Guidemark(r) Large Correlations

Mutual Funds . USA . 
Fund . Guidemark Large Cap
GMLGX Fund  USD 34.13  0.14  0.41%   
The current 90-days correlation between Guidemark Large Cap and Wabmsx is -0.4 (i.e., Very good diversification). The correlation of Guidemark(r) Large 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.

Guidemark(r) Large Correlation With Market

Almost no diversification

The correlation between Guidemark Large Cap and DJI is 0.93 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Guidemark Large Cap 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 Guidemark Large Cap. 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 price.

Moving together with Guidemark(r) Mutual Fund

  0.62GMCOX Guidemark E FixedPairCorr
  0.97GMLVX Guidemark Large CapPairCorr
  0.96GMSMX Guidemark Smallmid CapPairCorr
  0.94GMWEX Guidemark World ExPairCorr
  1.0GPSTX Guidepath Growth AllPairCorr
  0.98GPTCX Guidepath ServativePairCorr
  0.98GPTUX Guidepath TacticalPairCorr
  0.96VTSAX Vanguard Total StockPairCorr
  0.96VFIAX Vanguard 500 IndexPairCorr
  0.96VTSMX Vanguard Total StockPairCorr
  1.0VITSX Vanguard Total StockPairCorr
  0.96VSMPX Vanguard Total StockPairCorr
  0.96VSTSX Vanguard Total StockPairCorr
  1.0VFINX Vanguard 500 IndexPairCorr
  0.96VFFSX Vanguard 500 IndexPairCorr
  1.0VINIX Vanguard InstitutionalPairCorr
  1.0VIIIX Vanguard InstitutionalPairCorr
  0.96SMPIX Semiconductor Ultrasector Steady GrowthPairCorr
  0.95SMPSX Semiconductor Ultrasector Steady GrowthPairCorr
  0.94TTEEX T Rowe PricePairCorr
  0.94TREMX T Rowe PricePairCorr
  0.98FIKGX Fidelity Advisor SemPairCorr
  0.98ONERX One Rock Fund Steady GrowthPairCorr
  0.98FELCX Fidelity Advisor SemPairCorr
  0.98FELIX Fidelity Advisor SemPairCorr
  0.98FSELX Fidelity Select SemiPairCorr
  0.96FELAX Fidelity Advisor SemPairCorr
  0.99TDFAX Transamerica DividendPairCorr
  0.98MCTRX Mainstay Income BuilderPairCorr
  0.94RBSRX Rbc Bluebay StrategicPairCorr
  0.97CRDUX Blackrock Credit StrPairCorr
  0.99FPACX Fpa CrescentPairCorr
  0.8GURAX Guggenheim Risk ManagedPairCorr
  0.96VSVIX Victory Integrity SmallPairCorr
  0.71TWAVX Short Term GovernmentPairCorr
  0.86ETGIX Eaton Vance GreaterPairCorr
  0.99MLAIX Mainstay Large CapPairCorr
  0.99DBMYX Dreyfusthe Boston PanyPairCorr
  1.0PTERX Principal Lifetime 2050PairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Guidemark(r) Mutual Fund performing well and Guidemark(r) Large 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 Guidemark(r) Large'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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