Guidepath(r) Flexible Correlations

GPIFX Fund

USD 8.79 0.01 0.11%

The current 90-days correlation between Guidepath Flexible Income and Icon Natural Resources is 0.01 (i.e., Significant diversification). The correlation of Guidepath(r) Flexible 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) Flexible Correlation With Market

Modest diversification

The correlation between Guidepath Flexible Income and DJI is 0.23 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Guidepath Flexible 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 Flexible 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 census.

Moving together with Guidepath(r) Mutual Fund

0.76	GPICX	Guidepath Conservative	Pair Corr
0.96	GPIGX	Guidepath Growth And	Pair Corr
0.67	GPINX	Guidepath Income	Pair Corr

Moving against Guidepath(r) Mutual Fund

0.52	GPMFX	Guidepath Managed Futures	Pair Corr
0.76	MSTSX	Morningstar Unconstrained	Pair Corr
0.66	RBLAX	Balanced Strategy	Pair Corr
0.58	OTCNX	Oppenheimer Cap Apprec	Pair Corr
0.57	PQTNX	Pimco Trends Managed	Pair Corr
0.5	RMYYX	Multi Strategy Income	Pair Corr
0.47	TCLCX	Tiaa-cref Large-cap	Pair Corr
0.41	GLLCX	Aberdeen Gbl Eq	Pair Corr
0.41	RMLRX	Moderate Strategy	Pair Corr
0.66	RBLSX	Balanced Strategy	Pair Corr
0.66	VTAIX	Virtus Tactical Allo	Pair Corr

Related Correlations Analysis

	ICBAX	VENAX	MLOAX	GRHAX	XEMOX	GLPIX	PSPFX
ICBAX		0.61	0.43	0.88	0.59	0.7	0.85	ICBAX
VENAX	0.61		0.9	0.54	0.77	0.84	0.54	VENAX
MLOAX	0.43	0.9		0.36	0.65	0.79	0.42	MLOAX
GRHAX	0.88	0.54	0.36		0.48	0.52	0.85	GRHAX
XEMOX	0.59	0.77	0.65	0.48		0.89	0.6	XEMOX
GLPIX	0.7	0.84	0.79	0.52	0.89		0.7	GLPIX
PSPFX	0.85	0.54	0.42	0.85	0.6	0.7		PSPFX
	ICBAX	VENAX	MLOAX	GRHAX	XEMOX	GLPIX	PSPFX

Risk-Adjusted Indicators

There is a big difference between Guidepath(r) Mutual Fund performing well and Guidepath(r) Flexible 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) Flexible'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
ICBAX	1.32	0.23	0.12	1.56	1.13	(1.55)	3.34	(1.94)	11.98
VENAX	0.98	0.03	(0.01)	0.14	1.18	(1.00)	2.06	(1.78)	5.09
MLOAX	0.76	0.06	(0.01)	0.58	0.94	(0.81)	1.53	(1.64)	3.89
GRHAX	1.41	0.15	0.04	0.78	1.79	(1.50)	2.64	(3.38)	7.71
XEMOX	0.71	(0.01)	0.00	(0.26)	0.00	0.00	1.48	(1.86)	3.85
GLPIX	0.51	0.06	(0.03)	1.16	0.62	(0.55)	1.11	(1.49)	3.01
PSPFX	1.31	0.19	0.11	0.28	1.42	(1.43)	3.28	(3.02)	7.78

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