Global Real Correlations

GREZX Fund

USD 9.34 0.04 0.43%

The current 90-days correlation between Global Real Estate and Growth Allocation Fund is 0.46 (i.e., Very weak diversification). The correlation of Global Real 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.

Global Real Correlation With Market

Average diversification

The correlation between Global Real Estate and DJI is 0.19 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Global Real Estate 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 Global Real Estate. 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 nation.

Moving together with Global Mutual Fund

0.91	GGBEX	Global Bond Fund	Pair Corr
0.91	GGBFX	Global Bond Fund	Pair Corr
0.74	GIEYX	International Equity	Pair Corr
0.75	GIEZX	International Equity	Pair Corr
0.73	GIIYX	International Equity	Pair Corr
0.75	GIIZX	Guidestone Funds Int	Pair Corr
0.87	GLDZX	Low Duration Bond	Pair Corr
0.89	GMDYX	Medium Duration Bond	Pair Corr
0.89	GMDZX	Medium Duration Bond	Pair Corr
0.89	GMBYX	Guidestone Funds	Pair Corr
0.89	GMBZX	Guidestone Funds	Pair Corr

Moving against Global Mutual Fund

0.69	GEIYX	Guidestone Growth Equity	Pair Corr
0.69	GEIZX	Guidestone Growth Equity	Pair Corr
0.61	GEQYX	Equity Index Institu	Pair Corr
0.61	GEQZX	Equity Index Investor	Pair Corr
0.41	GGEYX	Guidestone Fds Growth	Pair Corr
0.4	GGEZX	Growth Equity Investor	Pair Corr
0.39	GGBZX	Aggressive Allocation	Pair Corr
0.42	GSCYX	Small Cap Equity	Pair Corr
0.41	GSCZX	Small Cap Equity	Pair Corr
0.4	GAGYX	Aggressive Allocation	Pair Corr

Related Correlations Analysis

	GCOZX	GDMYX	GDMZX	GVEYX	GVEZX	GVIYX	GVIZX	GEIYX	GEIZX	GEMYX
GCOZX		0.47	0.44	0.4	0.39	0.64	0.64	0.75	0.75	0.1	GCOZX
GDMYX	0.47		1.0	0.98	0.98	0.91	0.91	0.47	0.47	-0.15	GDMYX
GDMZX	0.44	1.0		0.98	0.98	0.9	0.91	0.45	0.46	-0.15	GDMZX
GVEYX	0.4	0.98	0.98		1.0	0.92	0.92	0.44	0.44	-0.13	GVEYX
GVEZX	0.39	0.98	0.98	1.0		0.91	0.91	0.43	0.43	-0.13	GVEZX
GVIYX	0.64	0.91	0.9	0.92	0.91		1.0	0.7	0.7	-0.26	GVIYX
GVIZX	0.64	0.91	0.91	0.92	0.91	1.0		0.69	0.69	-0.26	GVIZX
GEIYX	0.75	0.47	0.45	0.44	0.43	0.7	0.69		1.0	-0.38	GEIYX
GEIZX	0.75	0.47	0.46	0.44	0.43	0.7	0.69	1.0		-0.38	GEIZX
GEMYX	0.1	-0.15	-0.15	-0.13	-0.13	-0.26	-0.26	-0.38	-0.38		GEMYX
	GCOZX	GDMYX	GDMZX	GVEYX	GVEZX	GVIYX	GVIZX	GEIYX	GEIZX	GEMYX

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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

GDMZX	+ 1.0	GDMYX
GVEZX	+ 1.0	GVEYX
GVIZX	+ 1.0	GVIYX
GEIZX	+ 1.0	GEIYX
GVEYX	+ 0.98	GDMYX
GVEZX	+ 0.98	GDMYX

High negative correlations

GEMYX	- 0.38	GEIZX
GEMYX	- 0.38	GEIYX
GEMYX	- 0.26	GVIZX
GEMYX	- 0.26	GVIYX
GEMYX	- 0.15	GDMZX
GEMYX	- 0.15	GDMYX

Risk-Adjusted Indicators

There is a big difference between Global Mutual Fund performing well and Global Real 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 Global Real'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
GCOZX	0.38	(0.01)	(0.12)	0.07	0.37	(0.44)	0.91	(0.75)	2.44
GDMYX	0.36	(0.09)	0.00	(0.07)	0.00	0.00	0.56	(0.64)	7.51
GDMZX	0.36	(0.09)	0.00	(0.08)	0.00	0.00	0.64	(0.64)	7.53
GVEYX	0.57	(0.13)	0.00	(0.05)	0.00	0.00	1.06	(0.81)	11.82
GVEZX	0.57	(0.13)	0.00	(0.05)	0.00	0.00	1.12	(0.82)	11.85
GVIYX	0.49	(0.07)	(0.08)	0.01	0.80	(0.75)	1.10	(0.70)	7.61
GVIZX	0.49	(0.07)	(0.09)	0.01	0.81	(0.69)	1.14	(0.70)	7.53
GEIYX	0.66	0.07	0.03	0.19	0.82	(0.73)	1.73	(1.53)	5.94
GEIZX	0.66	0.07	0.03	0.19	0.82	(0.73)	1.69	(1.54)	5.95
GEMYX	0.70	0.02	(0.06)	0.17	0.79	(0.91)	1.43	(1.74)	5.33

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