Value Equity Correlations

GVEYX Fund

USD 19.52 0.02 0.10%

The current 90-days correlation between Value Equity Institu and Hartford Moderate Allocation is 0.45 (i.e., Very weak diversification). The correlation of Value Equity 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.

Value Equity Correlation With Market

Weak diversification

The correlation between Value Equity Institutional and DJI is 0.33 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Value Equity Institutional 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 Value Equity Institutional. 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 Value Mutual Fund

0.94	GDMYX	Defensive Market Str	Pair Corr
0.99	GDMZX	Defensive Market Str	Pair Corr
1.0	GVEZX	Value Equity Investor	Pair Corr
0.95	GVIYX	Guidestone Value Equity	Pair Corr
0.95	GVIZX	Guidestone Value Equity	Pair Corr
0.63	GFIZX	Conservative Allocation	Pair Corr
0.98	GFSYX	Strategic Alternatives	Pair Corr
0.95	GFSZX	Strategic Alternatives	Pair Corr
0.96	GGEYX	Guidestone Fds Growth	Pair Corr
0.96	GGEZX	Growth Equity Investor	Pair Corr
0.68	GGIZX	Balanced Allocation	Pair Corr
0.88	GIEYX	International Equity	Pair Corr
0.92	GIEZX	International Equity	Pair Corr
0.86	GMFZX	Mydestination 2045	Pair Corr
0.97	GMEYX	Guidestone Funds Impact	Pair Corr
0.97	GMEZX	Guidestone Funds Impact	Pair Corr
0.96	GMHYX	Mydestination 2035	Pair Corr
0.96	GMHZX	Mydestination 2035	Pair Corr
0.82	GMGYX	Mydestination 2055	Pair Corr
0.83	GMGZX	Mydestination 2055	Pair Corr

Moving against Value Mutual Fund

0.72	GLDYX	Low Duration Bond	Pair Corr
0.71	GLDZX	Low Duration Bond	Pair Corr

Related Correlations Analysis

	HBACX	LMUSX	ILESX	UPAAX	CMACX	DOXGX	FMTIX	GGRYX
HBACX		0.91	0.88	0.61	0.84	0.73	0.99	0.92	HBACX
LMUSX	0.91		0.96	0.41	0.83	0.75	0.92	0.86	LMUSX
ILESX	0.88	0.96		0.34	0.87	0.77	0.9	0.89	ILESX
UPAAX	0.61	0.41	0.34		0.47	0.2	0.57	0.37	UPAAX
CMACX	0.84	0.83	0.87	0.47		0.65	0.84	0.85	CMACX
DOXGX	0.73	0.75	0.77	0.2	0.65		0.77	0.88	DOXGX
FMTIX	0.99	0.92	0.9	0.57	0.84	0.77		0.94	FMTIX
GGRYX	0.92	0.86	0.89	0.37	0.85	0.88	0.94		GGRYX
	HBACX	LMUSX	ILESX	UPAAX	CMACX	DOXGX	FMTIX	GGRYX

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Risk-Adjusted Indicators

There is a big difference between Value Mutual Fund performing well and Value Equity 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 Value Equity'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
HBACX	0.36	0.00	(0.08)	0.09	0.55	(0.35)	0.79	(0.70)	2.93
LMUSX	0.74	0.00	(0.02)	0.08	1.19	(0.70)	1.27	(1.59)	6.30
ILESX	0.70	(0.01)	(0.05)	0.06	1.00	(0.69)	1.24	(1.84)	6.28
UPAAX	1.68	0.15	0.03	2.28	2.38	(1.75)	3.46	(3.45)	13.88
CMACX	0.38	0.00	(0.11)	0.02	0.61	(0.35)	0.73	(0.92)	2.88
DOXGX	0.55	0.02	(0.04)	0.13	0.67	(0.60)	1.27	(1.00)	5.95
FMTIX	0.38	0.00	(0.09)	0.07	0.55	(0.37)	0.82	(0.75)	2.93
GGRYX	0.41	(0.01)	(0.09)	0.05	0.58	(0.45)	0.86	(0.76)	3.17

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