Guidepath Growth Correlations

GPSTX Fund

USD 17.40 0.05 0.29%

The current 90-days correlation between Guidepath Growth All and Guidemark E Fixed is 0.03 (i.e., Significant diversification). The correlation of Guidepath Growth 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 Growth Correlation With Market

Poor diversification

The correlation between Guidepath Growth Allocation and DJI is 0.78 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Guidepath Growth Allocation 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 Growth Allocation. 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 estimate.

Moving together with Guidepath Mutual Fund

0.97	GMLGX	Guidemark Large Cap	Pair Corr
0.91	GMSMX	Guidemark Smallmid Cap	Pair Corr
0.96	GPTUX	Guidepath Tactical	Pair Corr
0.61	CWGFX	Capital World Growth	Pair Corr
0.62	CWGCX	Capital World Growth	Pair Corr
0.62	CWICX	Capital World Growth	Pair Corr
0.62	RWIAX	Capital World Growth	Pair Corr
0.93	VSTSX	Vanguard Total Stock	Pair Corr
0.93	VSMPX	Vanguard Total Stock	Pair Corr
0.93	VITSX	Vanguard Total Stock	Pair Corr
0.85	VFFSX	Vanguard 500 Index	Pair Corr
0.85	VFIAX	Vanguard 500 Index	Pair Corr
0.96	VINIX	Vanguard Institutional	Pair Corr
0.85	VTSAX	Vanguard Total Stock	Pair Corr

Moving against Guidepath Mutual Fund

0.42	GMCOX	Guidemark E Fixed	Pair Corr
0.36	GMWEX	Guidemark World Ex	Pair Corr
0.57	TRLDX	T Rowe Price	Pair Corr
0.53	MWSIX	Metropolitan West	Pair Corr
0.43	PEGPX	Pimco Esg Income	Pair Corr
0.43	GSFUX	Goldman Sachs Bond	Pair Corr
0.41	RBCRX	Rbc Bluebay Absolute	Pair Corr
0.39	PCCMX	Pimco Short Duration	Pair Corr
0.37	TYEFX	American Funds Tax	Pair Corr
0.34	VTSNX	Vanguard Total Inter	Pair Corr
0.32	WEDRX	William Blair Emerging	Pair Corr
0.31	HWDYX	Hartford World	Pair Corr

Related Correlations Analysis

	GMCOX	GMLVX	GMLGX	GMSMX	GMWEX	GPSTX	GPTCX	GPTUX
GMCOX		0.68	-0.6	-0.67	0.87	-0.42	0.67	-0.63	GMCOX
GMLVX	0.68		-0.25	-0.35	0.85	-0.01	0.77	-0.25	GMLVX
GMLGX	-0.6	-0.25		0.97	-0.57	0.97	0.03	0.99	GMLGX
GMSMX	-0.67	-0.35	0.97		-0.67	0.91	-0.14	0.98	GMSMX
GMWEX	0.87	0.85	-0.57	-0.67		-0.36	0.77	-0.59	GMWEX
GPSTX	-0.42	-0.01	0.97	0.91	-0.36		0.24	0.96	GPSTX
GPTCX	0.67	0.77	0.03	-0.14	0.77	0.24		-0.01	GPTCX
GPTUX	-0.63	-0.25	0.99	0.98	-0.59	0.96	-0.01		GPTUX
	GMCOX	GMLVX	GMLGX	GMSMX	GMWEX	GPSTX	GPTCX	GPTUX

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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

GPTUX	+ 0.99	GMLGX
GPTUX	+ 0.98	GMSMX
GMSMX	+ 0.97	GMLGX
GPSTX	+ 0.97	GMLGX
GPTUX	+ 0.96	GPSTX
GPSTX	+ 0.91	GMSMX

High negative correlations

GMWEX	- 0.67	GMSMX
GMSMX	- 0.67	GMCOX
GPTUX	- 0.63	GMCOX
GMLGX	- 0.6	GMCOX
GPTUX	- 0.59	GMWEX
GMWEX	- 0.57	GMLGX

Risk-Adjusted Indicators

There is a big difference between Guidepath Mutual Fund performing well and Guidepath Growth 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 Growth'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
GMCOX	0.22	0.01	0.13	0.37	0.18	(0.27)	0.49	(0.37)	1.35
GMLVX	0.70	0.06	0.07	0.10	0.88	(0.75)	1.57	(1.62)	5.51
GMLGX	0.88	(0.09)	0.00	(0.11)	0.00	0.00	1.45	(2.00)	5.85
GMSMX	1.01	(0.17)	0.00	(0.16)	0.00	0.00	1.69	(2.50)	9.92
GMWEX	0.59	0.16	0.20	0.22	0.58	(0.62)	1.17	(1.04)	4.66
GPSTX	0.81	(0.05)	0.00	(0.08)	0.00	0.00	1.50	(1.73)	5.13
GPTCX	0.31	0.04	0.12	0.07	0.30	(0.35)	0.62	(0.53)	1.79
GPTUX	0.84	(0.09)	0.00	(0.12)	0.00	0.00	1.47	(2.23)	6.90

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