Guidepath Conservative Correlations

GPICX Fund

USD 9.63 0.03 0.31%

The current 90-days correlation between Guidepath Conservative and Vanguard Short Term Bond is -0.03 (i.e., Good diversification). The correlation of Guidepath Conservative 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.

Guidepath Conservative Correlation With Market

Good diversification

The correlation between Guidepath Conservative Income and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Guidepath Conservative Income 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 Guidepath Conservative Income. 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 main economic indicators.

Moving together with Guidepath Mutual Fund

0.94	GPARX	Guidepath Absolute Return	Pair Corr
0.95	GPIFX	Guidepath Flexible Income	Pair Corr
0.88	GPIGX	Guidepath Growth And	Pair Corr
0.89	GPMIX	Guidepath Multi Asset	Pair Corr
0.75	VBIRX	Vanguard Short Term	Pair Corr
0.69	VFSUX	Vanguard Short Term	Pair Corr
0.77	VFSIX	Vanguard Short Term	Pair Corr
0.74	VFSTX	Vanguard Short Term	Pair Corr
0.77	VBITX	Vanguard Short Term	Pair Corr
0.71	VBISX	Vanguard Short Term	Pair Corr
0.69	LALDX	Lord Abbett Short	Pair Corr
0.76	VSCSX	Vanguard Short Term	Pair Corr
0.74	LDLAX	Lord Abbett Short	Pair Corr
0.78	LDLRX	Lord Abbett Short	Pair Corr
0.73	HLDIX	Hartford Emerging	Pair Corr
0.74	HLDRX	Hartford Emerging	Pair Corr
0.68	HLDAX	Hartford Emerging	Pair Corr
0.74	HLDCX	Hartford Emerging	Pair Corr
0.74	HLDTX	Hartford Emerging	Pair Corr
0.8	DFSTX	Us Small Cap	Pair Corr
0.72	ITTRX	Hartford Balanced	Pair Corr
0.65	BMCIX	Blackrock High Equity	Pair Corr
0.7	GDV	Gabelli Dividend Income	Pair Corr
0.68	FIQEX	Fidelity Canada	Pair Corr
0.8	VSCPX	Vanguard Small Cap	Pair Corr
0.67	FELTX	Fidelity Advisor Sem	Pair Corr
0.87	TFCAX	Tax Free Conservative	Pair Corr
0.67	SSHVX	Sound Shore Fund	Pair Corr
0.65	SKTAX	Saat E Market	Pair Corr
0.91	MISTX	Bny Mellon Short	Pair Corr

Related Correlations Analysis

	VBIRX	VFSUX	VFSIX	VFSTX	VBITX	VBISX	LALDX	VSCSX	LDLAX	LDLRX
VBIRX		0.42	0.43	0.39	0.47	0.43	0.38	0.37	0.43	0.46	VBIRX
VFSUX	0.42		0.86	0.79	0.85	0.78	0.71	0.85	0.8	0.84	VFSUX
VFSIX	0.43	0.86		0.9	0.97	0.86	0.85	0.98	0.89	0.97	VFSIX
VFSTX	0.39	0.79	0.9		0.89	0.97	0.96	0.9	0.97	0.89	VFSTX
VBITX	0.47	0.85	0.97	0.89		0.9	0.81	0.93	0.87	0.92	VBITX
VBISX	0.43	0.78	0.86	0.97	0.9		0.91	0.85	0.93	0.85	VBISX
LALDX	0.38	0.71	0.85	0.96	0.81	0.91		0.85	0.92	0.87	LALDX
VSCSX	0.37	0.85	0.98	0.9	0.93	0.85	0.85		0.89	0.95	VSCSX
LDLAX	0.43	0.8	0.89	0.97	0.87	0.93	0.92	0.89		0.88	LDLAX
LDLRX	0.46	0.84	0.97	0.89	0.92	0.85	0.87	0.95	0.88		LDLRX
	VBIRX	VFSUX	VFSIX	VFSTX	VBITX	VBISX	LALDX	VSCSX	LDLAX	LDLRX

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Risk-Adjusted Indicators

There is a big difference between Guidepath Mutual Fund performing well and Guidepath Conservative 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 Guidepath Conservative'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
VBIRX	0.11	0.00	(1.31)	0.13	0.05	(0.15)	0.20	(0.20)	0.78
VFSUX	0.21	0.03	(0.32)	(0.30)	0.45	(0.27)	0.29	(0.29)	3.29
VFSIX	0.12	0.01	(1.18)	(5.19)	0.00	(0.17)	0.29	(0.19)	0.87
VFSTX	0.13	0.01	(1.18)	(5.14)	0.00	(0.17)	0.29	(0.19)	0.87
VBITX	0.11	0.00	(1.28)	(0.11)	0.06	(0.16)	0.30	(0.20)	0.79
VBISX	0.12	0.00	(1.36)	(0.39)	0.04	(0.16)	0.30	(0.20)	0.69
LALDX	0.10	0.00	(0.78)	0.29	0.00	(0.31)	0.26	(0.26)	0.78
VSCSX	0.10	0.01	(1.58)	(0.83)	0.00	(0.12)	0.19	(0.19)	0.52
LDLAX	0.08	0.00	(0.80)	0.44	0.00	(0.26)	0.26	(0.26)	0.52
LDLRX	0.09	0.01	(0.78)	(3.94)	0.00	(0.32)	0.26	(0.26)	0.78

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Guidepath Conservative Correlations

Guidepath Conservative Correlation With Market

Good diversification

Moving together with Guidepath Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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