Guidepath(r) Growth Correlations

GPSTX Fund

USD 18.51 0.19 1.04%

The current 90-days correlation between Guidepath Growth All and Putnam Global Health is 0.32 (i.e., Weak diversification). The correlation of Guidepath(r) 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(r) Growth Correlation With Market

Very weak diversification

The correlation between Guidepath Growth Allocation 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 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(r) Mutual Fund

0.78	GMCOX	Guidemark E Fixed	Pair Corr
0.7	GMLVX	Guidemark Large Cap	Pair Corr
0.99	GMLGX	Guidemark Large Cap	Pair Corr
0.89	GMSMX	Guidemark Smallmid Cap	Pair Corr
0.65	GPTCX	Guidepath(r) Conservative	Pair Corr
0.9	GPTUX	Guidepath(r) Tactical	Pair Corr
0.86	FCWGX	American Funds Capital	Pair Corr
0.86	FWCGX	American Funds Capital	Pair Corr
0.86	CWGIX	Capital World Growth	Pair Corr
0.86	CWGFX	Capital World Growth	Pair Corr
0.86	CWGCX	Capital World Growth	Pair Corr
0.86	RWIFX	Capital World Growth	Pair Corr
0.86	CWICX	Capital World Growth	Pair Corr
0.86	RWIAX	Capital World Growth	Pair Corr
0.86	CWIAX	Capital World Growth	Pair Corr
0.86	WGIFX	Capital World Growth	Pair Corr
0.65	SMPSX	Semiconductor Ultrasector Steady Growth	Pair Corr
0.67	NOEMX	Northern Emerging Markets	Pair Corr
0.7	FIWGX	Strategic Advisers	Pair Corr
0.73	PNSIX	T Rowe Price	Pair Corr
0.76	VSEMX	Vanguard Extended Market	Pair Corr
0.76	LUBIX	Thrivent Income	Pair Corr

Moving against Guidepath(r) Mutual Fund

0.31

BRASX

Bats Series S

Pair Corr

Related Correlations Analysis

	PHSTX	XXGRX	PGHAX	BHCHX	BGHDX	HIAHX	HHCZX
PHSTX		0.9	1.0	0.84	0.13	0.79	0.37	PHSTX
XXGRX	0.9		0.91	0.92	0.15	0.91	0.59	XXGRX
PGHAX	1.0	0.91		0.86	0.14	0.81	0.41	PGHAX
BHCHX	0.84	0.92	0.86		0.24	0.97	0.73	BHCHX
BGHDX	0.13	0.15	0.14	0.24		0.3	0.2	BGHDX
HIAHX	0.79	0.91	0.81	0.97	0.3		0.77	HIAHX
HHCZX	0.37	0.59	0.41	0.73	0.2	0.77		HHCZX
	PHSTX	XXGRX	PGHAX	BHCHX	BGHDX	HIAHX	HHCZX

Click cells to compare fundamentals

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Risk-Adjusted Indicators

There is a big difference between Guidepath(r) Mutual Fund performing well and Guidepath(r) 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(r) 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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
PHSTX	0.65	(0.12)	(0.31)	1.29	(1.38)	4.11
XXGRX	0.78	(0.11)	(0.17)	1.51	(1.72)	4.50
PGHAX	0.64	(0.12)	(0.28)	1.30	(1.38)	3.63
BHCHX	0.66	(0.10)	(0.19)	1.19	(1.58)	3.86
BGHDX	0.59	(0.06)	(1.02)	1.27	(1.69)	8.70
HIAHX	0.70	(0.08)	(0.15)	1.39	(1.62)	3.48
HHCZX	0.14	(0.02)	(0.17)	0.30	(0.30)	0.85

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