Growth Equity Correlations

GGEZX Fund

USD 26.20 0.42 1.63%

The current 90-days correlation between Growth Equity Investor and Government Securities Fund is -0.02 (i.e., Good diversification). The correlation of Growth 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.

Growth Equity Correlation With Market

Good diversification

The correlation between Growth Equity Investor and DJI is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Growth 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 Growth 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 Growth Mutual Fund

0.92	GDMYX	Defensive Market Str	Pair Corr
0.9	GDMZX	Defensive Market Str	Pair Corr
0.75	GVEZX	Value Equity Investor	Pair Corr
0.62	GVIYX	Guidestone Value Equity	Pair Corr
0.62	GVIZX	Guidestone Value Equity	Pair Corr
0.73	GEIZX	Guidestone Growth Equity	Pair Corr
0.78	GEQYX	Equity Index Institu	Pair Corr
0.64	GEQZX	Equity Index Investor	Pair Corr
1.0	GGEYX	Guidestone Fds Growth	Pair Corr
0.74	GMHYX	Mydestination 2035	Pair Corr
0.72	GMWYX	Mydestination 2025	Pair Corr

Related Correlations Analysis

	UIGSX	CGTCX	FHNFX	TAMXX	RYAQX	RGVJX	UGSFX	BIGLX
UIGSX		0.92	0.98	0.0	-0.71	0.99	0.93	0.93	UIGSX
CGTCX	0.92		0.92	0.0	-0.7	0.93	1.0	0.99	CGTCX
FHNFX	0.98	0.92		0.0	-0.81	0.98	0.92	0.93	FHNFX
TAMXX	0.0	0.0	0.0		0.0	0.0	0.0	0.0	TAMXX
RYAQX	-0.71	-0.7	-0.81	0.0		-0.7	-0.68	-0.75	RYAQX
RGVJX	0.99	0.93	0.98	0.0	-0.7		0.93	0.93	RGVJX
UGSFX	0.93	1.0	0.92	0.0	-0.68	0.93		0.99	UGSFX
BIGLX	0.93	0.99	0.93	0.0	-0.75	0.93	0.99		BIGLX
	UIGSX	CGTCX	FHNFX	TAMXX	RYAQX	RGVJX	UGSFX	BIGLX

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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

UGSFX	+ 1.0	CGTCX
RGVJX	+ 0.99	UIGSX
BIGLX	+ 0.99	CGTCX
BIGLX	+ 0.99	UGSFX
FHNFX	+ 0.98	UIGSX
RGVJX	+ 0.98	FHNFX

High negative correlations

RYAQX	- 0.81	FHNFX
BIGLX	- 0.75	RYAQX
RYAQX	- 0.71	UIGSX
RGVJX	- 0.7	RYAQX
RYAQX	- 0.7	CGTCX
UGSFX	- 0.68	RYAQX

Risk-Adjusted Indicators

There is a big difference between Growth Mutual Fund performing well and Growth 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 Growth 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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
UIGSX	0.22	0.03	0.46	(0.36)	0.05	(0.29)	0.57	(0.35)	1.38
CGTCX	0.25	0.03	0.33	0.18	0.23	(0.29)	0.59	(0.43)	1.56
FHNFX	0.24	0.03	0.41	(0.34)	0.13	(0.28)	0.66	(0.44)	1.45
TAMXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
RYAQX	0.66	(0.02)	0.00	(0.19)	0.00	0.00	1.21	(1.61)	3.22
RGVJX	0.26	0.03	0.39	(0.38)	0.17	(0.32)	0.60	(0.43)	1.64
UGSFX	0.25	0.03	0.33	0.24	0.23	(0.29)	0.59	(0.42)	1.55
BIGLX	0.27	0.03	0.28	0.26	0.25	(0.34)	0.66	(0.55)	1.58

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