Equity Index Correlations

Mutual Funds . USA . 
Fund . Equity Index Investor
GEQZX Fund  USD 67.64  0.47  0.70%   
The current 90-days correlation between Equity Index Investor and Goldman Sachs Clean is 0.51 (i.e., Very weak 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

Very poor diversification

The correlation between Equity Index Investor and DJI is 0.82 (i.e., Very poor 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

  0.96GCOZX Growth AllocationPairCorr
  0.98GDMYX Defensive Market StrPairCorr
  0.98GDMZX Defensive Market StrPairCorr
  0.9GVEYX Value Equity InstituPairCorr
  0.89GVEZX Value Equity InvestorPairCorr
  0.83GVIYX Guidestone Value EquityPairCorr
  0.82GVIZX Guidestone Value EquityPairCorr
  0.98GEIYX Guidestone Growth EquityPairCorr
  0.98GEIZX Guidestone Growth EquityPairCorr
  0.94GEMYX Emerging Markets EquityPairCorr
  0.94GEMZX Emerging Markets EquityPairCorr
  1.0GEQYX Equity Index InstituPairCorr
  0.94GFIZX Conservative AllocationPairCorr
  0.67GFSYX Strategic AlternativesPairCorr
  0.67GFSZX Strategic AlternativesPairCorr
  0.94GGBZX Aggressive AllocationPairCorr
  0.82GGEYX Guidestone Fds GrowthPairCorr
  0.82GGEZX Growth Equity InvestorPairCorr
  0.95GGIZX Balanced AllocationPairCorr
  0.96GGRYX Growth AllocationPairCorr
  0.78GIEYX International EquityPairCorr
  0.77GIEZX International EquityPairCorr
  0.87GIIYX International EquityPairCorr
  0.87GIIZX Guidestone Funds IntPairCorr
  0.71GLDYX Low Duration BondPairCorr
  0.71GLDZX Low Duration BondPairCorr
  0.75GMDYX Medium Duration BondPairCorr
  0.74GMDZX Medium Duration BondPairCorr
  0.99GMFZX Mydestination 2045PairCorr
  0.98GMHYX Mydestination 2035PairCorr
  0.98GMHZX Mydestination 2035PairCorr
  0.99GMGYX Mydestination 2055PairCorr
  0.99GMGZX Mydestination 2055PairCorr
  0.95GMTYX Mydestination 2015PairCorr
  0.96GMTZX Mydestination 2015PairCorr

Related Correlations Analysis


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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