Strategic Alternatives Correlations

GFSZX Fund

USD 9.23 0.02 0.22%

The current 90-days correlation between Strategic Alternatives and Global Diversified Income is 0.02 (i.e., Significant diversification). The correlation of Strategic Alternatives 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.

Strategic Alternatives Correlation With Market

Significant diversification

The correlation between Strategic Alternatives Fund and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Strategic Alternatives Fund 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 Strategic Alternatives Fund. 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 Strategic Mutual Fund

0.63	GVEZX	Value Equity Investor	Pair Corr
0.67	GFIZX	Conservative Allocation	Pair Corr
0.67	GFSYX	Strategic Alternatives	Pair Corr
0.73	GGBEX	Global Bond Fund	Pair Corr
0.74	GGBFX	Global Bond Fund	Pair Corr
0.7	GIEYX	International Equity	Pair Corr
0.73	GIEZX	International Equity	Pair Corr
0.76	GMDYX	Medium Duration Bond	Pair Corr
0.75	GMDZX	Medium Duration Bond	Pair Corr
0.77	GMBYX	Guidestone Funds	Pair Corr
0.79	GMBZX	Guidestone Funds	Pair Corr
0.89	GMEYX	Guidestone Funds Impact	Pair Corr

Moving against Strategic Mutual Fund

0.45	GEIZX	Guidestone Growth Equity	Pair Corr
0.37	GEIYX	Guidestone Growth Equity	Pair Corr

Related Correlations Analysis

	PGBAX	DLTZX	LIXRX	ACDOX	SRDAX	WDIAX	MDBSX
PGBAX		0.87	0.77	0.87	-0.04	0.61	0.93	PGBAX
DLTZX	0.87		0.57	0.67	0.31	0.42	0.76	DLTZX
LIXRX	0.77	0.57		0.79	-0.22	0.92	0.7	LIXRX
ACDOX	0.87	0.67	0.79		-0.37	0.66	0.93	ACDOX
SRDAX	-0.04	0.31	-0.22	-0.37		-0.24	-0.28	SRDAX
WDIAX	0.61	0.42	0.92	0.66	-0.24		0.51	WDIAX
MDBSX	0.93	0.76	0.7	0.93	-0.28	0.51		MDBSX
	PGBAX	DLTZX	LIXRX	ACDOX	SRDAX	WDIAX	MDBSX

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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

MDBSX	+ 0.93	PGBAX
MDBSX	+ 0.93	ACDOX
WDIAX	+ 0.92	LIXRX
DLTZX	+ 0.87	PGBAX
ACDOX	+ 0.87	PGBAX
ACDOX	+ 0.79	LIXRX

High negative correlations

SRDAX	- 0.37	ACDOX
MDBSX	- 0.28	SRDAX
WDIAX	- 0.24	SRDAX
SRDAX	- 0.22	LIXRX
SRDAX	- 0.04	PGBAX

Risk-Adjusted Indicators

There is a big difference between Strategic Mutual Fund performing well and Strategic Alternatives 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 Strategic Alternatives' 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
PGBAX	0.15	0.02	0.59	(0.55)	0.00	(0.19)	0.34	(0.25)	0.94
DLTZX	0.09	0.02	0.64	(0.58)	0.00	(0.20)	0.26	(0.13)	0.64
LIXRX	0.29	0.01	0.00	(0.04)	0.00	0.00	0.55	(0.49)	1.85
ACDOX	0.24	0.02	0.32	0.17	0.22	(0.31)	0.55	(0.44)	1.54
SRDAX	0.14	0.00	0.37	(0.18)	0.11	(0.19)	0.29	(0.37)	0.95
WDIAX	0.57	0.00	0.00	(0.09)	0.00	0.00	1.07	(0.98)	3.64
MDBSX	0.23	0.03	0.42	(0.42)	0.09	(0.31)	0.75	(0.38)	1.38

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