Guidepath Growth Correlations
GPIGX Fund | USD 13.48 0.08 0.59% |
The current 90-days correlation between Guidepath Growth And and Nova Fund Class is -0.26 (i.e., Very good 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.
Guidepath |
Moving together with Guidepath Mutual Fund
0.92 | GPARX | Guidepath Absolute Return | PairCorr |
0.88 | GPICX | Guidepath Conservative | PairCorr |
0.96 | GPIFX | Guidepath Flexible Income | PairCorr |
0.63 | GPINX | Guidepath Income | PairCorr |
1.0 | GPMIX | Guidepath Multi Asset | PairCorr |
1.0 | VVIAX | Vanguard Value Index | PairCorr |
0.99 | DOXGX | Dodge Cox Stock | PairCorr |
0.97 | AFMFX | American Mutual | PairCorr |
0.99 | FFMMX | American Funds American | PairCorr |
0.99 | FFFMX | American Funds American | PairCorr |
0.96 | AMRMX | American Mutual | PairCorr |
0.97 | AMFFX | American Mutual | PairCorr |
0.97 | AMFCX | American Mutual | PairCorr |
0.99 | DODGX | Dodge Stock Fund | PairCorr |
1.0 | VIVAX | Vanguard Value Index | PairCorr |
0.97 | VSTSX | Vanguard Total Stock | PairCorr |
0.97 | VSMPX | Vanguard Total Stock | PairCorr |
0.98 | VITSX | Vanguard Total Stock | PairCorr |
0.97 | VFFSX | Vanguard 500 Index | PairCorr |
0.97 | VFIAX | Vanguard 500 Index | PairCorr |
0.96 | VTISX | Vanguard Total Inter | PairCorr |
0.96 | VTSNX | Vanguard Total Inter | PairCorr |
0.98 | VTPSX | Vanguard Total Inter | PairCorr |
0.98 | VINIX | Vanguard Institutional | PairCorr |
0.97 | VTSAX | Vanguard Total Stock | PairCorr |
0.94 | ANPRX | Allianzgi Nfj Mid | PairCorr |
0.96 | SSDZX | Deutsche Small Cap | PairCorr |
0.7 | AHLPX | American Beacon Ahl | PairCorr |
0.96 | TRRKX | T Rowe Price | PairCorr |
0.96 | HSCYX | Hartford Small | PairCorr |
0.97 | DCINX | Dunham International | PairCorr |
0.95 | RSIFX | Victory Rs Science | PairCorr |
0.97 | PFPPX | Midcap Growth | PairCorr |
0.93 | MNCEX | Mercer Non Core | PairCorr |
0.95 | PARNX | Parnassus Fund Investor | PairCorr |
0.96 | RPSIX | Spectrum Income | PairCorr |
0.95 | CDHAX | Calvert Developed Market | PairCorr |
0.97 | QLMAGX | Legg Mason Partners | PairCorr |
Related Correlations Analysis
0.98 | 0.98 | 1.0 | 0.98 | 0.98 | 1.0 | RYANX | ||
0.98 | 0.99 | 0.98 | 0.98 | 0.99 | 0.98 | LGLSX | ||
0.98 | 0.99 | 0.98 | 0.98 | 1.0 | 0.98 | PLHHX | ||
1.0 | 0.98 | 0.98 | 0.98 | 0.98 | 1.0 | TFAGX | ||
0.98 | 0.98 | 0.98 | 0.98 | 0.97 | 0.98 | SMPIX | ||
0.98 | 0.99 | 1.0 | 0.98 | 0.97 | 0.98 | LMUSX | ||
1.0 | 0.98 | 0.98 | 1.0 | 0.98 | 0.98 | LCIAX | ||
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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 | ||
---|---|---|---|---|---|---|---|---|---|---|
RYANX | 0.93 | 0.48 | 0.15 | (1.27) | 0.73 | 3.05 | 7.33 | |||
LGLSX | 0.90 | 0.25 | 0.25 | 0.51 | 0.17 | 2.88 | 6.12 | |||
PLHHX | 0.51 | 0.09 | 0.07 | 0.34 | 0.00 | 1.70 | 4.09 | |||
TFAGX | 0.66 | 0.36 | 0.08 | (1.22) | 0.25 | 2.02 | 5.07 | |||
SMPIX | 2.02 | 0.85 | 0.50 | 0.82 | 1.00 | 5.81 | 12.76 | |||
LMUSX | 0.58 | 0.10 | 0.12 | 0.34 | 0.00 | 1.85 | 4.81 | |||
LCIAX | 0.62 | 0.33 | 0.06 | (1.30) | 0.34 | 2.06 | 4.96 |