Growth Equity Correlations

GGEZX Fund

USD 24.50 0.05 0.20%

The current 90-days correlation between Growth Equity Investor and Aqr Small Cap is -0.04 (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 -0.08 (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

0.88	GDMYX	Defensive Market Str	Pair Corr
0.88	GDMZX	Defensive Market Str	Pair Corr
0.61	GVIYX	Guidestone Value Equity	Pair Corr
0.61	GVIZX	Guidestone Value Equity	Pair Corr
1.0	GEIYX	Guidestone Growth Equity	Pair Corr
1.0	GEIZX	Guidestone Growth Equity	Pair Corr
0.78	GEQYX	Equity Index Institu	Pair Corr
0.97	GEQZX	Equity Index Investor	Pair Corr
0.61	GGBZX	Aggressive Allocation	Pair Corr
1.0	GGEYX	Guidestone Fds Growth	Pair Corr
0.65	GMFZX	Mydestination 2045	Pair Corr
0.67	GMGYX	Mydestination 2055	Pair Corr

Moving against Growth Mutual Fund

0.76	GLDZX	Low Duration Bond	Pair Corr
0.73	GLDYX	Low Duration Bond	Pair Corr
0.58	GGBFX	Global Bond Fund	Pair Corr
0.56	GGBEX	Global Bond Fund	Pair Corr
0.55	GIIYX	International Equity	Pair Corr
0.52	GIEZX	International Equity	Pair Corr
0.52	GIIZX	Guidestone Funds Int	Pair Corr
0.36	GIEYX	International Equity	Pair Corr
0.67	GMBYX	Guidestone Funds	Pair Corr
0.67	GMBZX	Guidestone Funds	Pair Corr
0.64	GMDYX	Medium Duration Bond	Pair Corr
0.64	GMDZX	Medium Duration Bond	Pair Corr

Related Correlations Analysis

	QSERX	PMDDX	VSFSX	QLMSTX	OWSMX	LMBMX	GLVIX	MSSGX
QSERX		0.84	0.89	0.8	0.8	0.94	0.58	0.85	QSERX
PMDDX	0.84		0.97	0.93	0.8	0.93	0.76	0.85	PMDDX
VSFSX	0.89	0.97		0.95	0.8	0.97	0.76	0.93	VSFSX
QLMSTX	0.8	0.93	0.95		0.79	0.92	0.87	0.91	QLMSTX
OWSMX	0.8	0.8	0.8	0.79		0.76	0.78	0.7	OWSMX
LMBMX	0.94	0.93	0.97	0.92	0.76		0.68	0.95	LMBMX
GLVIX	0.58	0.76	0.76	0.87	0.78	0.68		0.7	GLVIX
MSSGX	0.85	0.85	0.93	0.91	0.7	0.95	0.7		MSSGX
	QSERX	PMDDX	VSFSX	QLMSTX	OWSMX	LMBMX	GLVIX	MSSGX

Click cells to compare fundamentals

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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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
QSERX	1.15	(0.23)	(0.21)	1.83	(2.52)	12.07
PMDDX	0.82	(0.08)	(0.16)	1.31	(1.78)	3.94
VSFSX	0.87	(0.10)	(0.17)	1.48	(2.07)	5.18
QLMSTX	1.03	(0.09)	(0.15)	1.71	(2.77)	5.65
OWSMX	0.67	(0.06)	(0.17)	1.19	(1.37)	3.89
LMBMX	1.05	(0.16)	(0.20)	1.96	(2.70)	5.60
GLVIX	0.92	(0.03)	(0.10)	1.50	(2.12)	5.60
MSSGX	1.76	(0.12)	(0.16)	3.70	(3.91)	10.50

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