Guidestone Growth Correlations

Mutual Funds . USA . 
Fund . Guidestone Growth Equity
GEIYX Fund  USD 17.67  0.01  0.06%   
The current 90-days correlation between Guidestone Growth Equity and Pace Large Growth is 0.06 (i.e., Significant diversification). The correlation of Guidestone 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.

Guidestone Growth Correlation With Market

Very poor diversification

The correlation between Guidestone Growth Equity and DJI is 0.8 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Guidestone Growth Equity 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 Guidestone Growth Equity. 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 Guidestone Mutual Fund

  0.99GCOZX Growth AllocationPairCorr
  0.98GDMYX Defensive Market StrPairCorr
  1.0GDMZX Defensive Market StrPairCorr
  0.93GVEYX Value Equity InstituPairCorr
  0.93GVEZX Value Equity InvestorPairCorr
  0.97GVIYX Guidestone Value EquityPairCorr
  0.97GVIZX Guidestone Value EquityPairCorr
  0.99GEIZX Guidestone Growth EquityPairCorr
  0.98GEMYX Emerging Markets EquityPairCorr
  0.98GEMZX Emerging Markets EquityPairCorr
  1.0GEQYX Equity Index InstituPairCorr
  0.99GEQZX Equity Index InvestorPairCorr
  0.98GFIZX Conservative AllocationPairCorr
  0.99GGBZX Aggressive AllocationPairCorr
  0.76GGBEX Global Bond FundPairCorr
  0.76GGBFX Global Bond FundPairCorr
  1.0GGEYX Guidestone Fds GrowthPairCorr
  0.99GGEZX Growth Equity InvestorPairCorr
  0.98GGIZX Balanced AllocationPairCorr
  0.99GGRYX Growth AllocationPairCorr
  0.95GIEYX International EquityPairCorr
  0.95GIEZX International EquityPairCorr
  0.95GIIYX International EquityPairCorr
  0.94GIIZX Guidestone Funds IntPairCorr
  0.87GLDYX Low Duration BondPairCorr
  0.85GLDZX Low Duration BondPairCorr
  0.73GMDYX Medium Duration BondPairCorr
  0.71GMDZX Medium Duration BondPairCorr
  1.0GMFZX Mydestination 2045PairCorr
  0.98GMEYX Guidestone Funds ImpactPairCorr
  0.99GMEZX Guidestone Funds ImpactPairCorr
  0.98GMHYX Mydestination 2035PairCorr
  0.98GMHZX Mydestination 2035PairCorr
  1.0GMGYX Mydestination 2055PairCorr
  1.0GMGZX Mydestination 2055PairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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

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