Guidemark(r) World Correlations

GMWEX Fund

USD 11.46 0.01 0.09%

The current 90-days correlation between Guidemark World Ex and Global Real Estate is 0.71 (i.e., Poor diversification). The correlation of Guidemark(r) World 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) World Correlation With Market

Poor diversification

The correlation between Guidemark World Ex Us and DJI is 0.6 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Guidemark World Ex Us 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 World Ex Us. 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 income.

Moving together with Guidemark(r) Mutual Fund

0.88	GMCOX	Guidemark E Fixed	Pair Corr
0.84	GMLVX	Guidemark Large Cap	Pair Corr
0.78	GPTCX	Guidepath(r) Conservative	Pair Corr
0.99	VGTSX	Vanguard Total Inter	Pair Corr
0.99	VTIAX	Vanguard Total Inter	Pair Corr
0.96	VTSNX	Vanguard Total Inter	Pair Corr
0.99	VTPSX	Vanguard Total Inter	Pair Corr
0.96	VTISX	Vanguard Total Inter	Pair Corr
0.97	VTMGX	Vanguard Developed	Pair Corr
1.0	VDVIX	Vanguard Developed	Pair Corr
0.97	VTMNX	Vanguard Developed	Pair Corr
1.0	VDIPX	Vanguard Developed	Pair Corr
1.0	FSPSX	Fidelity International	Pair Corr
0.95	PDI	Pimco Dynamic Income Sell-off Trend	Pair Corr
0.94	FTCAX	Templeton Strained Bond	Pair Corr
0.94	IIXAX	Catalyst Insider Income	Pair Corr
0.97	REGAX	American Funds Emerging	Pair Corr
0.89	PRCIX	T Rowe Price	Pair Corr
0.98	RWIIX	Redwood Alphafactor	Pair Corr
0.95	BNUEX	Ubs International	Pair Corr
0.91	LWSTX	Western Asset Short	Pair Corr
0.64	RYCQX	Inverse Russell 2000	Pair Corr
0.7	PCMFX	California Municipal	Pair Corr
0.97	TNUIX	1290 Unconstrained Bond	Pair Corr
0.84	DPFNX	Deer Park Total	Pair Corr
0.84	RWDNX	Redwood Managed Vola	Pair Corr
0.75	FSMSX	Fs Multi Strategy	Pair Corr

Moving against Guidemark(r) Mutual Fund

0.87	TCTGX	Transamerica Cleartrack	Pair Corr
0.64	GMSMX	Guidemark Smallmid Cap	Pair Corr
0.57	GPTUX	Guidepath Tactical	Pair Corr
0.56	GMLGX	Guidemark Large Cap	Pair Corr
0.35	GPSTX	Guidepath Growth All	Pair Corr
0.86	TDKTX	Cleartrack 2015 Class	Pair Corr
0.86	TCTJX	Transamerica Cleartrack	Pair Corr
0.86	TCSUX	Cleartrack 2020 Class	Pair Corr

Related Correlations Analysis

	RRSCX	REPIX	FRIOX	SEIRX	TRREX	CREMX	REINX
RRSCX		0.97	0.77	0.95	0.95	0.47	0.96	RRSCX
REPIX	0.97		0.86	0.97	0.99	0.59	0.99	REPIX
FRIOX	0.77	0.86		0.79	0.9	0.88	0.85	FRIOX
SEIRX	0.95	0.97	0.79		0.95	0.46	0.98	SEIRX
TRREX	0.95	0.99	0.9	0.95		0.65	0.99	TRREX
CREMX	0.47	0.59	0.88	0.46	0.65		0.56	CREMX
REINX	0.96	0.99	0.85	0.98	0.99	0.56		REINX
	RRSCX	REPIX	FRIOX	SEIRX	TRREX	CREMX	REINX

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Risk-Adjusted Indicators

There is a big difference between Guidemark(r) Mutual Fund performing well and Guidemark(r) World 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) World'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
RRSCX	0.76	(0.01)	0.00	(0.05)	0.00	0.00	1.56	(1.56)	4.16
REPIX	1.40	0.02	0.00	(0.02)	0.00	0.00	2.69	(2.92)	7.54
FRIOX	0.26	0.02	0.11	0.07	0.32	(0.28)	0.59	(0.50)	1.30
SEIRX	0.97	(0.03)	0.00	(0.08)	0.00	0.00	1.69	(2.42)	4.42
TRREX	0.94	0.01	0.00	(0.02)	0.00	0.00	1.63	(1.89)	4.40
CREMX	0.02	0.02	0.00	7.71	0.00	0.00	0.08	0.00	0.08
REINX	0.91	0.00	0.00	(0.04)	0.00	0.00	1.61	(1.78)	4.62

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