Value Equity Correlations

Mutual Funds . USA . 
Fund . Value Equity Institutional
GVEYX Fund  USD 19.17  0.04  0.21%   
The current 90-days correlation between Value Equity Institu and Franklin Gold Precious is 0.37 (i.e., Weak diversification). The correlation of Value 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.

Value Equity Correlation With Market

Very poor diversification

The correlation between Value Equity Institutional and DJI is 0.88 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Value Equity Institutional 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 Value Equity Institutional. 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 manufacturing.

Moving together with Value Mutual Fund

  1.0GVEZX Value Equity InvestorPairCorr
  0.94GVIYX Guidestone Value EquityPairCorr
  0.86GVIZX Guidestone Value EquityPairCorr
  0.64GEIZX Guidestone Growth EquityPairCorr
  0.72GEQYX Equity Index InstituPairCorr
  0.85GGBZX Aggressive AllocationPairCorr
  0.67GGEYX Guidestone Fds GrowthPairCorr
  0.81GGIZX Balanced AllocationPairCorr
  0.94GGRYX Growth AllocationPairCorr
  0.79GMEYX Guidestone Funds ImpactPairCorr
  0.8GMEZX Guidestone Funds ImpactPairCorr
  0.91GMHYX Mydestination 2035PairCorr
  0.93GMGZX Mydestination 2055PairCorr
  0.76GMTZX Mydestination 2015PairCorr
  0.85GMWZX Mydestination 2025PairCorr
  0.92GAGYX Aggressive AllocationPairCorr
  0.81GBAYX Balanced AllocationPairCorr
  0.88VVIAX Vanguard Value IndexPairCorr
  0.84DOXGX Dodge Cox StockPairCorr
  0.81AFMFX American MutualPairCorr
  0.93FFMMX American Funds AmericanPairCorr
  0.93FFFMX American Funds AmericanPairCorr
  0.93AMRMX American MutualPairCorr
  0.93AMFFX American MutualPairCorr
  0.94AMFCX American MutualPairCorr
  0.79DODGX Dodge Stock FundPairCorr
  0.98VIVAX Vanguard Value IndexPairCorr
  0.64VTSAX Vanguard Total StockPairCorr
  0.65VFIAX Vanguard 500 IndexPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Value Mutual Fund performing well and Value 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 Value 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.

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