Guidepath(r) Managed Correlations

GPMFX Fund

USD 8.00 0.04 0.50%

The current 90-days correlation between Guidepath Managed Futures and Lord Abbett Diversified is 0.19 (i.e., Average diversification). The correlation of Guidepath(r) Managed 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) Managed Correlation With Market

Good diversification

The correlation between Guidepath Managed Futures and DJI is -0.03 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Guidepath Managed Futures 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 Managed Futures. 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

0.75	GPICX	Guidepath Conservative	Pair Corr
0.78	AQMRX	Aqr Managed Futures	Pair Corr
0.73	PQTAX	Pimco Trends Managed	Pair Corr
0.73	PQTNX	Pimco Trends Managed	Pair Corr
0.75	AHLPX	American Beacon Ahl	Pair Corr
0.83	AMFNX	Asg Managed Futures	Pair Corr
0.89	ABYCX	Abbey Capital Futures	Pair Corr
0.75	ABYAX	Abbey Capital Futures	Pair Corr
0.75	ABYIX	Abbey Capital Futures	Pair Corr
0.99	AMFAX	Asg Managed Futures	Pair Corr
0.83	ASFYX	Asg Managed Futures	Pair Corr
0.62	FULAX	Federated Ultrashort Bond	Pair Corr
0.67	GSFRX	Goldman Sachs High	Pair Corr
0.7	EAD	Allspring Income Opp	Pair Corr
0.67	RDPSX	Rising Dollar Profund	Pair Corr
0.61	BXSL	Blackstone Secured	Pair Corr

Moving against Guidepath(r) Mutual Fund

0.38	GPMIX	Guidepath(r) Multi-asset	Pair Corr
0.39	NHS	Neuberger Berman High	Pair Corr

Related Correlations Analysis

	LIGFX	TRHBX	MBLAX	NSIDX	WDIAX
LIGFX		0.79	0.91	0.87	0.62	LIGFX
TRHBX	0.79		0.87	0.94	0.84	TRHBX
MBLAX	0.91	0.87		0.9	0.86	MBLAX
NSIDX	0.87	0.94	0.9		0.75	NSIDX
WDIAX	0.62	0.84	0.86	0.75		WDIAX
	LIGFX	TRHBX	MBLAX	NSIDX	WDIAX

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Risk-Adjusted Indicators

There is a big difference between Guidepath(r) Mutual Fund performing well and Guidepath(r) Managed 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) Managed'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
LIGFX	0.29	(0.01)	(0.01)	(0.04)	0.41	(0.28)	0.50	(0.50)	2.04
TRHBX	0.98	(0.04)	0.00	(0.08)	0.00	0.00	1.82	(1.77)	10.23
MBLAX	0.23	(0.02)	0.00	(0.12)	0.00	0.00	0.46	(0.31)	1.79
NSIDX	1.00	(0.05)	0.00	(0.12)	0.00	0.00	1.81	(1.76)	11.20
WDIAX	0.54	(0.04)	0.00	(0.17)	0.00	0.00	1.05	(0.98)	5.40

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