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.

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

0.72	GMCOX	Guidemark E Fixed	Pair Corr
0.98	GMLVX	Guidemark Large Cap	Pair Corr
0.98	GMLGX	Guidemark Large Cap	Pair Corr
0.95	GMSMX	Guidemark Smallmid Cap	Pair Corr
0.95	GMWEX	Guidemark World Ex	Pair Corr
0.99	GPSTX	Guidepath Growth All	Pair Corr
0.97	GPTUX	Guidepath Tactical	Pair Corr
0.98	VWINX	Vanguard Wellesley Income	Pair Corr
0.98	VWIAX	Vanguard Wellesley Income	Pair Corr
0.98	BKMIX	Blackrock Multi Asset	Pair Corr
0.97	HBLTX	Hartford Balanced	Pair Corr
0.99	HBLRX	Hartford Balanced	Pair Corr
0.99	HBLSX	Hartford Balanced	Pair Corr
0.99	HBLVX	Hartford Balanced	Pair Corr
0.97	HBLYX	Hartford Balanced	Pair Corr
0.99	HBLCX	Hartford Balanced	Pair Corr
0.97	HBLIX	Hartford Balanced	Pair Corr
0.94	FSMMX	Fs Multi Strategy	Pair Corr
0.95	BTMPX	Ishares Msci Eafe	Pair Corr
0.93	BTMKX	Blackrock International	Pair Corr
0.95	MDIIX	Blackrock Intern Index	Pair Corr
0.99	BCGPX	Blackrock Gwth Prepared	Pair Corr
0.98	AAUTX	Thrivent Large Cap	Pair Corr
0.99	PVQNX	Pimco Realpath Blend	Pair Corr
0.98	MSDQX	Morgan Stanley Susta	Pair Corr
0.79	RSERX	Victory Sophus Emerging	Pair Corr
0.99	GSFTX	Columbia Dividend Income	Pair Corr
0.96	CRBYX	Columbia Acorn	Pair Corr
0.97	FRSAX	Federated Floating Rate	Pair Corr
0.94	JMVPX	Jpmorgan Mid Cap	Pair Corr
0.95	MXJVX	Great West Mfs	Pair Corr
0.96	VIMAX	Vanguard Mid Cap	Pair Corr
0.98	CBLRX	Columbia Balanced	Pair Corr
0.91	FTHSX	Fuller Thaler Behavioral	Pair Corr
0.78	EMCAX	Empiric 2500	Pair Corr

Related Correlations Analysis

	CCD	PBXIX	FSAWX	XNCVX	PCNTX	NCIDX	ARBOX
CCD		0.08	-0.28	-0.3	-0.28	-0.26	-0.27	CCD
PBXIX	0.08		0.83	0.89	0.87	0.9	0.89	PBXIX
FSAWX	-0.28	0.83		0.95	0.96	0.95	0.97	FSAWX
XNCVX	-0.3	0.89	0.95		0.99	1.0	0.99	XNCVX
PCNTX	-0.28	0.87	0.96	0.99		0.98	0.98	PCNTX
NCIDX	-0.26	0.9	0.95	1.0	0.98		0.99	NCIDX
ARBOX	-0.27	0.89	0.97	0.99	0.98	0.99		ARBOX
	CCD	PBXIX	FSAWX	XNCVX	PCNTX	NCIDX	ARBOX

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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

NCIDX	+ 1.0	XNCVX
PCNTX	+ 0.99	XNCVX
ARBOX	+ 0.99	XNCVX
ARBOX	+ 0.99	NCIDX
NCIDX	+ 0.98	PCNTX
ARBOX	+ 0.98	PCNTX

High negative correlations

XNCVX	- 0.3	CCD
PCNTX	- 0.28	CCD
FSAWX	- 0.28	CCD
ARBOX	- 0.27	CCD
NCIDX	- 0.26	CCD

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
CCD	0.58	(0.02)	(0.14)	0.14	0.78	(0.60)	1.32	(1.03)	4.97
PBXIX	0.31	0.01	(0.25)	0.23	0.06	(0.41)	0.83	(0.46)	2.23
FSAWX	0.10	0.03	(1.52)	3.33	0.00	(0.17)	0.28	(0.09)	0.73
XNCVX	0.45	0.27	0.13	(27.20)	0.00	(0.65)	1.33	(0.45)	3.12
PCNTX	0.43	0.20	(0.01)	(4.56)	0.00	(0.54)	1.06	(0.53)	3.21
NCIDX	0.43	0.24	0.10	(13.77)	0.00	(0.60)	1.24	(0.45)	2.74
ARBOX	0.06	0.03	(1.81)	16.48	0.00	(0.12)	0.18	(0.09)	0.35

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