Guidepath(r) Growth Correlations

Mutual Funds . USA . 
Fund . Guidepath Growth Allocation
GPSTX Fund  USD 21.06  0.18  0.86%   
The current 90-days correlation between Guidepath Growth All and Guidepath Tactical Allocation is 0.05 (i.e., Significant diversification). The correlation of Guidepath(r) Growth 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) Growth Correlation With Market

Very poor diversification

The correlation between Guidepath Growth Allocation and DJI is 0.88 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Guidepath Growth Allocation 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 Growth Allocation. 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 population.

Moving together with Guidepath(r) Mutual Fund

  0.86GMLVX Guidemark Large CapPairCorr
  0.96GMSMX Guidemark Smallmid CapPairCorr
  0.95GMWEX Guidemark World ExPairCorr
  0.89GPTCX Guidepath(r) ConservativePairCorr
  0.96GPTUX Guidepath(r) TacticalPairCorr
  0.96CWGIX Capital World GrowthPairCorr
  0.94CWGFX Capital World GrowthPairCorr
  0.94CWGCX Capital World GrowthPairCorr
  0.92FCWGX American Funds CapitalPairCorr
  0.92FWCGX American Funds CapitalPairCorr
  0.94RWIFX Capital World GrowthPairCorr
  0.94CWICX Capital World GrowthPairCorr
  0.94RWIAX Capital World GrowthPairCorr
  0.94CWIAX Capital World GrowthPairCorr
  0.92WGIFX Capital World GrowthPairCorr
  0.86VTSAX Vanguard Total StockPairCorr
  0.77VFIAX Vanguard 500 IndexPairCorr
  0.8VTSMX Vanguard Total StockPairCorr
  0.8VSMPX Vanguard Total StockPairCorr
  0.86VSTSX Vanguard Total StockPairCorr
  0.8VITSX Vanguard Total StockPairCorr
  0.88VTIAX Vanguard Total InterPairCorr
  0.77VFINX Vanguard 500 IndexPairCorr
  0.84VFFSX Vanguard 500 IndexPairCorr
  0.61VBTLX Vanguard Total BondPairCorr
  0.74AMHIX American High IncomePairCorr
  0.91FAAAX Franklin K2 AlternativePairCorr
  0.94DGITX Dgi Investment TrustPairCorr
  0.86RYCVX Dow 2x Strategy Potential GrowthPairCorr
  0.89RYDHX Dow Jones IndustrialPairCorr
  0.87GCEYX Ab Global EPairCorr
  0.77FXAIX Fidelity 500 IndexPairCorr
  0.92PUBCX Pimco Unconstrained BondPairCorr
  0.78DIFFX Mfs Diversified IncomePairCorr
  0.89OAKWX Oakmark Global SelectPairCorr
  0.87PSGRX Putnam Small CapPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Guidepath(r) Mutual Fund performing well and Guidepath(r) Growth 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) Growth'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.

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