Guidepath(r) Tactical Correlations

Mutual Funds . USA . 
Fund . Guidepath Tactical Allocation
GPTUX Fund  USD 13.51  0.11  0.82%   
The current 90-days correlation between Guidepath(r) Tactical and Guidepath Servative Allocation is 0.64 (i.e., Poor diversification). The correlation of Guidepath(r) Tactical 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) Tactical Correlation With Market

Very poor diversification

The correlation between Guidepath Tactical 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 Tactical 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 Tactical 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 manufacturing.

Moving together with Guidepath(r) Mutual Fund

  0.61GMCOX Guidemark E FixedPairCorr
  0.83GMLVX Guidemark Large CapPairCorr
  0.68GMLGX Guidemark Large CapPairCorr
  0.97GMSMX Guidemark Smallmid CapPairCorr
  0.98GMWEX Guidemark World ExPairCorr
  0.98GPSTX Guidepath Growth AllPairCorr
  0.89GPTCX Guidepath(r) ConservativePairCorr
  0.8PAALX All Asset FundPairCorr
  0.8PATRX Pimco All AssetPairCorr
  0.8PAAIX All Asset FundPairCorr
  0.8PALPX Pimco All AssetPairCorr
  0.8PASAX All Asset FundPairCorr
  0.8PASCX All Asset FundPairCorr
  0.8PAANX Pimco All AssetPairCorr
  0.79PAUPX Pimco All AssetPairCorr
  0.79PAUIX Pimco All AssetPairCorr
  0.78WARRX Wells Fargo AdvantagePairCorr
  0.82VSTSX Vanguard Total StockPairCorr
  0.82VSMPX Vanguard Total StockPairCorr
  0.82VITSX Vanguard Total StockPairCorr
  0.81VFFSX Vanguard 500 IndexPairCorr
  0.81VFIAX Vanguard 500 IndexPairCorr
  0.82VTSAX Vanguard Total StockPairCorr
  0.86VTSNX Vanguard Total InterPairCorr
  0.87VTISX Vanguard Total InterPairCorr
  0.86VTPSX Vanguard Total InterPairCorr
  0.81VINIX Vanguard InstitutionalPairCorr
  0.71PFOAX Pimco Foreign BondPairCorr
  0.86PRMSX T Rowe PricePairCorr
  0.88SWLVX Schwab Large CapPairCorr
  0.76GDIIX Rnc Genter DividendPairCorr
  0.87DPLTX Dreyfus High YieldPairCorr
  0.9RTDAX Multifactor EquityPairCorr
  0.89FQIFX Fidelity Freedom IndexPairCorr
  0.88MRSPX Blackrock Value OppsPairCorr
  0.91RBEEX American Funds 2030PairCorr
  0.87RCATX American Funds 2010PairCorr
  0.83FGDIX Fidelity Advisor Gold Steady GrowthPairCorr
  0.91RCMTX American Funds 2055PairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

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