Guidemark(r) Core Correlations

Mutual Funds . USA . 
Fund . Guidemark E Fixed
GMCOX Fund  USD 8.23  0.01  0.12%   
The current 90-days correlation between Guidemark E Fixed and Us Government Securities is 0.84 (i.e., Very poor diversification). The correlation of Guidemark(r) Core 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.

Guidemark(r) Core Correlation With Market

Significant diversification

The correlation between Guidemark E Fixed and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Guidemark E Fixed 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 Guidemark E Fixed. 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 persons.

Moving together with Guidemark(r) Mutual Fund

  0.68GMLVX Guidemark Large CapPairCorr
  0.89GMWEX Guidemark World ExPairCorr
  0.66GPTCX Guidepath(r) ConservativePairCorr
  0.99VBTLX Vanguard Total BondPairCorr
  0.99VBMFX Vanguard Total BondPairCorr
  0.99VBTIX Vanguard Total BondPairCorr
  0.99VTBSX Vanguard Total BondPairCorr
  0.99VTBIX Vanguard Total BondPairCorr
  0.99VTBNX Vanguard Total BondPairCorr
  0.98FBOFX American FundsPairCorr
  0.98FFBOX American FundsPairCorr
  0.98BFAFX Bond FundPairCorr
  0.98ABNDX Bond FundPairCorr
  0.77GAAKX Gmo Alternative AlloPairCorr
  0.77GAAGX Gmo Alternative AlloPairCorr
  0.98GPBFX Gmo E PlusPairCorr
  0.86WARCX Wells Fargo AdvantagePairCorr
  0.99RBFCX Bond FundPairCorr
  0.96DGCAX Delaware Porate BondPairCorr
  0.66FAEDX FaedxPairCorr
  0.87DVRCX Mfs Global AlternativePairCorr
  0.96SWRSX Schwab Treasury InflationPairCorr
  0.73MPHLX Massmutual Premier HighPairCorr
  0.99DPRFX Delaware DiversifiedPairCorr
  0.65UIPIX Ultrashort Mid CapPairCorr
  0.67JEMWX Jpmorgan Emerging MarketsPairCorr
  0.99TAIBX Prudential E BondPairCorr
  0.93LASNX Loomis Sayles StrategicPairCorr
  0.64VHCIX Vanguard Health CarePairCorr

Moving against Guidemark(r) Mutual Fund

  0.6GMSMX Guidemark Smallmid CapPairCorr
  0.58GPTUX Guidepath TacticalPairCorr
  0.57GMLGX Guidemark Large CapPairCorr
  0.39GPSTX Guidepath Growth AllPairCorr
  0.9PQTAX Pimco Trends ManagedPairCorr
  0.89PQTNX Pimco Trends ManagedPairCorr
  0.89PQTIX Aa Pimco TrPairCorr
  0.85GPMFX Guidepath Managed FuturesPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Guidemark(r) Mutual Fund performing well and Guidemark(r) Core 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 Guidemark(r) Core'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.

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