Guidepath Tactical Correlations

GPTUX Fund

USD 12.26 0.19 1.53%

The current 90-days correlation between Guidepath Tactical and Guidemark E Fixed is -0.13 (i.e., Good diversification). The correlation of Guidepath 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 Tactical Correlation With Market

Good diversification

The correlation between Guidepath Tactical Allocation and DJI is -0.05 (i.e., Good 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 employment.

Moving together with Guidepath Mutual Fund

0.88	GMLGX	Guidemark Large Cap	Pair Corr
0.99	GMSMX	Guidemark Smallmid Cap	Pair Corr
0.95	GPSTX	Guidepath Growth All	Pair Corr
0.66	ABRIX	Invesco Balanced Risk	Pair Corr
0.61	TCTGX	Transamerica Cleartrack	Pair Corr
0.64	TCSUX	Cleartrack 2020 Class	Pair Corr

Moving against Guidepath Mutual Fund

0.83	USPSX	Profunds Ultrashort Steady Growth	Pair Corr
0.66	GMCOX	Guidemark E Fixed	Pair Corr
0.96	RYURX	Inverse Sp 500 Steady Growth	Pair Corr
0.86	USPIX	Profunds Ultrashort Upward Rally	Pair Corr
0.79	UIPIX	Ultrashort Mid Cap Steady Growth	Pair Corr
0.69	VARAX	Vivaldi Merger Arbitrage	Pair Corr
0.65	VARCX	First Trust Merger	Pair Corr
0.56	FEGOX	First Eagle Gold	Pair Corr
0.52	VEDTX	Vanguard Extended	Pair Corr
0.47	MICDX	Matthews China Dividend	Pair Corr
0.45	MDBLX	Massmutual Premier	Pair Corr
0.39	CFHAX	Catalyst Hedged Modity	Pair Corr
0.89	RYCLX	Inverse Mid Cap Steady Growth	Pair Corr
0.88	SNAXX	Charles Schwab	Pair Corr

Related Correlations Analysis

	GMCOX	GMLVX	GMLGX	GMSMX	GMWEX	GPSTX	GPTCX
GMCOX		0.23	-0.42	-0.68	0.66	-0.49	0.18	GMCOX
GMLVX	0.23		0.5	0.29	0.78	0.52	0.82	GMLVX
GMLGX	-0.42	0.5		0.88	0.12	0.9	0.7	GMLGX
GMSMX	-0.68	0.29	0.88		-0.15	0.95	0.53	GMSMX
GMWEX	0.66	0.78	0.12	-0.15		0.15	0.73	GMWEX
GPSTX	-0.49	0.52	0.9	0.95	0.15		0.75	GPSTX
GPTCX	0.18	0.82	0.7	0.53	0.73	0.75		GPTCX
	GMCOX	GMLVX	GMLGX	GMSMX	GMWEX	GPSTX	GPTCX

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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

GPSTX	+ 0.95	GMSMX
GPSTX	+ 0.9	GMLGX
GMSMX	+ 0.88	GMLGX
GPTCX	+ 0.82	GMLVX
GMWEX	+ 0.78	GMLVX
GPTCX	+ 0.75	GPSTX

High negative correlations

GMSMX	- 0.68	GMCOX
GPSTX	- 0.49	GMCOX
GMLGX	- 0.42	GMCOX
GMWEX	- 0.15	GMSMX

Risk-Adjusted Indicators

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

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
GMCOX	0.27	0.00	0.32	(0.23)	0.31	(0.31)	0.61	(0.61)	1.84
GMLVX	0.94	0.02	0.00	(0.08)	0.00	0.00	1.64	(2.44)	7.39
GMLGX	1.16	(0.14)	0.00	0.77	0.00	0.00	1.74	(2.13)	7.90
GMSMX	1.20	(0.20)	0.00	3.07	0.00	0.00	1.78	(2.54)	9.31
GMWEX	0.85	0.04	0.10	(0.89)	1.53	(0.80)	1.78	(1.95)	8.63
GPSTX	1.03	(0.12)	0.00	1.19	0.00	0.00	1.60	(1.90)	7.70
GPTCX	0.43	(0.03)	0.00	0.51	0.00	0.00	0.72	(0.90)	3.78

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