Guidestone Funds Correlations

GMEZX Fund

12.85 0.01 0.08%

The current 90-days correlation between Guidestone Funds Impact and Ambrus Core Bond is -0.14 (i.e., Good diversification). The correlation of Guidestone Funds 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 Funds Correlation With Market

Poor diversification

The correlation between Guidestone Funds Impact and DJI is 0.72 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Guidestone Funds Impact 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 Funds Impact. 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 nation.

Moving together with Guidestone Mutual Fund

0.79	GCOZX	Growth Allocation	Pair Corr
0.68	GEMYX	Emerging Markets Equity	Pair Corr
0.68	GEMZX	Emerging Markets Equity	Pair Corr
0.82	GFIZX	Conservative Allocation	Pair Corr
0.73	GGBZX	Aggressive Allocation	Pair Corr
0.86	GGIZX	Balanced Allocation	Pair Corr
0.79	GGRYX	Growth Allocation	Pair Corr
0.65	GIEYX	International Equity	Pair Corr
0.64	GIEZX	International Equity	Pair Corr
0.79	GMFZX	Mydestination 2045	Pair Corr
0.99	GMEYX	Guidestone Funds Impact	Pair Corr
0.83	GMHYX	Mydestination 2035	Pair Corr
0.84	GMHZX	Mydestination 2035	Pair Corr
0.77	GMGYX	Mydestination 2055	Pair Corr
0.77	GMGZX	Mydestination 2055	Pair Corr

Related Correlations Analysis

	TTRBX	ABNTX	MDMTX	PATIX	PATFX	OKMUX	USCBX	PRVBX
TTRBX		0.89	0.8	0.83	0.75	0.81	0.65	0.19	TTRBX
ABNTX	0.89		0.62	0.8	0.75	0.68	0.57	0.43	ABNTX
MDMTX	0.8	0.62		0.8	0.77	0.95	0.86	-0.16	MDMTX
PATIX	0.83	0.8	0.8		0.95	0.91	0.87	0.3	PATIX
PATFX	0.75	0.75	0.77	0.95		0.88	0.9	0.4	PATFX
OKMUX	0.81	0.68	0.95	0.91	0.88		0.93	0.02	OKMUX
USCBX	0.65	0.57	0.86	0.87	0.9	0.93		0.17	USCBX
PRVBX	0.19	0.43	-0.16	0.3	0.4	0.02	0.17		PRVBX
	TTRBX	ABNTX	MDMTX	PATIX	PATFX	OKMUX	USCBX	PRVBX

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

OKMUX	+ 0.95	MDMTX
PATFX	+ 0.95	PATIX
USCBX	+ 0.93	OKMUX
OKMUX	+ 0.91	PATIX
USCBX	+ 0.9	PATFX
ABNTX	+ 0.89	TTRBX

High negative correlations

PRVBX

- 0.16

MDMTX

Risk-Adjusted Indicators

There is a big difference between Guidestone Mutual Fund performing well and Guidestone Funds 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 Funds' 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
TTRBX	0.13	0.00	(0.59)	0.28	0.16	(0.17)	0.30	(0.30)	0.70
ABNTX	0.14	(0.01)	(0.49)	(0.75)	0.19	(0.17)	0.29	(0.30)	0.88
MDMTX	0.17	0.01	(0.28)	0.01	0.24	(0.23)	0.38	(0.56)	1.33
PATIX	0.06	0.00	(0.33)	0.10	0.08	(0.20)	0.18	(0.18)	0.73
PATFX	0.16	0.02	(0.24)	(0.08)	0.22	(0.24)	0.44	(0.35)	1.69
OKMUX	0.15	0.01	(0.23)	0.00	0.23	(0.27)	0.29	(0.47)	1.52
USCBX	0.16	0.02	(0.24)	(0.09)	0.22	(0.23)	0.39	(0.29)	1.74
PRVBX	0.09	0.00	(0.87)	0.49	0.00	(0.10)	0.20	(0.20)	0.53

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