Guidemark Large Correlations

Mutual Funds . USA . 
Fund . Guidemark Large Cap
GMLVX Fund  USD 14.24  0.24  1.66%   
The current 90-days correlation between Guidemark Large Cap and Guidemark E Fixed is 0.23 (i.e., Modest 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

Very weak diversification

The correlation between Guidemark Large Cap and DJI is 0.51 (i.e., Very weak 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 housing.

Moving together with Guidemark Mutual Fund

  0.8GMCOX Guidemark E FixedPairCorr
  0.8GMLGX Guidemark Large CapPairCorr
  0.72GMWEX Guidemark World ExPairCorr
  0.88GPSTX Guidepath Growth AllPairCorr
  0.88GPTCX Guidepath ServativePairCorr
  0.75GPTUX Guidepath(r) TacticalPairCorr
  0.98VEMAX Vanguard Emerging MarketsPairCorr
  0.89VEIEX Vanguard Emerging MarketsPairCorr
  0.89VEMIX Vanguard Emerging MarketsPairCorr
  0.89VEMRX Vanguard Emerging MarketsPairCorr
  0.87FWWNX American Funds NewPairCorr
  0.87FNFWX American Funds NewPairCorr
  0.85NEWFX New World FundPairCorr
  0.87NWFFX New World FundPairCorr
  0.74NEWCX New World FundPairCorr
  0.88ODVYX Oppenheimer DevelopingPairCorr
  0.72PMPIX Precious Metals UltrPairCorr
  0.72PMPSX Precious Metals UltrPairCorr
  0.77FGPMX Franklin Gold AndPairCorr
  0.85FRGOX Franklin Gold Precious Steady GrowthPairCorr
  0.73MIDSX Midas Fund MidasPairCorr
  0.73FIJDX Gold Portfolio FidelityPairCorr
  0.95ABTYX Ab High IncomePairCorr
  0.96OPCAX Oppenheimer RochesterPairCorr
  0.82DMNIX Delaware Tax FreePairCorr
  0.93CIOVX Causeway InternationalPairCorr
  0.86SGDLX Sprott Gold EquityPairCorr
  0.95TSARX Tiaa Cref LifestylePairCorr
  0.73JFNIX Janus Global LifePairCorr
  0.82STHAX Ab Sustainable ThematicPairCorr
  0.93MDMTX Blrc Sgy MnpPairCorr
  0.74RGVGX Us Government SecuritiesPairCorr
  0.81CLM Cornerstone StrategicPairCorr
  0.86SGDIX Deutsche Gold PreciousPairCorr
  0.67WSCVX Walthausen Small CapPairCorr
  0.78VGMBX Voya Gnma IncomePairCorr
  0.73MXBPX Great West ModeratelyPairCorr
  0.87SWYDX Schwab Target 2025PairCorr

Related Correlations Analysis


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.

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