Guidepath Growth Correlations

GPIGX Fund

USD 13.48 0.08 0.59%

The current 90-days correlation between Guidepath Growth And and Guidepath Managed Futures is 0.06 (i.e., Significant diversification). The correlation of Guidepath Growth 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 Growth Correlation With Market

Almost no diversification

The correlation between Guidepath Growth And and DJI is 0.9 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Guidepath Growth And 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 Growth And. 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 Guidepath Mutual Fund

0.92	GPARX	Guidepath Absolute Return	Pair Corr
0.88	GPICX	Guidepath Conservative	Pair Corr
0.96	GPIFX	Guidepath Flexible Income	Pair Corr
1.0	GPMIX	Guidepath Multi Asset	Pair Corr
1.0	VVIAX	Vanguard Value Index	Pair Corr
0.99	DOXGX	Dodge Cox Stock	Pair Corr
0.97	AFMFX	American Mutual	Pair Corr
0.99	FFMMX	American Funds American	Pair Corr
0.99	FFFMX	American Funds American	Pair Corr
0.96	AMRMX	American Mutual	Pair Corr
0.97	AMFFX	American Mutual	Pair Corr
0.97	AMFCX	American Mutual	Pair Corr
0.99	DODGX	Dodge Stock Fund	Pair Corr
1.0	VIVAX	Vanguard Value Index	Pair Corr
0.97	SMPIX	Semiconductor Ultrasector	Pair Corr
0.64	FELIX	Fidelity Advisor Sem	Pair Corr
0.64	FSELX	Fidelity Select Semi	Pair Corr
0.97	VEMIX	Vanguard Emerging Markets	Pair Corr
0.61	FWWNX	American Funds New	Pair Corr
0.94	TFCAX	Tax Free Conservative	Pair Corr
0.94	FIQEX	Fidelity Canada	Pair Corr
0.98	FDMLX	Fidelity Series Intrinsic	Pair Corr

Related Correlations Analysis

	GPMFX	GPMIX	GPSTX	GPTCX	GPTUX	GPARX	GPICX	GPIFX	GPIGX
GPMFX		-0.1	-0.21	-0.12	-0.09	0.04	0.17	-0.01	-0.11	GPMFX
GPMIX	-0.1		0.99	1.0	0.98	0.94	0.89	0.97	1.0	GPMIX
GPSTX	-0.21	0.99		0.99	0.97	0.9	0.85	0.94	0.98	GPSTX
GPTCX	-0.12	1.0	0.99		0.97	0.95	0.89	0.97	0.99	GPTCX
GPTUX	-0.09	0.98	0.97	0.97		0.9	0.86	0.94	0.98	GPTUX
GPARX	0.04	0.94	0.9	0.95	0.9		0.94	0.98	0.92	GPARX
GPICX	0.17	0.89	0.85	0.89	0.86	0.94		0.95	0.88	GPICX
GPIFX	-0.01	0.97	0.94	0.97	0.94	0.98	0.95		0.96	GPIFX
GPIGX	-0.11	1.0	0.98	0.99	0.98	0.92	0.88	0.96		GPIGX
	GPMFX	GPMIX	GPSTX	GPTCX	GPTUX	GPARX	GPICX	GPIFX	GPIGX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

GPTCX	+ 1.0	GPMIX
GPIGX	+ 1.0	GPMIX
GPSTX	+ 0.99	GPMIX
GPTCX	+ 0.99	GPSTX
GPIGX	+ 0.99	GPTCX
GPTUX	+ 0.98	GPMIX

High negative correlations

GPSTX	- 0.21	GPMFX
GPTCX	- 0.12	GPMFX
GPIGX	- 0.11	GPMFX
GPMIX	- 0.1	GPMFX
GPTUX	- 0.09	GPMFX
GPIFX	- 0.01	GPMFX

Risk-Adjusted Indicators

There is a big difference between Guidepath Mutual Fund performing well and Guidepath Growth 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 Growth'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
GPMFX	0.32	0.00	0.00	0.21	0.00	0.00	0.62	(0.91)	2.45
GPMIX	0.31	0.03	(0.24)	0.29	0.00	(0.37)	0.82	(0.61)	2.22
GPSTX	0.55	0.11	0.11	0.36	0.00	(0.68)	1.83	(0.91)	4.21
GPTCX	0.26	0.03	(0.29)	0.33	0.00	(0.32)	0.80	(0.51)	1.88
GPTUX	0.46	0.01	(0.15)	0.26	0.26	(0.53)	1.05	(0.85)	2.63
GPARX	0.15	0.01	(0.93)	0.35	0.00	(0.21)	0.32	(0.21)	0.75
GPICX	0.04	0.00	(1.43)	1.31	0.00	(0.10)	0.10	(0.10)	0.21
GPIFX	0.09	0.01	(1.34)	0.42	0.00	(0.14)	0.23	(0.12)	0.58
GPIGX	0.48	0.00	(0.12)	0.23	0.29	(0.59)	1.26	(0.89)	3.05

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