Guidepath(r) Flexible Correlations

GPIFX Fund

USD 8.99 0.01 0.11%

The current 90-days correlation between Guidepath Flexible Income and Old Westbury California is 0.08 (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

Weak diversification

The correlation between Guidepath Flexible Income and DJI is 0.31 (i.e., Weak 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

0.97	GPARX	Guidepath Absolute Return	Pair Corr
0.83	GPIGX	Guidepath Growth And	Pair Corr
0.96	GPINX	Guidepath Income	Pair Corr
0.77	GPMIX	Guidepath Multi Asset	Pair Corr
0.81	PAALX	All Asset Fund	Pair Corr
0.8	PATRX	Pimco All Asset	Pair Corr
0.82	PAAIX	All Asset Fund	Pair Corr
0.88	PALPX	Pimco All Asset	Pair Corr
0.86	PASAX	All Asset Fund	Pair Corr
0.84	PASCX	All Asset Fund	Pair Corr
0.82	PAANX	Pimco All Asset	Pair Corr
0.76	PAUPX	Pimco All Asset	Pair Corr
0.82	PAUIX	Pimco All Asset	Pair Corr
0.65	ABRIX	Invesco Balanced Risk	Pair Corr
0.86	JRLKX	Multi Index 2015	Pair Corr
0.78	VFIAX	Vanguard 500 Index	Pair Corr
0.7	NCLEX	Nicholas Edition	Pair Corr
0.84	TLYRX	Tiaa Cref Lifecycle	Pair Corr
0.71	HFQCX	Henderson Global Equity	Pair Corr
0.88	CDEMX	Columbia Mod Conservative	Pair Corr
0.78	VFINX	Vanguard 500 Index	Pair Corr
0.84	OBSOX	Oberweis Small Cap	Pair Corr

Moving against Guidepath(r) Mutual Fund

0.47

XGEIX

Guggenheim Energy Income

Pair Corr

Related Correlations Analysis

	OWCAX	MSTBX	RESAX	PRVBX	XFINX	DHGCX	ABNTX	GANPX
OWCAX		0.5	0.82	0.28	0.65	0.84	0.55	0.68	OWCAX
MSTBX	0.5		0.71	0.72	0.68	0.67	0.67	0.81	MSTBX
RESAX	0.82	0.71		0.53	0.77	0.84	0.77	0.75	RESAX
PRVBX	0.28	0.72	0.53		0.51	0.51	0.77	0.59	PRVBX
XFINX	0.65	0.68	0.77	0.51		0.64	0.57	0.76	XFINX
DHGCX	0.84	0.67	0.84	0.51	0.64		0.67	0.63	DHGCX
ABNTX	0.55	0.67	0.77	0.77	0.57	0.67		0.56	ABNTX
GANPX	0.68	0.81	0.75	0.59	0.76	0.63	0.56		GANPX
	OWCAX	MSTBX	RESAX	PRVBX	XFINX	DHGCX	ABNTX	GANPX

Click cells to compare fundamentals

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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
OWCAX	0.11	0.00	(0.24)	(0.04)	0.13	(0.17)	0.21	(0.31)	0.83
MSTBX	0.10	0.00	(0.41)	(2.01)	0.00	(0.14)	0.21	(0.21)	0.62
RESAX	0.22	0.01	(0.15)	0.36	0.21	(0.28)	0.49	(0.37)	2.22
PRVBX	0.10	0.00	(0.61)	(0.03)	0.04	(0.13)	0.25	(0.19)	0.58
XFINX	0.13	0.01	(0.18)	(0.31)	0.17	(0.16)	0.29	(0.28)	1.14
DHGCX	0.15	0.00	(0.36)	(0.01)	0.13	(0.21)	0.36	(0.26)	0.94
ABNTX	0.13	(0.01)	(0.35)	2.55	0.15	(0.17)	0.30	(0.30)	0.79
GANPX	0.07	0.00	(0.33)	1.83	0.00	(0.13)	0.19	(0.10)	0.68

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