Equity Index Correlations

GEQZX Fund

USD 67.79 1.03 1.54%

The current 90-days correlation between Equity Index Investor and Equity Index Institutional is -0.15 (i.e., Good diversification). The correlation of Equity Index 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.

Equity Index Correlation With Market

Good diversification

The correlation between Equity Index Investor and DJI is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Equity Index Investor 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 Equity Index Investor. 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 Equity Mutual Fund

0.92	GCOZX	Growth Allocation	Pair Corr
0.74	GDMYX	Defensive Market Str	Pair Corr
0.93	GDMZX	Defensive Market Str	Pair Corr
0.84	GVEYX	Value Equity Institu	Pair Corr
0.84	GVEZX	Value Equity Investor	Pair Corr
0.88	GVIYX	Guidestone Value Equity	Pair Corr
0.87	GVIZX	Guidestone Value Equity	Pair Corr
0.94	GEIYX	Guidestone Growth Equity	Pair Corr
0.95	GEIZX	Guidestone Growth Equity	Pair Corr
0.95	GEMYX	Emerging Markets Equity	Pair Corr
0.95	GEMZX	Emerging Markets Equity	Pair Corr
0.95	GEQYX	Equity Index Institu	Pair Corr
0.91	GFIZX	Conservative Allocation	Pair Corr
0.87	GFSYX	Strategic Alternatives	Pair Corr
0.63	GFSZX	Strategic Alternatives	Pair Corr
0.92	GGBZX	Aggressive Allocation	Pair Corr
0.69	GGBFX	Global Bond Fund	Pair Corr
0.97	GGEYX	Guidestone Fds Growth	Pair Corr
0.91	GGEZX	Growth Equity Investor	Pair Corr
0.92	GGIZX	Balanced Allocation	Pair Corr
0.92	GGRYX	Growth Allocation	Pair Corr
0.79	GIEYX	International Equity	Pair Corr
0.78	GIEZX	International Equity	Pair Corr
0.86	GIIZX	Guidestone Funds Int	Pair Corr
0.85	GLDYX	Low Duration Bond	Pair Corr
0.85	GLDZX	Low Duration Bond	Pair Corr
0.84	GMDYX	Medium Duration Bond	Pair Corr
0.83	GMDZX	Medium Duration Bond	Pair Corr
0.71	GMBYX	Guidestone Funds	Pair Corr
0.93	GMFZX	Mydestination 2045	Pair Corr
0.99	GMHYX	Mydestination 2035	Pair Corr
0.99	GMHZX	Mydestination 2035	Pair Corr
0.93	GMGYX	Mydestination 2055	Pair Corr
0.93	GMGZX	Mydestination 2055	Pair Corr
0.97	GMTYX	Mydestination 2015	Pair Corr
0.92	GMTZX	Mydestination 2015	Pair Corr
0.93	GMWYX	Mydestination 2025	Pair Corr

Related Correlations Analysis

	GEQYX	RFVTX	PRMSX	ITHAX	VWICX	DODGX	VTCAX	TRRGX	BXSL
GEQYX		0.94	0.98	0.9	0.94	0.49	0.67	0.97	-0.78	GEQYX
RFVTX	0.94		0.95	0.97	0.98	0.47	0.71	0.94	-0.84	RFVTX
PRMSX	0.98	0.95		0.9	0.97	0.44	0.65	0.97	-0.84	PRMSX
ITHAX	0.9	0.97	0.9		0.94	0.47	0.72	0.9	-0.77	ITHAX
VWICX	0.94	0.98	0.97	0.94		0.44	0.65	0.94	-0.87	VWICX
DODGX	0.49	0.47	0.44	0.47	0.44		0.62	0.6	-0.33	DODGX
VTCAX	0.67	0.71	0.65	0.72	0.65	0.62		0.76	-0.64	VTCAX
TRRGX	0.97	0.94	0.97	0.9	0.94	0.6	0.76		-0.83	TRRGX
BXSL	-0.78	-0.84	-0.84	-0.77	-0.87	-0.33	-0.64	-0.83		BXSL
	GEQYX	RFVTX	PRMSX	ITHAX	VWICX	DODGX	VTCAX	TRRGX	BXSL

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

PRMSX	+ 0.98	GEQYX
VWICX	+ 0.98	RFVTX
TRRGX	+ 0.97	GEQYX
ITHAX	+ 0.97	RFVTX
VWICX	+ 0.97	PRMSX
TRRGX	+ 0.97	PRMSX

High negative correlations

BXSL	- 0.87	VWICX
BXSL	- 0.84	PRMSX
BXSL	- 0.84	RFVTX
BXSL	- 0.83	TRRGX
BXSL	- 0.78	GEQYX
BXSL	- 0.77	ITHAX

Risk-Adjusted Indicators

There is a big difference between Equity Mutual Fund performing well and Equity Index 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 Equity Index'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	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
GEQYX	0.50	(0.01)	(0.02)	0.11	0.61	(0.51)	1.25	(0.94)	4.19
RFVTX	0.46	0.09	(0.05)	(3.06)	0.54	(0.49)	1.22	(0.82)	3.80
PRMSX	0.72	0.10	0.08	0.25	0.79	(0.79)	1.50	(1.00)	4.99
ITHAX	0.52	0.08	(0.06)	(1.56)	0.63	(0.56)	1.37	(0.83)	4.51
VWICX	0.55	0.13	0.01	(3.30)	0.57	(0.61)	1.26	(0.89)	4.20
DODGX	0.49	(0.05)	(0.09)	0.07	0.59	(0.53)	1.10	(1.09)	3.64
VTCAX	0.67	(0.02)	(0.03)	0.10	0.73	(0.74)	1.84	(1.04)	4.43
TRRGX	0.23	0.00	(0.20)	0.13	0.13	(0.28)	0.59	(0.36)	2.11
BXSL	0.83	(0.25)	0.00	(0.21)	0.00	0.00	1.94	(1.85)	6.24

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