Guidestone Value Correlations

GVIYX Fund

USD 12.76 0.04 0.31%

The current 90-days correlation between Guidestone Value Equity and Pnc Emerging Markets is 0.35 (i.e., Weak diversification). The correlation of Guidestone Value 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.

Guidestone Value Correlation With Market

Significant diversification

The correlation between Guidestone Value Equity and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Guidestone Value Equity 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 Guidestone Value Equity. 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 Guidestone Mutual Fund

0.86	GCOZX	Growth Allocation	Pair Corr
0.94	GDMYX	Defensive Market Str	Pair Corr
0.94	GDMZX	Defensive Market Str	Pair Corr
0.94	GVEYX	Value Equity Institu	Pair Corr
0.99	GVEZX	Value Equity Investor	Pair Corr
1.0	GVIZX	Guidestone Value Equity	Pair Corr
0.89	GEIYX	Guidestone Growth Equity	Pair Corr
0.89	GEIZX	Guidestone Growth Equity	Pair Corr
0.93	GEQYX	Equity Index Institu	Pair Corr
0.96	GEQZX	Equity Index Investor	Pair Corr
0.66	GFIZX	Conservative Allocation	Pair Corr
0.84	GFSYX	Strategic Alternatives	Pair Corr
0.89	GGBZX	Aggressive Allocation	Pair Corr
0.9	GGEYX	Guidestone Fds Growth	Pair Corr
0.93	GGEZX	Growth Equity Investor	Pair Corr
0.8	GGRYX	Growth Allocation	Pair Corr
0.88	GMFZX	Mydestination 2045	Pair Corr
0.75	GMHYX	Mydestination 2035	Pair Corr
0.75	GMHZX	Mydestination 2035	Pair Corr
0.89	GMGYX	Mydestination 2055	Pair Corr
0.82	GMGZX	Mydestination 2055	Pair Corr

Moving against Guidestone Mutual Fund

0.6	GGBFX	Global Bond Fund	Pair Corr
0.57	GGBEX	Global Bond Fund	Pair Corr
0.66	GMDZX	Medium Duration Bond	Pair Corr
0.64	GMDYX	Medium Duration Bond	Pair Corr
0.64	GMBYX	Guidestone Funds	Pair Corr
0.64	GMBZX	Guidestone Funds	Pair Corr
0.35	GIIYX	International Equity	Pair Corr

Related Correlations Analysis

	PIEFX	LAIXX	REMVX	PWEAX	SMNIX	DBELX
PIEFX		0.28	0.82	0.92	-0.13	-0.09	PIEFX
LAIXX	0.28		0.21	0.3	-0.31	-0.07	LAIXX
REMVX	0.82	0.21		0.95	0.25	0.38	REMVX
PWEAX	0.92	0.3	0.95		0.03	0.14	PWEAX
SMNIX	-0.13	-0.31	0.25	0.03		0.48	SMNIX
DBELX	-0.09	-0.07	0.38	0.14	0.48		DBELX
	PIEFX	LAIXX	REMVX	PWEAX	SMNIX	DBELX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

PWEAX	+ 0.95	REMVX
PWEAX	+ 0.92	PIEFX
REMVX	+ 0.82	PIEFX
DBELX	+ 0.48	SMNIX
DBELX	+ 0.38	REMVX
PWEAX	+ 0.3	LAIXX

High negative correlations

SMNIX	- 0.31	LAIXX
SMNIX	- 0.13	PIEFX
DBELX	- 0.09	PIEFX
DBELX	- 0.07	LAIXX

Risk-Adjusted Indicators

There is a big difference between Guidestone Mutual Fund performing well and Guidestone Value 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 Guidestone Value'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
PIEFX	0.80	0.03	(0.08)	(0.12)	0.98	(0.91)	1.82	(1.45)	4.54
LAIXX	0.03	0.01	0.00	(0.12)	0.00	0.00	0.00	0.00	1.01
REMVX	0.90	(0.08)	0.00	(0.08)	0.00	0.00	1.78	(2.04)	6.85
PWEAX	0.76	(0.02)	(0.08)	0.03	1.07	(0.73)	1.64	(1.76)	6.28
SMNIX	0.37	(0.08)	0.00	(1.75)	0.00	0.00	0.77	(0.95)	2.60
DBELX	0.34	(0.07)	0.00	(0.79)	0.00	0.00	0.68	(0.68)	1.97

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

2024 Macroaxis LLC