Guidemark(r) Small/mid Correlations

GMSMX Fund

USD 18.61 0.08 0.43%

The current 90-days correlation between Guidemark Smallmid Cap and Oppenheimer Gold Special is 0.43 (i.e., Very weak diversification). The correlation of Guidemark(r) Small/mid 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) Small/mid Correlation With Market

Poor diversification

The correlation between Guidemark Smallmid Cap and DJI is 0.64 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Guidemark Smallmid 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 Smallmid 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 population.

Moving together with Guidemark(r) Mutual Fund

0.96	GMLGX	Guidemark Large Cap	Pair Corr
0.92	GPSTX	Guidepath Growth All	Pair Corr
0.98	GPTUX	Guidepath Tactical	Pair Corr
0.84	VSMAX	Vanguard Small Cap	Pair Corr
0.84	VSCIX	Vanguard Small Cap	Pair Corr
0.84	VSCPX	Vanguard Small Cap	Pair Corr
0.84	NAESX	Vanguard Small Cap	Pair Corr
0.88	FSSNX	Fidelity Small Cap	Pair Corr
0.86	DFSTX	Us Small Cap	Pair Corr
0.86	PASVX	T Rowe Price	Pair Corr
0.85	PRVIX	T Rowe Price	Pair Corr
0.85	TRZVX	T Rowe Price	Pair Corr
0.85	PRSVX	T Rowe Price	Pair Corr
0.84	SMPIX	Semiconductor Ultrasector	Pair Corr
0.87	SMPSX	Semiconductor Ultrasector	Pair Corr

Moving against Guidemark(r) Mutual Fund

0.64	GMWEX	Guidemark World Ex	Pair Corr
0.62	GMCOX	Guidemark E Fixed	Pair Corr
0.78	GILDX	Guggenheim Limited	Pair Corr
0.69	SIEYX	International Equity	Pair Corr
0.68	MWTTX	Metropolitan West Total	Pair Corr
0.66	VWTAX	Tomorrows Scholar College	Pair Corr
0.64	PIRMX	Pimco Inflation Response	Pair Corr
0.57	VTIAX	Vanguard Total Inter	Pair Corr
0.49	BNUEX	Ubs International	Pair Corr
0.37	DCXCX	Catalystmillburn Dyn	Pair Corr

Related Correlations Analysis

	OGMCX	EPGFX	QGLDX	UNWPX	USERX
OGMCX		0.99	0.97	0.97	0.97	OGMCX
EPGFX	0.99		0.97	0.97	0.97	EPGFX
QGLDX	0.97	0.97		0.96	0.95	QGLDX
UNWPX	0.97	0.97	0.96		0.94	UNWPX
USERX	0.97	0.97	0.95	0.94		USERX
	OGMCX	EPGFX	QGLDX	UNWPX	USERX

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Risk-Adjusted Indicators

There is a big difference between Guidemark(r) Mutual Fund performing well and Guidemark(r) Small/mid 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) Small/mid'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
OGMCX	1.25	0.26	0.16	0.43	1.44	(1.38)	2.70	(3.16)	7.69
EPGFX	1.27	0.27	0.18	0.68	1.37	(1.39)	2.97	(2.43)	7.71
QGLDX	0.72	0.17	0.24	(2.70)	0.68	(0.82)	1.71	(1.33)	3.97
UNWPX	1.28	0.29	0.17	0.73	1.38	(1.60)	3.11	(2.50)	8.41
USERX	1.25	0.28	0.20	(6.64)	1.33	(1.43)	3.06	(2.98)	7.07

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