Growth Allocation Correlations

Mutual Funds . USA . 
Fund . Growth Allocation Fund
GCOZX Fund  USD 13.39  0.05  0.37%   
The current 90-days correlation between Growth Allocation and American Funds The is 0.96 (i.e., Almost no diversification). The correlation of Growth 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.

Growth Allocation Correlation With Market

Almost no diversification

The correlation between Growth Allocation Fund and DJI is 0.96 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Growth 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 Growth 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 nation.

Moving together with Growth Mutual Fund

  0.98GDMYX Defensive Market StrPairCorr
  0.98GDMZX Defensive Market StrPairCorr
  0.88GVEYX Value Equity InstituPairCorr
  0.88GVEZX Value Equity InvestorPairCorr
  0.94GVIYX Guidestone Value EquityPairCorr
  0.94GVIZX Guidestone Value EquityPairCorr
  0.98GEIYX Guidestone Growth EquityPairCorr
  0.98GEIZX Guidestone Growth EquityPairCorr
  0.99GEMYX Emerging Markets EquityPairCorr
  0.99GEMZX Emerging Markets EquityPairCorr
  0.99GEQYX Equity Index InstituPairCorr
  0.99GEQZX Equity Index InvestorPairCorr
  0.99GFIZX Conservative AllocationPairCorr
  0.7GFSYX Strategic AlternativesPairCorr
  0.69GFSZX Strategic AlternativesPairCorr
  1.0GGBZX Aggressive AllocationPairCorr
  0.68GGBEX Global Bond FundPairCorr
  0.68GGBFX Global Bond FundPairCorr
  0.98GGEYX Guidestone Fds GrowthPairCorr
  0.98GGEZX Growth Equity InvestorPairCorr
  1.0GGIZX Balanced AllocationPairCorr
  1.0GGRYX Growth AllocationPairCorr
  0.97GIEYX International EquityPairCorr
  0.97GIEZX International EquityPairCorr
  0.96GIIYX International EquityPairCorr
  0.96GIIZX Guidestone Funds IntPairCorr
  0.66GLDYX Low Duration BondPairCorr
  1.0GMFZX Mydestination 2045PairCorr
  0.98GMEYX Guidestone Funds ImpactPairCorr
  0.98GMEZX Guidestone Funds ImpactPairCorr
  1.0GMHYX Mydestination 2035PairCorr
  1.0GMHZX Mydestination 2035PairCorr
  1.0GMGYX Mydestination 2055PairCorr
  1.0GMGZX Mydestination 2055PairCorr

Moving against Growth Mutual Fund

  0.35GMBZX Guidestone FundsPairCorr
  0.31GMBYX Guidestone FundsPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Growth Mutual Fund performing well and Growth 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 Growth 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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
FFIFX  0.53  0.04  0.02  0.10  0.98 
(0.49)
 1.03 
(1.20)
 5.07 
FAIFX  0.52  0.04  0.02  0.10  0.96 
(0.51)
 1.01 
(1.18)
 4.98 
IFACX  0.52  0.03  0.02  0.09  0.98 
(0.50)
 0.97 
(1.22)
 5.06 
IFAFX  0.52  0.04  0.02  0.10  0.98 
(0.50)
 1.02 
(1.20)
 5.04 
AMECX  0.53  0.03  0.01  0.08  0.97 
(0.47)
 0.99 
(1.19)
 4.99 
RIDBX  0.52  0.03  0.02  0.09  0.97 
(0.50)
 1.01 
(1.22)
 5.05 
CIMEX  0.53  0.04  0.02  0.10  0.96 
(0.51)
 1.00 
(1.21)
 5.01 
RIDFX  0.52  0.04  0.02  0.10  0.98 
(0.48)
 1.03 
(1.22)
 5.11 
CIMCX  0.52  0.03  0.02  0.09  0.96 
(0.47)
 1.00 
(1.20)
 5.04 
CIMFX  0.52  0.04  0.02  0.10  0.98 
(0.47)
 0.98 
(1.20)
 5.04 

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