Mydestination 2025 Correlations

GMWYX Fund

USD 10.35 0.05 0.48%

The correlation of Mydestination 2025 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 2025 Correlation With Market

Very weak diversification

The correlation between Mydestination 2025 Fund and DJI is 0.44 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mydestination 2025 Fund 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 Mydestination 2025 Fund. 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 manufacturing.

Moving together with Mydestination Mutual Fund

0.79	GCOZX	Growth Allocation	Pair Corr
0.9	GDMYX	Defensive Market Str	Pair Corr
0.9	GDMZX	Defensive Market Str	Pair Corr
0.96	GVEYX	Value Equity Institu	Pair Corr
0.93	GVEZX	Value Equity Investor	Pair Corr
0.95	GVIYX	Guidestone Value Equity	Pair Corr
0.77	GEQYX	Equity Index Institu	Pair Corr
0.76	GEQZX	Equity Index Investor	Pair Corr
0.71	GFIZX	Conservative Allocation	Pair Corr
0.76	GFSYX	Strategic Alternatives	Pair Corr
0.76	GFSZX	Strategic Alternatives	Pair Corr
0.74	GGBZX	Aggressive Allocation	Pair Corr
0.82	GGBEX	Global Bond Fund	Pair Corr
0.61	GGBFX	Global Bond Fund	Pair Corr
0.84	GGEYX	Guidestone Fds Growth	Pair Corr
0.8	GGEZX	Growth Equity Investor	Pair Corr
0.77	GGIZX	Balanced Allocation	Pair Corr
0.78	GGRYX	Growth Allocation	Pair Corr
0.88	GIEYX	International Equity	Pair Corr
0.88	GIEZX	International Equity	Pair Corr
0.8	GIIYX	International Equity	Pair Corr
0.8	GIIZX	Guidestone Funds Int	Pair Corr
0.63	GMDYX	Medium Duration Bond	Pair Corr
0.82	GMDZX	Medium Duration Bond	Pair Corr
0.82	GMBYX	Guidestone Funds	Pair Corr
0.94	GMEYX	Guidestone Funds Impact	Pair Corr
0.75	GMEZX	Guidestone Funds Impact	Pair Corr
0.99	GMHYX	Mydestination 2035	Pair Corr
0.93	GMHZX	Mydestination 2035	Pair Corr

Related Correlations Analysis

	PSIBX	FHCOX	PGFCX	GPICX	CDBCX	HIIDX	TFCAX	BICPX
PSIBX		0.0	0.0	0.0	0.0	0.0	0.0	0.0	PSIBX
FHCOX	0.0		0.17	0.95	0.08	0.36	0.96	0.32	FHCOX
PGFCX	0.0	0.17		0.27	0.87	0.92	0.22	0.93	PGFCX
GPICX	0.0	0.95	0.27		0.16	0.46	0.89	0.41	GPICX
CDBCX	0.0	0.08	0.87	0.16		0.81	0.13	0.88	CDBCX
HIIDX	0.0	0.36	0.92	0.46	0.81		0.42	0.97	HIIDX
TFCAX	0.0	0.96	0.22	0.89	0.13	0.42		0.37	TFCAX
BICPX	0.0	0.32	0.93	0.41	0.88	0.97	0.37		BICPX
	PSIBX	FHCOX	PGFCX	GPICX	CDBCX	HIIDX	TFCAX	BICPX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

BICPX	+ 0.97	HIIDX
TFCAX	+ 0.96	FHCOX
GPICX	+ 0.95	FHCOX
BICPX	+ 0.93	PGFCX
HIIDX	+ 0.92	PGFCX
TFCAX	+ 0.89	GPICX

High negative correlations

BICPX	- 0.0	PSIBX
TFCAX	- 0.0	PSIBX
HIIDX	- 0.0	PSIBX
CDBCX	- 0.0	PSIBX
GPICX	- 0.0	PSIBX
PGFCX	- 0.0	PSIBX

Risk-Adjusted Indicators

There is a big difference between Mydestination Mutual Fund performing well and Mydestination 2025 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 2025'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
PSIBX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
FHCOX	0.05	0.01	0.00	(0.93)	0.00	0.00	0.10	(0.10)	0.50
PGFCX	0.27	(0.01)	0.21	(0.04)	0.33	(0.33)	0.67	(0.39)	2.02
GPICX	0.03	0.01	0.00	0.36	0.00	0.00	0.10	0.00	0.21
CDBCX	0.24	0.01	0.30	0.09	0.23	(0.30)	0.56	(0.44)	1.34
HIIDX	0.53	0.07	0.16	0.08	0.67	(0.54)	1.14	(0.95)	3.01
TFCAX	0.03	0.00	0.00	(0.70)	0.00	0.00	0.10	0.00	0.40
BICPX	0.23	0.03	0.25	0.03	0.27	(0.31)	0.54	(0.45)	1.71

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC