Value Equity Correlations

Mutual Funds . USA . 
Fund . Value Equity Investor
GVEZX Fund  USD 19.88  0.10  0.50%   
The current 90-days correlation between Value Equity Investor and Dreyfus Technology Growth is 0.59 (i.e., Very weak diversification). The correlation of Value Equity 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.

Value Equity Correlation With Market

Very poor diversification

The correlation between Value Equity Investor and DJI is 0.88 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Value Equity Investor 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 Value Equity Investor. 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 nation.

Moving together with Value Mutual Fund

  0.94GCOZX Growth AllocationPairCorr
  0.95GDMYX Defensive Market StrPairCorr
  0.95GDMZX Defensive Market StrPairCorr
  1.0GVEYX Value Equity InstituPairCorr
  0.99GVIYX Guidestone Value EquityPairCorr
  0.99GVIZX Guidestone Value EquityPairCorr
  0.85GEIYX Guidestone Growth EquityPairCorr
  0.69GEIZX Guidestone Growth EquityPairCorr
  0.88GEMYX Emerging Markets EquityPairCorr
  0.88GEMZX Emerging Markets EquityPairCorr
  0.91GEQYX Equity Index InstituPairCorr
  0.91GEQZX Equity Index InvestorPairCorr
  0.93GFIZX Conservative AllocationPairCorr
  0.93GGBZX Aggressive AllocationPairCorr
  0.76GGBEX Global Bond FundPairCorr
  0.73GGBFX Global Bond FundPairCorr
  0.84GGEYX Guidestone Fds GrowthPairCorr
  0.83GGEZX Growth Equity InvestorPairCorr
  0.93GGIZX Balanced AllocationPairCorr
  0.94GGRYX Growth AllocationPairCorr
  0.86GIEYX International EquityPairCorr
  0.66GIEZX International EquityPairCorr
  0.63GIIYX International EquityPairCorr
  0.89GIIZX Guidestone Funds IntPairCorr
  0.66GLDYX Low Duration BondPairCorr
  0.89GLDZX Low Duration BondPairCorr
  0.85GMDYX Medium Duration BondPairCorr
  0.86GMDZX Medium Duration BondPairCorr
  0.7GMBYX Guidestone FundsPairCorr
  0.69GMBZX Guidestone FundsPairCorr
  0.93GMFZX Mydestination 2045PairCorr
  0.94GMHYX Mydestination 2035PairCorr
  0.94GMHZX Mydestination 2035PairCorr
  0.93GMGYX Mydestination 2055PairCorr
  0.93GMGZX Mydestination 2055PairCorr
  0.93GMTYX Mydestination 2015PairCorr
  0.93GMTZX Mydestination 2015PairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Value Mutual Fund performing well and Value Equity 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 Value Equity'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.

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