Defensive Market Correlations

Mutual Funds USA . 
Fund . Defensive Market Strategies
GDMYX Fund  USD 11.95  0.04  0.34%   
The current 90-days correlation between Defensive Market Str and Guidemark Smallmid Cap is 0.89 (i.e., Very poor diversification). The correlation of Defensive Market 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.

Defensive Market Correlation With Market

Good diversification

The correlation between Defensive Market Strategies and DJI is -0.16 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Defensive Market Strategies 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 Defensive Market Strategies. 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 Defensive Mutual Fund

  0.99GCOZX Growth AllocationPairCorr
  1.0GDMZX Defensive Market StrPairCorr
  0.92GVEYX Value Equity InstituPairCorr
  0.92GVEZX Value Equity InvestorPairCorr
  0.99GVIYX Guidestone Value EquityPairCorr
  0.99GVIZX Guidestone Value EquityPairCorr
  0.99GEIYX Guidestone Growth EquityPairCorr
  1.0GEIZX Guidestone Growth EquityPairCorr
  0.98GEMYX Emerging Markets EquityPairCorr
  0.98GEMZX Emerging Markets EquityPairCorr
  0.98GEQYX Equity Index InstituPairCorr
  0.98GEQZX Equity Index InvestorPairCorr
  0.99GFIZX Conservative AllocationPairCorr
  1.0GGBZX Aggressive AllocationPairCorr
  0.77GGBEX Global Bond FundPairCorr
  0.76GGBFX Global Bond FundPairCorr
  0.98GGEYX Guidestone Fds GrowthPairCorr
  1.0GGEZX Growth Equity InvestorPairCorr
  0.98GGIZX Balanced AllocationPairCorr
  0.99GGRYX Growth AllocationPairCorr
  0.96GIEYX International EquityPairCorr
  0.95GIEZX International EquityPairCorr
  0.95GIIYX International EquityPairCorr
  0.96GIIZX Guidestone Funds IntPairCorr
  0.85GLDYX Low Duration BondPairCorr
  0.85GLDZX Low Duration BondPairCorr
  0.72GMDYX Medium Duration BondPairCorr
  0.72GMDZX Medium Duration BondPairCorr
  0.98GMFZX Mydestination 2045PairCorr
  0.99GMEYX Guidestone Funds ImpactPairCorr
  0.98GMHYX Mydestination 2035PairCorr
  0.98GMHZX Mydestination 2035PairCorr
  0.99GMGYX Mydestination 2055PairCorr
  1.0GMGZX Mydestination 2055PairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Defensive Mutual Fund performing well and Defensive Market 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 Defensive Market'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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