Guidepath Servative Correlations
GPTCX Fund | USD 11.88 0.02 0.17% |
The current 90-days correlation between Guidepath Servative and Calamos Dynamic Convertible is 0.36 (i.e., Weak diversification). The correlation of Guidepath Servative 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 Servative Correlation With Market
Very poor diversification
The correlation between Guidepath Servative Allocation and DJI is 0.85 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Guidepath Servative Allocation and DJI in the same portfolio, assuming nothing else is changed.
Guidepath |
Moving together with Guidepath Mutual Fund
0.72 | GMCOX | Guidemark E Fixed | PairCorr |
0.98 | GMLVX | Guidemark Large Cap | PairCorr |
0.98 | GMLGX | Guidemark Large Cap | PairCorr |
0.95 | GMSMX | Guidemark Smallmid Cap | PairCorr |
0.95 | GMWEX | Guidemark World Ex | PairCorr |
0.99 | GPSTX | Guidepath Growth All | PairCorr |
0.97 | GPTUX | Guidepath Tactical | PairCorr |
0.98 | VWINX | Vanguard Wellesley Income | PairCorr |
0.98 | VWIAX | Vanguard Wellesley Income | PairCorr |
0.98 | BKMIX | Blackrock Multi Asset | PairCorr |
0.97 | HBLTX | Hartford Balanced | PairCorr |
0.99 | HBLRX | Hartford Balanced | PairCorr |
0.99 | HBLSX | Hartford Balanced | PairCorr |
0.99 | HBLVX | Hartford Balanced | PairCorr |
0.97 | HBLYX | Hartford Balanced | PairCorr |
0.99 | HBLCX | Hartford Balanced | PairCorr |
0.97 | HBLIX | Hartford Balanced | PairCorr |
0.94 | FSMMX | Fs Multi Strategy | PairCorr |
0.95 | BTMPX | Ishares Msci Eafe | PairCorr |
0.93 | BTMKX | Blackrock International | PairCorr |
0.95 | MDIIX | Blackrock Intern Index | PairCorr |
0.99 | BCGPX | Blackrock Gwth Prepared | PairCorr |
0.98 | AAUTX | Thrivent Large Cap | PairCorr |
0.99 | PVQNX | Pimco Realpath Blend | PairCorr |
0.98 | MSDQX | Morgan Stanley Susta | PairCorr |
0.79 | RSERX | Victory Sophus Emerging | PairCorr |
0.99 | GSFTX | Columbia Dividend Income | PairCorr |
0.96 | CRBYX | Columbia Acorn | PairCorr |
0.97 | FRSAX | Federated Floating Rate | PairCorr |
0.94 | JMVPX | Jpmorgan Mid Cap | PairCorr |
0.95 | MXJVX | Great West Mfs | PairCorr |
0.96 | VIMAX | Vanguard Mid Cap | PairCorr |
0.98 | CBLRX | Columbia Balanced | PairCorr |
0.91 | FTHSX | Fuller Thaler Behavioral | PairCorr |
0.78 | EMCAX | Empiric 2500 | PairCorr |
Related Correlations Analysis
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Guidepath Mutual Fund performing well and Guidepath Servative 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 Servative'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 | ||
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CCD | 0.58 | (0.02) | (0.14) | 0.14 | 0.78 | 1.32 | 4.97 | |||
PBXIX | 0.31 | 0.01 | (0.25) | 0.23 | 0.06 | 0.83 | 2.23 | |||
FSAWX | 0.10 | 0.03 | (1.52) | 3.33 | 0.00 | 0.28 | 0.73 | |||
XNCVX | 0.45 | 0.27 | 0.13 | (27.20) | 0.00 | 1.33 | 3.12 | |||
PCNTX | 0.43 | 0.20 | (0.01) | (4.56) | 0.00 | 1.06 | 3.21 | |||
NCIDX | 0.43 | 0.24 | 0.10 | (13.77) | 0.00 | 1.24 | 2.74 | |||
ARBOX | 0.06 | 0.03 | (1.81) | 16.48 | 0.00 | 0.18 | 0.35 |