Equity Index Correlations

Mutual Funds . USA . 
Fund . Equity Index Investor
GEQZX Fund  USD 62.43  0.34  0.55%   
The current 90-days correlation between Equity Index Investor and Growth Equity Investor is 0.97 (i.e., Almost no diversification). The correlation of Equity Index 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.

Equity Index Correlation With Market

Good diversification

The correlation between Equity Index Investor and DJI is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Equity Index Investor 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 Equity Index Investor. 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 Equity Mutual Fund

  0.98GCOZX Growth AllocationPairCorr
  1.0GDMYX Defensive Market StrPairCorr
  0.98GDMZX Defensive Market StrPairCorr
  0.94GVEYX Value Equity InstituPairCorr
  0.92GVEZX Value Equity InvestorPairCorr
  0.99GVIYX Guidestone Value EquityPairCorr
  0.99GVIZX Guidestone Value EquityPairCorr
  0.99GEIYX Guidestone Growth EquityPairCorr
  1.0GEIZX Guidestone Growth EquityPairCorr
  0.97GEMYX Emerging Markets EquityPairCorr
  0.97GEMZX Emerging Markets EquityPairCorr
  0.99GEQYX Equity Index InstituPairCorr
  0.97GFIZX Conservative AllocationPairCorr
  1.0GGBZX Aggressive AllocationPairCorr
  0.67GGBEX Global Bond FundPairCorr
  0.76GGBFX Global Bond FundPairCorr
  0.99GGEYX Guidestone Fds GrowthPairCorr
  1.0GGEZX Growth Equity InvestorPairCorr
  0.99GGIZX Balanced AllocationPairCorr
  0.98GGRYX Growth AllocationPairCorr
  0.94GIEYX International EquityPairCorr
  0.94GIEZX International EquityPairCorr
  0.95GIIYX International EquityPairCorr
  0.94GIIZX Guidestone Funds IntPairCorr
  0.88GLDYX Low Duration BondPairCorr
  0.85GLDZX Low Duration BondPairCorr
  0.75GMDYX Medium Duration BondPairCorr
  0.71GMDZX Medium Duration BondPairCorr
  0.98GMFZX Mydestination 2045PairCorr
  0.99GMEYX Guidestone Funds ImpactPairCorr
  0.98GMEZX Guidestone Funds ImpactPairCorr
  0.99GMHYX Mydestination 2035PairCorr
  0.99GMHZX Mydestination 2035PairCorr
  0.79GMGYX Mydestination 2055PairCorr
  0.79GMGZX Mydestination 2055PairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Equity Mutual Fund performing well and Equity Index 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 Equity Index'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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