Guidemark Large Correlations

GMLVX Fund

USD 11.62 0.06 0.51%

The current 90-days correlation between Guidemark Large Cap and Doubleline Core Fixed is -0.11 (i.e., Good diversification). The correlation of Guidemark 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 Large Correlation With Market

Weak diversification

The correlation between Guidemark Large Cap and DJI is 0.39 (i.e., Weak 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 real.

Moving together with Guidemark Mutual Fund

0.68	GMCOX	Guidemark E Fixed	Pair Corr
0.83	GMWEX	Guidemark World Ex	Pair Corr
0.77	GPTCX	Guidepath(r) Conservative	Pair Corr
0.97	VEMAX	Vanguard Emerging Markets	Pair Corr
0.97	VEIEX	Vanguard Emerging Markets	Pair Corr
0.97	VEMIX	Vanguard Emerging Markets	Pair Corr
0.97	VEMRX	Vanguard Emerging Markets	Pair Corr
0.86	FWWNX	American Funds New	Pair Corr
0.86	FNFWX	American Funds New	Pair Corr
0.86	NEWFX	New World Fund	Pair Corr
0.86	NWFFX	New World Fund	Pair Corr
0.84	NEWCX	New World Fund	Pair Corr
0.99	ODVYX	Oppenheimer Developing	Pair Corr
0.9	VTISX	Vanguard Total Inter	Pair Corr
0.9	VTSNX	Vanguard Total Inter	Pair Corr
0.9	VTPSX	Vanguard Total Inter	Pair Corr
0.97	IEMFX	T Rowe Price	Pair Corr
0.9	VZICX	Vanguard International	Pair Corr
0.77	FIVOX	Fidelity International	Pair Corr
0.84	TIEUX	International Equity	Pair Corr
0.82	MCOCX	Madison Conservative	Pair Corr
0.75	IOSAX	Voya Global Bond	Pair Corr
0.65	MHOIX	Mfs Global High	Pair Corr
0.76	VWINX	Vanguard Wellesley Income	Pair Corr
0.63	ACTVX	Zero Pon 2025	Pair Corr

Related Correlations Analysis

	DDCFX	MSTFX	RBCIX	QMNIX	PAEIX	CIESX	TOIIX	DBLFX
DDCFX		0.89	0.89	0.88	0.9	0.8	0.92	1.0	DDCFX
MSTFX	0.89		0.95	0.88	0.98	0.92	0.96	0.89	MSTFX
RBCIX	0.89	0.95		0.89	0.94	0.83	0.97	0.89	RBCIX
QMNIX	0.88	0.88	0.89		0.93	0.85	0.95	0.86	QMNIX
PAEIX	0.9	0.98	0.94	0.93		0.94	0.97	0.9	PAEIX
CIESX	0.8	0.92	0.83	0.85	0.94		0.85	0.8	CIESX
TOIIX	0.92	0.96	0.97	0.95	0.97	0.85		0.92	TOIIX
DBLFX	1.0	0.89	0.89	0.86	0.9	0.8	0.92		DBLFX
	DDCFX	MSTFX	RBCIX	QMNIX	PAEIX	CIESX	TOIIX	DBLFX

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Risk-Adjusted Indicators

There is a big difference between Guidemark Mutual Fund performing well and Guidemark 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 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
DDCFX	0.21	0.02	0.34	0.62	0.11	(0.27)	0.54	(0.33)	1.22
MSTFX	0.66	0.10	0.14	0.12	0.81	(0.72)	1.39	(1.42)	4.63
RBCIX	1.30	0.24	0.17	0.64	1.31	(1.52)	2.72	(2.64)	7.76
QMNIX	0.30	0.15	0.54	0.91	0.00	(0.41)	0.68	(0.39)	1.97
PAEIX	0.67	0.12	0.16	0.15	0.78	(0.72)	1.50	(1.54)	4.54
CIESX	0.68	0.07	0.10	0.07	0.95	(0.71)	1.58	(1.20)	5.26
TOIIX	0.66	0.21	0.28	0.34	0.60	(0.74)	1.51	(1.47)	5.44
DBLFX	0.22	0.02	0.30	0.44	0.17	(0.27)	0.54	(0.33)	1.33

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Guidemark Large Correlations

Guidemark Large Correlation With Market

Weak diversification

Moving together with Guidemark Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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