Growth Allocation Correlations

GGRYX Fund

USD 13.79 0.05 0.36%

The current 90-days correlation between Growth Allocation and Growth Allocation Fund is -0.06 (i.e., Good 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

Very poor diversification

The correlation between Growth Allocation Fund and DJI is 0.89 (i.e., Very poor 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 manufacturing.

Moving together with Growth Mutual Fund

0.75	GCOZX	Growth Allocation	Pair Corr
0.73	GDMYX	Defensive Market Str	Pair Corr
0.64	GDMZX	Defensive Market Str	Pair Corr
0.64	GVEYX	Value Equity Institu	Pair Corr
0.65	GVEZX	Value Equity Investor	Pair Corr
0.74	GVIYX	Guidestone Value Equity	Pair Corr
0.74	GVIZX	Guidestone Value Equity	Pair Corr
0.63	GEIYX	Guidestone Growth Equity	Pair Corr
0.98	GEIZX	Guidestone Growth Equity	Pair Corr
0.72	GEMYX	Emerging Markets Equity	Pair Corr
0.63	GEMZX	Emerging Markets Equity	Pair Corr
0.73	GEQYX	Equity Index Institu	Pair Corr
0.98	GEQZX	Equity Index Investor	Pair Corr
0.99	GFIZX	Conservative Allocation	Pair Corr
0.99	GGBZX	Aggressive Allocation	Pair Corr
0.8	GGBEX	Global Bond Fund	Pair Corr
0.8	GGBFX	Global Bond Fund	Pair Corr
0.73	GGEYX	Guidestone Fds Growth	Pair Corr
0.72	GGEZX	Growth Equity Investor	Pair Corr
0.74	GGIZX	Balanced Allocation	Pair Corr
0.76	GIEYX	International Equity	Pair Corr
0.76	GIEZX	International Equity	Pair Corr
0.97	GIIYX	International Equity	Pair Corr
0.96	GIIZX	Guidestone Funds Int	Pair Corr
0.89	GLDYX	Low Duration Bond	Pair Corr
0.76	GMDYX	Medium Duration Bond	Pair Corr
0.74	GMDZX	Medium Duration Bond	Pair Corr
0.74	GMFZX	Mydestination 2045	Pair Corr
0.98	GMEYX	Guidestone Funds Impact	Pair Corr
0.74	GMEZX	Guidestone Funds Impact	Pair Corr
0.99	GMHYX	Mydestination 2035	Pair Corr
0.99	GMHZX	Mydestination 2035	Pair Corr
1.0	GMGYX	Mydestination 2055	Pair Corr
1.0	GMGZX	Mydestination 2055	Pair Corr

Related Correlations Analysis

	GCOZX	GDMYX	GVEYX	GVEZX	GVIYX	GVIZX	GEIZX	GEMYX	GEMZX	GEQYX
GCOZX		1.0	0.93	0.93	0.98	0.99	0.79	0.99	0.84	1.0	GCOZX
GDMYX	1.0		0.94	0.94	0.98	0.99	0.77	0.98	0.83	1.0	GDMYX
GVEYX	0.93	0.94		1.0	0.91	0.92	0.68	0.94	0.83	0.94	GVEYX
GVEZX	0.93	0.94	1.0		0.91	0.92	0.69	0.94	0.83	0.94	GVEZX
GVIYX	0.98	0.98	0.91	0.91		1.0	0.78	0.96	0.79	0.99	GVIYX
GVIZX	0.99	0.99	0.92	0.92	1.0		0.78	0.96	0.79	0.99	GVIZX
GEIZX	0.79	0.77	0.68	0.69	0.78	0.78		0.77	0.68	0.77	GEIZX
GEMYX	0.99	0.98	0.94	0.94	0.96	0.96	0.77		0.86	0.98	GEMYX
GEMZX	0.84	0.83	0.83	0.83	0.79	0.79	0.68	0.86		0.83	GEMZX
GEQYX	1.0	1.0	0.94	0.94	0.99	0.99	0.77	0.98	0.83		GEQYX
	GCOZX	GDMYX	GVEYX	GVEZX	GVIYX	GVIZX	GEIZX	GEMYX	GEMZX	GEQYX

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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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
GCOZX	0.38	0.20	0.13	(5.74)	0.00	(0.51)	1.29	(0.53)	2.84
GDMYX	0.31	0.17	0.08	(2.75)	0.00	(0.42)	0.92	(0.36)	2.46
GVEYX	0.63	0.30	0.20	(1.39)	0.14	(0.79)	1.74	(0.85)	4.96
GVEZX	0.64	0.29	0.20	(1.79)	0.12	(0.80)	1.80	(0.85)	4.97
GVIYX	0.55	0.20	0.07	(1.15)	0.33	(0.70)	1.57	(0.75)	4.30
GVIZX	0.55	0.20	0.07	(1.18)	0.31	(0.70)	1.62	(0.75)	4.20
GEIZX	0.79	0.33	0.17	(4.42)	0.68	(0.95)	2.39	(1.26)	5.67
GEMYX	0.52	0.28	0.26	(69.17)	0.00	(0.66)	1.72	(0.74)	4.07
GEMZX	0.51	0.28	0.25	(10.33)	0.00	(0.66)	1.73	(0.65)	4.09
GEQYX	0.58	0.32	0.29	(6.63)	0.00	(0.76)	1.97	(0.79)	4.88

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Growth Allocation Correlations

Growth Allocation Correlation With Market

Very poor diversification

Moving together with Growth Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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