepath Conservative Income and DJI is 0.44 (i.e., Very weak 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 unemployment.

Moving together with Guidepath Mutual Fund

0.7	GPIFX	Guidepath Flexible Income	Pair Corr
0.69	GPIGX	Guidepath Growth And	Pair Corr
0.73	GPINX	Guidepath Income	Pair Corr
0.63	GPMFX	Guidepath Managed Futures	Pair Corr
0.71	GPMIX	Guidepath(r) Multi-asset	Pair Corr
0.64	VBIRX	Vanguard Short Term	Pair Corr
0.65	VFSUX	Vanguard Short Term	Pair Corr
0.91	VFSIX	Vanguard Short Term	Pair Corr
0.65	VFSTX	Vanguard Short Term	Pair Corr
0.66	VBITX	Vanguard Short Term	Pair Corr
0.65	VBISX	Vanguard Short Term	Pair Corr
0.74	VSCSX	Vanguard Short Term	Pair Corr
0.9	LDLAX	Lord Abbett Short	Pair Corr
0.62	LDLRX	Lord Abbett Short	Pair Corr
0.7	AWP	Aberdeen Global Premier	Pair Corr
0.7	EKWDX	Wells Fargo Advantage	Pair Corr
0.7	OEPIX	Oil Equipment Services	Pair Corr
0.7	OEPSX	Oil Equipment Services	Pair Corr
0.7	VMINX	Invesco Municipal Income	Pair Corr
0.71	PCEMX	Pace International	Pair Corr
0.72	APPLX	Appleseed Fund Appleseed	Pair Corr
0.72	UITIX	Usaa Tax Exempt	Pair Corr
0.63	ROBCX	Robinson Tax Advantaged	Pair Corr
0.66	FASMX	Fidelity Asset Manager	Pair Corr
0.63	FILSX	Fidelity Flex Freedom	Pair Corr
0.66	RGVJX	Us Government Securities	Pair Corr
0.68	JIGFX	Janus Overseas	Pair Corr
0.66	FASOX	Fidelity Advisor Value	Pair Corr

Moving against Guidepath Mutual Fund

0.76

CISGX

Touchstone Sands Capital

Pair Corr

Related Correlations Analysis

	LMISX	DALVX	MTCGX	AMONX	PCLVX	FIOOX
LMISX		0.78	0.76	0.93	0.92	0.73	LMISX
DALVX	0.78		0.89	0.82	0.89	0.96	DALVX
MTCGX	0.76	0.89		0.78	0.8	0.77	MTCGX
AMONX	0.93	0.82	0.78		0.96	0.75	AMONX
PCLVX	0.92	0.89	0.8	0.96		0.85	PCLVX
FIOOX	0.73	0.96	0.77	0.75	0.85		FIOOX
	LMISX	DALVX	MTCGX	AMONX	PCLVX	FIOOX

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
LMISX	0.60	0.06	0.04	0.17	0.60	(0.68)	1.14	(1.04)	4.93
DALVX	0.54	0.17	0.20	0.35	0.22	(0.62)	1.28	(0.96)	5.73
MTCGX	1.17	0.35	0.29	0.62	0.64	(1.46)	1.48	(1.79)	29.28
AMONX	1.22	0.56	0.51	1.42	0.00	(1.63)	1.42	(1.67)	33.19
PCLVX	0.69	0.31	0.41	0.70	0.00	(0.86)	1.33	(1.15)	13.58
FIOOX	0.49	0.10	0.12	0.22	0.29	(0.57)	1.33	(0.97)	2.90

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