Guidestone Funds Correlations

GMBYX Fund

9.65 0.03 0.31%

The current 90-days correlation between Guidestone Funds and Growth Allocation Fund is 0.31 (i.e., Weak diversification). The correlation of Guidestone Funds 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.

Guidestone Funds Correlation With Market

Significant diversification

The correlation between Guidestone Funds and DJI is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Guidestone Funds 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 Guidestone Funds . 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 Guidestone Mutual Fund

0.98	GGBEX	Global Bond Fund	Pair Corr
0.99	GGBFX	Global Bond Fund	Pair Corr
0.71	GIEYX	International Equity	Pair Corr
0.71	GIEZX	International Equity	Pair Corr
0.83	GIIYX	International Equity	Pair Corr
0.84	GIIZX	Guidestone Funds Int	Pair Corr
0.91	GLDZX	Low Duration Bond	Pair Corr
0.99	GMDYX	Medium Duration Bond	Pair Corr
0.99	GMDZX	Medium Duration Bond	Pair Corr
1.0	GMBZX	Guidestone Funds	Pair Corr

Moving against Guidestone Mutual Fund

0.72	GEIYX	Guidestone Growth Equity	Pair Corr
0.72	GEIZX	Guidestone Growth Equity	Pair Corr
0.69	GEQYX	Equity Index Institu	Pair Corr
0.69	GEQZX	Equity Index Investor	Pair Corr
0.55	GGEYX	Guidestone Fds Growth	Pair Corr
0.54	GGEZX	Growth Equity Investor	Pair Corr
0.46	GVIYX	Guidestone Value Equity	Pair Corr
0.46	GGBZX	Aggressive Allocation	Pair Corr
0.45	GVIZX	Guidestone Value Equity	Pair Corr
0.32	GVEYX	Value Equity Institu	Pair Corr
0.32	GVEZX	Value Equity Investor	Pair Corr
0.53	GSCYX	Small Cap Equity	Pair Corr
0.53	GSCZX	Small Cap Equity	Pair Corr
0.47	GAGYX	Aggressive Allocation	Pair Corr
0.31	GMGYX	Mydestination 2055	Pair Corr

Related Correlations Analysis

	GCOZX	GDMYX	GDMZX	GVEYX	GVEZX	GVIYX	GVIZX	GEIYX	GEMYX	GEMZX
GCOZX		0.47	0.44	0.4	0.39	0.64	0.64	0.75	0.1	0.09	GCOZX
GDMYX	0.47		1.0	0.98	0.98	0.91	0.91	0.47	-0.15	-0.16	GDMYX
GDMZX	0.44	1.0		0.98	0.98	0.9	0.91	0.45	-0.15	-0.16	GDMZX
GVEYX	0.4	0.98	0.98		1.0	0.92	0.92	0.44	-0.13	-0.13	GVEYX
GVEZX	0.39	0.98	0.98	1.0		0.91	0.91	0.43	-0.13	-0.13	GVEZX
GVIYX	0.64	0.91	0.9	0.92	0.91		1.0	0.7	-0.26	-0.27	GVIYX
GVIZX	0.64	0.91	0.91	0.92	0.91	1.0		0.69	-0.26	-0.27	GVIZX
GEIYX	0.75	0.47	0.45	0.44	0.43	0.7	0.69		-0.38	-0.39	GEIYX
GEMYX	0.1	-0.15	-0.15	-0.13	-0.13	-0.26	-0.26	-0.38		1.0	GEMYX
GEMZX	0.09	-0.16	-0.16	-0.13	-0.13	-0.27	-0.27	-0.39	1.0		GEMZX
	GCOZX	GDMYX	GDMZX	GVEYX	GVEZX	GVIYX	GVIZX	GEIYX	GEMYX	GEMZX

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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

GDMZX	+ 1.0	GDMYX
GVEZX	+ 1.0	GVEYX
GVIZX	+ 1.0	GVIYX
GEMZX	+ 1.0	GEMYX
GVEYX	+ 0.98	GDMYX
GVEZX	+ 0.98	GDMYX

High negative correlations

GEMZX	- 0.39	GEIYX
GEMYX	- 0.38	GEIYX
GEMZX	- 0.27	GVIZX
GEMZX	- 0.27	GVIYX
GEMYX	- 0.26	GVIZX
GEMYX	- 0.26	GVIYX

Risk-Adjusted Indicators

There is a big difference between Guidestone Mutual Fund performing well and Guidestone Funds 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 Guidestone Funds' 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
GEMYX	0.70	0.02	(0.06)	0.17	0.79	(0.91)	1.43	(1.74)	5.33
GEMZX	0.71	0.01	(0.06)	0.15	0.84	(0.80)	1.48	(1.75)	5.26

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