Growth Allocation Correlations

GGRYX Fund

USD 13.40 0.07 0.52%

The current 90-days correlation between Growth Allocation and Growth Allocation Fund is 1.0 (i.e., No risk reduction). The correlation of Growth 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.

Growth Allocation Correlation With Market

Poor diversification

The correlation between Growth Allocation Fund and DJI is 0.73 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Growth 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 Growth 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 manufacturing.

Moving together with Growth Mutual Fund

1.0	GCOZX	Growth Allocation	Pair Corr
0.65	GVIYX	Guidestone Value Equity	Pair Corr
0.64	GVIZX	Guidestone Value Equity	Pair Corr
0.76	GEIYX	Guidestone Growth Equity	Pair Corr
0.76	GEIZX	Guidestone Growth Equity	Pair Corr
0.81	GEQYX	Equity Index Institu	Pair Corr
0.81	GEQZX	Equity Index Investor	Pair Corr
0.8	GFIZX	Conservative Allocation	Pair Corr
0.96	GGBZX	Aggressive Allocation	Pair Corr
0.62	GGEYX	Guidestone Fds Growth	Pair Corr
0.87	GGIZX	Balanced Allocation	Pair Corr
0.78	GMFZX	Mydestination 2045	Pair Corr
0.93	GMGYX	Mydestination 2055	Pair Corr
0.93	GMGZX	Mydestination 2055	Pair Corr

Related Correlations Analysis

	GCOZX	GDMYX	GDMZX	GVEYX	GVEZX	GVIYX	GVIZX	GEIYX	GEIZX	GEMYX
GCOZX		0.47	0.44	0.4	0.39	0.64	0.64	0.75	0.75	0.1	GCOZX
GDMYX	0.47		1.0	0.98	0.98	0.91	0.91	0.47	0.47	-0.15	GDMYX
GDMZX	0.44	1.0		0.98	0.98	0.9	0.91	0.45	0.46	-0.15	GDMZX
GVEYX	0.4	0.98	0.98		1.0	0.92	0.92	0.44	0.44	-0.13	GVEYX
GVEZX	0.39	0.98	0.98	1.0		0.91	0.91	0.43	0.43	-0.13	GVEZX
GVIYX	0.64	0.91	0.9	0.92	0.91		1.0	0.7	0.7	-0.26	GVIYX
GVIZX	0.64	0.91	0.91	0.92	0.91	1.0		0.69	0.69	-0.26	GVIZX
GEIYX	0.75	0.47	0.45	0.44	0.43	0.7	0.69		1.0	-0.38	GEIYX
GEIZX	0.75	0.47	0.46	0.44	0.43	0.7	0.69	1.0		-0.38	GEIZX
GEMYX	0.1	-0.15	-0.15	-0.13	-0.13	-0.26	-0.26	-0.38	-0.38		GEMYX
	GCOZX	GDMYX	GDMZX	GVEYX	GVEZX	GVIYX	GVIZX	GEIYX	GEIZX	GEMYX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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

GDMZX	+ 1.0	GDMYX
GVEZX	+ 1.0	GVEYX
GVIZX	+ 1.0	GVIYX
GEIZX	+ 1.0	GEIYX
GVEYX	+ 0.98	GDMYX
GVEZX	+ 0.98	GDMYX

High negative correlations

GEMYX	- 0.38	GEIZX
GEMYX	- 0.38	GEIYX
GEMYX	- 0.26	GVIZX
GEMYX	- 0.26	GVIYX
GEMYX	- 0.15	GDMZX
GEMYX	- 0.15	GDMYX

Risk-Adjusted Indicators

There is a big difference between Growth Mutual Fund performing well and Growth 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 Growth 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
GCOZX	0.38	(0.01)	(0.12)	0.07	0.37	(0.44)	0.91	(0.75)	2.44
GDMYX	0.36	(0.09)	0.00	(0.07)	0.00	0.00	0.56	(0.64)	7.51
GDMZX	0.36	(0.09)	0.00	(0.08)	0.00	0.00	0.64	(0.64)	7.53
GVEYX	0.57	(0.13)	0.00	(0.05)	0.00	0.00	1.06	(0.81)	11.82
GVEZX	0.57	(0.13)	0.00	(0.05)	0.00	0.00	1.12	(0.82)	11.85
GVIYX	0.49	(0.07)	(0.08)	0.01	0.80	(0.75)	1.10	(0.70)	7.61
GVIZX	0.49	(0.07)	(0.09)	0.01	0.81	(0.69)	1.14	(0.70)	7.53
GEIYX	0.66	0.07	0.03	0.19	0.82	(0.73)	1.73	(1.53)	5.94
GEIZX	0.66	0.07	0.03	0.19	0.82	(0.73)	1.69	(1.54)	5.95
GEMYX	0.70	0.02	(0.06)	0.17	0.79	(0.91)	1.43	(1.74)	5.33

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