Guidestone Value Correlations

GVIYX Fund

USD 13.10 0.20 1.55%

The current 90-days correlation between Guidestone Value Equity and Ashmore Emerging Markets is -0.1 (i.e., Good 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

Very poor diversification

The correlation between Guidestone Value Equity and DJI is 0.84 (i.e., Very poor 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

0.83	GCOZX	Growth Allocation	Pair Corr
0.98	GDMYX	Defensive Market Str	Pair Corr
0.98	GDMZX	Defensive Market Str	Pair Corr
0.99	GVEYX	Value Equity Institu	Pair Corr
0.99	GVEZX	Value Equity Investor	Pair Corr
1.0	GVIZX	Guidestone Value Equity	Pair Corr
0.93	GEIYX	Guidestone Growth Equity	Pair Corr
0.93	GEIZX	Guidestone Growth Equity	Pair Corr
0.96	GEQYX	Equity Index Institu	Pair Corr
0.96	GEQZX	Equity Index Investor	Pair Corr
0.86	GFSYX	Strategic Alternatives	Pair Corr
0.87	GFSZX	Strategic Alternatives	Pair Corr
0.87	GGBZX	Aggressive Allocation	Pair Corr
0.94	GGEYX	Guidestone Fds Growth	Pair Corr
0.94	GGEZX	Growth Equity Investor	Pair Corr
0.66	GGIZX	Balanced Allocation	Pair Corr
0.84	GGRYX	Growth Allocation	Pair Corr
0.85	GMFZX	Mydestination 2045	Pair Corr
0.8	GMHYX	Mydestination 2035	Pair Corr
0.79	GMHZX	Mydestination 2035	Pair Corr
0.86	GMGYX	Mydestination 2055	Pair Corr
0.86	GMGZX	Mydestination 2055	Pair Corr

Moving against Guidestone Mutual Fund

0.65	GGBEX	Global Bond Fund	Pair Corr
0.65	GGBFX	Global Bond Fund	Pair Corr
0.51	GIIYX	International Equity	Pair Corr
0.51	GIIZX	Guidestone Funds Int	Pair Corr
0.36	GIEZX	International Equity	Pair Corr
0.35	GIEYX	International Equity	Pair Corr
0.7	GMBYX	Guidestone Funds	Pair Corr
0.69	GMBZX	Guidestone Funds	Pair Corr
0.67	GMDZX	Medium Duration Bond	Pair Corr
0.66	GMDYX	Medium Duration Bond	Pair Corr
0.44	GLDZX	Low Duration Bond	Pair Corr
0.36	GLDYX	Low Duration Bond	Pair Corr
0.34	GREZX	Global Real Estate	Pair Corr
0.31	GREYX	Global Real Estate	Pair Corr

Related Correlations Analysis

	ESDIX	LACXX	AMAXX	AGQXX	QCMMIX	ICAXX	JPAXX
ESDIX		0.66	0.66	0.13	0.64	0.0	0.66	ESDIX
LACXX	0.66		1.0	0.03	0.83	0.0	1.0	LACXX
AMAXX	0.66	1.0		0.03	0.83	0.0	1.0	AMAXX
AGQXX	0.13	0.03	0.03		-0.13	0.0	0.03	AGQXX
QCMMIX	0.64	0.83	0.83	-0.13		0.0	0.83	QCMMIX
ICAXX	0.0	0.0	0.0	0.0	0.0		0.0	ICAXX
JPAXX	0.66	1.0	1.0	0.03	0.83	0.0		JPAXX
	ESDIX	LACXX	AMAXX	AGQXX	QCMMIX	ICAXX	JPAXX

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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

AMAXX	+ 1.0	LACXX
JPAXX	+ 1.0	LACXX
JPAXX	+ 1.0	AMAXX
QCMMIX	+ 0.83	LACXX
QCMMIX	+ 0.83	AMAXX
JPAXX	+ 0.83	QCMMIX

High negative correlations

QCMMIX	- 0.13	AGQXX
JPAXX	- 0.0	ICAXX
ICAXX	- 0.0	QCMMIX
ICAXX	- 0.0	AGQXX
ICAXX	- 0.0	AMAXX
ICAXX	- 0.0	LACXX

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	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
ESDIX	0.05	0.00	(0.68)	0.33	(0.17)	0.11	(0.11)	0.68
LACXX	0.03	0.01	0.00	(2.41)	0.00	0.00	0.00	1.01
AMAXX	0.03	0.01	0.00	(2.41)	0.00	0.00	0.00	1.01
AGQXX	2.32	(1.03)	0.00	3.37	0.00	0.68	(0.23)	78.35
QCMMIX	0.02	0.01	0.00	(4.24)	0.00	0.03	0.00	0.07
ICAXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
JPAXX	0.03	0.01	0.00	(2.41)	0.00	0.00	0.00	1.01

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