Guidemark Large Correlations

GMLVX Fund

USD 11.43 0.05 0.44%

The current 90-days correlation between Guidemark Large Cap and Allianzgi Health Sciences is 0.66 (i.e., Poor diversification). The correlation of Guidemark 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 Large Correlation With Market

Poor diversification

The correlation between Guidemark Large Cap and DJI is 0.7 (i.e., Poor 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 real.

Moving together with Guidemark Mutual Fund

0.66	GMLGX	Guidemark Large Cap	Pair Corr
0.71	GMWEX	Guidemark World Ex	Pair Corr
0.75	GPSTX	Guidepath Growth All	Pair Corr
0.9	GPTCX	Guidepath(r) Conservative	Pair Corr
0.99	VEMAX	Vanguard Emerging Markets	Pair Corr
0.87	VEIEX	Vanguard Emerging Markets	Pair Corr
0.99	VEMIX	Vanguard Emerging Markets	Pair Corr
0.87	VEMRX	Vanguard Emerging Markets	Pair Corr
0.97	FWWNX	American Funds New	Pair Corr
0.97	FNFWX	American Funds New	Pair Corr
0.9	NEWFX	New World Fund	Pair Corr
0.97	NWFFX	New World Fund	Pair Corr
0.97	NEWCX	New World Fund	Pair Corr
0.99	ODVYX	Oppenheimer Developing	Pair Corr
0.77	WRHIX	Ivy High Income	Pair Corr
0.62	WHIAX	Ivy High Income	Pair Corr
0.62	IVHIX	Ivy High Income	Pair Corr
0.67	NCIGX	Nuveen Nwq International	Pair Corr
0.63	FHJMX	Fidelity Europe	Pair Corr

Moving against Guidemark Mutual Fund

0.39	DFAIX	Dfa Short Duration	Pair Corr
0.35	WEFIX	Short Duration Income	Pair Corr
0.31	SNGYX	Sit Government Securities	Pair Corr
0.48	FCSCX	Franklin Adjustable	Pair Corr
0.43	SDFAX	Swan Defined Risk	Pair Corr

Related Correlations Analysis

	RCGHX	LOGSX	ETAHX	HIAHX
RCGHX		0.9	0.95	0.98	RCGHX
LOGSX	0.9		0.82	0.91	LOGSX
ETAHX	0.95	0.82		0.95	ETAHX
HIAHX	0.98	0.91	0.95		HIAHX
	RCGHX	LOGSX	ETAHX	HIAHX

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Risk-Adjusted Indicators

There is a big difference between Guidemark Mutual Fund performing well and Guidemark 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 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.

	Mean Deviation	Jensen Alpha	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
RCGHX	1.03	(0.03)	(0.18)	1.60	(2.13)	9.49
LOGSX	0.87	0.04	(0.07)	1.62	(1.92)	6.79
ETAHX	1.58	(0.03)	(0.17)	2.41	(3.54)	11.31
HIAHX	0.93	0.00	(0.14)	1.61	(2.26)	7.30

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