Guidepath(r) Tactical Correlations

Mutual Funds . USA . 
Fund . Guidepath Tactical Allocation
GPTUX Fund  USD 13.39  0.12  0.89%   
The current 90-days correlation between Guidepath(r) Tactical and Growth Allocation Fund is -0.01 (i.e., Good 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

Poor diversification

The correlation between Guidepath Tactical Allocation and DJI is 0.76 (i.e., 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 persons.

Moving together with Guidepath(r) Mutual Fund

  0.74GMLVX Guidemark Large CapPairCorr
  0.72GMLGX Guidemark Large CapPairCorr
  0.97GMSMX Guidemark Smallmid CapPairCorr
  0.93GPTCX Guidepath ServativePairCorr
  0.87PAALX All Asset FundPairCorr
  0.86PATRX Pimco All AssetPairCorr
  0.87PAAIX All Asset FundPairCorr
  0.87PALPX Pimco All AssetPairCorr
  0.86PASAX All Asset FundPairCorr
  0.86PASCX All Asset FundPairCorr
  0.87PAANX Pimco All AssetPairCorr
  0.86PAUPX Pimco All AssetPairCorr
  0.87PAUIX Pimco All AssetPairCorr
  0.77WARRX Wells Fargo AdvantagePairCorr
  0.92BRUFX Bruce Fund BrucePairCorr
  0.9SPGSX State Street PremierPairCorr
  0.72KF Korea ClosedPairCorr
  0.92FSNLX Fidelity Freedom 2015PairCorr
  0.82WSMDX William Blair SmallPairCorr
  0.93HBATX Hartford ModeratePairCorr
  0.83PPQZX Pimco Realpath BlendPairCorr
  0.8QALTX Quantified AlternativePairCorr
  0.88CSAIX Credit Suisse Managed Downward RallyPairCorr
  0.82BZGIX Blackrock CollegeadvantagePairCorr
  0.9BWBFX Baron WealthbuilderPairCorr
  0.9MDDLX Massmutual SelectPairCorr
  0.9PFPMX Parnassus Mid CapPairCorr
  0.73PCVRX Putnam Vertible SecuPairCorr
  0.87BGVCX Brandes Global EquityPairCorr
  0.88ABSZX Ab Discovery ValuePairCorr
  0.76QISOX Pear Tree PolarisPairCorr
  0.72VEXRX Vanguard ExplorerPairCorr

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.

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