Guidepath Servative Correlations

Mutual Funds . USA . 
Fund . Guidepath Servative Allocation
GPTCX Fund  USD 11.88  0.02  0.17%   
The current 90-days correlation between Guidepath Servative and Vanguard Wellesley Income is 0.93 (i.e., Almost no 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 0.86 (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.
  
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Guidepath Servative Allocation. 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 main economic indicators.

Moving together with Guidepath Mutual Fund

  0.71GMCOX Guidemark E FixedPairCorr
  0.98GMLVX Guidemark Large CapPairCorr
  0.98GMLGX Guidemark Large CapPairCorr
  0.95GMSMX Guidemark Smallmid CapPairCorr
  0.96GMWEX Guidemark World ExPairCorr
  0.99GPSTX Guidepath Growth AllPairCorr
  0.97GPTUX Guidepath TacticalPairCorr
  0.98VWINX Vanguard Wellesley IncomePairCorr
  0.97VWIAX Vanguard Wellesley IncomePairCorr
  0.98BKMIX Blackrock Multi AssetPairCorr
  0.97HBLTX Hartford BalancedPairCorr
  0.99HBLRX Hartford BalancedPairCorr
  0.99HBLSX Hartford BalancedPairCorr
  0.99HBLVX Hartford BalancedPairCorr
  0.99HBLYX Hartford BalancedPairCorr
  0.99HBLCX Hartford BalancedPairCorr
  0.97HBLIX Hartford BalancedPairCorr
  0.94FSMMX Fs Multi StrategyPairCorr
  0.93BTMPX Ishares Msci EafePairCorr
  0.93BTMKX Blackrock InternationalPairCorr
  0.95MDIIX Blackrock Intern IndexPairCorr
  0.61SPMPX Invesco Steelpath MlpPairCorr
  0.61MLPNX Oppenheimer Steelpath MlpPairCorr
  0.98BCGPX Blackrock Gwth PreparedPairCorr
  0.97AAUTX Thrivent Large CapPairCorr
  0.99PVQNX Pimco Realpath BlendPairCorr
  0.98MSDQX Morgan Stanley SustaPairCorr
  0.77RSERX Victory Sophus EmergingPairCorr
  0.99GSFTX Columbia Dividend IncomePairCorr
  0.96CRBYX Columbia AcornPairCorr
  0.97FRSAX Federated Floating RatePairCorr
  0.94JMVPX Jpmorgan Mid CapPairCorr
  0.97MXJVX Great West MfsPairCorr
  0.96VIMAX Vanguard Mid CapPairCorr
  0.98CBLRX Columbia BalancedPairCorr
  0.94FTHSX Fuller Thaler BehavioralPairCorr
  0.8EMCAX Empiric 2500PairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
VWINX  0.27  0.01 (0.37) 0.26  0.00 
(0.33)
 0.69 
(0.50)
 1.94 
VWIAX  0.29  0.10 (0.36)(1.01) 0.20 
(0.32)
 0.67 
(0.57)
 1.97 
BKMIX  0.25  0.11 (0.38)(2.75) 0.00 
(0.32)
 0.69 
(0.39)
 1.51 
HBLTX  0.31  0.10 (0.30)(1.09) 0.20 
(0.36)
 0.85 
(0.55)
 2.04 
HBLRX  0.31  0.00 (0.31) 0.24  0.05 
(0.37)
 0.85 
(0.54)
 2.02 
HBLSX  0.29  0.01 (0.31) 0.25  0.00 
(0.35)
 0.85 
(0.54)
 2.04 
HBLVX  0.30  0.01 (0.31) 0.25  0.00 
(0.35)
 0.85 
(0.53)
 2.03 
HBLYX  0.30  0.01 (0.31) 0.25  0.00 
(0.35)
 0.86 
(0.53)
 2.01 
HBLCX  0.30  0.01 (0.31) 0.25  0.00 
(0.36)
 0.86 
(0.50)
 2.02 
HBLIX  0.31  0.10 (0.30)(1.13) 0.22 
(0.35)
 0.85 
(0.55)
 1.99 

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