Strategic Equity Correlations

GTCEX Fund

USD 26.77 0.04 0.15%

The current 90-days correlation between Strategic Equity Por and International Portfolio International is 0.47 (i.e., Very weak diversification). The correlation of Strategic Equity 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.

Strategic Equity Correlation With Market

Almost no diversification

The correlation between Strategic Equity Portfolio and DJI is 0.92 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Strategic Equity Portfolio 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 Strategic Equity Portfolio. 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 income.

Moving together with Strategic Mutual Fund

0.69	GEQIX	Equity Income Portfolio	Pair Corr
0.93	GLSOX	Secured Options Portfolio	Pair Corr
0.9	GQLVX	Quantitative U S	Pair Corr
0.85	GQSCX	Quantitative U S	Pair Corr
0.86	GTAPX	Longshort Portfolio	Pair Corr
0.88	GTCSX	Small Cap Equity	Pair Corr
0.89	GTILX	Large Cap Growth	Pair Corr
0.97	GTLIX	Large Cap Core	Pair Corr
0.94	GTLLX	Large Cap Growth	Pair Corr
0.95	GTLOX	Large Cap E	Pair Corr
0.86	GTLSX	Quantitative Longshort	Pair Corr
0.88	GTSCX	Small Cap Equity	Pair Corr
0.95	GTTMX	Total Market Portfolio	Pair Corr
0.94	VTSAX	Vanguard Total Stock	Pair Corr
0.88	VFIAX	Vanguard 500 Index	Pair Corr
0.94	VTSMX	Vanguard Total Stock	Pair Corr
0.95	VITSX	Vanguard Total Stock	Pair Corr
0.95	VSMPX	Vanguard Total Stock	Pair Corr
0.95	VSTSX	Vanguard Total Stock	Pair Corr
0.93	VFINX	Vanguard 500 Index	Pair Corr
0.95	VFFSX	Vanguard 500 Index	Pair Corr
0.94	VINIX	Vanguard Institutional	Pair Corr
0.93	VIIIX	Vanguard Institutional	Pair Corr
0.77	WRHIX	Ivy High Income	Pair Corr
0.77	WHIAX	Ivy High Income	Pair Corr
0.77	IHIFX	Ivy High Income	Pair Corr
0.77	IVHIX	Ivy High Income	Pair Corr

Moving against Strategic Mutual Fund

0.44	GTCIX	International Portfolio	Pair Corr
0.55	RBOHX	Intermediate Bond	Pair Corr
0.48	ABNDX	Bond Fund	Pair Corr
0.45	FAIJX	Faijx	Pair Corr
0.41	PUBRX	Pimco Unconstrained Bond	Pair Corr
0.33	BFCCX	American Funds Porate	Pair Corr

Related Correlations Analysis

	GTCIX	GTCSX	GTLOX	GTCGX	MIPTX
GTCIX		-0.76	-0.43	0.0	0.7	GTCIX
GTCSX	-0.76		0.86	0.0	-0.39	GTCSX
GTLOX	-0.43	0.86		0.0	-0.16	GTLOX
GTCGX	0.0	0.0	0.0		0.0	GTCGX
MIPTX	0.7	-0.39	-0.16	0.0		MIPTX
	GTCIX	GTCSX	GTLOX	GTCGX	MIPTX

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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

GTLOX	+ 0.86	GTCSX
MIPTX	+ 0.7	GTCIX
GTCGX	+ 0.0	GTCIX
GTCGX	+ 0.0	GTCSX
GTCGX	+ 0.0	GTLOX
MIPTX	+ 0.0	GTCGX

High negative correlations

GTCSX	- 0.76	GTCIX
GTLOX	- 0.43	GTCIX
MIPTX	- 0.39	GTCSX
MIPTX	- 0.16	GTLOX
MIPTX	- 0.0	GTCGX
GTCGX	- 0.0	GTLOX

Risk-Adjusted Indicators

There is a big difference between Strategic Mutual Fund performing well and Strategic Equity 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 Strategic Equity'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
GTCIX	0.60	0.18	0.26	0.47	0.41	(0.72)	1.29	(0.93)	3.63
GTCSX	0.86	(0.17)	0.00	(0.16)	0.00	0.00	1.84	(2.32)	4.34
GTLOX	0.71	(0.05)	0.00	(5.60)	0.00	0.00	1.24	(1.64)	3.39
GTCGX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MIPTX	0.89	0.00	0.00	(0.01)	1.23	(0.83)	2.00	(2.01)	6.57

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