Mydestination 2055 Correlations
| GMGZX Fund | USD 17.21 0.11 0.64% |
The current 90-days correlation between Mydestination 2055 and Franklin Natural Resources is 0.17 (i.e., Average diversification). The correlation of Mydestination 2055 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.
Mydestination 2055 Correlation With Market
Very weak diversification
The correlation between Mydestination 2055 Fund and DJI is 0.57 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mydestination 2055 Fund and DJI in the same portfolio, assuming nothing else is changed.
Mydestination |
Moving together with Mydestination Mutual Fund
| 0.89 | GCOZX | Growth Allocation | PairCorr |
| 0.67 | GDMYX | Defensive Market Str | PairCorr |
| 0.66 | GDMZX | Defensive Market Str | PairCorr |
| 0.77 | GVEZX | Value Equity Investor | PairCorr |
| 0.9 | GVIYX | Guidestone Value Equity | PairCorr |
| 0.89 | GVIZX | Guidestone Value Equity | PairCorr |
| 0.82 | GEMYX | Emerging Markets Equity | PairCorr |
| 0.79 | GEMZX | Emerging Markets Equity | PairCorr |
| 0.81 | GEQYX | Equity Index Institu | PairCorr |
| 0.9 | GEQZX | Equity Index Investor | PairCorr |
| 0.87 | GFIZX | Conservative Allocation | PairCorr |
| 0.89 | GGBZX | Aggressive Allocation | PairCorr |
| 0.66 | GGBEX | Global Bond Fund | PairCorr |
| 0.66 | GGBFX | Global Bond Fund | PairCorr |
| 0.95 | GGIZX | Balanced Allocation | PairCorr |
| 0.86 | GGRYX | Growth Allocation | PairCorr |
| 0.78 | GIEYX | International Equity | PairCorr |
| 0.79 | GIEZX | International Equity | PairCorr |
| 0.77 | GIIYX | International Equity | PairCorr |
| 0.74 | GIIZX | Guidestone Funds Int | PairCorr |
| 0.99 | GMFZX | Mydestination 2045 | PairCorr |
| 0.94 | GMEZX | Guidestone Funds Impact | PairCorr |
| 0.83 | GMHYX | Mydestination 2035 | PairCorr |
| 0.95 | GMHZX | Mydestination 2035 | PairCorr |
| 1.0 | GMGYX | Mydestination 2055 | PairCorr |
Related Correlations Analysis
| 0.8 | 0.97 | 0.81 | 1.0 | 0.8 | 0.82 | FNCRX | ||
| 0.8 | 0.74 | 0.69 | 0.81 | 0.47 | 0.69 | XGNTX | ||
| 0.97 | 0.74 | 0.76 | 0.97 | 0.72 | 0.78 | ENPSX | ||
| 0.81 | 0.69 | 0.76 | 0.82 | 0.8 | 1.0 | TMLAX | ||
| 1.0 | 0.81 | 0.97 | 0.82 | 0.8 | 0.83 | FRNRX | ||
| 0.8 | 0.47 | 0.72 | 0.8 | 0.8 | 0.81 | AIWEX | ||
| 0.82 | 0.69 | 0.78 | 1.0 | 0.83 | 0.81 | TMCLX | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between Mydestination Mutual Fund performing well and Mydestination 2055 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 Mydestination 2055'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| FNCRX | 0.86 | (0.13) | 0.00 | (0.79) | 0.00 | 1.23 | 4.45 | |||
| XGNTX | 0.61 | (0.04) | 0.00 | (1.06) | 0.00 | 1.13 | 4.33 | |||
| ENPSX | 1.48 | (0.20) | 0.00 | (0.53) | 0.00 | 2.37 | 7.38 | |||
| TMLAX | 1.00 | (0.03) | 0.00 | (0.48) | 0.00 | 1.59 | 6.23 | |||
| FRNRX | 0.86 | (0.13) | 0.00 | (0.79) | 0.00 | 1.23 | 4.45 | |||
| AIWEX | 1.12 | (0.16) | 0.00 | (1.65) | 0.00 | 1.86 | 9.63 | |||
| TMCLX | 1.00 | (0.03) | 0.00 | (0.52) | 0.00 | 1.71 | 6.34 |