Guidepath(r) Managed Correlations

GPMFX Fund

USD 7.48 0.06 0.80%

The correlation of Guidepath(r) Managed 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.

Guidepath(r) Managed Correlation With Market

Significant diversification

The correlation between Guidepath Managed Futures and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Guidepath Managed Futures 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 Guidepath Managed Futures. 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 census.

Moving together with Guidepath(r) Mutual Fund

0.71	PQTAX	Pimco Trends Managed	Pair Corr
0.71	PQTNX	Pimco Trends Managed	Pair Corr
0.92	AHLPX	American Beacon Ahl	Pair Corr
0.75	ABYCX	Abbey Capital Futures	Pair Corr
0.95	ABYIX	Abbey Capital Futures	Pair Corr
1.0	AMFAX	Asg Managed Futures	Pair Corr
0.91	ASFYX	Asg Managed Futures	Pair Corr

Moving against Guidepath(r) Mutual Fund

0.7	GPICX	Guidepath Conservative	Pair Corr
0.56	GPARX	Guidepath Absolute Return	Pair Corr
0.52	GPINX	Guidepath Income	Pair Corr
0.37	AQMRX	Aqr Managed Futures	Pair Corr
0.32	GPMIX	Guidepath(r) Multi-asset	Pair Corr
0.89	FICMX	Federated Government	Pair Corr
0.88	ABNDX	Bond Fund	Pair Corr
0.83	PDINX	Putnam Diversified Income	Pair Corr
0.82	RGEVX	Us Government Securities	Pair Corr
0.78	AVBNX	American Century Etf	Pair Corr
0.78	EKIZX	Wells Fargo Adjustable	Pair Corr
0.76	COBCX	American Funds Porate	Pair Corr
0.72	PEGBX	Pimco Esg Income	Pair Corr
0.56	RROPX	American Funds Retirement	Pair Corr
0.54	PUBRX	Pimco Unconstrained Bond	Pair Corr
0.49	VZICX	Vanguard International	Pair Corr
0.39	CMDAX	Columbia Conservative	Pair Corr
0.38	MRJIX	Real Assets Portfolio	Pair Corr
0.35	RNWEX	New World Fund	Pair Corr
0.91	RBOHX	Intermediate Bond	Pair Corr
0.88	MQLCX	Mfs Limited Maturity	Pair Corr
0.87	DGQUX	Americafirst Defensive	Pair Corr
0.84	FIVOX	Fidelity International	Pair Corr

Related Correlations Analysis

	VGHCX	PJHRX	PGHAX	SHSAX	DLRHX	HCPIX
VGHCX		0.8	0.73	0.93	0.85	0.84	VGHCX
PJHRX	0.8		0.35	0.67	0.53	0.4	PJHRX
PGHAX	0.73	0.35		0.85	0.87	0.89	PGHAX
SHSAX	0.93	0.67	0.85		0.9	0.92	SHSAX
DLRHX	0.85	0.53	0.87	0.9		0.93	DLRHX
HCPIX	0.84	0.4	0.89	0.92	0.93		HCPIX
	VGHCX	PJHRX	PGHAX	SHSAX	DLRHX	HCPIX

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Risk-Adjusted Indicators

There is a big difference between Guidepath(r) Mutual Fund performing well and Guidepath(r) Managed 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 Guidepath(r) Managed'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
VGHCX	0.67	0.01	0.02	(0.05)	0.80	(0.71)	1.49	(1.15)	4.70
PJHRX	0.83	(0.01)	0.00	0.13	1.10	(0.83)	1.79	(1.84)	5.35
PGHAX	0.64	0.05	0.07	0.09	0.67	(0.72)	1.33	(1.01)	4.12
SHSAX	0.63	0.03	0.05	(0.14)	0.65	(0.72)	1.33	(0.95)	3.73
DLRHX	0.63	0.03	0.04	(0.11)	0.65	(0.79)	1.29	(1.24)	3.41
HCPIX	0.98	0.09	0.08	(0.26)	0.95	(1.11)	1.88	(1.61)	4.95

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