Guidepath(r) Managed Correlations

Mutual Funds . USA . 
Fund . Guidepath Managed Futures
GPMFX Fund  USD 6.64  0.02  0.30%   
The current 90-days correlation between Guidepath Managed Futures and Transamerica Bond Class is -0.05 (i.e., Good diversification). The correlation of Guidepath(r) Managed 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(r) Managed Correlation With Market

Very weak diversification

The correlation between Guidepath Managed Futures and DJI is 0.47 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Guidepath Managed Futures 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 Managed Futures. 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 census.

Moving together with Guidepath(r) Mutual Fund

  0.71GPIGX Guidepath Growth AndPairCorr
  0.75PQTAX Pimco Trends ManagedPairCorr
  0.81PQTNX Pimco Trends ManagedPairCorr
  0.96AHLPX American Beacon AhlPairCorr
  0.99AMFNX Asg Managed FuturesPairCorr
  0.97ABYCX Abbey Capital FuturesPairCorr
  0.97ABYAX Abbey Capital FuturesPairCorr
  0.97ABYIX Abbey Capital FuturesPairCorr
  0.99AMFAX Asg Managed FuturesPairCorr
  0.96ASFYX Asg Managed FuturesPairCorr

Moving against Guidepath(r) Mutual Fund

  0.92USPSX Profunds Ultrashort Steady GrowthPairCorr
  0.7GPARX Guidepath Absolute ReturnPairCorr
  0.65GPINX Guidepath IncomePairCorr
  0.6GPICX Guidepath ConservativePairCorr
  0.4AQMRX Aqr Managed FuturesPairCorr
  0.92UIPIX Ultrashort Mid Cap Steady GrowthPairCorr
  0.9FPPPX American Funds PresePairCorr
  0.89USPIX Profunds Ultrashort Upward RallyPairCorr
  0.85PYABX Payden Absolute ReturnPairCorr
  0.81ASDOX American Century ShortPairCorr
  0.81FIPEX Fa529 If PtPairCorr
  0.76DMNBX Dfa Mn MunicipalPairCorr
  0.72MUAIX Ultra Short IncomePairCorr
  0.58XNCZX Allianzgi ConvertiblePairCorr
  0.39FTCAX Templeton Strained BondPairCorr
  0.83TBIPX Tiaa Cref BondPairCorr
  0.73CTIVX Columbia Strategic IncomePairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Guidepath(r) Mutual Fund performing well and Guidepath(r) Managed 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(r) Managed'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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2024 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY