Medium-duration Bond Correlations

GMDZX Fund  USD 12.64  0.03  0.24%   
The current 90-days correlation between Medium Duration Bond and Value Equity Investor is 0.19 (i.e., Average diversification). The correlation of Medium-duration Bond 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.

Medium-duration Bond Correlation With Market

Average diversification

The correlation between Medium Duration Bond Investor and DJI is 0.11 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Medium Duration Bond 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 Medium Duration Bond 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 MEDIUM-DURATION Mutual Fund

  0.72GEMYX Emerging Markets EquityPairCorr
  0.71GEMZX Emerging Markets EquityPairCorr
  0.69GFIZX Conservative AllocationPairCorr
  0.79GFSYX Strategic AlternativesPairCorr
  0.77GFSZX Strategic AlternativesPairCorr
  0.93GGBEX Global Bond FundPairCorr
  0.99GGBFX Global Bond FundPairCorr
  0.89GIEYX International EquityPairCorr
  0.89GIEZX International EquityPairCorr
  0.9GIIYX International EquityPairCorr
  0.96GLDYX Low Duration BondPairCorr
  0.96GLDZX Low Duration BondPairCorr
  0.94GMDYX Medium Duration BondPairCorr
  0.99GMBYX Guidestone FundsPairCorr
  1.0GMBZX Guidestone FundsPairCorr
  0.61GMTYX Mydestination 2015PairCorr

Moving against MEDIUM-DURATION Mutual Fund

  0.65GEIZX Guidestone Growth EquityPairCorr
  0.62GGEYX Guidestone Fds GrowthPairCorr
  0.62GGEZX Growth Equity Investor Steady GrowthPairCorr
  0.58GEIYX Guidestone Growth EquityPairCorr
  0.47GEQYX Equity Index InstituPairCorr
  0.47GEQZX Equity Index InvestorPairCorr
  0.62GSCZX Small Cap EquityPairCorr
  0.61GSCYX Small Cap EquityPairCorr

Related Correlations Analysis

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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   
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High negative correlations   
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Risk-Adjusted Indicators

There is a big difference between MEDIUM-DURATION Mutual Fund performing well and Medium-duration Bond 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 Medium-duration Bond'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.