Conservative Allocation Correlations

Mutual Funds . USA . 
Fund . Conservative Allocation Fund
GFIZX Fund  USD 11.55  0.02  0.17%   
The current 90-days correlation between Conservative Allocation and Growth Allocation Fund is -0.11 (i.e., Good 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

Good diversification

The correlation between Conservative Allocation Fund and DJI is -0.05 (i.e., Good 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 nation.

Moving together with Conservative Mutual Fund

  0.98GEIZX Guidestone Growth EquityPairCorr
  0.97GEMZX Emerging Markets EquityPairCorr
  0.98GEQYX Equity Index InstituPairCorr
  0.98GEQZX Equity Index InvestorPairCorr
  0.97GGBZX Aggressive AllocationPairCorr
  0.87GGBEX Global Bond FundPairCorr
  0.86GGBFX Global Bond FundPairCorr
  0.98GGRYX Growth AllocationPairCorr
  0.95GIIYX International EquityPairCorr
  0.94GIIZX Guidestone Funds IntPairCorr
  0.94GLDYX Low Duration BondPairCorr
  0.83GMDYX Medium Duration BondPairCorr
  0.82GMDZX Medium Duration BondPairCorr
  0.99GMFZX Mydestination 2045PairCorr
  0.99GMHYX Mydestination 2035PairCorr
  0.99GMHZX Mydestination 2035PairCorr
  0.99GMGYX Mydestination 2055PairCorr
  0.99GMGZX Mydestination 2055PairCorr
  1.0GMTYX Mydestination 2015PairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
GCOZX  0.34  0.08 (0.05) 0.40  0.00 
(0.43)
 1.12 
(0.53)
 2.84 
GDMYX  0.28  0.07 (0.13) 0.38  0.00 
(0.36)
 0.69 
(0.36)
 2.46 
GDMZX  0.27  0.07 (0.11) 0.39  0.00 
(0.34)
 0.69 
(0.45)
 2.56 
GVEYX  0.61  0.13  0.09  0.40  0.28 
(0.75)
 1.70 
(0.85)
 4.96 
GVEZX  0.61  0.13  0.08  0.40  0.27 
(0.75)
 1.76 
(0.85)
 4.97 
GVIYX  0.51  0.02 (0.08) 0.21  0.47 
(0.60)
 1.02 
(0.75)
 4.14 
GVIZX  0.51  0.02 (0.08) 0.21  0.45 
(0.60)
 1.02 
(0.75)
 4.14 
GEIYX  0.65  0.20  0.19  0.52  0.00 
(0.81)
 1.46 
(1.00)
 5.67 
GEIZX  0.79  0.33  0.13 (3.64) 0.67 
(0.95)
 2.39 
(1.26)
 5.67 
GEMYX  0.48  0.17  0.09  0.67  0.00 
(0.60)
 1.25 
(0.74)
 4.07 

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