Guidepath Managed Correlations

Mutual Funds . USA . 
Fund . Guidepath Managed Futures
GPMFX Fund  USD 7.37  0.19  2.51%   
The current 90-days correlation between Guidepath Managed Futures and Global Resources Fund is 0.51 (i.e., Very weak diversification). The correlation of Guidepath 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 Managed Correlation With Market

Very poor diversification

The correlation between Guidepath Managed Futures and DJI is 0.89 (i.e., Very poor 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 price.

Moving together with Guidepath Mutual Fund

  0.88GPICX Guidepath ConservativePairCorr
  0.74AQMRX Aqr Managed FuturesPairCorr
  0.88AMFNX Asg Managed FuturesPairCorr
  0.96AMFAX Asg Managed FuturesPairCorr
  0.88ASFCX Asg Managed FuturesPairCorr
  0.77ASFYX Asg Managed FuturesPairCorr
  0.74ABYAX Abbey Capital FuturesPairCorr
  0.85ABYIX Abbey Capital FuturesPairCorr
  0.86ABYCX Abbey Capital FuturesPairCorr
  0.97AHLPX American Beacon AhlPairCorr
  0.74LFMIX Locorr Macro StrategiesPairCorr
  0.73MGGYX Mirova Global GreenPairCorr
  0.94HLDIX Hartford EmergingPairCorr
  0.94HLDRX Hartford EmergingPairCorr
  0.93HLDAX Hartford EmergingPairCorr
  0.94HLDCX Hartford EmergingPairCorr
  0.94HLDTX Hartford EmergingPairCorr
  0.87LEQCX Locorr Dynamic EquityPairCorr
  0.83JAAZX Jhancock MultimanagerPairCorr
  0.68EVAIX Eaton Vance VirginiaPairCorr
  0.91WSMDX William Blair SmallPairCorr
  0.62JHYMX John Hancock HighPairCorr
  0.92TUIFX Toews UnconstrainedPairCorr
  0.83TAIWX Tiaa Cref InternationalPairCorr
  0.96AIOIX International OpportunitiesPairCorr
  0.99MDIJX Mfs InternationalPairCorr
  0.91HNCVX Harbor Vertible SecuPairCorr
  0.86RSLBX Smallcap WorldPairCorr
  0.82TSWHX TswhgyldbdinstlPairCorr
  0.77MHESX Mh Elite SelectPairCorr
  0.91JGSRX John Hancock GlobalPairCorr
  0.83ABLSX American Beacon BalancedPairCorr
  0.9AMRFX American MutualPairCorr
  0.84JAADX Jhvit International SmallPairCorr
  0.87QISOX Pear Tree PolarisPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Guidepath Mutual Fund performing well and Guidepath 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 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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2026 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY