Guidepath Managed Correlations

GPMFX Fund

USD 6.55 0.01 0.15%

The current 90-days correlation between Guidepath Managed Futures and Ridgeworth Seix Government is 0.2 (i.e., Modest diversification). The correlation of Guidepath 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 Managed Correlation With Market

Very good diversification

The correlation between Guidepath Managed Futures and DJI is -0.25 (i.e., Very good 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 Mutual Fund

0.86	PQTAX	Pimco Trends Managed	Pair Corr
0.86	PQTNX	Pimco Trends Managed	Pair Corr
0.86	AMFNX	Asg Managed Futures	Pair Corr
0.83	ABYAX	Abbey Capital Futures	Pair Corr
0.9	ABYIX	Abbey Capital Futures	Pair Corr
0.88	ABYCX	Abbey Capital Futures	Pair Corr
1.0	AMFAX	Asg Managed Futures	Pair Corr
0.85	ASFCX	Asg Managed Futures	Pair Corr

Moving against Guidepath Mutual Fund

0.37	GPMIX	Guidepath Multi Asset	Pair Corr
0.53	WCMFX	Wcm Focused Small	Pair Corr
0.47	IMAAX	Ivy Apollo Multi	Pair Corr
0.44	PDI	Pimco Dynamic Income	Pair Corr
0.43	AUIAX	Ab Equity Income	Pair Corr
0.41	CMTOX	Future Scholar 529	Pair Corr
0.4	BDFFX	Baron Discovery	Pair Corr
0.39	MRLOX	Blackrock Gbl Alloc	Pair Corr
0.38	VRHYX	Virtus High Yield	Pair Corr
0.35	GNMVX	Gurtin National Muni	Pair Corr
0.32	FTCAX	Templeton Strained Bond	Pair Corr
0.32	CLPFX	Catalyst Exceed Defined	Pair Corr
0.57	LKSCX	Lkcm Small Cap	Pair Corr
0.54	FSAWX	Fidelity Sai Convertible	Pair Corr

Related Correlations Analysis

	SIGVX	SMAAX	BIGLX	FICMX	IVMXX	FKFSX
SIGVX		0.95	0.73	0.69	0.66	0.7	SIGVX
SMAAX	0.95		0.68	0.64	0.77	0.66	SMAAX
BIGLX	0.73	0.68		0.99	0.25	0.98	BIGLX
FICMX	0.69	0.64	0.99		0.22	0.98	FICMX
IVMXX	0.66	0.77	0.25	0.22		0.2	IVMXX
FKFSX	0.7	0.66	0.98	0.98	0.2		FKFSX
	SIGVX	SMAAX	BIGLX	FICMX	IVMXX	FKFSX

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Risk-Adjusted Indicators

There is a big difference between Guidepath Mutual Fund performing well and Guidepath 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 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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
SIGVX	0.06	0.01	(1.10)	(3.48)	0.00	(0.20)	0.10	(0.10)	0.61
SMAAX	0.11	0.03	(0.55)	1.06	0.00	(0.16)	0.21	(0.10)	0.72
BIGLX	0.30	0.00	(0.32)	0.10	0.31	(0.34)	0.66	(0.56)	1.46
FICMX	0.31	0.00	(0.26)	0.11	0.35	(0.34)	0.56	(0.68)	1.49
IVMXX	0.03	0.00	0.00	1.43	0.00	0.00	0.00	0.00	1.01
FKFSX	0.25	0.00	(0.33)	0.11	0.26	(0.30)	0.60	(0.60)	1.41

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