Balanced Allocation Correlations
| GGIZX Fund | USD 12.24 0.01 0.08% |
The current 90-days correlation between Balanced Allocation and Transamerica Funds is -0.04 (i.e., Good diversification). The correlation of Balanced Allocation 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.
Balanced Allocation Correlation With Market
Poor diversification
The correlation between Balanced Allocation Fund and DJI is 0.71 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Balanced Allocation Fund and DJI in the same portfolio, assuming nothing else is changed.
Balanced |
Moving together with Balanced Mutual Fund
| 0.92 | GCOZX | Growth Allocation | PairCorr |
| 0.72 | GDMYX | Defensive Market Str | PairCorr |
| 0.72 | GDMZX | Defensive Market Str | PairCorr |
| 0.65 | GVEYX | Value Equity Institu | PairCorr |
| 0.65 | GVEZX | Value Equity Investor | PairCorr |
| 0.66 | GVIYX | Guidestone Value Equity | PairCorr |
| 0.66 | GVIZX | Guidestone Value Equity | PairCorr |
| 0.61 | GEIYX | Guidestone Growth Equity | PairCorr |
| 0.61 | GEIZX | Guidestone Growth Equity | PairCorr |
| 0.62 | GEMYX | Emerging Markets Equity | PairCorr |
| 0.61 | GEMZX | Emerging Markets Equity | PairCorr |
| 0.66 | GEQYX | Equity Index Institu | PairCorr |
| 0.66 | GEQZX | Equity Index Investor | PairCorr |
| 0.99 | GFIZX | Conservative Allocation | PairCorr |
| 0.85 | GGBZX | Aggressive Allocation | PairCorr |
| 0.92 | GGRYX | Growth Allocation | PairCorr |
| 0.91 | GMFZX | Mydestination 2045 | PairCorr |
| 0.87 | GMEYX | Guidestone Funds Impact | PairCorr |
| 0.86 | GMEZX | Guidestone Funds Impact | PairCorr |
| 0.96 | GMHYX | Mydestination 2035 | PairCorr |
| 0.96 | GMHZX | Mydestination 2035 | PairCorr |
| 0.88 | GMGYX | Mydestination 2055 | PairCorr |
| 0.88 | GMGZX | Mydestination 2055 | PairCorr |
Related Correlations Analysis
| 0.72 | 0.09 | 1.0 | 0.3 | 1.0 | 1.0 | IMLXX | ||
| 0.72 | 0.62 | 0.72 | 0.28 | 0.72 | 0.72 | CHNTX | ||
| 0.09 | 0.62 | 0.09 | 0.09 | 0.09 | 0.09 | STSEX | ||
| 1.0 | 0.72 | 0.09 | 0.3 | 1.0 | 1.0 | AMAXX | ||
| 0.3 | 0.28 | 0.09 | 0.3 | 0.3 | 0.3 | PBMXX | ||
| 1.0 | 0.72 | 0.09 | 1.0 | 0.3 | 1.0 | DSHXX | ||
| 1.0 | 0.72 | 0.09 | 1.0 | 0.3 | 1.0 | TRZXX | ||
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Risk-Adjusted Indicators
There is a big difference between Balanced Mutual Fund performing well and Balanced Allocation 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 Balanced Allocation'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| IMLXX | 0.03 | 0.01 | 0.00 | (2.41) | 0.00 | 0.00 | 1.01 | |||
| CHNTX | 0.51 | 0.02 | 0.00 | 0.14 | 0.42 | 0.97 | 3.50 | |||
| STSEX | 0.51 | (0.05) | (0.11) | 0.05 | 0.70 | 0.95 | 3.90 | |||
| AMAXX | 0.03 | 0.01 | 0.00 | (2.41) | 0.00 | 0.00 | 1.01 | |||
| PBMXX | 0.03 | 0.00 | 0.00 | 0.47 | 0.00 | 0.00 | 1.01 | |||
| DSHXX | 0.03 | 0.01 | 0.00 | (2.41) | 0.00 | 0.00 | 1.01 | |||
| TRZXX | 0.03 | 0.01 | 0.00 | (2.41) | 0.00 | 0.00 | 1.01 |