Guidestone Growth Correlations

Mutual Funds . USA . 
Fund . Guidestone Growth Equity
GEIYX Fund  USD 18.96  0.07  0.37%   
The current 90-days correlation between Guidestone Growth Equity and Growth Allocation Fund is -0.16 (i.e., Good diversification). The correlation of Guidestone Growth 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 Growth Correlation With Market

Good diversification

The correlation between Guidestone Growth Equity and DJI is -0.13 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Guidestone Growth 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 Growth 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 national income and product accounts.

Moving together with Guidestone Mutual Fund

  0.93GCOZX Growth AllocationPairCorr
  0.96GDMYX Defensive Market StrPairCorr
  0.96GDMZX Defensive Market StrPairCorr
  0.86GVEYX Value Equity InstituPairCorr
  0.85GVEZX Value Equity InvestorPairCorr
  0.85GVIYX Guidestone Value EquityPairCorr
  0.83GVIZX Guidestone Value EquityPairCorr
  1.0GEIZX Guidestone Growth EquityPairCorr
  0.92GEMYX Emerging Markets EquityPairCorr
  0.92GEMZX Emerging Markets EquityPairCorr
  0.96GEQYX Equity Index InstituPairCorr
  0.96GEQZX Equity Index InvestorPairCorr
  0.93GFIZX Conservative AllocationPairCorr
  0.77GFSYX Strategic AlternativesPairCorr
  0.77GFSZX Strategic AlternativesPairCorr
  0.94GGBZX Aggressive AllocationPairCorr
  0.84GGBEX Global Bond FundPairCorr
  0.83GGBFX Global Bond FundPairCorr
  1.0GGEYX Guidestone Fds GrowthPairCorr
  0.96GGEZX Growth Equity InvestorPairCorr
  0.93GGIZX Balanced AllocationPairCorr
  0.93GGRYX Growth AllocationPairCorr
  0.78GIEYX International EquityPairCorr
  0.77GIEZX International EquityPairCorr
  0.8GIIYX International EquityPairCorr
  0.82GIIZX Guidestone Funds IntPairCorr
  0.91GLDYX Low Duration BondPairCorr
  0.9GLDZX Low Duration BondPairCorr
  0.89GMDYX Medium Duration BondPairCorr
  0.88GMDZX Medium Duration BondPairCorr
  0.78GMBYX Guidestone FundsPairCorr
  0.74GMBZX Guidestone FundsPairCorr
  0.94GMFZX Mydestination 2045PairCorr
  0.94GMHYX Mydestination 2035PairCorr
  0.94GMHZX Mydestination 2035PairCorr
  0.96GMGYX Mydestination 2055PairCorr
  0.94GMGZX Mydestination 2055PairCorr
  0.95GMTYX Mydestination 2015PairCorr
  0.95GMTZX Mydestination 2015PairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Guidestone Mutual Fund performing well and Guidestone Growth 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 Growth'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
GCOZX  0.33  0.03 (0.01) 0.13  0.15 
(0.40)
 0.87 
(0.51)
 2.01 
GDMYX  0.22  0.07 (0.05)(0.88) 0.00 
(0.29)
 0.49 
(0.33)
 1.43 
GDMZX  0.22  0.07 (0.05)(1.06) 0.00 
(0.29)
 0.49 
(0.41)
 1.43 
GVEYX  0.46  0.10  0.02 (1.02) 0.33 
(0.59)
 1.12 
(0.79)
 2.73 
GVEZX  0.46  0.10  0.02 (1.02) 0.33 
(0.59)
 1.12 
(0.76)
 2.63 
GVIYX  0.41  0.08 (0.02)(0.46) 0.29 
(0.57)
 0.99 
(0.71)
 2.41 
GVIZX  0.42  0.08  0.01  1.45  0.28 
(0.57)
 0.99 
(0.71)
 2.40 
GEIYX  0.55  0.16  0.10 (1.03) 0.53 
(0.61)
 1.22 
(1.09)
 3.36 
GEIZX  0.55  0.16  0.09 (0.92) 0.52 
(0.64)
 1.22 
(1.09)
 3.36 
GEMYX  0.51  0.10  0.10  0.32  0.30 
(0.62)
 1.25 
(0.83)
 2.79 

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
2025 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY