Guidestone Growth Correlations

GEIZX Fund

15.61 0.10 0.64%

The current 90-days correlation between Guidestone Growth Equity and Catholic Responsible Investments is -0.19 (i.e., Good diversification). The correlation of Guidestone Growth 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 Growth Correlation With Market

Very weak diversification

The correlation between Guidestone Growth Equity and DJI is 0.46 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Guidestone Growth 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 Growth 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 nation.

Moving together with Guidestone Mutual Fund

0.65	GEIYX	Guidestone Growth Equity	Pair Corr
0.65	GEQYX	Equity Index Institu	Pair Corr
0.84	GEQZX	Equity Index Investor	Pair Corr
0.73	GGEYX	Guidestone Fds Growth	Pair Corr
0.73	GGEZX	Growth Equity Investor	Pair Corr

Moving against Guidestone Mutual Fund

0.45	GFSZX	Strategic Alternatives	Pair Corr
0.35	GLDYX	Low Duration Bond	Pair Corr

Related Correlations Analysis

	CRDSX	BDMKX	TSDCX	PRWBX	MWUIX	SIGZX
CRDSX		0.96	0.89	0.96	0.94	0.9	CRDSX
BDMKX	0.96		0.92	0.92	0.89	0.94	BDMKX
TSDCX	0.89	0.92		0.92	0.9	0.98	TSDCX
PRWBX	0.96	0.92	0.92		0.92	0.92	PRWBX
MWUIX	0.94	0.89	0.9	0.92		0.92	MWUIX
SIGZX	0.9	0.94	0.98	0.92	0.92		SIGZX
	CRDSX	BDMKX	TSDCX	PRWBX	MWUIX	SIGZX

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Risk-Adjusted Indicators

There is a big difference between Guidestone Mutual Fund performing well and Guidestone Growth 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 Growth'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	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
CRDSX	0.08	0.02	0.88	(0.76)	(0.13)	0.21	(0.10)	0.42
BDMKX	0.07	0.00	0.97	0.00	(0.12)	0.11	(0.11)	0.33
TSDCX	0.05	0.01	0.00	(1.08)	0.00	0.11	(0.11)	0.66
PRWBX	0.09	0.02	0.46	(0.49)	(0.25)	0.22	(0.22)	0.66
MWUIX	0.08	0.02	0.00	0.85	0.00	0.24	(0.24)	0.98
SIGZX	0.06	0.02	0.94	(6.24)	(0.18)	0.10	(0.10)	0.61

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