Conservative Allocation Correlations

Mutual Funds . USA . 
Fund . Conservative Allocation Fund
GCAYX Fund  USD 11.80  0.04  0.34%   
The current 90-days correlation between Conservative Allocation and Ftfa Franklin Templeton Growth is 0.61 (i.e., Poor diversification). The correlation of Conservative 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.

Conservative Allocation Correlation With Market

Very weak diversification

The correlation between Conservative Allocation Fund and DJI is 0.56 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Conservative Allocation Fund 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 Conservative Allocation Fund. 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 private.

Moving together with Conservative Mutual Fund

  0.87GCOZX Growth AllocationPairCorr
  0.89GDMYX Defensive Market StrPairCorr
  0.89GDMZX Defensive Market StrPairCorr
  0.85GVEYX Value Equity InstituPairCorr
  0.85GVEZX Value Equity InvestorPairCorr
  0.79GEIYX Guidestone Growth Equity Potential GrowthPairCorr
  0.79GEIZX Guidestone Growth EquityPairCorr
  0.73GEMYX Emerging Markets EquityPairCorr
  0.74GEMZX Emerging Markets EquityPairCorr
  1.0GFIZX Conservative AllocationPairCorr
  0.67GFSYX Strategic AlternativesPairCorr
  0.67GFSZX Strategic AlternativesPairCorr
  0.83GGBZX Aggressive AllocationPairCorr
  0.72GGEYX Guidestone Fds GrowthPairCorr
  0.71GGEZX Growth Equity InvestorPairCorr
  0.9GGIZX Balanced AllocationPairCorr
  0.87GGRYX Growth AllocationPairCorr
  0.74GIEYX International EquityPairCorr
  0.63GIIYX International EquityPairCorr
  0.75GMDYX Medium Duration BondPairCorr
  0.75GMDZX Medium Duration BondPairCorr
  0.67GMBZX Guidestone FundsPairCorr
  0.81GMFZX Mydestination 2045PairCorr
  0.83GMHYX Mydestination 2035PairCorr
  0.95GMHZX Mydestination 2035PairCorr
  0.7GMGYX Mydestination 2055PairCorr
  0.71GMGZX Mydestination 2055PairCorr
  0.98GMTYX Mydestination 2015PairCorr
  0.99GMTZX Mydestination 2015PairCorr
  0.99GMWYX Mydestination 2025PairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Conservative Mutual Fund performing well and Conservative 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 Conservative 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.

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