Guidemark(r) Large Correlations

GMLGX Fund

USD 31.17 0.11 0.35%

The current 90-days correlation between Guidemark Large Cap and Saat Moderate Strategy is 0.76 (i.e., Poor diversification). The correlation of Guidemark(r) Large 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) Large Correlation With Market

Poor diversification

The correlation between Guidemark Large Cap and DJI is 0.7 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Guidemark Large Cap 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 Large Cap. 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 price.

Moving together with GUIDEMARK(R) Mutual Fund

0.96	GMSMX	Guidemark Smallmid Cap	Pair Corr
0.97	GPSTX	Guidepath Growth All	Pair Corr
0.99	GPTUX	Guidepath Tactical	Pair Corr
0.92	VTSAX	Vanguard Total Stock	Pair Corr
0.91	VFIAX	Vanguard 500 Index	Pair Corr
0.92	VTSMX	Vanguard Total Stock	Pair Corr
0.92	VITSX	Vanguard Total Stock	Pair Corr
0.92	VSMPX	Vanguard Total Stock	Pair Corr
0.92	VSTSX	Vanguard Total Stock	Pair Corr
0.91	VFINX	Vanguard 500 Index	Pair Corr
0.91	VFFSX	Vanguard 500 Index	Pair Corr
0.96	VINIX	Vanguard Institutional	Pair Corr
0.96	VIIIX	Vanguard Institutional	Pair Corr
0.96	DXQLX	Direxion Monthly Nasdaq	Pair Corr
0.96	RYVLX	Nasdaq 100 2x	Pair Corr
0.96	RYVYX	Nasdaq 100 2x	Pair Corr
0.96	UOPIX	Ultra Nasdaq 100	Pair Corr
0.96	RYCCX	Nasdaq 100 2x	Pair Corr
0.96	UOPSX	Ultranasdaq 100 Profund	Pair Corr
0.88	INPIX	Internet Ultrasector	Pair Corr
0.89	INPSX	Internet Ultrasector	Pair Corr
0.72	BIPIX	Biotechnology Ultrasector	Pair Corr

Moving against GUIDEMARK(R) Mutual Fund

0.57	GMCOX	Guidemark E Fixed	Pair Corr
0.54	GMWEX	Guidemark World Ex	Pair Corr
0.69	RGVCX	Us Government Securities	Pair Corr
0.64	MWTRX	Metropolitan West Total	Pair Corr
0.63	PRICX	Prudential Government	Pair Corr
0.62	RBFCX	Bond Fund	Pair Corr
0.61	IDPYX	Alliancebernstein	Pair Corr
0.57	VDMCX	Virtus Kar Developing	Pair Corr
0.56	SWISX	Schwab International	Pair Corr
0.49	CMBZX	Columbia Emerging Markets	Pair Corr
0.38	SHOAX	American Beacon Sim	Pair Corr

Related Correlations Analysis

	SMSDX	FEMDX	PIEFX	RYACX	FHKFX	EMDQX	BELSX	SEDAX
SMSDX		0.96	0.87	0.27	0.85	0.9	0.91	0.95	SMSDX
FEMDX	0.96		0.82	0.31	0.79	0.88	0.9	0.95	FEMDX
PIEFX	0.87	0.82		0.35	0.99	0.89	0.82	0.87	PIEFX
RYACX	0.27	0.31	0.35		0.33	0.56	0.39	0.48	RYACX
FHKFX	0.85	0.79	0.99	0.33		0.88	0.84	0.85	FHKFX
EMDQX	0.9	0.88	0.89	0.56	0.88		0.88	0.98	EMDQX
BELSX	0.91	0.9	0.82	0.39	0.84	0.88		0.92	BELSX
SEDAX	0.95	0.95	0.87	0.48	0.85	0.98	0.92		SEDAX
	SMSDX	FEMDX	PIEFX	RYACX	FHKFX	EMDQX	BELSX	SEDAX

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Risk-Adjusted Indicators

There is a big difference between GUIDEMARK(R) Mutual Fund performing well and Guidemark(r) Large 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) Large'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
SMSDX	0.22	0.03	0.21	0.05	0.26	(0.27)	0.43	(0.51)	1.30
FEMDX	0.15	0.02	0.42	0.29	0.00	(0.20)	0.42	(0.26)	1.11
PIEFX	0.99	0.10	0.10	0.15	1.26	(0.99)	2.06	(2.04)	6.94
RYACX	1.08	0.09	0.18	(0.16)	1.06	(1.24)	2.78	(1.58)	6.30
FHKFX	0.84	0.08	0.10	0.10	1.07	(0.88)	1.94	(1.91)	5.94
EMDQX	0.30	0.03	0.22	0.24	0.25	(0.43)	0.68	(0.46)	1.75
BELSX	0.43	0.05	0.20	1.63	0.44	(0.49)	0.92	(0.81)	2.59
SEDAX	0.25	0.03	0.27	0.33	0.19	(0.33)	0.59	(0.36)	1.19

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