Guidestone Value Correlations

Mutual Funds . USA . 
Fund . Guidestone Value Equity
GVIYX Fund  USD 12.27  0.07  0.57%   
The current 90-days correlation between Guidestone Value Equity and Clarion Partners Real is -0.1 (i.e., Good diversification). The correlation of Guidestone Value 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.

Guidestone Value Correlation With Market

Almost no diversification

The correlation between Guidestone Value Equity and DJI is 0.92 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Guidestone Value Equity 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 Guidestone Value Equity. 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 manufacturing.

Moving together with Guidestone Mutual Fund

  0.99GCOZX Growth AllocationPairCorr
  0.99GDMYX Defensive Market StrPairCorr
  0.99GDMZX Defensive Market StrPairCorr
  0.92GVEYX Value Equity InstituPairCorr
  0.92GVEZX Value Equity InvestorPairCorr
  1.0GVIZX Guidestone Value EquityPairCorr
  0.98GEIYX Guidestone Growth EquityPairCorr
  0.98GEIZX Guidestone Growth EquityPairCorr
  0.97GEMYX Emerging Markets EquityPairCorr
  0.97GEMZX Emerging Markets EquityPairCorr
  0.99GEQYX Equity Index InstituPairCorr
  0.99GEQZX Equity Index InvestorPairCorr
  0.97GFIZX Conservative AllocationPairCorr
  0.99GGBZX Aggressive AllocationPairCorr
  0.75GGBEX Global Bond FundPairCorr
  0.74GGBFX Global Bond FundPairCorr
  0.99GGEYX Guidestone Fds GrowthPairCorr
  0.99GGEZX Growth Equity InvestorPairCorr
  0.98GGIZX Balanced AllocationPairCorr
  0.99GGRYX Growth AllocationPairCorr
  0.95GIEYX International EquityPairCorr
  0.95GIEZX International EquityPairCorr
  0.95GIIYX International EquityPairCorr
  0.95GIIZX Guidestone Funds IntPairCorr
  0.83GLDYX Low Duration BondPairCorr
  0.81GLDZX Low Duration BondPairCorr
  0.7GMDYX Medium Duration BondPairCorr
  0.69GMDZX Medium Duration BondPairCorr
  0.99GMFZX Mydestination 2045PairCorr
  0.99GMEYX Guidestone Funds ImpactPairCorr
  0.99GMEZX Guidestone Funds ImpactPairCorr
  0.99GMHYX Mydestination 2035PairCorr
  0.99GMHZX Mydestination 2035PairCorr
  0.99GMGYX Mydestination 2055PairCorr
  0.99GMGZX Mydestination 2055PairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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