Guidestone Funds Correlations

GMBZX Fund

9.64 0.04 0.41%

The current 90-days correlation between Guidestone Funds and Morningstar Unconstrained Allocation 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 0.06 (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 nation.

Moving together with Guidestone Mutual Fund

0.98	GGBEX	Global Bond Fund	Pair Corr
0.99	GGBFX	Global Bond Fund	Pair Corr
0.7	GIEYX	International Equity	Pair Corr
0.7	GIEZX	International Equity	Pair Corr
0.82	GIIYX	International Equity	Pair Corr
0.83	GIIZX	Guidestone Funds Int	Pair Corr
0.62	GLDYX	Low Duration Bond	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	GMBYX	Guidestone Funds	Pair Corr

Moving against Guidestone Mutual Fund

0.71	GEIYX	Guidestone Growth Equity	Pair Corr
0.71	GEIZX	Guidestone Growth Equity	Pair Corr
0.68	GEQYX	Equity Index Institu	Pair Corr
0.67	GEQZX	Equity Index Investor	Pair Corr
0.55	GGEYX	Guidestone Fds Growth	Pair Corr
0.54	GGEZX	Growth Equity Investor	Pair Corr
0.45	GVIYX	Guidestone Value Equity	Pair Corr
0.45	GGBZX	Aggressive Allocation	Pair Corr
0.44	GVIZX	Guidestone Value Equity	Pair Corr
0.32	GVEYX	Value Equity Institu	Pair Corr
0.31	GVEZX	Value Equity Investor	Pair Corr
0.52	GSCYX	Small Cap Equity	Pair Corr
0.51	GSCZX	Small Cap Equity	Pair Corr
0.46	GAGYX	Aggressive Allocation	Pair Corr

Related Correlations Analysis

	MSTSX	TRSAX	ILESX	IAFLX	TFCCX
MSTSX		0.45	0.49	0.47	0.35	MSTSX
TRSAX	0.45		0.95	0.91	0.85	TRSAX
ILESX	0.49	0.95		0.94	0.89	ILESX
IAFLX	0.47	0.91	0.94		0.73	IAFLX
TFCCX	0.35	0.85	0.89	0.73		TFCCX
	MSTSX	TRSAX	ILESX	IAFLX	TFCCX

Click cells to compare fundamentals

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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
MSTSX	0.45	(0.01)	(0.09)	0.07	0.43	(0.58)	1.21	(0.84)	2.80
TRSAX	0.73	(0.01)	(0.02)	0.07	1.53	(0.64)	1.60	(1.49)	9.13
ILESX	0.55	0.06	0.07	0.15	0.49	(0.64)	1.21	(1.07)	4.75
IAFLX	0.68	0.12	0.08	0.28	0.68	(0.72)	1.72	(1.56)	4.92
TFCCX	0.49	(0.03)	(0.07)	0.05	0.59	(0.55)	0.83	(0.69)	5.58

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