Guidepath(r) Conservative Correlations

GPTCX Fund

USD 11.24 0.05 0.44%

The current 90-days correlation between Guidepath(r) Conservative and Lord Abbett Convertible is 0.74 (i.e., Poor diversification). The correlation of Guidepath(r) Conservative 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) Conservative Correlation With Market

Very poor diversification

The correlation between Guidepath Servative Allocation and DJI is 0.86 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Guidepath Servative 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 Servative 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 main economic indicators.

Moving together with Guidepath(r) Mutual Fund

0.65	GMCOX	Guidemark E Fixed	Pair Corr
0.77	GMLVX	Guidemark Large Cap	Pair Corr
0.75	GMWEX	Guidemark World Ex	Pair Corr
0.92	VWINX	Vanguard Wellesley Income	Pair Corr
0.92	VWIAX	Vanguard Wellesley Income	Pair Corr
0.97	BKMIX	Blackrock Multi Asset	Pair Corr
0.94	HBLTX	Hartford Balanced	Pair Corr
0.95	HBLRX	Hartford Balanced	Pair Corr
0.94	HBLSX	Hartford Balanced	Pair Corr
0.94	HBLVX	Hartford Balanced	Pair Corr
0.94	HBLYX	Hartford Balanced	Pair Corr
0.95	HBLCX	Hartford Balanced	Pair Corr
0.94	HBLIX	Hartford Balanced	Pair Corr
0.79	VGTSX	Vanguard Total Inter	Pair Corr
0.79	VTIAX	Vanguard Total Inter	Pair Corr
0.82	HTD	John Hancock Tax	Pair Corr
0.65	HRBDX	Harbor Bond Fund	Pair Corr
0.67	EBSIX	Campbell Systematic Macro	Pair Corr
0.63	BISMX	Brandes International	Pair Corr
0.92	HWACX	Hotchkis Wiley Value	Pair Corr
0.68	UTF	Cohen And Steers	Pair Corr
0.68	VICSX	Vanguard Intermediate-ter	Pair Corr
0.65	ABNOX	Ab Bond Inflation	Pair Corr
0.83	PGLSX	Global Multi Strategy	Pair Corr
0.65	SGDLX	Sprott Gold Equity Steady Growth	Pair Corr
0.75	GIOIX	Guggenheim Macro Opp	Pair Corr
0.66	ARBOX	Absolute Convertible	Pair Corr
0.74	DLDFX	Destinations Low Duration	Pair Corr

Related Correlations Analysis

	LCFYX	PCNTX	ARBOX	FSAWX	CCD	GCV
LCFYX		0.91	-0.2	-0.34	0.75	0.53	LCFYX
PCNTX	0.91		-0.56	-0.68	0.92	0.3	PCNTX
ARBOX	-0.2	-0.56		0.98	-0.74	0.41	ARBOX
FSAWX	-0.34	-0.68	0.98		-0.82	0.3	FSAWX
CCD	0.75	0.92	-0.74	-0.82		0.09	CCD
GCV	0.53	0.3	0.41	0.3	0.09		GCV
	LCFYX	PCNTX	ARBOX	FSAWX	CCD	GCV

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

FSAWX	+ 0.98	ARBOX
CCD	+ 0.92	PCNTX
PCNTX	+ 0.91	LCFYX
CCD	+ 0.75	LCFYX
GCV	+ 0.53	LCFYX
GCV	+ 0.41	ARBOX

High negative correlations

CCD	- 0.82	FSAWX
CCD	- 0.74	ARBOX
FSAWX	- 0.68	PCNTX
ARBOX	- 0.56	PCNTX
FSAWX	- 0.34	LCFYX
ARBOX	- 0.2	LCFYX

Risk-Adjusted Indicators

There is a big difference between Guidepath(r) Mutual Fund performing well and Guidepath(r) Conservative 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) Conservative'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
LCFYX	0.65	(0.02)	0.00	(0.09)	0.00	0.00	1.12	(1.34)	3.20
PCNTX	0.63	(0.05)	0.00	(0.12)	0.00	0.00	1.26	(1.28)	3.46
ARBOX	0.05	0.02	0.00	0.83	0.00	0.00	0.09	0.00	0.27
FSAWX	0.08	0.04	0.96	(1.14)	0.00	(0.14)	0.19	(0.10)	0.38
CCD	0.79	(0.15)	0.00	(0.37)	0.00	0.00	1.25	(1.67)	7.13
GCV	0.87	0.03	0.04	0.01	1.19	(0.94)	1.90	(2.14)	5.53

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