Aggressive Allocation Correlations

GGBZX Fund

USD 13.53 0.08 0.59%

The current 90-days correlation between Aggressive Allocation and Chestnut Street Exchange is 0.66 (i.e., Poor diversification). The correlation of Aggressive Allocation 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.

Aggressive Allocation Correlation With Market

Poor diversification

The correlation between Aggressive Allocation Fund and DJI is 0.68 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Aggressive Allocation 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 Aggressive Allocation 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 Aggressive Mutual Fund

0.96	GCOZX	Growth Allocation	Pair Corr
0.73	GVIYX	Guidestone Value Equity	Pair Corr
0.73	GVIZX	Guidestone Value Equity	Pair Corr
0.84	GEIYX	Guidestone Growth Equity	Pair Corr
0.84	GEIZX	Guidestone Growth Equity	Pair Corr
0.89	GEQYX	Equity Index Institu	Pair Corr
0.89	GEQZX	Equity Index Investor	Pair Corr
0.67	GFIZX	Conservative Allocation	Pair Corr
0.73	GGEYX	Guidestone Fds Growth	Pair Corr
0.72	GGEZX	Growth Equity Investor	Pair Corr
0.76	GGIZX	Balanced Allocation	Pair Corr
0.96	GGRYX	Growth Allocation	Pair Corr
0.83	GMFZX	Mydestination 2045	Pair Corr
0.62	GMHYX	Mydestination 2035	Pair Corr
0.96	GMGYX	Mydestination 2055	Pair Corr
0.96	GMGZX	Mydestination 2055	Pair Corr

Moving against Aggressive Mutual Fund

0.45	GGBFX	Global Bond Fund	Pair Corr
0.44	GGBEX	Global Bond Fund	Pair Corr
0.44	GMDZX	Medium Duration Bond	Pair Corr
0.43	GMDYX	Medium Duration Bond	Pair Corr
0.41	GLDZX	Low Duration Bond	Pair Corr
0.46	GMBYX	Guidestone Funds	Pair Corr
0.45	GMBZX	Guidestone Funds	Pair Corr
0.39	GREZX	Global Real Estate	Pair Corr
0.38	GREYX	Global Real Estate	Pair Corr

Related Correlations Analysis

	CHNTX	GABXX	JHMXX	POIXX	FRQXX	STSEX	AEAXX
CHNTX		0.5	0.0	0.55	0.55	0.73	0.0	CHNTX
GABXX	0.5		0.0	0.84	0.84	-0.03	0.0	GABXX
JHMXX	0.0	0.0		0.0	0.0	0.0	0.0	JHMXX
POIXX	0.55	0.84	0.0		1.0	0.02	0.0	POIXX
FRQXX	0.55	0.84	0.0	1.0		0.02	0.0	FRQXX
STSEX	0.73	-0.03	0.0	0.02	0.02		0.0	STSEX
AEAXX	0.0	0.0	0.0	0.0	0.0	0.0		AEAXX
	CHNTX	GABXX	JHMXX	POIXX	FRQXX	STSEX	AEAXX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

FRQXX	+ 1.0	POIXX
POIXX	+ 0.84	GABXX
FRQXX	+ 0.84	GABXX
STSEX	+ 0.73	CHNTX
POIXX	+ 0.55	CHNTX
FRQXX	+ 0.55	CHNTX

High negative correlations

STSEX	- 0.03	GABXX
AEAXX	- 0.0	STSEX
AEAXX	- 0.0	FRQXX
AEAXX	- 0.0	POIXX
AEAXX	- 0.0	JHMXX
STSEX	- 0.0	JHMXX

Risk-Adjusted Indicators

There is a big difference between Aggressive Mutual Fund performing well and Aggressive Allocation 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 Aggressive Allocation'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
CHNTX	0.45	0.02	0.00	0.12	0.31	(0.54)	0.91	(0.64)	3.50
GABXX	0.03	0.01	0.00	(0.23)	0.00	0.00	0.00	0.00	1.01
JHMXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
POIXX	0.03	0.01	0.00	(2.95)	0.00	0.00	0.00	0.00	1.01
FRQXX	0.03	0.01	0.00	(2.95)	0.00	0.00	0.00	0.00	1.01
STSEX	0.46	(0.05)	(0.11)	0.03	0.62	(0.49)	0.89	(0.76)	3.90
AEAXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC